Generation Income Properties, Inc. (NASDAQ:GIPR), a net lease real estate investment trust, has provided a business update, highlighting recent transactions, operational performance, and strategic alternatives under consideration. The company is exploring a range of options, including a merger, recapitalization, strategic partnerships, or a potential sale. However, no assurances on the outcome or timing of this review have been given, and further comments will only be made once a specific course of action is approved. Despite macroeconomic challenges like elevated interest rates and limited access to public equity capital impacting small publicly traded REITs, GIPR's portfolio remains robust with strong tenant credit quality, 100% rent collection, geographic diversity, and stable cash flows. To enhance financial flexibility, the company is considering refinancing and recapitalizing its preferred equity and asset-level debt, alongside exploring strategic equity capital partnerships. GIPR's Special Committee has engaged Cantor Fitzgerald & Co. to evaluate these strategic alternatives fully. The company's efforts reflect its commitment to navigating current market challenges and optimizing its operational structure.
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