Generation Income shares surge 22.80% premarket after selling assets in Colorado and Florida to retire debt.

Generation Income surged 22.80% in premarket trading following the announcement that Generation Income Properties sold fully leased assets in Colorado and Florida, raising approximately $11.7 million. The proceeds are expected to be used primarily to retire debt, signaling improved financial flexibility and reducing leverage. This asset divestiture and debt repayment strategy likely enhanced investor confidence, driving the sharp premarket rally.