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Jun 30, 2021
Alpine Income Property Trust Q2 2021 Earnings Report
Alpine Income Property Trust reported operating results for the second quarter of 2021.
Key Takeaways
Alpine Income Property Trust reported a strong second quarter in 2021, marked by significant acquisition volume and solid financial performance. The company acquired 18 net lease properties for $81.3 million and reported net income per diluted share of $0.03, FFO per diluted share of $0.38, and AFFO per diluted share of $0.39.
Net Income per diluted share attributable to the Company was $0.03.
FFO per diluted share was $0.38, an increase of 31.0% from the prior year period.
AFFO per diluted share was $0.39, an increase of 143.8% from the prior year period.
The Company acquired 18 net lease properties for a total of $81.3 million with a weighted-average going-in cash cap rate of 7.3%.
Revenue by Geographic Location
Forward Guidance
The Company has revised its outlook for 2021 to take into account the Company’s second quarter performance and the expected impact of the Company’s various investment activities and capital markets transactions, including the additional common share and OP Unit issuances.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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