Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 171

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 171
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 (that will also result in greater leverage of the current portfolio) in order to quickly build a diversified portfolio of assets. 

Cash from Operations Activities

Net cash provided by operations was $1,022,362 and $12,345 during the twelve months ended December 31, 2024 and 2023, respectively. The change is primarily due to operating the Modiv portfolio for twelve months compared with only five months during the periods ended December 31, 2024 and 2023, respectively. The increase in operating cash also reflects the Company's optimization of timing for settling working capital accounts. We expect our cash flows from continuing operations during the upcoming fiscal cycle to be similar to our current year cash flows.

Cash from Investing Activities 

Net cash used in investing was $5,773,323 and $33,314,974 for the twelve months ended December 31, 2024 and 2023, respectively. The year over year change is primarily due to the acquisition of the 13 property Modiv portfolio in August 2023 compared with the single property acquisition of Best Buy Ames, IA in August 2024. 

Cash from Financing Activities 

Net cash provided by financing activities was $2,246,453 and $32,701,579 for the twelve months ended December 31, 2024 and 2023, respectively. The change is primarily due to the financing scale for acquisition of the 13 property Modiv portfolio in August 2023 compared with the acquisition of a single property, Best Buy Ames, IA in August 2024. 

 44

Future Rental Payments 

The following table presents future minimum rental cash payments due to the Company over the next five calendar years and thereafter as of December 31:  

    As of December 31,

    2024

    2025
    $
    8,569,192

    2026
     
    8,368,784

    2027
     
    6,557,503

    2028
     
    4,897,628

    2029
     
    3,668,471

    Thereafter
     
    16,383,885

    $
    48,445,463

Off-Balance Sheet Arrangements 

We do not have any material off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses,