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Alpine Income Property Trust Inc (PINE)
NYSE:PINE
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 27, 2020
|% Change Since: -2.36%
|Next Earnings Date:Feb 03, 2020
Earnings Call Sentiment|Positive
The call reflected a positive outlook, with strong earnings growth, successful asset recycling, and a dividend increase. While there were concerns about hurricane impacts and tenant exposure, these were mitigated by insurance and strategic efforts to diversify the tenant base.Company Guidance
During the Q3 2024 earnings call for Alpine Income Property Trust, the company provided a comprehensive update on its performance and future outlook, reflecting a positive trajectory in several key metrics. The call highlighted a 22% increase in Funds From Operations (FFO) per diluted share to $0.45, and a 16% rise in Adjusted Funds From Operations (AFFO) to $0.44 compared to the previous year. Total revenue for the quarter amounted to $13.5 million, with lease income contributing $11.7 million and interest income from commercial loans adding $1.7 million. The company also emphasized its strategic asset recycling efforts, having acquired four net lease properties totaling $37.5 million at an 8.8% cap rate and disposed of eight properties for $48.6 million at a 6.8% cap rate. This activity resulted in a favorable investment yield spread and a reduction in leverage, with net debt to EBITDA improving to 6.9x. Additionally, Alpine raised its quarterly dividend to $0.28 per share and increased its full-year 2024 FFO guidance to a range of $1.67 to $1.69 per share. The company remains focused on capitalizing on attractive investment opportunities, maintaining a diversified tenant base, and managing its loan portfolio, which stood at a $43.2 million balance with a 10.4% yield.Strong Earnings Growth
FFO increased by 22% to $0.45 per share, and AFFO increased by 16% to $0.44 per share compared to Q3 2023.
Successful Asset Recycling
Completed $55 million in investment activity with a weighted average yield of 9.2%, exceeding the 6.8% cap rate on dispositions.
Increased Dividend
Raised quarterly common dividend from $0.275 per share to $0.28 per share, maintaining a healthy AFFO payout ratio of 64%.
Decreased Leverage
Net debt to EBITDA improved to 6.9x from 7.4x in the previous quarter.
Strategic Property Acquisitions
Acquired 4 net lease properties for $37.5 million with a cap rate of 8.8%. These include a 30-year lease term with 2% annual escalations.
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PINE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PINE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 17, 2024 | $17.39 | $18.18 | +4.54% |
| Jul 18, 2024 | $16.27 | $16.28 | +0.06% |
| Apr 18, 2024 | $13.85 | $14.16 | +2.24% |
| Feb 08, 2024 | $14.24 | $14.55 | +2.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alpine Income Property Trust Inc (PINE) report earnings?
Alpine Income Property Trust Inc (PINE) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Alpine Income Property Trust Inc (PINE) earnings time?
Alpine Income Property Trust Inc (PINE) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PINE EPS forecast?
PINE EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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