Zoned Properties, Inc., a pioneering company in property investment focused on the cannabis industry, announced impressive financial results for the fiscal year 2024, reflecting a remarkable turnaround and significant growth potential.
On March 25, 2025, Zoned Properties (OTCQB: ZDPY) reported that its total revenues for the year ending December 31, 2024, rose to $3,793,289, marking a 31% increase compared to the previous year’s total of $2,886,991. The company also posted a net income of $573,958, significantly improving from a net loss of $540,258 in 2023, a staggering 206% increase.
The impressive results stem from an income from operations which reached $1,103,170, a 552% increase over the prior year. Additionally, cash generated from operating activities increased massively by 600%, bringing the total to $578,218 in 2024 compared to $82,547 in 2023. Operating expenses were reduced slightly by 1% to $2,690,119, while at the end of December 2024, the company held $1,019,980 in cash, down from $3,099,795 in the previous year, primarily due to funds allocated for property acquisitions.
Zooming into the fourth quarter alone, the company continued its upward trajectory with total revenues of $1,234,281, representing a 75% increase from $705,900 in Q4 of the previous year. Net income for this quarter was $450,896, up 216% from a net loss of $387,292 in Q4 2023. Income from operations for the same quarter surged by 442% to $425,935.
In addition to the excellent financial results, Zoned Properties announced its plans to explore strategic opportunities for expanding its AI-powered real estate technology platform, REZONE, which utilizes machine learning algorithms to enhance real estate data management and zoning insights.
The company aims to unlock value for shareholders by evaluating potential partnerships with third-party technology platforms and expanding the REZONE platform’s applications within the regulated cannabis sector and other industries. Bryan McLaren, the CEO of Zoned Properties, expressed, “Our robust financial performance in 2024 in the midst of a challenged operating environment is a testament to the dedication and expertise of our team.”
Furthermore, McLaren highlighted the ongoing mismatch between the current market valuation and the actual value of their real estate assets, stating that the company is actively utilizing its share repurchase program to enhance shareholder value. As part of this strategic vision, Zoned Properties continues its previously announced share repurchase program, which allows for repurchases of up to $1 million of its stocks.
Zoned Properties is committed to redefining commercial real estate investment strategies, especially in the context of the modern cannabis market. Operating from its headquarters in Scottsdale, Arizona, the company focuses on acquiring value-add properties that can face specific zoning or development challenges and aims to lease them to top-tier cannabis retailers.
With a proven history and a dedicated team experienced in navigating the complexities of the cannabis industry, Zoned Properties has positioned itself well for growth in the rapidly evolving market. The company’s focus on PropTech innovations is seen as a critical factor for scalable growth and optimal performance in the future.
Overall, as Zoned Properties moves forward into 2025, it aims not only to continue its positive financial trajectory but also to capitalize on technological advancements in its operations, thus promising valuable prospects for its stakeholders.
