分组1 - Alpine Income (PINE) reported quarterly funds from operations (FFO) of $0.44 per share, missing the Zacks Consensus Estimate of $0.45 per share, but showing an increase from $0.43 per share a year ago, resulting in an FFO surprise of -2.22% [1] - The company posted revenues of $14.86 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.27%, compared to year-ago revenues of $12.49 million [2] - Over the last four quarters, Alpine Income has surpassed consensus FFO estimates three times and topped consensus revenue estimates four times [2] 分组2 - The stock has underperformed the market, losing about 13.6% since the beginning of the year, while the S&P 500 gained 8.1% [3] - The future performance of Alpine Income's stock will depend on management's commentary on the earnings call and the company's FFO outlook [4][6] - The current consensus FFO estimate for the coming quarter is $0.44 on revenues of $14.37 million, and for the current fiscal year, it is $1.77 on revenues of $56.57 million [7] 分组3 - The Zacks Industry Rank indicates that the REIT and Equity Trust - Other industry is currently in the bottom 37% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions, with a favorable estimate revision trend for Alpine Income prior to the earnings release [5][6]

Revenue and Income - For the three months ended June 30, 2025, total revenues increased by 19.0% to $14.9 million compared to $12.5 million for the same period in 2024[186]. - Total revenues increased by 16.5% to $29.1 million for the six months ended June 30, 2025, up from $25.0 million in 2024, driven by a 4.6% increase in lease income and a 166.7% increase in interest income from commercial loans and investments[198]. - Interest income from commercial loans and investments surged by 177.6% to $2.7 million, reflecting an expanded portfolio[188]. - Interest income from commercial loans and investments rose to $5.0 million in the first half of 2025, a $3.1 million increase from $1.9 million in 2024, attributed to an expanded portfolio[200]. - Net income (loss) attributable to Alpine Income Property Trust, Inc. was $(1.6) million for the three months ended June 30, 2025, a decrease of 904.4% compared to $0.2 million in 2024[186]. - Net loss totaled $3.1 million for the six months ended June 30, 2025, compared to a net loss of $0.1 million for the same period in 2024, representing a $3.0 million increase in net loss[209]. - Net income for the three months ended June 30, 2025, was $(1,782) thousand, compared to $222 thousand for the same period in 2024[225]. Expenses and Provisions - Total operating expenses increased by 27.8% to $13.3 million, primarily due to higher real estate expenses and provisions for impairment[186]. - Operating expenses rose by 30.1% to $26.4 million for the six months ended June 30, 2025, compared to $20.3 million in 2024, primarily due to increased real estate expenses and general administrative costs[198]. - The company recorded a provision for impairment of $2.8 million during the three months ended June 30, 2025, compared to $0.6 million in the same period of 2024[191]. - Provision for impairment increased significantly by 602.6% to $4.8 million in the first half of 2025, compared to $0.7 million in 2024, reflecting losses related to certain income properties[203]. - Interest expense increased by 52.6% to $4.3 million, attributed to a higher average outstanding balance on the company's Credit Facility[196]. Property and Portfolio - The company owned 129 properties with a total gross leasable area of 3.9 million square feet as of June 30, 2025, achieving a portfolio occupancy rate of 98%[183]. - The company sold five properties for a total sales price of $16.5 million during the three months ended June 30, 2025, generating gains of $0.9 million[193]. - The company sold eight properties for a total sales price of $28.2 million during the six months ended June 30, 2025, generating gains of $2.1 million, compared to two properties sold for $6.6 million and gains of $0.9 million in 2024[206]. - The company acquired three properties for a combined purchase price of $39.7 million during the six months ended June 30, 2025[213]. - The company acquired three properties for a total purchase price of $39.7 million during the six months ended June 30, 2025[230]. Cash and Liquidity - Cash totaled $12.1 million as of June 30, 2025, including $7.1 million in restricted cash[211]. - As of June 30, 2025, the company had an outstanding balance of $153.0 million under its $250.0 million Credit Facility, with $48.0 million of available capacity[212]. - The company believes it will have sufficient liquidity to fund operations and capital requirements over the next twelve months, supported by cash on hand and available credit[216]. Funds from Operations - Funds from operations (FFO) increased to $6,788 thousand for the three months ended June 30, 2025, up from $6,313 thousand in 2024, representing a growth of 7.5%[227]. - Adjusted funds from operations (AFFO) for the three months ended June 30, 2025, were $6,742 thousand, compared to $6,399 thousand in 2024, indicating a year-over-year increase of 5.4%[227]. - FFO per diluted share rose to $0.44 for the three months ended June 30, 2025, compared to $0.43 in the prior year[227]. Depreciation and Amortization - Depreciation and amortization expenses for the three months ended June 30, 2025, were $6,705 thousand, compared to $6,352 thousand in 2024, reflecting an increase of 5.5%[225]. - The company reported a total of $14,012 thousand in depreciation and amortization for the six months ended June 30, 2025, compared to $12,734 thousand in 2024[225]. Share Information - The weighted average number of diluted shares increased to 15,426,650 for the three months ended June 30, 2025, from 14,848,786 in 2024[225]. Off-Balance Sheet Arrangements - The company did not have any off-balance sheet arrangements reported[228].

