Zoned Properties, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 10, 2021 at 09:21 am EST
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Zoned Properties, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.314677 million compared to USD 0.284897 million a year ago. Revenue was USD 0.387365 million compared to USD 0.302772 million a year ago. Net loss was USD 0.095495 million compared to net income of USD 0.025089 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.
For the nine months, sales was USD 0.901838 million compared to USD 0.833607 million a year ago. Revenue was USD 1.28 million compared to USD 0.906465 million a year ago. Net loss was USD 0.054236 million compared to USD 0.090608 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. 
