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MARKETS / BALCAO / Real estate / Commercial buildings / ZDPY
BALCAO · OPEATORS OF NONRESIDENTIAL BUILDINGS · SMALL CAP

Zoned Properties, Inc. ZDPY

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.1M
▲ 9.2% YoY
$-2.9M
▼ 597.3% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Zoned Properties is a technology-driven property investment company focused on acquiring value-added real estate within the regulated cannabis industry in the United States. The Company operates in two organized segments; (1) the operations, leasing and management of its commercial properties, herein known as the “Property Investment Portfolio” segment, and (2) the advisory, brokerage and technology services related to commercial properties related to commercial properties, herein known as the “Real Estate Services” segment. The Company does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the “CSA”). Zoned Properties corporate headquarters are located at 8360 E. Raintree Dr., Suite 230, Scottsdale, Arizona. The Company also maintains a 50% equity interest in two joint ventures which are inactive as of December 31, 2025.

Written from the business description in Zoned Properties, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 1 April 2026. Every sentence was checked against that document before publication.

Growth

USD 4.1M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 4.1 · Net income -2.9
1.5M3.0M-2.5M-5.0M
201020152018202120242025
Compound annual growth
+15.9%
+27.8%
+11.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +27.8% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−69 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -45.5% · Net -68.9%
-500%-1000%
201020182025
ROE
FY2025 · ROE -63.9%
-200%-400%
201020182025
Three returns, three denominators.
Return on capital employedNot available: we don't have total assets or current liabilities for this period.
Gross margin·
Operating margin-45.5%
Net margin-68.9%
EBITDA·

Each USD of equity lost 64 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $
FY2024 · FCF 571738.0
400000800000-400000-800000
201020182025
Net buybacks $ Dividends $
FY2015 · Dividends · · Net buybacks -997750.0
-400000-800000
2015
Dividends paid·
Net buybacks·
Share of profit·
Consecutive raises·

Total assetsUSD 13.9M
EquityUSD 3.1M
CashUSD 837,767.00
Gross debtUSD 7.7M
Net debtUSD 6.9M
DepositsUSD 339,471.00

Net debt stands at 223% of equity.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ZDPY, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.0◌0.0
Operating income $B−0.00.00.0−0.00.00.00.0−0.00.0−0.0−0.0−0.0−0.00.0
EBITDA $B◌◌0.00.00.00.00.0−0.00.0−0.0−0.0−0.0◌◌
Income tax $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Net income $B−0.00.0−0.0−0.0−0.0−0.0−0.0−0.00.0−0.0−0.0−0.00.0−0.0
Free cash flow $B◌0.00.00.00.00.0◌−0.00.0−0.0−0.0−0.0◌◌
EPS, diluted $−0.240.06−0.04−0.05−0.01−0.010.00−0.120.07−0.03−0.08−0.720.64−0.86
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————
ROE %−63.910.3−9.9−9.9−2.8−1.3−0.2−29.519.7−8.4−22.2−86.8—−439.2
Shares out B0.010.010.010.010.010.010.010.020.020.020.020.020.000.00

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

Zoned Properties, Inc.vsBrookfield Corp.Same industry: Opeators of Nonresidential BuildingsZoned Properties, Inc.vsMays J W Inc.Same industry: Opeators of Nonresidential BuildingsZoned Properties, Inc.vsTrinity Place Holdings Inc.Same industry: Opeators of Nonresidential BuildingsZoned Properties, Inc.vsAwaysis Capital, Inc.Same industry: Opeators of Nonresidential Buildings
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Provenance

Company facts, as filed

How we verify · 0 failures in 40 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. Three checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: EPS is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityOpeators of Nonresidential Buildings
Listed onOTC market
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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