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Mar 31, 2022
Alpine Income Property Trust Q1 2022 Earnings Report
Announced first quarter 2022 operating results.
Key Takeaways
Alpine Income Property Trust reported a strong start to 2022, highlighted by the sale of their last office property, shifting to a 100% retail portfolio, and acquiring $65.5 million in high-quality retail net lease properties.
Reported Net Income per diluted share attributable to the Company of $0.06 for the quarter ended March 31, 2022.
Reported FFO per diluted share of $0.49 for the quarter ended March 31, 2022, an increase of 16.7% from the comparable prior year period.
Reported AFFO per diluted share of $0.48 for the quarter ended March 31, 2022, an increase of 9.1% from the comparable prior year period.
Acquired 16 net lease retail properties during the first quarter of 2022 for total acquisition volume of $65.5 million, reflecting a weighted average going-in cash cap rate of 6.9%.
Alpine Income Property Trust
Alpine Income Property Trust
Alpine Income Property Trust Revenue by Geographic Location
Revenue by Geographic Location
Florida Revenue
CapyFin.comNew Jersey Revenue
CapyFin.comNew York Revenue
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CapyFin.comKansas Revenue
CapyFin.com Forward Guidance
The Company has increased its outlook for 2022 to take into account the Company’s first quarter performance and revised expectations regarding the Company’s investment activities and forecasted capital markets transactions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income