Generation Income Properties Announces Second Quarter 2026 Financial Results and Provides Shareholder Update

TAMPA, FL / ACCESS Newswire / August 17, 2026 / Generation Income Properties, Inc. (NASDAQ:GIPR) ("GIPR" or the "Company") today announced its three- and six-month financial and operating results for the period ended June 30, 2026 and issued the below letter to shareholders from Chief Executive Officer David Sobelman providing a corporate update on recent developments.

Second Quarter 2026 Financial Highlights * Regained compliance with Nasdaq's stockholders' equity requirement under Listing Rule 5550(b)(1), effective August 10, 2026 * Net loss attributable to common shareholders narrowed to $1.08 million for the second quarter of 2026, down from $4.42 million in the second quarter of 2025 - a 76% improvement * Six-month net loss attributable to common shareholders narrowed to $3.21 million, down from $7.15 million in the same period of 2025 * Reduced the Loci preferred equity redemption obligation to $7.96 million as of August 1, 2026, down from a peak of approximately $20 million * Completed profitable property dispositions during the first half of 2026, including gains of $265,000 (Dollar Tree) and $825,000 (Starbucks), plus a further gain of approximately $301,000 on the subsequent sale of the Vacaville, CA property leased to the GSA * Raised approximately $4.6 million in net proceeds through a public offering completed in June 2026 * Completed a 1-for-10 reverse stock split effective July 9, 2026 * Restructured preferred equity agreements with the Company's two largest preferred holders to settle via exchange into common stock rather than cash redemption