Alpine Q2 net income $0.01/sh; FFO $0.37 down 21%; acquires $60.5M properties

Alpine Income Property Trust, Inc.

2023-Q2 EPS reported $0.22 revenue$22,605,000

Net income per diluted share $0.01 vs $1.05 YoY; FFO per share $0.37 down 21.3%.
Total revenues $11.44M, up 1.4% YoY; AFFO per share $0.37, also down 21.3%.
Acquired 9 retail properties for $60.5M at 6.8% cap rate; sold 4 for $22.9M.
Investment grade tenant exposure rose to 63% from 48% YoY.
Board approved $15M stock repurchase program; quarterly dividend raised to $0.275/sh (1.9% increase).

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 the quarter ended June 30, 2023 results: revenue $ 11,439, net income $ 90, EPS $ 0.01.

Period: the quarter ended June 30, 2023
Revenue: $ 11,439
Net income: $ 90
EPS: $ 0.01
Result: reported results

Exact text from the filing

Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Variance to Comparable Period in the Prior Year Total Revenues $ 11,439 $ 11,280 $ 159 1.4% Net Income $ 90 $ 16,336 $ (16,246) (99.4%) Net Income Attributable to PINE $ 80 $ 14,282 $ (14,202) (99.4%) Net Income per Diluted Share Attributable to PINE $ 0.01 $ 1.05 $ (1.04) (99.1%)

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Alpine Income Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-012015

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