Zoned Properties, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 11:08 am EDT
Share
Zoned Properties, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.450314 million compared to USD 0.294972 million a year ago. Revenue was USD 0.498652 million compared to USD 0.550064 million a year ago. Net loss was USD 0.039063 million compared to net income of USD 0.112594 million a year ago.
For the six months, sales was USD 0.840411 million compared to USD 0.587161 million a year ago. Revenue was USD 1.44 million compared to USD 0.895909 million a year ago. Net loss was USD 0.064759 million compared to net income of USD 0.041259 million a year ago. Basic loss per share from continuing operations was USD 0.01. Diluted loss per share from continuing operations was USD 0.01.
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. 