Exhibit 99.1 Press Release FOR IMMEDIATE RELEASE ALPINE INCOME PROPERTY TRUST REPORTS SECOND QUARTER 2025 OPERATING AND FINANCIAL RESULTS WINTER PARK, FL – July 24, 2025 – Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company" or "PINE"), an owner and operator of single tenant net leased commercial income properties, today announced its operating results and earnings for the three and six months ended June 30, 2025. "We continued to effectively execute our strategy focused on accretive capital recyc ...

Core Viewpoint - Alpine Income Property Trust, Inc. reported its operating results for the second quarter and first half of 2025, highlighting a strategic focus on capital recycling and stock repurchases, which have strengthened its portfolio and tenant structure [2][3]. Financial Performance - Total revenues for Q2 2025 were $14.863 million, up from $12.490 million in Q2 2024, representing a 19% increase [3]. - Net income attributable to PINE for Q2 2025 was a loss of $1.641 million, compared to a profit of $0.204 million in Q2 2024 [3]. - Funds from Operations (FFO) for Q2 2025 were $6.788 million, slightly up from $6.313 million in Q2 2024 [3]. - Adjusted Funds from Operations (AFFO) for Q2 2025 were $6.742 million, compared to $6.399 million in Q2 2024 [3]. Investment Activity - The company invested $85.9 million in the first half of 2025 at a weighted average initial cash yield of 9.1% and sold assets worth $28.2 million at a weighted average cash yield of 8.4% [2][4]. - The weighted average remaining lease term increased to 8.9 years from 6.6 years a year ago [2]. Property Portfolio - As of June 30, 2025, the company owned 129 properties with a total of 3.9 million square feet and an annualized base rent (ABR) of $45.3 million [7]. - The occupancy rate of the portfolio was 98.2%, with 51% of ABR attributable to investment-grade rated tenants [7][9]. Balance Sheet and Capital Markets - As of June 30, 2025, the company had a net debt to total enterprise value ratio of 60.3% and a net debt to pro forma adjusted EBITDA ratio of 8.1x [11]. - Total liquidity was reported at $57.259 million, including $9.302 million in cash and cash equivalents [11][12]. Dividends - The company declared dividends of $0.285 per share for Q2 2025, maintaining a payout ratio of 64.8% for both FFO and AFFO [17]. 2025 Outlook - The company reaffirmed its outlook for 2025, projecting investments between $100 million and $130 million and dispositions between $50 million and $70 million [18]. - Expected FFO and AFFO per diluted share are projected to be between $1.74 and $1.77 [18].

Core Viewpoint - Alpine Income Property Trust, Inc. reported its second quarter and year-to-date 2025 portfolio and transaction activities, highlighting significant investment and disposition activities along with a balance sheet update [1]. Portfolio and Transaction Activity - The total investment activity year-to-date in 2025 amounts to $85.9 million in acquisition and structured investment transactions, with a weighted average initial investment yield of 9.1% [2]. - Year-to-date total disposition activity includes $28.2 million in asset sales, achieving a weighted average exit cash cap rate of 8.4% [2]. - The weighted average lease term as of June 30, 2025, is 8.9 years [2]. Second Quarter 2025 Details - The company sold five net lease properties, including two leased to Walgreens, for a total disposition volume of $16.5 million at a weighted average exit cap rate of 7.9% [7]. - A seller financing structured investment was originated in conjunction with the disposition of a property leased to Old Time Pottery, along with a new first mortgage loan totaling $6.6 million in principal, fully funded at closing with a weighted average initial yield of 9.8% [7]. - Bass Pro Shops completed its renovation on schedule, with a grand opening on May 21, 2025, for a 66,033-square foot property in Hermantown, MN, re-leased under a 20-year initial lease term [7]. - A $25.5 million construction loan for Publix land development in Charlotte, NC, was fully repaid, with a current yield of 9.5% [7]. - During the quarter ended June 30, 2025, the company repurchased 272,565 shares of common stock at a weighted average gross price of $15.81 per share, totaling $4.3 million [7]. - Year-to-date 2025, the company repurchased 546,390 shares at a weighted average gross price of $16.07, costing $8.8 million [7]. - As of June 30, 2025, approximately $1.2 million remains on the current common stock buyback program [7]. - The company has no debt maturities until May 2026 [7]. Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in, owning, and operating a portfolio of single-tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants [4].

