earnings
confidence high
sentiment positive
materiality 0.75
Alpine Income Property Trust Q1 FFO per share $0.49, up 16.7% YoY; revenue $10.8M, up 83%
Alpine Income Property Trust, Inc.
2022-Q1 EPS reported
$0.06
revenue$10,799,000
- FFO per diluted share $0.49, up 16.7% YoY; AFFO per share $0.48, up 9.1%.
- Total revenues $10.8M, up 83.3% YoY; net income $924k, up 80.8%.
- Acquired 16 net lease retail properties for $65.5M at 6.9% weighted avg cap rate.
- Paid Q1 dividend $0.27/share, up 12.5% YoY (annualized yield 5.6%).
- Exercised accordion on term loans for $60M, used to pay down revolver; sold office property for $38.8M (gain $7.0M).