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Dec 31, 2021
Alpine Income Property Trust Q4 2021 Earnings Report
Reported operating results for the fourth quarter and full year 2021.
Key Takeaways
Alpine Income Property Trust reported strong fourth-quarter results, highlighted by a significant increase in net income per share, driven by strategic acquisitions and dispositions, and an increase in dividends.
Net Income per diluted share attributable to the Company was $0.64.
FFO per diluted share was $0.42.
AFFO per diluted share was $0.41.
Acquired 26 net lease retail properties for $101.6 million with a weighted average going-in cash cap rate of 6.2%.
Forward Guidance
The Company’s initial 2022 outlook assumes stable or improving economic activity and strong underlying business trends.
Positive Outlook
- Acquisitions between $200 million and $250 million
- FFO per Diluted Share between $1.53 and $1.58
- AFFO per Diluted Share between $1.51 and $1.56
- Dispositions between $40 million and $50 million
- Weighted Average Diluted Shares Outstanding between 17.0 million and 18.5 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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