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Sep 30
Alpine Income Property Trust Q3 2025 Earnings Report
Alpine Income Property Trust reported its operating and financial results for the third quarter of 2025, raising its full-year 2025 outlook and increasing investment guidance.
Key Takeaways
Alpine Income Property Trust delivered a strong third quarter in 2025, marked by robust operational results, significant property transactions, and loan investments. The company reported total revenues of $14.563 million, a net loss of $1.310 million, and diluted EPS of -$0.09. Despite the net loss, FFO per diluted share increased to $0.46 and AFFO per diluted share also rose to $0.46. The company successfully recycled properties to manage tenant credit, with investment-grade rated tenants now accounting for 48% of its ABR. Alpine also raised its full-year 2025 FFO and AFFO per share guidance and increased its investment guidance to $200-$230 million.
Total revenues for Q3 2025 increased to $14.563 million from $13.480 million in Q3 2024.
The company reported a net loss of $1.310 million, or -$0.09 per diluted share, compared to a net income of $3.080 million, or $0.21 per diluted share, in Q3 2024.
FFO per diluted share grew to $0.46 from $0.45 in Q3 2024, and AFFO per diluted share increased to $0.46 from $0.44 in Q3 2024.
Alpine Income Property Trust raised its full-year 2025 FFO and AFFO per share guidance to $1.82 to $1.85 and increased its investment guidance to $200-$230 million.
Alpine Income Property Trust
Alpine Income Property Trust
Alpine Income Property Trust Revenue by Segment
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CapyFin.com Forward Guidance
Alpine Income Property Trust has raised its full-year 2025 FFO and AFFO per share guidance to $1.82 to $1.85, based on approximately 15.5 million weighted average diluted shares outstanding. The company also increased its total investment guidance for 2025 to $200 million to $230 million, while disposition guidance remains unchanged at $50 million to $70 million.
Positive Outlook
- Increased full-year 2025 FFO per diluted share guidance to $1.82 - $1.85.
- Increased full-year 2025 AFFO per diluted share guidance to $1.82 - $1.85.
- Raised 2025 total investment guidance to $200 million - $230 million.
- Strong investment activity with $49.720 million in Q3 2025 and $135.601 million year-to-date.
- Subsequent to quarter-end, acquired a four-property portfolio for $3.8 million and originated new mortgage loans.
Challenges Ahead
- Net loss per diluted share is projected to be between -$0.22 and -$0.19 for the full year 2025.
- The outlook is based on assumptions subject to change and outside the company's control.
- The revised outlook excludes projections related to provision for impairment and gain on disposition of assets.
- The company's long-term debt has a weighted average rate of 4.50% as of September 30, 2025.
- Potential for market volatility and economic uncertainties to impact future results.