Generation Income Properties suspends monthly dividend to retain ~$1.27M cash in H2 2024

GENERATION INCOME PROPERTIES, INC.

Dividend suspended starting July 2024; expects to retain $1.27M in Q3+Q4 2024 ($2.54M annualized).
Raised $2.5M capital infusion; funds to build cash and structure acquisitions.
CEO cites tough market with high rates, tight spreads; portfolio 100% rent collected.
NAV per share estimated at $4.63 as of March 31, 2024, based on $25M common equity.
Board sees no REIT distribution required for 2024 but will comply if needed to maintain REIT status.

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