Core Insights - Alpine Income (PINE) reported quarterly funds from operations (FFO) of $0.46 per share, exceeding the Zacks Consensus Estimate of $0.43 per share, and showing a slight increase from $0.45 per share a year ago, resulting in an FFO surprise of +6.98% [1] - The company posted revenues of $14.56 million for the quarter ended September 2025, which was below the Zacks Consensus Estimate by 0.42%, but an increase from $13.48 million year-over-year [2] - The stock has underperformed the market, losing approximately 17.6% since the beginning of the year compared to the S&P 500's gain of 13.9% [3] Financial Performance - Over the last four quarters, Alpine Income has surpassed consensus FFO estimates three times [2] - The current consensus FFO estimate for the upcoming quarter is $0.45 on revenues of $14.9 million, and for the current fiscal year, it is $1.76 on revenues of $58.58 million [7] Market Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call [3] - The Zacks Industry Rank indicates that the REIT and Equity Trust - Other sector is currently in the top 34% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this category [8] - The estimate revisions trend for Alpine Income was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]

Revenue and Income - Lease income increased to $12.1 million for Q3 2025, up 3.4% from $11.7 million in Q3 2024[190] - Total revenues for Q3 2025 reached $14.6 million, reflecting an 8.0% increase compared to $13.5 million in Q3 2024[190] - Total revenues increased by 13.5% to $43.6 million for the nine months ended September 30, 2025, compared to $38.4 million in 2024[202] - Lease income rose by 4.2% to $36.0 million, driven by increased rents from property acquisitions[203] - Interest income from commercial loans and investments surged by 107.2% to $7.4 million, attributed to an expanded portfolio[204] Expenses and Losses - Total operating expenses increased to $12.1 million in Q3 2025, up 15.8% from $10.4 million in Q3 2024[190] - Total operating expenses increased by 25.2% to $38.5 million, primarily due to a significant rise in the provision for impairment[202] - Interest expense increased to $3.9 million in Q3 2025, up 23.5% from $3.2 million in Q3 2024[200] - Interest expense rose by 32.3% to $11.8 million, driven by higher average outstanding balances on the Company's Credit Facility[212] - The company recorded a provision for impairment of $1.9 million in Q3 2025, compared to $0.4 million in Q3 2024, marking a 353.8% increase[195] - The provision for impairment recorded was $6.6 million, a substantial increase from $0.6 million in the prior year[207][208] - Net loss for Q3 2025 was $1.4 million, a decrease of $4.8 million from net income of $3.4 million in Q3 2024[201] - Net loss for the nine months ended September 30, 2025, was $4.5 million, a decrease of $7.8 million compared to net income of $3.3 million in 2024[213] Property and Assets - The company sold 11 properties for $34.3 million during the nine months ended September 30, 2025, generating gains of $2.0 million[186] - As of September 30, 2025, the portfolio was 99% occupied, with a weighted average remaining lease term of 8.7 years[187] - The company owned 128 properties with a total gross leasable area of 4.1 million square feet across 34 states as of September 30, 2025[187] - The Company acquired five properties for a total purchase price of $60.8 million during the nine months ended September 30, 2025[216] - Cash totaled $6.6 million as of September 30, 2025, including $5.5 million in restricted cash[214] - The Company has $250.0 million in long-term debt commitments, with an outstanding balance of $158.5 million as of September 30, 2025[215] Shareholder Metrics - Funds from operations (FFO) increased to $7,135 million for the three months ended September 30, 2025, up from $6,690 million in 2024, representing a growth of 6.7%[230] - Adjusted funds from operations (AFFO) also rose to $7,128 million for the three months ended September 30, 2025, compared to $6,649 million in 2024, marking an increase of 7.2%[230] - FFO per diluted share was $0.46 for the three months ended September 30, 2025, slightly up from $0.45 in 2024[230] - AFFO per diluted share increased to $0.46 for the three months ended September 30, 2025, compared to $0.44 in 2024[230] - The weighted average number of diluted shares increased to 15,382,044 for the three months ended September 30, 2025, from 14,968,086 in 2024[228] Depreciation and Impairment - Depreciation and amortization expenses were $6,597 million for the three months ended September 30, 2025, compared to $6,340 million in 2024[228] - The company reported a provision for impairment of $1,915 million for the three months ended September 30, 2025, significantly higher than $422 million in the same period of 2024[228] Off-Balance Sheet Arrangements - The company did not report any off-balance sheet arrangements[231]

