By Connor Hart
Generation Income Properties said its board has initiated a review of strategic alternatives.
The review, which aims to identify opportunities to maximize shareholder value, will consider a broad range of opportunities including a sale, merger or other strategic or financial transaction, the real estate investment trust said Monday.
Chief Executive David Sobelman said the review "reflects the increased inbound interest we've received from a range of parties, some with proven credibility and others less so."
Generation Income's board hasn't set a timeline for the review, and it isn't an assurance of strategic changes or transactions, the company added.
The disclosure came as Generation Income reported a net loss attributable to common shareholders of $2.7 million, or 50 cents a share, during the first quarter, compared with a loss of $2.9 million, or 67 cents a share, a year earlier.
Revenue fell 2.1% to $2.4 million.
Shares rise 7.4%, to $1.75, in after-hours trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
May 19, 2025 18:03 ET (22:03 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。