Zoned Properties, Inc. (OTCQB:ZDPY)

Zoned Properties Inc (OTCQX:ZDPY) ($0.47; $5.7M market cap), announced Q3 2024 results:

• Sales of $1,029,630 vs $720,450 in the prior year
• Income from operations was $445,188 for the quarter ended September 30, 2024, compared to $49,112 for the quarter ended September 30, 2023, an increase of 806%.
• Net income of $58,872 vs loss of $309,648

"We are incredibly proud of our third quarter results, which resulted in record revenue, robust operating cash flow, and a continued ability to deliver profitability, all of which underscore the credibility of our business model. This forward momentum is a testament to our core team and the operating ecosystem we have created, supporting strong tenant diversification and attractive geographic expansion opportunities. With our focus on value-add direct-to-consumer properties, we are well-positioned to capture above average cap rates in high-growth markets. Our property investment pipeline remains strong as we continue to secure new locations, bolstered by our deep industry relationships and disciplined investment process. In line with our strategic capital allocation priorities, we have been actively executing our share repurchase program, reaffirming our confidence in the intrinsic value of our company and our assets compared to our market cap, reflecting our ongoing commitment to delivering shareholder value. We expect this share repurchase activity will continue as part of our opportunistic approach to managing capital," said Bryan McLaren, Chief Executive Officer of Zoned Properties.

Zoned Properties, Inc. is a commercial property, project development and management services company. The Company is engaged in identifying, developing and managing properties in industries, including the licensed medical marijuana industry

Zoned Properties Inc (OTCQX:ZDPY) ($0.45; $5.5M market cap), announced Q1 2024 results:

• Sales of $837,052 vs $688,024 in the prior year
• Net income of $96,473 vs loss of $309,648
• EPS of $0.01 vs a loss of $0.03
• Subsequent to quarter end, the Company announced the Board of Directors approved a stock repurchase program, pursuant to which the Company is authorized to purchase up to $1 million of its common stock over an unlimited time period.
• We continue to watch the company to see if they can maintain profitability. 
• Potential real estate asset sale that could yield ~$16 million could significantly accelerate the company’s business model.  

"Our team continues to execute despite a difficult operating climate in the cannabis industry, achieving very impressive financial and operational results. The transition to a direct-to-consumer property investment model was demonstrated by our first quarter results, which saw a revenue increase of 22%, positive net income, and significant operating cash flow growth, evidencing what we believe is Zoned Properties' firm trajectory of value generation and sustainable growth. In light of the discrepancy between our tangible book value and market capitalization, and our confidence in future growth, we are pleased to have initiated a share repurchase program to enhance shareholder value. Our capital allocation strategy will always be methodical and adaptable, and we think this is a great way to return capital to shareholders while progressing through our acquisition pipeline. A crucial element of our focused attention on direct-to-consumer real estate is the announcements related to our recent and upcoming acquisitions of significant dispensary assets with top-tier cannabis operators and the strategic listing of our non-core Chino Valley cultivation property for $16 million. This opens up the possibility of raising a sizable amount of non-dilutive capital, which would accelerate our growth initiatives significantly. Looking at the remainder of 2024, we are committed to our strategic growth path, with the expectation of continuing to post strong financial and operating results,"

ZDPY is a commercial property, project development and management services company for emerging industries, including the licensed medical marijuana industry.

Zoned Properties Inc (OTCQX:ZDPY) ($0.57; $7.0M market cap), announced a $1 million share repurchase program. This equates to 8.1% of all outstanding shares.

"As our business continues to outperform in a challenging overall operating environment, we are thrilled to announce this share repurchase program. The approval of this program demonstrates the management team's and board's confidence in our prospects for the future, ongoing operational strength, and sound capital structure. As we scale the investment portfolio, we are keeping conservative in our capital allocation strategy while also acknowledging the significant valuation gap between our public valuation and tangible book value. Due to this, it is crucial for us to be adaptable and make sure we are doing everything possible to increase shareholder value. As always, we remain committed to our strategic focus, and look forward to updating shareholders on our progress," said Bryan McLaren, Chief Executive Officer of Zoned Properties.

ZDPY is a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States.

Zoned Properties Inc (OTCQX:ZDPY) ($0.43; $5.2M market cap), announced that the Company has acquired an investment property in Chicago, Illinois and entered into a long-term, absolute-net lease agreement with Justice Cannabis Co.'s BLOC Dispensaries to operate a Retail Dispensary.

Transaction Highlights

• Zoned Properties has acquired a premier Investment Property in Chicago, Illinois that has been entitled and permitted as a cannabis retail dispensary.

• The Investment Property was acquired for approximately $1.6 million, including all closing costs and fees. The transaction also includes a commitment from the tenant's operating partner of up to $1 million for renovation and construction improvements.

• The Investment Property is leased to Justice Cannabis Co.'s BLOC Dispensaries under a long-term, absolute-net lease agreement, which will produce an approximate 16.5% Cap Rate when straight-lined over the 15-year term of the lease agreement. The lease includes 3% annual increases in base rent over the life of the lease term, yielding approximately $265,000 in annual base rental revenue when straight-lined over the life of the lease term.