Financial Performance - Total revenues for Q3 2025 were $14.563 million, a 8.0% increase from $13.480 million in Q3 2024[4] - Net income attributable to PINE for Q3 2025 was $(1.310) million, compared to $3.080 million in Q3 2024[4] - Funds from operations (FFO) for Q3 2025 were $7.135 million, up from $6.690 million in Q3 2024, with FFO per diluted share at $0.46[4] - Lease income for the three months ended September 30, 2025, was $12,122,000, compared to $11,718,000 in 2024, reflecting an increase of 3.5%[37] - Funds From Operations (FFO) for the three months ended September 30, 2025, was $7,135,000, compared to $6,690,000 in 2024, marking an increase of 6.6%[40] - Adjusted Funds From Operations (AFFO) for the three months ended September 30, 2025, was $7,128,000, up from $6,649,000 in 2024, indicating a growth of 7.2%[40] - Net income (loss) attributable to Alpine Income Property Trust, Inc. for the three months ended September 30, 2025, was $(1,310,000), compared to $3,080,000 in 2024, showing a significant decline[37] Investment Activity - The company raised its full-year 2025 investment guidance to $200 - $230 million, reflecting a strong investment activity[2] - Year-to-date investments through September 30, 2025, totaled $136 million at a weighted-average initial cash yield of 8.9%[3] - The company completed total investments of $49.720 million in Q3 2025, including $21.120 million in properties and $28.600 million in commercial loans[5] - Total investments for the nine months ended September 30, 2025, amounted to $135.6 million, with a revised outlook range of $200 to $230 million for the full year[19] Property Portfolio - The property portfolio consisted of 128 properties with an annualized base rent (ABR) of $46.3 million and an occupancy rate of 99.4%[7] - 48% of the ABR is derived from investment-grade rated tenants, with Lowe's and Dick's Sporting Goods as the top two tenants[3][10] - The weighted average remaining lease term for properties at acquisition was 11.6 years[5] Debt and Liquidity - As of September 30, 2025, the Company reported a net debt to enterprise value ratio of 62.1% and a net debt to adjusted EBITDA ratio of 7.7x[12] - The Company has total liquidity of $61.4 million, with an additional borrowing capacity of $60.2 million under its Revolving Credit Facility, potentially expanding to $92.7 million[12] - The Company's total debt as of September 30, 2025, is $358.5 million, with a weighted average interest rate of 4.50%[14] - The Company utilized interest rate swaps to achieve a weighted average fixed interest rate of 3.32% on $100 million of the outstanding balance on its Revolving Credit Facility[14] - Long-term debt as of September 30, 2025, increased to $358,155,000 from $301,466,000 as of December 31, 2024, reflecting a rise of 18.8%[35] - Net Debt to Pro Forma Adjusted EBITDA ratio was 7.7x as of September 30, 2025[42] Dividends - The Company declared dividends of $0.285 per share for the three months ended September 30, 2025, with a Funds From Operations (FFO) payout ratio of 62.0%[16] - The company declared dividends of $0.285 per share for the three months ended September 30, 2025, compared to $0.280 per share in 2024, an increase of 1.8%[37] Dispositions - The Company reported total dispositions of $34.3 million, remaining unchanged from previous guidance of $50 to $70 million[19] - The company sold its only property leased to Kohl's for $12.0 million and entered into a contract to sell a Walgreens location for $5.5 million[9] Conference Call - The Company plans to host a conference call on October 24, 2025, to discuss its operating results for the three and nine months ended September 30, 2025[20] Shareholder Information - The weighted average number of common shares outstanding for the three months ended September 30, 2025, was 14,158,190, compared to 13,744,232 in 2024, indicating an increase of 3.0%[37] - The Company holds a 92.0% interest in Alpine Income Property OP, LP, with a total of 15,382,044 common stock and OP Units outstanding as of September 30, 2025[15] Total Assets - Total assets as of September 30, 2025, were $621,424,000, an increase from $604,995,000 as of December 31, 2024, representing a growth of 2.1%[35]

