Alpine Income Property Trust reports Q1 net loss of $0.02 per share; FFO up 13.9%

Alpine Income Property Trust, Inc.

2024-Q1 EPS reported -$0.02 revenue$12,466,000

Net loss attributable to PINE of $260k ($0.02 diluted per share) vs prior-year profit of $3.3M ($0.21).
FFO per diluted share $0.41 (+13.9% YoY); AFFO $0.42 (+16.7% YoY).
Total revenue $12.5M (+11.7% YoY) driven by portfolio growth.
Originated $7.2M first mortgage at 11.3% yield; $3.6M funded in Q1.
Quarterly dividend maintained at $0.275 per share; no change.

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 ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On April 18, 2024, 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 ended March 31, 2024.

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Alpine Income Property Trust, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-005307

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