Company: GIPRW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0000950170-25-046959
Chunk: 175

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7
Chunk 175
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 are available for distribution to stockholders and extraordinary items, it provides a performance measure that, when compared year over year, reflects the impact to operations from trends in occupancy rates, rental rates, operating costs, general and administrative expenses and interest costs, providing a perspective not immediately apparent from net income or loss. However, FFO should not be viewed as an alternative measure of our operating performance since it does not reflect either depreciation and amortization costs or the level of capital expenditures and leasing costs necessary to maintain the operating performance of our properties which could be significant economic costs and could materially impact our results from operations. Additionally, FFO does not reflect distributions paid to redeemable non-controlling interests.

 46

The following tables reconcile net income (net loss), which we believe is the most comparable GAAP measure, to FFO, Core FFO, AFFO and Core AFFO:  

    Twelve Months Ended December 31,

    2024
     
    2023

    Net loss
    $
    (4,872,888
    )
    $
    (4,441,465
    )

    Other expense
     
    -

    506,639

    Loss (gain) on derivative valuation
     
    (372,573
    )
     
    401,782

    Depreciation and amortization
     
    4,765,203

    3,538,569

    Loss on held for sale asset valuation
     
    77,244

    -

    Funds From Operations
    $
    (403,014
    )
    $
    5,525

    Amortization of debt issuance costs
     
    202,621

    146,745

    Non-cash stock compensation
     
    379,739

    382,002

    Adjustments to Funds From Operations
     
    582,360

    528,747

    Core Funds From Operations
    $
    179,346
     
    $
    534,272

    Net loss
    $
    (4,872,888
    )
    $
    (4,441,465
    )

    Other expense
     
    -

    506,639

    Loss (gain) on derivative valuation
     
    (372,573
    )
     
    401,782

    Depreciation and amortization
     
    4,765,203