Core Insights - Alpine Income Property Trust, Inc. has raised its full-year 2025 outlook, increasing its investment guidance to a range of $200 million to $230 million [1][19]. Financial Performance - For the third quarter ended September 30, 2025, total revenues increased to $14.563 million from $13.480 million in the same period of 2024, representing a year-over-year growth of 8% [3]. - The net income attributable to Alpine Income Property Trust was a loss of $1.310 million for the third quarter of 2025, compared to a profit of $3.080 million in the third quarter of 2024 [3]. - Funds from Operations (FFO) for the third quarter were $7.135 million, up from $6.690 million in the prior year, while Adjusted Funds from Operations (AFFO) also increased to $7.128 million from $6.649 million [3][45]. Investment Activity - The company made total investments of $49.720 million in the third quarter of 2025, with 5 investments completed, and year-to-date investments reached $136 million at a weighted-average initial cash yield of 8.9% [4][2]. - The company disposed of 3 properties for a total of $6.152 million in the third quarter, with total dispositions for the nine months ended September 30, 2025, amounting to $34.338 million [5][4]. Property Portfolio - As of September 30, 2025, the company owned 128 properties with a total of 4.1 million square feet and an annualized base rent (ABR) of $46.3 million, achieving an occupancy rate of 99.4% [7]. - 48% of the ABR is derived from investment-grade rated tenants, with Lowe's and Dick's Sporting Goods being the top two tenants [2][9]. Debt and Liquidity - The company's net debt to total enterprise value stands at 62.1%, with a fixed charge coverage ratio of 3.1x [13]. - As of September 30, 2025, total liquidity was $61.355 million, including $60.172 million available under the revolving credit facility [13]. Dividends - The company declared dividends of $0.285 per share for the third quarter of 2025, with a payout ratio of 62.0% for both FFO and AFFO [18]. 2025 Outlook - The revised guidance for 2025 FFO and AFFO per share is now set between $1.82 and $1.85, up from the previous range of $1.74 to $1.77 [19][20].

Core Viewpoint - Alpine Income Property Trust, Inc. has announced the origination of a first mortgage loan investment secured by a luxury residential development in the Austin, Texas area, with a total commitment of up to $61.3 million across two phases [1][2][3]. Loan Details - The Company funded $14.1 million for phase one of the loan, with a total commitment of up to $29.5 million for this phase, and anticipates funding the remainder before the end of 2025 [1]. - The phase two loan has a total commitment of up to $31.8 million, with funding contingent on the borrower's satisfaction of certain conditions, expected to be met in early 2026 [1][2]. - The interest rate for both phases starts at 17.0%, stepping down to 16.0% during months 7 to 12, and to 14.0% thereafter [2]. Strategic Insights - The loan reflects the Company's proactive approach to capital redeployment in anticipation of proceeds from late 2025 and 2026 investment maturities, aimed at ensuring continuity in earnings [3]. - There is strong interest from potential institutional partners in purchasing a senior tranche of this investment, indicating the appeal of this opportunity [3]. 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 through a portfolio of single tenant net leased commercial income properties [4].

Core Insights - Alpine Income Property Trust, Inc. has acquired a three-property portfolio for $2.8 million, with a weighted average going-in cash yield of 8.5% [1][2] Property Details - The acquired portfolio consists of properties located in Illinois, Virginia, and Louisiana, totaling 8,890 square feet [2] - Two properties are net leased to Hardee's, a national quick-service restaurant chain, while the third is net leased to Jiffy Lube, a leading automotive services franchise [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 [3] - The company invests in, owns, and operates a diversified portfolio of single-tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants [3]

