Zoned Properties Posts 28% Revenue Growth In Q3, Successfully Builds Professional Team

real estate development firm Zoned Properties, Inc. (OTCQB: ZDPY) announced its financial results for the three and nine months ended Sept. 30, reporting that its revenue increased by 28% year-over-year to $387,365 in the third quarter.

The company attributed the revenue growth to an increase in rent revenues from the Significant Tenants of $29,780 and an increase in brokerage revenues of $69,500.

For the nine months ended Sept. 30, revenue rose by 41.6%, compared to the corresponding period of 2020.

“Our value proposition and business thesis at Zoned Properties, which is centrally focused on real estate development in the regulated space, has never been stronger,” Bryan McLaren, the company’s CEO said. “We continue to strengthen our team of subject-matter experts who know how to navigate the complexity of real estate and deliver tangible value for our company and our clients across the county.”

Q3 2021 Financial Highlights

  • Operating expenses increased 77% to $440,816 compared to $249,021 …

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