2022 Q3 Form 10-Q Financial Statement

#000095017022017373 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $1.474M $1.379M $941.5K
YoY Change 42.63% 39.56%
Cost Of Revenue $269.8K $325.2K $228.4K
YoY Change 38.02%
Gross Profit $1.204M $1.054M $713.1K
YoY Change 43.71%
Gross Profit Margin 81.7% 76.42% 75.74%
Selling, General & Admin $743.6K $783.4K $823.7K
YoY Change 92.65%
% of Gross Profit 61.74% 74.34% 115.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $561.5K $558.7K $343.5K
YoY Change 105.46%
% of Gross Profit 46.63% 53.01% 48.17%
Operating Expenses $1.957M $2.043M $1.167M
YoY Change 49.92% 56.44%
Operating Profit -$483.2K -$663.8K -$454.1K
YoY Change 77.58% 108.97%
Interest Expense -$365.7K -$377.1K -$274.8K
YoY Change 10.39%
% of Operating Profit
Other Income/Expense, Net -$45.66K -$137.4K
YoY Change
Pretax Income -$512.1K -$916.7K -$728.9K
YoY Change -178.09%
Income Tax
% Of Pretax Income
Net Earnings -$638.9K -$1.047M -$849.3K
YoY Change -240.08% 182.95%
Net Earnings / Revenue -43.34% -75.91% -90.2%
Basic Earnings Per Share -$0.28 -$0.46
Diluted Earnings Per Share -$0.28 -$0.46 -$978.0K
COMMON SHARES
Basic Shares Outstanding 2.261M 2.255M 2.160M
Diluted Shares Outstanding 2.305M 2.255M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.588M $3.649M $10.59M
YoY Change -81.77%
Cash & Equivalents $2.588M $3.649M $10.59M
Short-Term Investments
Other Short-Term Assets $226.5K $256.8K $237.6K
YoY Change 2.67%
Inventory
Prepaid Expenses
Receivables $61.95K $94.80K $88.66K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.876M $4.001M $10.92M
YoY Change -80.19%
LONG-TERM ASSETS
Property, Plant & Equipment $55.82M $56.20M $38.99M
YoY Change 60.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $373.5K $319.0K $191.3K
YoY Change 107.55%
Total Long-Term Assets $60.93M $61.30M $42.50M
YoY Change 60.82%
TOTAL ASSETS
Total Short-Term Assets $2.876M $4.001M $10.92M
Total Long-Term Assets $60.93M $61.30M $42.50M
Total Assets $63.81M $65.30M $53.42M
YoY Change 21.75% 31.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.692M $21.77K $201.7K
YoY Change 1617.54%
Accrued Expenses $6.689M $6.727M $134.8K
YoY Change 2301.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.508M $6.956M $369.9K
YoY Change 1679.21%
LONG-TERM LIABILITIES
Long-Term Debt $35.36M $35.46M $28.97M
YoY Change 32.13%
Other Long-Term Liabilities $843.3K $979.5K $806.3K
YoY Change 6.14%
Total Long-Term Liabilities $36.21M $36.44M $29.78M
YoY Change 31.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.508M $6.956M $369.9K
Total Long-Term Liabilities $36.21M $36.44M $29.78M
Total Liabilities $45.72M $43.39M $30.15M
YoY Change 62.72% -1.57%
SHAREHOLDERS EQUITY
Retained Earnings -$7.664M -$7.026M -$5.403M
YoY Change 29.35%
Common Stock $19.53M $18.61M $19.07M
YoY Change 85840.34% 243.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.87M $11.58M $13.67M
YoY Change
Total Liabilities & Shareholders Equity $63.81M $65.30M $53.42M
YoY Change 21.75% 31.32%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$638.9K -$1.047M -$849.3K
YoY Change -240.08% 182.95%
Depreciation, Depletion And Amortization $561.5K $558.7K $343.5K
YoY Change 105.46%
Cash From Operating Activities $403.0K $83.25K -$346.4K
YoY Change 1220.78%
INVESTING ACTIVITIES
Capital Expenditures -$67.49K -$5.080K -$4.933M
YoY Change -98.0%
Acquisitions
YoY Change
Other Investing Activities -$50.00K -$455.9K $0.00
YoY Change -101.1%
Cash From Investing Activities -$117.5K -$461.0K -$4.933M
YoY Change -110.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.347M -581.1K 1.675M
YoY Change -110.95%
NET CHANGE
Cash From Operating Activities 403.0K 83.25K -346.4K
Cash From Investing Activities -117.5K -461.0K -4.933M
Cash From Financing Activities -1.347M -581.1K 1.675M
Net Change In Cash -1.061M -958.8K -3.605M
YoY Change -107.87%
FREE CASH FLOW
Cash From Operating Activities $403.0K $83.25K -$346.4K
Capital Expenditures -$67.49K -$5.080K -$4.933M
Free Cash Flow $470.5K $88.33K $4.587M
YoY Change -86.21%

Facts In Submission

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gipr Amortization Of Above Market Ground Lease
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gipr Amortization Of Above Market Ground Lease
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gipr Equity In Earnings On Investment In Tenancy In Common
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gipr Dead Deal Expenses
DeadDealExpenses
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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gipr Increase Decrease In Deferred Rent Asset
IncreaseDecreaseInDeferredRentAsset
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gipr Increase Decrease In Deferred Rent Asset
IncreaseDecreaseInDeferredRentAsset
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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gipr Increase Decrease In Right Of Use Liability
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gipr Increase Decrease In Right Of Use Liability
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gipr Increase Decrease In Deferred Rent Liability
