09:25 AM EST, 02/18/2025 (MT Newswires) -- Generation Income Properties ( GIPR ) shares were up before Tuesday's opening bell after shareholder Resurgent Realty Trust said it has made a non-binding offer to buy a 51% stake in the company at $3 per share.

Resurgent said it "believes significant, unrealized value exists" in the company, which is "currently being squandered by management." The shareholder said it is looking to acquire a majority stake in order to implement changes in the board, senior management and in the overall strategic direction of the company.

Generation Income didn't immediately respond to a request for comment by MT Newswires.