Core Insights - Alpine Income Property Trust, Inc. (NYSE:PINE) is recognized for its significant dividend growth and is listed among the 20 Best Stocks to Buy and Hold for a Lifetime [1] Group 1: Recent Transactions - The company sold its former Century Theater Center in Reno, Nevada, for $5.0 million, with $4.0 million in seller financing at an 8% interest rate over two years, improving portfolio occupancy to 99.4% and lowering carrying costs [2] - A $24 million first mortgage loan was created with an 11% interest rate to finance the conversion of a 127,380-square-foot building in East Bay, San Francisco, into industrial space targeting technology, life sciences, manufacturing, and logistics tenants [3] Group 2: Investment Performance - Alpine Income Property Trust has made $109.9 million in structured investments and acquisitions in the current year, yielding an initial cash yield of 9.5% on average [3] - The company's single-tenant net-leased commercial properties are primarily leased to publicly traded and credit-rated tenants, reinforcing its position as a strong investment option [4]

Core Viewpoint - Alpine Income Property Trust, Inc. reported its investment and disposition activities for Q3 and year-to-date 2025, highlighting significant acquisition and sales transactions that reflect a strong performance in the real estate investment sector [1][2]. Investment and Disposition Activity - In year-to-date 2025, the Company completed $135.6 million in acquisition and structured investment transactions with a weighted average initial cash yield of 8.9% [2]. - The year-to-date disposition activity totaled $29.0 million from income-producing asset sales, achieving a weighted average exit cash cap rate of 8.4% [2]. - Additionally, the Company sold $5.3 million in vacant properties during the same period [2]. Portfolio Metrics - As of September 30, 2025, the Company reported a weighted average remaining lease term of 8.7 years and an occupancy rate of 99.4% [3]. - 48% of the annualized base rent is attributable to investment-grade tenants, indicating a strong tenant quality [3]. 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 through a diversified portfolio of single-tenant net leased commercial properties [4]. Recent Transactions - On September 30, 2025, the Company acquired two properties ground leased to Lowe's for $21.1 million, with a weighted average going-in cash cap rate of 6.0% and a remaining lease term of approximately 11.6 years [7]. - Lowe's has become the Company's largest tenant by annualized base rent, surpassing Dick's Sporting Goods [7]. - The Company sold three net lease properties for $6.2 million, including one leased to Advance Auto Parts and a vacant parcel [7]. - Two structured investments were originated for a total of $28.0 million with a weighted average initial cash yield of 10.6% [7]. - The Company increased its commitment to a Wawa Land Development Construction Loan by $0.6 million, totaling $7.4 million [7]. - Principal paydowns of approximately $8.1 million were received on the mortgage note portfolio, reducing the remaining loan balance to $3.9 million with a current yield of 9.0% [7].

Core Points - Alpine Income Property Trust, Inc. will report its financial and operating results for Q3 2025 on October 23, 2025, after market close [1] - A conference call to discuss these results is scheduled for October 24, 2025, at 9:00 AM ET [1] - A live webcast of the call will be available on the Company's Investor Relations page [2] - Participants are encouraged to register and dial in at least fifteen minutes before the call [3] - A replay of the earnings call will be archived and accessible online [3] 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 [4] - The company invests in, owns, and operates a portfolio of single tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants [4]

Core Viewpoint - Alpine Income Property Trust, Inc. has successfully sold its former Century Theater Center in Reno, NV for $5.0 million, which is expected to positively impact the company's earnings and portfolio occupancy [1][3]. Group 1: Transaction Details - The sale price of the property was $5.0 million, with the company providing seller financing of $4.0 million at an annual interest rate of 8.00% for a term of two years [1]. - The property spans 52,474 square feet on 1.4 acres and has been almost entirely vacant since the departure of Century Theater in November 2024 [2]. Group 2: Financial Impact - The transaction is expected to be accretive to earnings by eliminating the previous carrying costs associated with the property, with partial benefits anticipated in the current year's results and full impact expected next year [3]. - Following the sale, the company's portfolio occupancy increased to 99.4%, enhancing overall performance [3]. Group 3: 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 single tenant net leased commercial properties, primarily leased to high-quality publicly traded and credit-rated tenants [3].