Generation Income Properties Announces Closing of $5.5 Million Retail Asset [Yahoo! Finance]
Generation Income Properties Inc. (GIPR)
Company Research
Source: Yahoo! Finance
acquisition of a 30,465 square foot retail building located in Ames, Iowa. The purchase price for the asset was $5.5 million, excluding transaction costs. The building is currently occupied by Best Buy, a reputable tenant with an investment-grade credit rating of BBB+ by Standard & Poor's. The existing lease agreement has approximately 6 years remaining, providing stable long-term income. The tenant has the option to extend the lease for two consecutive periods of 5 years each, ensuring potential for continued revenue generation. The annualized base rent from the lease stands at approximately $405,470, contributing to GIPR's rental income stream. GIPR financed the acquisition using a combination of approximately 55% cash and 45% debt, demonstrating a balanced approach to capital allocation. This strategic acquisition aligns with GIPR's objective to expand its portfolio with high-quality, income-generating assets. The addition of another investment-grade asset underscores GIPR's disc
Show less
Read more
Impact Snapshot
Event Time:
GIPR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GIPR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GIPR alerts
High impacting Generation Income Properties Inc. news events
Weekly update
A roundup of the hottest topics
GIPR
News
- Generation Income Properties Announces Closing of $5.5 Million Retail AssetAccesswire
- Generation Income Properties Announces Second Quarter 2024 Financial and Operating Results [Yahoo! Finance]Yahoo! Finance
- Generation Income Properties Announces Second Quarter 2024 Financial and Operating ResultsAccesswire
- Generation Income Properties Provides Quarterly Update to ShareholdersAccesswire
GIPR
Sec Filings
- 9/6/24 - Form 8-K
- 8/29/24 - Form 8-K
- 8/15/24 - Form 8-K
- GIPR's page on the SEC website