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Alpine Income Property Trust Q1 2025 Earnings Report
Alpine Income Property Trust reported its operating results and earnings for the first quarter ended March 31, 2025, showing increased total revenues and improved FFO and AFFO per diluted share compared to the prior year.
Key Takeaways
Alpine Income Property Trust reported total revenues of $14.21 million for Q1 2025, an increase from $12.47 million in Q1 2024. The company posted a net loss of $(1.18) million, or $(0.08) per diluted share, but saw FFO per diluted share rise to $0.44 and AFFO per diluted share to $0.44. The company completed investments totaling $79.2 million at a weighted average initial cash yield of 9.0%.
Total revenues increased to $14.21 million in Q1 2025 from $12.47 million in Q1 2024.
FFO per diluted share improved to $0.44 in Q1 2025 from $0.41 in Q1 2024.
AFFO per diluted share improved to $0.44 in Q1 2025 from $0.42 in Q1 2024.
The company completed $79.2 million in investments at a weighted average initial cash yield of 9.0%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Alpine Income Property Trust is increasing its FFO, AFFO, and Investments outlook for 2025, reflecting strong year-to-date performance and continued confidence in its property portfolio and investment strategy.
Positive Outlook
- Increased Investments outlook for 2025 to a range of $70 million to $100 million.
- Increased FFO per Diluted Share outlook for 2025 to a range of $1.74 to $1.77.
- Increased AFFO per Diluted Share outlook for 2025 to a range of $1.74 to $1.77.
- The company's property portfolio with a weighted average remaining lease term of 9.0 years is expected to support strong results.
- Ability to successfully source and close attractive investments, as demonstrated by Q1 2025 performance.
Challenges Ahead
- Dispositions outlook for 2025 is set at $50 million to $70 million, indicating some asset sales.
- Weighted Average Diluted Shares Outstanding are projected to decrease by 0.5 million, which could impact per-share metrics.
- The outlook is subject to risks and uncertainties, including capital market conditions and economic factors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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