PINE reports Q4 2023 FFO $0.37/share, AFFO $0.38; net income down 93% YoY on lower gains

Alpine Income Property Trust, Inc.

2023-FY EPS reported $0.19 revenue$45,644,000

Q4 2023 FFO $0.37 per share (flat YoY); AFFO $0.38 per share (down $0.03 YoY).
Q4 net income $0.02 per diluted share, down from $0.34 YoY due to lower disposition gains.
Full year 2023 FFO $1.47, AFFO $1.49 per diluted share; dividend $1.10 fully covered.
Acquired 14 properties for $82.9M at 7.4% cap rate; originated $38.6M first mortgage commitments at 9.1% yield.
Repurchased 899K shares at $16.23 avg price ($14.6M); investment grade tenant exposure rose to 65% from 54%.

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 for the year ended December 31, 2023 results: net income $0.19 per diluted share attributable to the Company.

Period: for the year ended December 31, 2023
Net income: $0.19 per diluted share attributable to the Company
Result: reported results

Exact text from the filing

Reported Net Income per diluted share attributable to the Company of $0.19 for the year ended December 31, 2023.

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Alpine Income Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-000898

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