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gipr Increase Decrease In Deferred Rent Liability
IncreaseDecreaseInDeferredRentLiability
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Acquire Productive Assets
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gipr Escrow Return Deposit For Purchase Of Properties
EscrowReturnDepositForPurchaseOfProperties
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gipr Escrow Return Deposit For Purchase Of Properties
EscrowReturnDepositForPurchaseOfProperties
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PaymentsForTenantImprovements
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us-gaap Payments For Tenant Improvements
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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gipr Proceeds From Issuance Of Redeemable Interest
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gipr Proceeds From Issuance Of Redeemable Interest
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us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
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us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
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gipr Proceeds From Mortgage Loan Borrowings
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gipr Proceeds From Mortgage Loan Borrowings
ProceedsFromMortgageLoanBorrowings
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gipr Repayments Of Mortgage Loan
RepaymentsOfMortgageLoan
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gipr Repayments Of Mortgage Loan
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments Of Stock Issuance Costs
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gipr Payments Of Deferred Financing Costs
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gipr Payments Of Deferred Financing Costs
PaymentsOfDeferredFinancingCosts
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PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
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us-gaap Proceeds From Annuities And Investment Certificates
ProceedsFromAnnuitiesAndInvestmentCertificates
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us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
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us-gaap Repayments Of Annuities And Investment Certificates
RepaymentsOfAnnuitiesAndInvestmentCertificates
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
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us-gaap Stock Issued1
StockIssued1
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us-gaap Stock Issued1
StockIssued1
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gipr Deferred Distribution On Redeemable Non Controlling Interests
DeferredDistributionOnRedeemableNonControllingInterests
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gipr Deferred Distribution On Redeemable Non Controlling Interests
DeferredDistributionOnRedeemableNonControllingInterests
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gipr Right Of Use Asset And Liability
RightOfUseAssetAndLiability
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gipr Right Of Use Asset And Liability
RightOfUseAssetAndLiability
0
gipr Non Controlling Interest Common Redemption Value
NonControllingInterestCommonRedemptionValue
203326
gipr Non Controlling Interest Common Redemption Value
NonControllingInterestCommonRedemptionValue
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us-gaap Nature Of Operations
NatureOfOperations
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Note 1 – Nature of Operations</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:6.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Generation Income Properties, Inc. (the “Company”) was formed as a Maryland corporation on </span><span style="font-size:10.0pt;font-family:Times New Roman;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">September 19, 2015</span></span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">. The Company is an internally managed real estate investment company focused on acquiring and managing income-producing retail, office and industrial properties net leased to high quality tenants in major markets throughout the United States.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:12.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">The Company formed Generation Income Properties L.P. (the “Operating Partnership”) in </span><span style="font-size:10.0pt;font-family:Times New Roman;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">October 2015</span></span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">. Substantially all of the Company’s assets are held by, and operations are conducted through, the Operating Partnership or its direct or indirect subsidiaries. The Company is the general partner of the Operating Partnership and as of </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">June 30, 2022 owned </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">83</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> of the outstanding common units of the Operating Partnership. The Company formed a Maryland entity GIP REIT OP Limited LLC in 2018 that owns </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">0.002</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">%</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> of the Operating Partnership.