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Mar 31, 2023
Alpine Income Property Trust Q1 2023 Earnings Report
Alpine Income Property Trust reported its operating results for Q1 2023.
Key Takeaways
Alpine Income Property Trust reported a net income of $3.339 million, or $0.21 per diluted share, for the quarter ended March 31, 2023. The company sold 10 net lease properties for $56.2 million, generating gains of $4.5 million. Investment grade-rated tenant exposure increased to 58%.
Net Income per diluted share attributable to the Company was $0.21.
FFO per diluted share was $0.36, a decrease of 26.5% from the prior year period.
AFFO per diluted share was $0.36, a decrease of 25.0% from the prior year period.
Sold 10 net lease properties for $56.2 million, generating gains of $4.5 million.
Revenue by Geographic Location
Forward Guidance
The Company has revised its outlook for 2023 to take into account the Company’s first quarter performance and amended expectations regarding the Company’s investment activities and forecasted capital markets transactions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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