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Resurgent Realty Trust Reduces Offer Price for Generation Income Properties, Inc. (“GIPR”) Shares

1. Resurgent Realty Trust retracted higher offers for GIPR shares. 2. New offer of $1.45 reflects NAV drop from asset sales. 3. Resurgent cites loss of investor confidence in GIPR leadership. 4. Current GIPR share price is approximately 15% below estimated NAV. 5. Resurgent plans to nominate alternate board members at annual meeting.

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Why Very Bearish?

The reduction in offers indicates significant loss of confidence in GIPR, weakening market perception. Historical declines from shareholder dissent often lead to further drops and stay under recent lows.

How important is it?

The article outlines direct financial impacts and governance challenges for GIPR. As shareholder actions can lead to major strategic shifts, investor sentiments are likely to remain negative.

Why Short Term?

Immediate market reactions to leadership challenges usually trigger quick price declines. Similar past events show rapid price adjustments occur within days to weeks.

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RRTSPGCPT
June 18, 2025 08:30 ET  | Source: Resurgent Realty Trust Amends Offer to $1.45 per Share Due to Reduction in Net Asset Value (“NAV”) From Two Recent Asset Sales Resurgent Believes the Recent GIPR Share Price Declines Reflect a Lack of Belief in Current GIPR Leadership by the Investment Community VIRGINIA BEACH, Va., June 18, 2025 (GLOBE NEWSWIRE) -- Resurgent Realty Trust (“RRT”), a shareholder of Generation Income Properties, Inc. (NASDAQ: GIPR) (“GIPR” or the “Company”), announced the withdrawal of its prior offers to purchase GIPR shares at $2.50, $2.75 and $3.00 due to the negative impact of GIPR’s recent asset sales on its NAV along with the continued erosion of GIPR’s share price. The current offer represents a discount of approximately 15% to Resurgent’s estimated NAV for GIPR of $1.70. Resurgent also reiterated its intention to pursue all legal remedies to maximize the value of its investment in GIPR, including a formally requested non-disclosure agreement and proxy questionnaire from GIPR pursuant to Resurgent’s intent to nominate an alternate slate of directors for election at the company’s next annual meeting. InvestorsJon WheelerAssignees of Resurgent, Inc.jon@resurgentrealty.net (757) 621-2873

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