Alpine Income Property Trust Q4 2021 net income $0.64/share; revenue up 75.9% YoY

Alpine Income Property Trust, Inc.

2021-FY EPS reported $0.89 revenue$30,128,000

Q4 2021 net income per diluted share $0.64; FFO per share $0.42; AFFO per share $0.41.
Total revenues $9.47M in Q4, up 75.9% YoY from $5.39M.
Acquired 26 net lease retail properties for $101.6M at 6.2% cap rate in Q4.
Quarterly dividend raised to $0.27/share, up 5.9% from prior quarter and 22.7% YoY.
Full year 2021: net income $0.89/diluted share; acquisitions totaled $260.3M.

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