earnings
confidence high
sentiment positive
materiality 0.65
Alpine Income Property Trust Q3: FFO $0.40, AFFO $0.42, net income $0.72; dividend $0.275
Alpine Income Property Trust, Inc.
2022-Q3 EPS reported
$1.84
revenue$33,608,000
- Net income per diluted share $0.72 vs $0.07 prior year; total revenues $11.5M, up 41.1%.
- FFO per share $0.40 (+8.1% YoY); AFFO per share $0.42 (+13.5% YoY).
- Acquired $36.7M in retail net lease properties (7.1% cap rate); sold $50.5M (5.5% cap rate), gains $11.6M.
- Expanded credit facility to $250M, maturity extended to Jan 2027; quarterly dividend increased 7.8% to $0.275.
- Portfolio remains 100% occupied; CEO cites solid execution and opportunistic outlook.