Generation Income Properties Inc 2026年季度报告

(Mark One)☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission file number 001-40771 GENERATION INCOME PROPERTIES, INC. (Exact name of Registrant as specified in its charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject tosuch filing requirements for the past 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerginggrowth company" in Rule 12b-2 of the Exchange Act.: Large accelerated filer☐Non-accelerated filer☑ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ GENERATION INCOME PROPERTIES, INC. TABLE OF CONTENTS PART I.FINANCIAL INFORMATION3Item 1.Financial Statements3Generation Income Properties, Inc. Consolidated Balance SheetsMarch 31, 2026 (unaudited) and December 31, 20253Generation Income Properties, Inc. Consolidated Statements of Operations Three andThree Months Ended March 31, 2026 and March 31, 2025 (unaudited)4Generation Income Properties, Inc. Consolidated Statements of Changes in (Deficit) Equity, RedeemablePreferred Stock, and Redeemable Non-Controlling Interests for the Three Months Ended March 31, 2026and March 31, 2025 (unaudited)5Generation Income Properties, Inc. Consolidated Statements of Cash Flows for the Three Months EndedMarch 31, 2026 and March 31, 2025 (unaudited)7Notes to Unaudited Consolidated Financial Statements9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 3.Quantitative and Qualitative Disclosures About Market Risk38Item 4.Controls and Procedures38PART II.OTHER INFORMATION40Item 1.Legal Proceedings40Item 1A.Risk Factors40Item 2.Unregistered Sales of Equity Securities and Use of Proceeds41Item 3.Defaults Upon Senior Securities41Item 4.Mine Safety Disclosures41Item 5.Other Information42Item 6.Exhibits43SIGNATURES44 Generation Income Properties, IncConsolidated Balance Sheets Generation Income Properties, IncConsolidated Statements of Operations Generation Income Properties, IncConsolidated Statements of Cash Flows GENERATION INCOME PROPERTIES, INC. NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS Note 1 – Nature of Operations Generation Income Properties, Inc. (the “Company”) was formed as a Maryland corporation on September 19, 2015. The Companyis an internally managed real estate investment company focused on acquiring and managing income-producing retail, office andindustrial properties net leased to high quality tenants in major markets throughout the United States. The Company formed Generation Income Properties L.P. (the “Operating Partnership”) in October 2015. Substantially all of theCompany’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 March 31, 2026 owned 99.6% of the outstandingcommon units of the Operating Partnership. The Company formed a Maryland entity GIP REIT OP Limited LLC in 2018 that owns0.001% of the Operating Partnership. The Company places each property in a separate entity which may have a Redeemable Non-Controlling interest as a member. As of March 31, 2026, the Company, the Operating Partnership, and their controlled subsidiaries on a consolidated basis owned 24properties. Management’s Liquidity Plans and Going Concern In accordance with FASB Accounting Standards Codification ("ASC") 205, Presentation of Financial Statements, management isrequired to assess a company's ability to continue as going concern within one year from financial statement issuance and toprovide related footnote disclosures in certain circumstances. The accompanying Consolidated Financial Statements are preparedassuming the Company will continue as a going concern. This presentation c