Generation Income Properties CEO Provides Update for Shareholders

About this update from Generation Income Properties Inc.

Company reports on Nasdaq compliance, capital structure simplification, and balance sheet improvement TAMPA, FL / ACCESS Newswire / July 20, 2026 / Generation Income Properties, Inc. (NASDAQ:GIPR) today issued the following letter from David Sobelman, Chief Executive Officer to the Company's shareholders. Dear Fellow Shareholders, A year ago, Generation Income Properties stood at a crossroads. We were a small net lease REIT carrying a capital structure built for a different interest rate environment, managing Nasdaq compliance obligations, a maturing preferred equity arrangement, and a portfolio of assets that needed to be rationalized. None of those challenges were hidden from us, and none of them were treated as afterthoughts. This letter is an attempt to explain - plainly and directly - what we have done over the past twelve months, why we made each decision, and where the company stands today. Before we walk through the details, we want to state the outcomes clearly, because they are worth stating: The path to these outcomes was not straightforward. Some of the actions we took were dilutive. Some required us to sell properties we had worked to acquire. All of them were taken with a single objective: to keep this company compliant, solvent, and positioned to grow. Where We Started Approximately one year ago, GIPR's capital structure included a preferred equity obligation carrying a significant annual preferred return, a senior secured loan from Valley National Bank, and LP unit obligations that - under their original terms - carried cash redemption rights that classified the related balances as liabilities on our balance sheet. That classification created a structural headwind to Nasdaq equity compliance that could not be addressed through operations alone. At the same time, the Company's common stock bid price had declined to a level that triggered a separate Nasdaq compliance notice under the minimum bid price rules. We were, in plain terms, managing two compliance deadlines simultaneously - one on equity, one on price - while also preparing for the maturity of our preferred equity obligation and managing an active portfolio of properties. We want shareholders to understand the weight of that starting position. Each obligation compounded the others. The preferred equity redemption required capital we did not yet have. The equity compliance issue was ...

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