Zoned Properties, Inc. Announces Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021 at 09:11 pm
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Zoned Properties, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 550,064 compared to USD 299,824 a year ago. Operating income was USD 139,653 compared to USD 9,753 a year ago. Net income was USD 112,594 compared to net loss of USD 18,927 a year ago. Basic earnings per share from continuing operations was USD 0.01. For the half year, total revenue was USD 895,909 compared to USD 603,693 a year ago. Operating income was USD 96,285 compared to operating loss of USD 56,949 a year ago. Net income was USD 41,259 compared to net loss of USD 115,697 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. 
