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Sep 30, 2023
Alpine Income Property Trust Q3 2023 Earnings Report
Alpine Income Property Trust's operating results for Q3 2023 were announced, revealing a net loss per diluted share of ($0.05), FFO per diluted share of $0.37, and AFFO per diluted share of $0.38.
Key Takeaways
Alpine Income Property Trust reported a net loss per diluted share of ($0.05) for Q3 2023. The company acquired three retail net lease properties for $19.4 million and sold eight retail net lease properties for $20.6 million. Investment grade-rated tenant exposure increased to 64%.
Net Loss per diluted share attributable to the Company was ($0.05).
FFO per diluted share was $0.37, a decrease of 7.5% from the prior year period.
AFFO per diluted share was $0.38, a decrease of 9.5% from the prior year period.
Acquired three retail net lease retail properties for $19.4 million with a weighted average going-in cash cap rate of 9.0%.
Forward Guidance
The Company has revised its outlook for 2023 to take into account the Company’s year-to-date performance and revised expectations regarding the Company’s investment activities, forecasted capital markets transactions, and other significant assumptions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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