Revenue growth has contracted to -8.3% in 2026Q1, while the NOI margin plummeted to -27.4%, reflecting a fundamental inability to achieve profitable scale.
| Revenue | 9.54M | 9.74M | 9.76M | 7.63M | 5.43M | 3.9M | 3.52M | 1.73M | 341.54K | 66.72K | 0 | 0 |
| Revenue Growth % | -1.74% | -0.23% | 27.91% | 40.5% | 39.29% | 10.79% | 103.39% | 406.79% | 411.91% | - | - | - |
| Property Operating Expenses | 4.68M | 2.53M | 2.67M | 1.7M | 1.21M | 768.18K | 711.45K | 266.11K | 45.21K | 48.37K | 0 | 0 |
| Net Operating Income (NOI) | 4.87M | 7.21M | 7.09M | 5.93M | 4.22M | 3.13M | 2.81M | 1.46M | 296.33K | 18.35K | 0 | 0 |
| NOI Margin % | 51% | 74.03% | 72.61% | 77.74% | 77.76% | 80.3% | 79.79% | 84.63% | 86.76% | 27.5% | - | - |
| Operating Expenses | 9.14M | 8.43M | 12.22M | 9.39M | 6.69M | 4.78M | 4.15M | 1.05M | 631.78K | 160.16K | 151.12K | 134.53K |
| G&A Expenses | 3.09M | 2.19M | 3.17M | 3.11M | 2.96M | 1.96M | 1.3M | 1.05M | 478.21K | -1 | 151.12K | 269.06K |
| EBITDA | 585.15K | 3.95M | -104.43K | 79.45K | -354.75K | -286.99K | -1.55K | 1.05M | 341.54K | 208.53K | 0 | 134.53K |
| EBITDA Margin % | 6.13% | 40.56% | -1.07% | 1.04% | -6.53% | -7.36% | -0.04% | 60.4% | 100% | 312.55% | - | - |
| Depreciation & Amortization | 4.85M | 5.17M | 5.03M | 3.54M | 2.11M | 1.36M | 1.34M | 626.21K | 676.99K | 162.87K | 151.12K | 269.06K |
| D&A / Revenue % | 50.87% | 53.05% | 51.5% | 46.32% | 38.86% | 34.9% | 38.15% | 36.18% | 198.22% | 244.12% | - | - |
| Operating Income | -4.27M | -1.22M | -5.13M | -3.46M | -2.47M | -1.65M | -1.34M | 419.22K | -335.45K | 45.65K | -151.12K | -134.53K |
| Operating Margin % | -44.74% | -12.49% | -52.57% | -45.28% | -45.39% | -42.26% | -38.2% | 24.22% | -98.22% | 68.43% | - | - |
| Interest Expense | 3.98M | 5.77M | 4.29M | 2.74M | 1.62M | 1.31M | 1.4M | 682.89K | 145.11K | 0 | 0 | 0 |
| Interest Coverage | - | -0.11x | -0.14x | -0.62x | -0.70x | -0.26x | 0.04x | -0.36x | -2.31x | - | - | - |
| Non-Operating Income | -3.98M | -598.91K | -4.55M | -1.76M | -1.34M | -1.31M | -1.4M | 665.67K | 0 | 48.37K | 0 | 134.53K |
| Pretax Income | -5.86M | -6.39M | -4.87M | -4.44M | -2.75M | -712.43K | -1.34M | -1.01M | -480.56K | -50.5K | -151.12K | -134.53K |
| Pretax Margin % | -61.38% | -65.6% | -49.91% | -58.19% | -50.57% | -18.27% | -38.2% | -58.6% | -140.7% | -75.69% | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -96.15K | 0 | -269.06K |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 190.4% | 0% | 200% |
| Net Income | -9.74M | -10.34M | -8.35M | -5.72M | -3.24M | -1.23M | -1.83M | -1.51M | -455.82K | -96.15K | -151.12K | -134.53K |
| Net Margin % | -102.07% | -106.17% | -85.52% | -74.91% | -59.6% | -31.44% | -52.03% | -87.12% | -133.46% | -144.12% | - | - |
| Net Income Growth % | -17.98% | -23.85% | -46.04% | -76.59% | -164.08% | 33.07% | -21.47% | -230.8% | -374.06% | 36.37% | -12.33% | - |
| Funds From Operations (FFO) | -4.89M | -5.17M | -3.32M | -2.18M | -1.13M | 135.1K | -488.59K | -881.65K | 221.17K | 66.72K | 0 | 134.53K |
| FFO Margin % | -51.2% | -53.12% | -34.02% | -28.58% | -20.74% | 3.46% | -13.88% | -50.94% | 64.76% | 100% | - | - |
| FFO Growth % | -189.46% | -55.75% | -52.26% | -93.63% | -933.96% | 127.65% | 44.58% | -498.64% | 231.49% | - | -100% | - |
| FFO per Share | -0.72 | -1.00 | -0.64 | -0.87 | -0.49 | 0.17 | -0.92 | -1.79 | 0.42 | 0.17 | 0.00 | 0.54 |
| FFO Payout Ratio % | 0% | 0% | -34.91% | -55.75% | -120.44% | 414.75% | -68.23% | -27.88% | 72.07% | 0% | - | 0% |
| EPS (Diluted) | -1.43 | -2.00 | -1.52 | -2.46 | -1.00 | -3.26 | -6.32 | -4.35 | -0.87 | -0.24 | -0.55 | -0.54 |
