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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。