Zoned Properties, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 12, 2022 at 11:35 am EDT
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Zoned Properties, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 0.390097 million compared to USD 0.292189 million a year ago. Revenue was USD 0.938701 million compared to USD 0.345845 million a year ago. Net loss was USD 0.025696 million compared to USD 0.071335 million a year ago.
Zoned Properties, Inc. is a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States. The Company is in the business of property acquisition, development, and commercial leasing and intends to primarily structure lease agreements with prospective tenants using a triple-net or absolute-net lease model. Its segments include Property Investment Portfolio and Real Estate Services. The Property Investment Portfolio segment is engaged in the operations, leasing and management of its commercial properties. The Real Estate Services segment provides advisory, brokerage and technology services related to commercial properties. The Company maintains a portfolio of properties that it owns, develops and leases. Its investment properties are located in Arizona, Illinois, and Michigan with 100% occupancy and a weighted average lease term over 10 years. It has approximately 47 acres in Chino Valley, Arizona.
ZONED PROPERTIES, INC. 