earnings
confidence high
sentiment positive
materiality 0.75
Alpine Q2 FFO $0.38 (+31% YoY); acquires $81.3M in assets
Alpine Income Property Trust, Inc.
2021-Q3 EPS reported
$0.08
revenue$12,487,000
- Net income $0.03 diluted EPS flat; FFO $0.38 (+31%), AFFO $0.39 (+144%).
- Total revenues $6.6M (+43.7% YoY); net income $346K (+24%).
- Acquired 18 net-lease properties for $81.3M at weighted-average 7.3% cap rate.
- Completed $54.3M follow-on offering (3.22M shares at $17.80) and $8.0M OP unit issuance.
- Dividend raised 25% to $0.25/share; future dividend declaration moved to end of second month of quarter.