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Dec 31, 2023
Alpine Income Property Trust Q4 2023 Earnings Report
Alpine Income Property Trust reported operating results for Q4 and full year 2023.
Key Takeaways
Alpine Income Property Trust reported a net income per diluted share of $0.02 for the quarter ended December 31, 2023. The company acquired two retail net lease properties for $3.0 million and originated two first mortgage investments with $30.8 million of funding commitments.
Reported net income per diluted share attributable to the Company of $0.02 for the quarter ended December 31, 2023.
Reported FFO per diluted share of $0.37 for the quarter ended December 31, 2023.
Reported AFFO per diluted share of $0.38 for the quarter ended December 31, 2023.
Acquired two retail net lease properties for total acquisition volume of $3.0 million, reflecting a weighted average going-in cash cap rate of 7.3%.
Forward Guidance
The Company's outlook and guidance for 2024 assumes stable or improving economic activity, strong underlying business trends related to each of our tenants and other significant assumptions.
Positive Outlook
- Investments between $50 million and $80 million
- Dispositions between $50 million and $80 million
- FFO per Diluted Share between $1.51 and $1.56
- AFFO per Diluted Share between $1.53 and $1.58
- Weighted Average Diluted Shares Outstanding between 14.9 million and 14.9 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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