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"/> </p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">As of June 30, 2022</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">, the Company, the Operating Partnership, and their controlled subsidiaries on a consolidated basis owned </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">12</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> properties and held partial interests in </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">one</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> additional property through a tenancy-in-common investment.</span></p>
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2015-09-19
CY2022Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
12
CY2022Q2 gipr Number Of Partial Interest Properties
NumberOfPartialInterestProperties
1
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
10589576
CY2022Q2 us-gaap Restricted Cash
RestrictedCash
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CY2021Q4 us-gaap Restricted Cash
RestrictedCash
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3683665
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10624076
CY2022Q2 us-gaap Prepaid Rent
PrepaidRent
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CY2021Q4 us-gaap Prepaid Rent
PrepaidRent
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us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2022Q2 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
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CY2021Q4 us-gaap Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
3304014
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1246874
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
994857
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3431054
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2309157
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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542954
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
542954
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
509815
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
489884
CY2022Q2 gipr Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
1069927
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3431054
CY2021Q2 gipr Noncontrolling Interest Increase From Asset Acquisitions
NoncontrollingInterestIncreaseFromAssetAcquisitions
950000
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
56400
CY2021Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
56400
CY2021Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
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CY2022Q2 us-gaap Below Market Lease Gross
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CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
845063
CY2022Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
317630
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
267675
CY2022Q2 gipr Acquired Lease Intangible Liabilities Net1
AcquiredLeaseIntangibleLiabilitiesNet1
647586
CY2021Q4 gipr Acquired Lease Intangible Liabilities Net1
AcquiredLeaseIntangibleLiabilitiesNet1
577388
CY2022Q2 gipr Above Market Lease Gross
AboveMarketLeaseGross
45207
CY2022Q2 gipr Above Market Lease Accumulated Amortization
AboveMarketLeaseAccumulatedAmortization
226
CY2022Q2 gipr Above Market Lease Net
AboveMarketLeaseNet
44981
CY2022Q2 gipr Acquired Lease Intangible Liabilities Amortization Income Remainder Of Fiscal Year
AcquiredLeaseIntangibleLiabilitiesAmortizationIncomeRemainderOfFiscalYear
52594
CY2022Q2 gipr Acquired Lease Intangible Liabilities Amortization Income Next Twelve Months
AcquiredLeaseIntangibleLiabilitiesAmortizationIncomeNextTwelveMonths
105188
CY2022Q2 gipr Acquired Lease Intangible Liabilities Amortization Income Year Two
AcquiredLeaseIntangibleLiabilitiesAmortizationIncomeYearTwo
105188
CY2022Q2 gipr Acquired Lease Intangible Liabilities Amortization Income Year Three
AcquiredLeaseIntangibleLiabilitiesAmortizationIncomeYearThree
105188
CY2022Q2 gipr Acquired Lease Intangible Liabilities Amortization Income Year Four
AcquiredLeaseIntangibleLiabilitiesAmortizationIncomeYearFour
93907
CY2022Q2 gipr Acquired Lease Intangible Liabilities Amortization Income After Year Four
AcquiredLeaseIntangibleLiabilitiesAmortizationIncomeAfterYearFour
185521
CY2022Q2 gipr Acquired Lease Intangible Liabilities Net1
AcquiredLeaseIntangibleLiabilitiesNet1
647586
CY2022Q2 gipr Weighted Average Redemption Price Discount
WeightedAverageRedemptionPriceDiscount
0.15
us-gaap Minority Interest Description
MinorityInterestDescription
average 30-day market price of Generation Income Properties, Inc. Units shall then be convertible into common stock of Generation Income Properties, Inc. on a 1:1 basis in accordance with the Partnership Agreement of Generation Income Properties, L.P.
