ZDPYOTCOpeators of Nonresidential BuildingsUS GAAP · USD

Zoned Properties, Inc.

Zoned Properties, Inc. is a U.S.-based real estate company focused on acquiring, developing, leasing, and managing commercial properties used by licensed cannabis operators. The company also provides real estate advisory, brokerage, and technology services tied to regulated cannabis real estate, with its headquarters in Scottsdale, Arizona.

Kysy yhtiöstä
Liikevaihto4,1milj. USD
+9,2 %v/v
Liikevoitto (EBIT)−1,9milj. USD
−270,9 %v/v
EBIT-marginaali−45,5%
−74,6 %-yks.v/v
Nettotulos−2,9milj. USD
−597,3 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−20246milj. USD2020: 1,2 milj. USD2020: EBIT 0,04 milj. USD20202021: 1,8 milj. USD2021: EBIT 0,04 milj. USD20212022: 2,7 milj. USD2022: EBIT −0,11 milj. USD20222023: 2,9 milj. USD2023: EBIT 0,17 milj. USD20232024: 3,8 milj. USD2024: EBIT 1,1 milj. USD20242025: 4,1 milj. USD2025: EBIT −1,9 milj. USD20254,1−1,9
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Property Investment Portfolio79 %

Owned and leased commercial properties used by regulated cannabis tenants.

Real Estate Services21 %

Advisory, brokerage, commissions, and assignment fees related to cannabis real estate.

Tuotteet

Raportoitu · osuus liikevaihdosta
74,4%25,6%FY2025100 %
  • Property Investment Portfolio74,4 %
  • Real Estate Services25,6 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Zoned Properties serves licensed and regulated cannabis operators that need compliant retail, cultivation, processing, or future dispensary sites. It also serves property owners, investors, and market participants who use its advisory and brokerage services for cannabis-related commercial real estate transactions.

Licensed cannabis retailers

Lease dispensary properties in regulated markets because compliant retail sites are scarce and valuable.

Cannabis cultivation and processing operators

Lease specialized facilities for cultivation and processing where zoning and permitting are required.

Medical and adult-use dispensary developers

Use future-dispensary sites and development expertise to secure regulated retail locations.

Real estate advisory and brokerage clients

Buy advisory, commission, and assignment services for cannabis-related property transactions.

Strategia

Zoned Properties focuses on acquiring value-add commercial real estate in regulated cannabis markets and securing long-term absolute-net leases with licensed tenants. Its strategy emphasizes direct-to-consumer properties in state markets with strong cannabis demand, while using advisory and brokerage capabilities to support the broader real estate platform.

Expand the regulated cannabis property portfolioKeskipitkä aikaväli

More leased sites can increase recurring rental exposure in compliant markets.

Concentrate on direct-to-consumer retail real estateKeskipitkä aikaväli

Retail sites can be more strategically valuable than legacy cultivation assets.

Grow real estate services alongside owned assetsLyhyt aikaväli

Advisory and brokerage services diversify revenue beyond rental income.

Evaluate legacy cultivation properties for capital recyclingKeskipitkä aikaväli

Selling or leveraging non-core assets can free capital for new investments.

Maantiede

The company is focused on the United States, where regulated cannabis real estate is governed by state and local zoning rules. Its portfolio includes properties in markets such as Chicago, Illinois and Surprise, Arizona, and it targets state markets with established cannabis consumer demand and permitting frameworks.

Riskit

The business depends on cannabis regulation, zoning approvals, and tenant compliance, so changes in state or local rules can affect occupancy and property value. It also faces real estate-specific risks such as tenant concentration, lease rollover, property impairment, and valuation uncertainty, while its smaller scale can amplify financing and execution risk.

Järjestetty vakavuuden mukaan
Cannabis regulatory and zoning dependenceKorkea

Properties are valuable only if local rules allow cannabis use and leasing.

KohdistuuLicensed dispensaryCultivationProcessing sites
Tenant and lease concentrationKorkea

Rental income depends on a limited number of regulated cannabis tenants.

Kohdistuu: Seven-property portfolio

Property impairment and valuation riskKeskitaso

Commercial real estate values can change with market demand, zoning, and tenant quality.

Kohdistuu: Owned rental properties

Interest rate and derivative exposureKeskitaso

Debt and hedging costs can affect cash flow and reported fair values.

Kohdistuu: Interest rate swap agreement

Kirjanpito

Harkinnanvaraiset erät
Rental property impairment

Owned properties must be tested for recoverability when market or tenant conditions change.

Vaikutus: Can reduce asset values and create non-cash charges

Allowance for accounts receivable

Advisory and rental receivables require judgment about collectability.

Vaikutus: Affects net revenue and working capital

Interest rate swap fair value

Derivative gains and losses are marked to market each period.

Vaikutus: Can create earnings volatility

Equity transaction valuation

Valuation of equity-based transactions can affect reported expenses and capital accounts.

Vaikutus: Impacts non-cash charges and equity balances

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Innovative Industrial Properties, Inc

IIPR · Real Estate

Orion Properties Inc.

ONL · Real Estate Investment Trusts

Glass House Brands Inc.

GLAS · Medicinal Chemicals & Botanical Products

Regional Health Properties, Inc

RHEPA · Lessors of Real Property, NEC

Cousins Properties Incorporated

CUZ · Real Estate Investment Trusts

Essential Properties Realty Trust, Inc

EPRT · Real Estate Investment Trusts

Päivitetty: 24.9.2026