Generation Income Properties (NASDAQ:GIPR – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.06, Zacks reports. The firm had revenue of $2.26 million during the quarter. Generation Income Properties had a negative net margin of 82.77% and a negative return on equity of 92.11%.
Generation Income Properties Stock Performance
Shares of GIPR opened at $2.14 on Friday. Generation Income Properties has a 1 year low of $1.93 and a 1 year high of $4.64. The stock has a market capitalization of $11.60 million, a PE ratio of -0.83 and a beta of -0.10. The company has a debt-to-equity ratio of 5.05, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50-day simple moving average of $3.36 and a 200-day simple moving average of $3.67.
Generation Income Properties Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Saturday, June 15th were given a $0.039 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 21.87%. The ex-dividend date of this dividend was Friday, June 14th. Generation Income Properties’s dividend payout ratio is currently -17.90%.
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About Generation Income Properties
Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.
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