Zoned Properties Inc (OTCQX:ZDPY) ($0.66; $8.0M market cap), a commercial property, project development and management services company for emerging industries, including the licensed medical marijuana industry announced Q2 2023 results:

• Sales of $772,617 vs $498,652 in the prior year
• Net income of $42,159 vs loss of $39,063

"With a full pipeline of acquisition prospects, a robust balance sheet, and a strategic capital allocation approach, we are incredibly enthusiastic about the growth opportunity for Zoned Properties. Given our line of sight on the properties we are pursuing, we anticipate capital deployment to be active for the remainder of the year," said Bryan McLaren, Chief Executive Officer of Zoned Properties.

"Moreover, as we look at our tangible book value, future growth prospects, and our current business in relation to our public valuation, we recognize the significant disconnect. Our leadership team is exploring all possible strategies to drive shareholder value, and we look forward to keeping shareholders apprised of our progress on a go-forward basis."

Zoned Properties Inc (OTCQX:ZDPY) ($0.65; $8.0M market cap), a commercial property, project development and management services company for emerging industries, including the licensed medical marijuana industry announced Q1 2023 results:

• Sales of $688,204 vs $938,701 in the prior year
• Loss of $309,648 vs loss of $25,696

“Our expansion strategies will continue to be guided by our emphasis on increasing cash-flow, innovation, and long-term value creation. We are well-positioned to take advantage of the significant opportunities being created as the cannabis industry continues to evolve," said Bryan McLaren, Chief Executive Officer of Zoned Properties. "The Company is currently working to further scale by exploring a number of investments in brand-new real estate acquisitions that are in various phases of development and underwriting in a number of new state markets. We will continue making use of our unique multi-divisional real estate services model to open up fresh, accretive acquisition and investment opportunities."

Zoned Properties Inc (OTCQX:ZDPY) ($0.70; $78.5M market cap), a commercial property, project development and management services company for emerging industries, including the licensed medical marijuana industry announced Q4 2022 results:

• Sales of $607,751 vs $535,345 in the prior year
• Loss of $220,000 vs loss of $111,000

“We believe that Zoned Properties is well positioned for strong growth and scalability as a result of the consistent, passive revenue that we derive from our property investment portfolio, as well as the clear roadmap that will allow us to expand into state-cannabis markets around the country. These opportunities for expansion are a direct result of our team's participation in hundreds of regulated projects across the nation. We were able to provide value for these projects because we have established a real estate ecosystem that provides a comprehensive selection of commercial real estate services. We would like to thank all of our shareholders, stakeholders, customers, and partners for putting their faith in Zoned Properties, and we will continue to work hard every day to create value."

We plan to invite the CEO back to a Management Morning Briefing (MMB) event to find out what is taking so long for the company to reach profitability.

Zoned Properties Inc (OTCQX:ZDPY), a commercial property, project development and management services company for emerging industries, including the licensed medical marijuana industry released a new investor presentation that provides a look at the company’s revenue projections out to 2025. 

Zoned Properties Inc (OTCQX:ZDPY) ($0.71; $8.7M market cap) a commercial property, project development and management services company for emerging industries, including the licensed medical marijuana industry announced Q2 2022 results:

• Sales of $498,652 vs $445,479 in the prior year
• Net loss of $39,063 vs net income of $112,594 in the prior year

“We believe we have developed the right business mix of real estate services to effectively scale Zoned Properties along with the needs of our target industries, primarily the regulated cannabis industry. Our full spectrum of real estate services have been intentionally positioned and designed to feed a strong pipeline of acquisition targets for our Investment Portfolio. Now we must execute on scaling both our active real estate services for the national marketplace and also buying power to expand our Investment Portfolio.”

Zoned Properties Inc (OTCQX:ZDPY), a commercial property, project development and management services company for emerging industries, including the licensed medical marijuana industry, announced it has secured a $4.5 million initial debt facility to acquire new properties to help facilitate future growth. 

“We plan to utilize raised capital to invest in and acquire projects, which we are already in the underwriting and review stages,” said Dan Gauthier, Chief Legal Officer for Zoned Properties. “The Company’s newly formed Zoned Investment Committee has recruited underwriting expertise that we believe can help accelerate and improve our acquisition process. The Company has a growing pipeline of prospective property investment projects across the country. As we focus in on national expansion for our commercial real estate model, we believe the acquisition of new property investments into our portfolio will continue to fortify the Company for many future years of growth.”

Zoned Properties Inc (OTCQX:ZDPY) ($0.82; $10.0M market cap), a commercial property, project development and management services company for emerging industries including the licensed medical marijuana industry announced Q3 2021 results:

• Revenue increased 28% to $387,365 for the third quarter of 2021, compared to $302,772 for the third quarter of 2020.

• Net loss was $(95,495), or $(0.01) per basic share and diluted share, for the third quarter of 2021, compared to net income of $25,089, or $0.00 per basic and diluted share, for the third quarter of 2020.

