Generation Income Properties Inc. reported its financial results for the first quarter ended March 31, 2025. The company reported a net loss attributable to its common shareholders of $2.7 million compared to the same period in the previous year. Meanwhile, the company reported a Core FFO loss of $168,000 and a Core AFFO loss of $39,000 for the quarter. In a strategic move to strengthen its financial position, Generation Income Properties is under contract to sell two assets: a property leased to Auburn University in Huntsville, AL, and a Starbucks in Tampa, FL. These sales are part of the company's ongoing debt restructuring efforts. Furthermore, the Board of Directors has initiated a review of strategic alternatives to maximize shareholder value, led by a Special Committee of independent directors. There is no assurance regarding the outcome or timing of this review.
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