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Alpine Income Property Trust Inc (PINE)
:PINE
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: -4.42%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant growth in AFFO and FFO, successful investment activities, and strategic portfolio management. However, challenges such as the impact of Party City bankruptcy and Cinemark lease non-renewal present short-term earnings headwinds.Company Guidance
During the Alpine Income Property Trust, Inc. Q4 Year End 2024 Earnings Conference Call, several key metrics and guidance for 2025 were highlighted. The company reported a strong performance with AFFO growth of 17% to $0.74 per diluted share for 2024, enabling a dividend increase to $0.285 per quarter, or $1.14 annually. The company made significant investments, acquiring properties worth $50.5 million in Q4 at a 7.6% cash cap rate, contributing to a total of $134.7 million in investments for the year at an average yield of 8.7%. Additionally, they originated $31.1 million in commercial loans at a 10.7% yield. For 2025, the company provided earnings guidance with FFO and AFFO expected to range between $1.70 and $1.73 per diluted share, based on assumptions of $50 million to $80 million in investments and $20 million to $30 million in dispositions. Challenges include potential headwinds from Party City's bankruptcy and a vacant Cinemark property, impacting 2025 earnings by approximately $0.08 per share. Despite these, the company anticipates strong investment opportunities and strategic property acquisitions to continue delivering value to shareholders.Strong Earnings Growth
AFFO of $0.74 per diluted share for the year, representing growth of 17%. FFO for the year was $1.73 per diluted share, representing 18% growth over the prior year.
Successful Investment Activity
Acquired six properties for $50.5 million at a weighted average cash cap rate of 7.6% in Q4. Full-year acquisitions totaled twelve properties at a weighted average cash cap rate of 8.2%.
Dividend Increase
Common dividend raised to a new quarterly rate of $0.285, effective the first quarter of 2025, continuing the trend of annual increases since the IPO in 2019.
Robust Commercial Loan Origination
Originated three commercial loans during the year for $31.1 million at a weighted average yield of 10.7%.
Strategic Portfolio Pruning
Sold $62 million of property at an average cap rate of 6.9%, reducing exposure to Walgreens and diversifying tenant base.
Healthy Liquidity Position
$95 million of liquidity at year-end, with potential to expand revolving credit facility to $150 million.
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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 |
|---|---|---|---|
| Feb 06, 2025 | $17.20 | $16.22 | -5.70% |
| 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% |
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 Apr 17, 2025, TBA Not Confirmed.
What is Alpine Income Property Trust Inc (PINE) earnings time?
Alpine Income Property Trust Inc (PINE) earnings time is at Apr 17, 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 2025 (Q1) is 0.02.
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