Alpine Income Property Trust Q2 FFO per share $0.43 (+16% YoY); raises full-year guidance

Alpine Income Property Trust, Inc.

2024-Q2 EPS reported $0.01 revenue$24,956,000

FFO per diluted share $0.43, up 16.2% YoY; AFFO also $0.43 per share.
Total revenues $12.5M (+10.1% YoY); net income $222K (+146.7%).
Acquired $14.6M retail property 100% leased to investment-grade tenants.
Raised full-year 2024 FFO guidance to $1.58-$1.62 per share (midpoint +4.2%).
Dividend maintained at $0.275/share; annualized yield 6.5%.

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