v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Investment in real estate    
Land $ 19,630,821 $ 20,055,577
Building and site improvements 63,882,423 67,133,859
Acquired tenant improvements 2,265,766 2,434,465
Acquired lease intangible assets 9,218,135 9,444,402
Less: accumulated depreciation and amortization (15,400,673) (15,307,333)
Net real estate investments 79,596,472 83,760,970
Cash and cash equivalents 289,468 6,164,316
Restricted cash 34,500 34,500
Deferred rent asset 380,291 398,040
Prepaid expenses 164,844 184,397
Accounts receivable 3,907 0
Escrow deposit and other assets 753,127 733,326
Held for sale assets 1,083,054 0
Right-of-use asset, net 5,969,795 5,989,132
Total Assets 88,275,458 97,264,681
Liabilities    
Accounts payable 1,614,169 1,597,045
Accrued expenses 1,494,566 1,165,981
Accrued expense - related party 1,063,501 1,016,642
Acquired lease intangible liabilities, net 1,353,103 1,398,038
Insurance payable 0 32,538
Deferred rent liability 137,942 306,921
Lease liability 6,529,157 6,516,011
Loan payable - related party 6,721,429 7,724,452
Mortgage loans, net of unamortized debt discount and debt issuance costs of $949,646 and $1,103,336 at March 31, 2026 and December 31, 2025, respectively 47,337,648 48,690,776
Derivative liabilities 279,578 435,523
Total liabilities 66,531,093 68,883,927
Redeemable Non-Controlling Interests 26,966,173 32,187,864
Stockholders' (Deficit) Equity    
Common stock, $0.01 par value, 100,000,000 shares authorized; 7,882,731 and 5,443,188 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively. 59,400 54,431
Additional paid-in capital 30,075,515 29,364,047
Accumulated deficit (35,749,584) (33,618,449)
Total Generation Income Properties, Inc. Stockholders' (Deficit) Equity (5,614,669) (4,199,971)
Non-Controlling Interest 392,861 392,861
Total equity (5,221,808) (3,807,110)
Total Liabilities and Equity $ 88,275,458 $ 97,264,681

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