Generation Income Properties CEO Outlines Growth Strategy Following Board Refresh

About this update from Generation Income Properties Inc.

Refreshed board targets data centers, distribution facilities, and portfolio transactions as company accelerates balance sheet repair and charts path to growth TAMPA, FL / ACCESS Newswire / June 4, 2026 / Generation Income Properties, Inc. (Nasdaq:GIPR) today issued the following letter from Chief Executive Officer David Sobelman to the Company's shareholders.To Our Fellow Shareholders,The past year has been one of hard, deliberate work, and the results are tangible. We have sold assets at a profit, retired senior mortgage debt, maintained 100% rent collection throughout and, as of June 30, 2026, we will have eliminated approximately 50% of our Loci Capital preferred obligations. The balance sheet has been meaningfully repositioned. This letter is about what comes next.A Refreshed Board, A New VisionIn May 2026, we welcomed three new directors: Jess Johnson, Timothy Murray, and Matthew Stein. Each brings deep expertise in commercial real estate strategy, capital markets, and finance. Above all else, this board is here to help build a fundamentally stronger company.As a first act of alignment, the Board terminated $300,000 of compensation that our recent Special Committee had caused the Board to grant the committee but that had not yet been paid. That liability is gone. The message is clear: leadership earns its compensation by delivering results for shareholders.The Plan ForwardWe are pursuing a focused strategic agenda built around three pillars:New Asset Classes, New Growth. Our refreshed Board is actively evaluating expansion into higher-growth asset classes with a promising future. These include data centers, distribution and logistics facilities, and other portfolios of high-demand property types that reflect where real estate capital is flowing today.Balance Sheet Stabilization. We are in active negotiation on senior debt refinancings and maturity extensions, and in continuing dialogue with Loci Capital to further reduce or eliminate the remaining preferred obligation. On June 1, 2026, we closed a $5.0 million public equity offering. This was a direct step toward restoring our equity position and preserving our Nasdaq listing while we continue to work through additional hurdles and seek to come back into full compliance with Nasdaq's stockholder equity requirement.Protecting Our Nasdaq Platform. Our listing is a strategic asset and we are protecting...

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