PINE Q4 2022 FFO $0.37/share (-11.9% YoY), AFFO flat at $0.41; total revenues +22.4%

Alpine Income Property Trust, Inc.

2022-FY EPS reported $2.17 revenue$45,203,000

Q4 net income $4.86M ($0.34/share) vs $8.30M ($0.64) in prior year; decline from lower property sale gains.
Q4 AFFO $5.76M ($0.41/share) vs $5.37M ($0.41); FFO $5.30M ($0.37) vs $5.44M ($0.42).
Acquired 7 net lease properties for $41.7M at 7.4% cap; sold 5 for $31.4M at 6.5% cap, gains $6.6M.
FY2022 acquired 51 properties for $187.4M at 7.1% cap; sold 16 for $154.6M at 6.5% cap, gains $33.8M.
Investment-grade tenant exposure rose to 54% (from 45%); annual dividend raised 7.4% to $1.09/share.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Alpine Income Property Trust, Inc. reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 9, 2023, Alpine Income Property Trust, Inc., a Maryland corporation (the "Company"), issued an earnings press release and an investor presentation relating to the Company’s financial results for the quarter and year ended December 31, 2022.

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Alpine Income Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-001072

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