Alpine Income Property Trust

Oct 21, 2021

•

Sep 30, 2021

Alpine Income Property Trust Q3 2021 Earnings Report

Alpine Income Property Trust reported its third quarter results, demonstrating growth through strategic acquisitions and portfolio management.

Key Takeaways

Alpine Income Property Trust reported a solid third quarter with increased revenue and net income. The company strategically acquired 19 net lease properties and sold one property, enhancing its portfolio. They also managed to raise the dividend and are expecting to raise the AFFO guidance by 5%.

Net Income per diluted share attributable to the Company was $0.07.

FFO per diluted share was $0.37, an increase of 5.7% from the prior year period.

AFFO per diluted share was $0.37, an increase of 8.8% from the prior year period.

Acquired 19 net lease properties for $55.4 million with a weighted-average going-in cash cap rate of 6.8%.

Weighted Average Remaining Lease Term

7.8

Gross Profit

$7.26M

Previous year: $4.55M

+59.6%

Cash and Equivalents

$6.71M

Previous year: $1.89M