v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Investment in real estate    
Land $ 14,939,843 $ 20,055,577
Building and site improvements 56,268,441 67,133,859
Acquired tenant improvements 1,682,482 2,434,465
Acquired lease intangible assets 7,538,241 9,444,402
Less: accumulated depreciation and amortization (13,606,012) (15,307,333)
Net real estate investments 66,822,995 83,760,970
Cash and cash equivalents 2,029,661 6,164,316
Restricted cash 34,500 34,500
Deferred rent asset 365,368 398,040
Prepaid expenses 504,883 184,397
Accounts receivable 289,254 0
Escrow deposit and other assets 519,919 733,326
Held for sale assets 10,432,121 0
Right-of-use asset, net 5,950,608 5,989,132
Total Assets 86,949,309 97,264,681
Liabilities    
Accounts payable 1,451,780 1,597,045
Accrued expenses 1,263,147 1,165,981
Accrued expense - related party 1,138,757 1,016,642
Acquired lease intangible liabilities, net 879,545 1,398,038
Insurance payable 278,078 32,538
Deferred rent liability 150,235 306,921
Lease liability 6,542,455 6,516,011
Other loans payable 6,148,651 7,724,452
Mortgage loans, net of unamortized debt discount and debt issuance costs of $972,636 and $1,020,818 at June 30, 2026 and December 31, 2025, respectively 46,781,677 48,690,776
Derivative liabilities 92,893 435,523
Total liabilities 64,727,218 68,883,927
Redeemable Non-Controlling Interests 24,127,496 32,187,864
Stockholders' (Deficit) Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized; 11,650,085 and 5,448,178 shares issued; 10,304,015 and 5,448,178 shares outstanding at June 30, 2026 and December 31, 2025, respectively. 10,304 5,443
Additional paid-in capital 34,521,913 29,413,035
Accumulated deficit (36,830,483) (33,618,449)
Total Generation Income Properties, Inc. Stockholders' (Deficit) Equity (2,298,266) (4,199,971)
Non-Controlling Interest 392,861 392,861
Total equity (1,905,405) (3,807,110)
Total Liabilities and Equity $ 86,949,309 $ 97,264,681

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