earnings
confidence high
sentiment neutral
materiality 0.70
Alpine Income Property Trust Q2 net loss $1.6M; FFO per share $0.44, up YoY; capital recycling and buyback
Alpine Income Property Trust, Inc.
2025-Q2 EPS reported
-$0.20
revenue$29,069,000
- Total revenues $14.9M (up 19% YoY) but net loss attributable to PINE of $(1.6M) vs net income $0.2M in Q2 2024.
- FFO per diluted share $0.44 (up from $0.43) and AFFO per share $0.44 (up from $0.43) for the quarter.
- H1 2025: invested $85.9M at 9.1% initial cash yield, sold $28.2M at 8.4% yield; reduced Walgreens to 5th largest tenant.
- Year to date repurchased 546,390 common shares for net cost of $8.8M.
- Portfolio weighted-average lease term extended to 8.9 years from 6.6 a year ago; 51% of ABR from investment-grade tenants.
item 2.02item 7.01item 9.01