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Resurgent Realty Trust Issue Position Statement Regarding Generation Income Properties, Inc. (“GIPR”)

1. Resurgent Realty Trust criticizes GIPR management for fiduciary duty failure. 2. GIPR borrowed $1.1M for general corporate purposes, lacking investment rationale. 3. CEO David Sobelman is deemed reckless, leading GIPR to unprofitability. 4. GIPR's stock price fell from $10 to $1.40, losing 86% of value. 5. Shareholders demand management change to restore trust in GIPR.

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Why Very Bearish?

The article highlights severe mismanagement and calls for leadership change. Historical examples show stock prices plummet after shareholder unrest and management failures.

How important is it?

The ongoing failure to meet fiduciary duties directly impacts investor confidence. The demand for a management shakeup suggests imminent volatility.

Why Short Term?

Immediate shareholder dissatisfaction can lead to rapid price declines. Recent stock performance indicates investors react quickly to management issues.

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RRTSPGOVNO
Cites Continued Failure to Perform Fiduciary Duty by GIPR Management and Board of Directors June 25, 2025 11:16 ET  | Source: Resurgent Realty Trust VIRGINIA BEACH, Va., June 25, 2025 (GLOBE NEWSWIRE) --  Resurgent Realty Trust (“RRT”), a shareholder of Generation Income Properties, Inc. (NASDAQ: GIPR) (“GIPR” or the “Company”), issue the following position statement regarding the continued mismanagement of GIPR and failure of its board of directors to fulfill their fiduciary duty. “This is absolute insanity”…. Borrowing $1.1M for “general corporate purposes”, which is really G&A and not investments, principal curtailments or a share repurchase program is operating with a complete disregard for fiscal responsibility to and on behalf of the shareholders. https://ir.gipreit.com/sec-filings/all-sec-filings/content/0000950170-25-088517/0000950170-25-088517.pdf David Sobelman as CEO & the entire board are operating “reckless abound” with no understanding of the basic corporate tenet and fiduciary duty as stewards of a publicly traded company. Whether now via the Special Committee or at the next Shareholders Annual Meeting this fall, all this malfeasance will be stopped. Since their IPO in Sept 2021, GIPR has never been profitable in 3.9 years and will not be profitable under the current leadership that has decimated this REIT. These types of actions are not forgivable, and the shareholders have spoken loud and clear as evidenced by the stock price destruction from $10 to $1.40 (86%). Management needs to be fired, and the board reconstituted to stabilize this wayward and sinking ship. This is a profoundly serious matter and should be treated as such. Millions have been lost in the hands of David Sobelman as CEO. The name Real Estate Investment Trust is embedded with the word “Trust”. There is a fiduciary duty and responsibility here that is sorely missing. Jon S. WheelerChief Executive OfficerResurgent Realty Trust Pavilion Center I2101 Parks Avenue, Suite 403Virginia Beach, VA 23451C: (757) 621-2873O: (757) 644-5997www.resurgentrealty.net

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