Core Insights - Investors are considering Alpine Income (PINE) and EastGroup Properties (EGP) for potential value opportunities in the REIT and Equity Trust - Other sector [1] Valuation Metrics - Alpine Income has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while EastGroup Properties has a Zacks Rank of 3 (Hold) [3] - PINE has a forward P/E ratio of 8.47, significantly lower than EGP's forward P/E of 18.81 [5] - The PEG ratio for PINE is 1.41, while EGP's PEG ratio is 3.70, suggesting PINE is more favorably valued in terms of expected EPS growth [5] - PINE's P/B ratio is 0.8, compared to EGP's P/B of 2.63, indicating PINE is undervalued relative to its book value [6] - Based on these metrics, PINE has a Value grade of B, while EGP has a Value grade of F, highlighting PINE's superior valuation [6] Conclusion - PINE is positioned as the better value option due to its solid earnings outlook and favorable valuation metrics compared to EGP [7]

Core Viewpoint - Alpine Income Property Trust, Inc. will report its financial and operating results for Q2 2025 on July 24, 2025, with a conference call scheduled for July 25, 2025 [1]. Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in single tenant net leased commercial properties, primarily leased to high-quality publicly traded and credit-rated tenants [3]. Event Details - A live webcast of the conference call will be available on the Company's Investor Relations page, and participants are encouraged to register and dial in at least fifteen minutes before the start time [2]. - A replay of the earnings call will be archived and accessible online through the Investor Relations section of the Company's website [2].

Core Thesis - Alpine Income Property Trust (PINE) presents a compelling value proposition with an AFFO yield of nearly 12%, which comfortably supports its 7.6% dividend, but faces various challenges that may affect its quality compared to peers [1][2] Value Proposition - The company's value is driven by a low cost-basis and a stock price that results in an enterprise value of $150 per square foot, significantly below the replacement cost of over $200 per foot [3] - Each $100 invested in PINE generates $11.94 of AFFO, with comparable properties trading at cap rates of 6.5%-9%, indicating that PINE offers superior cash flow compared to direct real estate investments [4] Cash Flow Stability - Cash flows are secured with a weighted average lease term of 9 years, and 50% of tenants hold investment-grade ratings, which is favorable compared to triple net peers [7][9] Market Position - PINE's AFFO multiple of 8.7X is low relative to the broader market and even within the REIT sector, where the average AFFO multiple is 13.1X, indicating that while PINE is cheap, the valuation gap with peers is not substantial [11][12] Quality Concerns - PINE is considered lower quality due to its exposure to cyclical retailers, with a significant number of at-risk tenants, including pharmacies and dollar stores, which have faced recent struggles [13][15] - The company has a longer list of watchlist tenants, and recent bankruptcies among tenants like At Home raise concerns about future cash flows [19][20] Loan Portfolio - PINE has a loan portfolio totaling $69.6 million, which is substantial relative to its $212 million market cap, and the expiration of these loans could negatively impact AFFO [22][23] Future Growth Outlook - Despite an attractive AFFO multiple, PINE's growth is expected to be weaker than peers over the next four years due to elevated tenant churn and the roll-off of lucrative loans [27] - The company may become a more attractive investment if it successfully replaces troubled tenants with more stable ones or if it can reinvest expiring loans into equally high-return investments [29]

Albert Anthony is a Croatian-American media personality and Analyst for financial media platforms Investing.com and Seeking Alpha, where he has grown over +1K followers since 2023. Writing general markets commentary and opinion as The Analyst, he has covered over +200 companies in multiple sectors, with a focus on dividend stocks. The author grew up in the NYC area and has also called home Austin Texas and his parents' native Croatia, where he took part in many business/innovation conferences as a business ...

Core Points - Alpine Income Property Trust, Inc. has declared a quarterly cash dividend of $0.285 per share for Q2 2025, representing an annualized yield of approximately 7.7% based on the stock's closing price on May 23, 2025 [1][2] - The dividend is payable on June 30, 2025, to stockholders of record as of June 12, 2025, with the ex-dividend date also on June 12, 2025 [2] Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in single tenant net leased commercial properties, primarily leased to high-quality publicly traded and credit-rated tenants [3]