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Dec 31, 2024
Alpine Income Property Trust Q4 2024 Earnings Report
Alpine Income Property Trust reported a net loss for the fourth quarter of 2024, but grew AFFO per share for the year, increased its dividend, and provided 2025 outlook.
Key Takeaways
Alpine Income Property Trust reported a net loss of $0.06 per diluted share for the fourth quarter of 2024. However, the company grew AFFO per share by 17% for the year and increased its dividend for Q1 2025. The company also closed investments of $134.7 million at an 8.7% cash yield in 2024.
Fourth Quarter Net Loss of $0.06 per diluted share and FFO and AFFO of $0.44 per diluted share
Closed Investments of $134.7 million at an 8.7% cash yield in 2024
Increased Dividend for Q1 2025
Provided 2025 Outlook
Forward Guidance
The Company’s outlook for 2025 is based on current plans and assumptions and subject to risks and uncertainties more fully described in this press release and the Company's reports filed with the Commission.
Positive Outlook
- Investments between $50 million and $80 million
- Dispositions between $20 million and $30 million
- FFO per Diluted Share between $1.70 and $1.73
- AFFO per Diluted Share between $1.70 and $1.73
- Weighted Average Diluted Shares Outstanding between 16.0 million and 16.5 million
Challenges Ahead
- The outlook also assumes a $0.08 per diluted share impact in 2025 related to one recent and one anticipated vacancy that are both currently expected to remain vacant for the full year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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