Generation Income Properties (NASDAQ:GIPR) releases earnings results

Generation Income Properties (NASDAQ:GIPR – Get Free Report ) announced its quarterly earnings data on Thursday. The company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.06, Zacks reports. Generation Income Properties had a negative net margin of 82.77% and a negative return on equity of 92.11%. The company had revenue of $2.26 million during the quarter.

Generation income properties up 4.6%

Shares of NASDAQ:GIPR opened at $2.14 on Friday. The company has a debt-to-equity ratio of 5.05, a quick ratio of 1.49, and a current ratio of 1.49. Generation Income Properties has a 52-week low of $1.93 and a 52-week high of $4.64. The company’s 50-day simple moving average is $3.36, and its two-hundred-day simple moving average is $3.67. The firm has a market cap of $11.60 million, a P/E ratio of -0.83 and a beta of -0.10.

Dividend announcement for income generating properties

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Saturday, June 15th were given a $0.039 dividend. This represents a dividend of $0.47 on an annualized basis and a yield of 21.87%. The ex-dividend date was Friday, June 14. Generation Income Properties’ payout ratio is -17.90%.

Changes in Analyst Ratings

Separately, Maxim Group restated a “hold” rating on shares of Generation Income Properties in a report on Thursday, June 6th.

Check out our latest report on GIPR

About Generation Income Properties

(Get a free report)

Generation Income Properties, Inc, headquartered in Tampa, Florida, is a domestically managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on net lease retail, office and industrial properties in densely populated submarkets.

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