| EPS Growth % | -12.24% | -31.58% | 38.21% | -146% | 69.33% | 48.42% | -45.29% | -400% | -262.5% | 56.36% | -1.85% | - |
| EPS (Basic) | - | -2.00 | -1.52 | -2.46 | -1.00 | -3.26 | -6.33 | -4.35 | -0.87 | -0.24 | -0.56 | -0.54 |
| Diluted Shares Outstanding | 6.81M | 5.17M | 5.16M | 2.52M | 2.31M | 787.46K | 528.89K | 492.59K | 525.24K | 396.99K | 275.16K | 250K |
Persistent Negative Operating Leverage
As reported in recent financial filings, GIPR's revenue growth has decelerated to -8.3% in 2026Q1, highlighting a fundamental inability to achieve the necessary portfolio scale to drive top-line expansion, which remains a critical hurdle for the company's long-term viability in the competitive net-lease REIT landscape.
The company's inability to sustain positive revenue growth suggests that its acquisition strategy is failing to offset lease expirations or potential asset dispositions. Without a clear path to portfolio expansion, the fixed costs associated with maintaining a public REIT structure will likely continue to exert downward pressure on overall financial performance.
Based on the provided income statement data, the company's NOI margin plummeted to -27.4% in 2026Q1, a stark reversal from the 77.4% margin observed in 2025Q4, indicating that property-level profitability is highly volatile and currently insufficient to cover the company's substantial corporate overhead expenses.
The extreme fluctuation in NOI margins suggests that the portfolio is highly sensitive to even minor operational disruptions or property-level expenses. Investors should monitor whether this margin compression is a temporary anomaly or a structural shift that further threatens the company's ability to achieve positive net income.
According to the company's quarterly disclosures, FFO per share has remained consistently negative for most of the last ten quarters, with a 2026Q1 figure of -$0.15, underscoring the persistent difficulty in generating positive cash flow from operations after accounting for necessary corporate and administrative costs.
The lack of a consistent, positive FFO trajectory suggests that the current business model is not yet self-sustaining. The reliance on external capital to fund operations, rather than internal cash generation, appears to be a significant risk factor that warrants further investigation by prospective investors.
Financial statements reveal that GIPR's persistent net losses, including a -$2.1M net loss in 2026Q1, suggest that the company is trapped in a scale-related deficit where corporate G&A costs disproportionately consume the entirety of the rental income generated by its limited asset base.
The disconnect between gross rental income and bottom-line profitability implies that the company may be over-leveraged in terms of administrative complexity relative to its actual property holdings. This structural inefficiency makes the company particularly vulnerable to any further deterioration in tenant credit quality or occupancy levels.
Quick answers to the most common questions about buying GIPR stock.
For fiscal year 2025, Generation Income Properties, Inc. (GIPR) reported total revenue of $9.7M.
Generation Income Properties, Inc. (GIPR) reported a net loss of $10.3M for the fiscal year ending 2025.
Generation Income Properties, Inc. (GIPR) reported an operating income of $-1.2M, resulting in an operating profit margin of -12.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Generation Income Properties, Inc. (GIPR) generated $7.2M in gross profit for the year, representing a gross profit margin of 74.0%. This demonstrates the company's core pricing power and production efficiency.