CY2020Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
8198251
CY2021Q1 gipr Noncontrolling Interest Increase From Asset Acquisitions
NoncontrollingInterestIncreaseFromAssetAcquisitions
500000
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
150826
CY2021Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
150826
CY2021Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
8698251
CY2021Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
9134979
CY2022Q1 gipr Noncontrolling Interest Increase From Asset Acquisitions
NoncontrollingInterestIncreaseFromAssetAcquisitions
1109570
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
115303
CY2022Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
131083
CY2022Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
10260329
CY2022Q2 gipr Temporary Equity Redemption Of Redeemable Noncontrolling Interest
TemporaryEquityRedemptionOfRedeemableNoncontrollingInterest
406652
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
118556
CY2022Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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134510
CY2022Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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9869631
CY2022Q2 us-gaap Common Stock Shares Authorized
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CY2022Q2 gipr Undesignated Preferred Stock Shares Authorized
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10000000
CY2022Q2 us-gaap Preferred Stock Shares Issued
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0
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1
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1
CY2020Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
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CY2020Q4 us-gaap Warrants And Rights Outstanding Term
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gipr Stock Issuance Cost Included In Deferred Financing Costs
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CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
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CY2019Q2 gipr Warrants Issuance Date
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CY2020Q4 gipr Warrants Issuance Date
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CY2022Q2 gipr Warrants Issued And Outstanding
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1541470
CY2021Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
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CY2021Q4 gipr Class Of Warrant Or Right Outstanding Weighted Average Price
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CY2021Q4 us-gaap Warrants And Rights Outstanding Term
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gipr Class Of Warrant Or Right Outstanding At Exercised
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gipr Class Of Warrant Or Right Weighted Average Price Exercised
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CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
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CY2022Q2 gipr Class Of Warrant Or Right Outstanding Weighted Average Price
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CY2022Q2 us-gaap Warrants And Rights Outstanding Term
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P4Y2M12D
CY2022Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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1541470
CY2022Q2 gipr Class Of Warrant Or Right Weighted Average Exercisable Price
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10.89
gipr Warrants And Rights Outstanding Exercisable Term1
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P4Y2M12D
CY2022Q2 gipr Class Warrants And Rights Outstanding Intrinsic Value
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0
CY2021Q4 gipr Class Warrants And Rights Outstanding Intrinsic Value
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0
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
218044
us-gaap Employee Benefits And Share Based Compensation
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99749
gipr Number Of Tenants
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4
gipr Number Of Tenants
NumberOfTenants
4
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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2517849
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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4628195
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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4674729
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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4547481
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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4425322
CY2022Q2 gipr Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
8987943
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29781519
CY2022Q2 us-gaap Gains Losses On Extinguishment Of Debt
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-144029
CY2022Q2 gipr Loan Repayment Penalty
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21000
us-gaap Amortization Of Financing Costs
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61606
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
63922
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
354432
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
39991
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
291328
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
785524
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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12427090
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
546280
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
568514
CY2022Q2 gipr Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
21623266
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
36242002
CY2022Q2 gipr Debt Service Coverage Ratio
DebtServiceCoverageRatio
0.0150
CY2022Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2022-06-27

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