“Our value proposition and business thesis at Zoned Properties, which is centrally focused on real estate development in the regulated cannabis space, has never been stronger. We continue to strengthen our team of subject-matter experts who know how to navigate the complexity of cannabis real estate and deliver tangible value for our company and our clients across the county,” commented Bryan McLaren, Chief Executive Officer of Zoned Properties. “We have successfully positioned the Company with a debt-free, cash-flowing portfolio of expanding properties that can support innovative and scalable growth for the future of the Company. One of the final puzzle pieces that will shape the future of Zoned Properties will be confirming long-term capital partners who understand our mission, vision, and capital opportunities we’ve spent years creating to build value for investors, shareholders, and stakeholders.”

Zoned Properties Inc (OTCQX:ZDPY) today announced full year 2017 financial results.

• Revenue increased 14% to $2.1 million, compared to $1.9 million for the full-year 2016.

• Operating expenses decreased 33% to $1.4 million, down from $2.1 million for the full-year 2016.

• Inclusive of the one-time gain of approximately $832,000 on the sale of a property in Tempe, AZ. recognized in the first quarter of 2017, net income was $1.4 million, or $0.07 per basic and diluted share, compared to a net loss of $(502,000), or $(0.03) per basic and diluted share, for the full-year 2016.

• Net cash provided by operating activities was $54,000 for the full-year 2017 compared to net cash used in operating activities of $3,100 for the full-year 2016.

The company also issued a shareholder letter that touches upon the company’s mission and strategic objectives, financial accomplishments, capital allocation, and strategic advisory services and partnerships.

Of particular note are CEO Bryan McLaren's comments on the company's financial accomplishments:

“We have established long-term streams of cash flow from our primary rental properties with lease agreements in place that are designed to increase rental revenue over time. The structure of the lease agreements provides revenue and cash flow predictability and stability that allows us to create and execute our growth agenda with a higher degree of certainty. Recurring revenues and cash flow serve as buffers for income volatility resulting from investments we expect to make to grow recurring revenue.

In a short period of time for a small business, Zoned Properties has delivered net income and positive cash from operations. Our net income is derived from a base of long-term, recurring revenue with built-in rent escalators, and we expect to deliver increasing levels of profitability going forward. I cannot emphasize enough how valuable this is both for mitigating risk and for the long-term prospects of our business. Earnings and positive cash flow enable us to make the decisions and pursue the projects that will be most meaningful to shareholder returns and the financial condition and future of the company.

The strength of our balance sheet is unquestionable given the low debt-to-total capital ratio (21% as of December 31, 2017), cash on hand of $824,000 as of year-end, and an increasing return on rental property assets that directly generate cash. Our strong balance sheet, which has been built on the efficient management of an enviable portfolio of properties, is a differentiator for us in the marketplace. It also enables the selective pursuit of projects that we believe will be most meaningful to our business, provide the greatest opportunities for financial returns, and enable us to maintain cap rates that are highly competitive.

Zoned Properties is a member of Executive Casts, a platform currently hosted on GeoInvesting as an additional outreach tool for small and microcap companies to supplement their communications to shareholders on a more intimate basis.

You can see all of ZDPY’s segments here.

SCOTTSDALE, Ariz., March 31, 2014 /PRNewswire/ -- Zoned Properties, Inc. (OTC: ZDPY) http://www.zonedproperties.com, a lessor of land, facilities, and equipment to the medical marijuana industry announced that after careful consideration, the board has recommended that Marc Brannigan should step down as acting CEO and board member of the company. As such, effective immediately, Marc Brannigan has resigned as the company's CEO.

Zoned Properties, Inc. V.P. of Operations and Chief Sustainability Officer, Bryan McLaren, will serve as the company's interim CEO as the organization pursues its search for a permanent CEO.

Outgoing CEO Marc Brannigan has stated: "As this venture began, I previously stated that my position as CEO would be for a limited period of time and that more seasoned executives would have to take this company to the next level. Things are moving very fast at the company and it's now the perfect time for me to step down. The company has surrounded itself with very professional and competent people that will drive Zoned Properties to achieve its goals and create maximum shareholder value. I applaud this move as it's within the best interest of the company."

Interim CEO Bryan McLaren commented: "I would like to thank Mr. Brannigan for the work he has done as the founder of this organization. I wish him the best of luck as he pursues other ventures and am very excited to move into the next phase of our development."

Zoned Properties, Inc. expects to name new board members shortly who will assist Mr. McLaren in the pursuit to find the company's permanent CEO.

About Zoned Properties, Inc. (OTCPink: ZDPY):

Zoned Properties, Inc. is a strategic real estate investment firm whose primary focus is acquiring commercial properties that face unique zoning challenges. Zoned Properties, Inc. will acquire commercial properties zoned within a variety of usage types such as industrial, agricultural, as well as mixed use. Zoned Properties, Inc. also targets commercial properties that can be acquired and potentially re-zoned for specific purposes.