Company: GIPRW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0000950170-25-072868
Chunk: 36

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 36
---
 654,667

     (18,442
     )

     Depreciation and amortization
      
     1,292,761

     1,226,605

     66,156

     Interest expense, net
      
     1,182,267

     1,020,741

     161,526

     Compensation costs
      
     240,745

     282,015

     (41,270
     )

     Total expenses
     $
     3,857,376
      
     $
     3,633,825
      
     $
     223,551

   •General, administrative and organizational costs remained relatively flat, year-over-year, with a modest increase of $55,581 for the comparative periods March 31, 2025 and 2024. •Building expenses remained relatively flat, year-over-year, with a modest decrease of $18,442 for the comparative periods March 31, 2025 and 2024.

27

•Depreciation and amortization increased nominally, year-over-year, by $66,156 for the comparative periods March 31, 2025 and 2024 driven by the acquisition of a retail property in Ames, IA in August 2024. •Interest expense, net increased by $161,526 year-over-year, for the comparative periods March 31, 2025 and 2024, driven by debt financing in acquisition of the retail property in Ames, IA in August 2024.•Compensation costs decreased by $41,270, year-over-year, due to savings in salary expense and for accounting and administrative staff.Net lossDuring the three months ended March 31, 2025 and 2024, we generated a net loss of $1,797,460 and $1,879,096, respectively.  Net income attributable to non-controlling interests During the three months ended March 31, 2025 and 2024, net income attributable to non-controlling interest was $934,399 and $946,124, respectively. Net loss attributable to common shareholders During the three months ended March 31, 2025 and 2024, we generated a net loss attributable to our shareholders of $2,731,859 and $2,920,220, respectively.  Liquidity and Capital Resources We require capital to fund our investment activities and operating expenses. Our capital sources may include net proceeds from offerings of