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Mar 31, 2024
Alpine Income Property Trust Q1 2024 Earnings Report
Operating results for Q1 2024 were announced.
Key Takeaways
Alpine Income Property Trust reported its Q1 2024 results, which included a net loss per diluted share of ($0.02), FFO per diluted share of $0.41 (up 13.9% year-over-year), and AFFO per diluted share of $0.42 (up 16.7% year-over-year). The company originated one first mortgage investment with a total funding commitment of $7.2 million, of which $3.6 million was funded during the quarter at an initial yield of 11.3%.
Net Loss per diluted share attributable to the Company was ($0.02).
FFO per diluted share was $0.41, an increase of 13.9% from the comparable prior year period.
AFFO per diluted share was $0.42, an increase of 16.7% from the comparable prior year period.
Originated one first mortgage investment with a total funding commitment of $7.2 million, of which $3.6 million was funded during the quarter at an initial yield of 11.3%.
Alpine Income Property Trust
Alpine Income Property Trust
Forward Guidance
The Company is maintaining its outlook for 2024 which assumes stable or improving economic activity, strong underlying business trends related to each of our tenants and other significant assumptions.