Alpine Income Property Trust Inc ( (PINE) ) has released its Q4 earnings. Here is a breakdown of the information Alpine Income Property Trust Inc presented to its investors.
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Alpine Income Property Trust Inc. is a real estate investment trust that specializes in single tenant net leased commercial properties, focusing on tenants with strong credit ratings.
In its latest earnings report, Alpine Income Property Trust announced a net loss for the fourth quarter of 2024, alongside substantial growth in its AFFO per share, which increased by 17% year-over-year. The company also executed significant investment activities amounting to $134.7 million, yielding an 8.7% cash return, and raised its dividend for the first quarter of 2025.
Key financial metrics for Alpine included a fourth-quarter net loss of $0.06 per diluted share and an AFFO of $0.44 per diluted share. Total revenues for the year reached $52.2 million, representing growth from the previous year. Additionally, the company undertook strategic acquisitions and dispositions to optimize its portfolio, reducing exposure to less favorable tenants like Walgreens, and extending its weighted average remaining lease term to 8.7 years.
The company’s outlook for 2025 suggests continued investment activity between $50 million and $80 million, with expected FFO and AFFO per diluted share ranging from $1.70 to $1.73. This forward-looking strategy indicates management’s confidence in sustaining growth and delivering shareholder value.
Looking ahead, Alpine Income Property Trust remains focused on enhancing its portfolio quality and maintaining a strong financial position, while navigating potential market uncertainties and leveraging opportunities to maximize investment returns.
