secwatch.observer — SEC 8-K summary
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Issuer:     Zoned Properties, Inc. (ZDPY)
CIK:        0001279620
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001213900-23-023411
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zoned Properties FY2022 revenue up 46% to $2.66M, net loss widens to $574K; acquires MI property with 13.5% cap rate
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- Revenue $2.66M (+46% YoY); net loss $574K vs $166K loss in 2021.
- Cash from operations $872K (+78% YoY), 6th consecutive year positive.
- Cash on hand $4.34M (Dec 2022) vs $842K (Sep 2022); $4.5M debt facility at 7.65% for property acquisitions.
- Acquired Michigan cannabis retail property for $4.3M; 13.5% straight-line cap rate; $580K annual base rent.
- Leased Chino Valley facility: base rent increased to $1.05M annually (+167%); tenant invested $8M+ in improvements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1279620/000121390023023411/0001213900-23-023411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1279620/000121390023023411/ea175868-8k_zonedpro.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-023411

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer