The reported revenue represents a surprise of +3.22% over the Zacks Consensus Estimate of $12.1 million. With the consensus EPS estimate being $0.39, the EPS surprise was +10.26%. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Revenues- Interest Income from Commercial Loans and Investments: $0.99 million versus the twoanalyst average estimate of $0.85 million. ...

Alpine Income (PINE) came out with quarterly funds from operations (FFO) of $0.43 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 10.26%. A quarter ago, it was expected that this company would post FFO of $0.38 per share when it actually produced FFO of $0.41, delivering a surprise of 7.89%. Over the last four quarters, the company ha ...

Page 12 Press Release WINTER PARK, FL – July 18, 2024 – Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company" or "PINE") today announced its operating results and earnings for the quarter ended June 30, 2024. ◾ Reported both FFO and AFFO per diluted share of $0.43 for the quarter ended June 30, 2024, an increase of 16.2% from the comparable prior year period. ◾ Originated one first mortgage construction loan with a total funding commitment of $6.1 million, of which $4.6 million was funded during th ...

In accordance with FASB guidance, the fair value of the real estate acquired with in-place leases is allocated to the acquired tangible assets, consisting of land, building and tenant improvements, and identified intangible assets and liabilities, consisting of the value of above-market and below-market leases, the value of in-place leases, and the value of leasing costs, based in each case on their relative fair values. In allocating the fair value of the identified intangible assets and liabilities of an ...

WINTER PARK, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company" or "PINE") today announced its operating results and earnings for the quarter ended June 30, 2024. Select Highlights Reported Net Income per diluted share attributable to the Company of $0.01 for the quarter ended June 30, 2024. Reported both FFO and AFFO per diluted share of $0.43 for the quarter ended June 30, 2024, an increase of 16.2% from the comparable prior year period. Acquired a net l ...

A live webcast of the call will be available on the Investor Relations page of the Company's website at www.alpinereit.com or at the link provided in the event details below. To access the call by phone, please go to the registration link provided in the event details below and you will be provided with dial-in details. About Alpine Income Property Trust, Inc. We encourage you to review our most recent investor presentation which is available on our website at http://www.alpinereit.com. WINTER PARK, Fla., J ...

Alpine Income Property Trust, Inc. (PINE) has provided an update on its year-to-date investment and disposition activities. Moreover, in the quarter, Alpine Income originated a 15-month first mortgage structured investment aggregating $6.1 million, with an initial yield of 11.5%. The company funded approximately $4.6 million at the start of the loan. The underlying loan collateral consists of three retail outparcels leased or under a letter of intent with a national convenience store and a national quick se ...

coryz/E+ via Getty Images Overview Real estate has been heavily suppressed over the last two years due to elevated interest rates. While this hasn't been great for returns, it has helped reveal which REFTs are well-maintained and of higher quality. Alpine Income Property Trust, Inc. (NYSE:PINE) remains a solid option for high-quality real estate exposure as they own a portfolio of commercial net lease properties. However, there are some vulnerabilities that stand out to me and make me reconsider my prior st ...

WINTER PARK, Fla., June 21, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company") today announced its year-to-date 2024 investment and disposition activities. 2024 Investment Activity During the second quarter, the Company acquired a two-tenant net leased retail property for $14.6 million. The property is 100% leased to investment grade rated tenants Best Buy and Golf Galaxy (Dick's Sporting Goods) and has a weighted average remaining lease term of 4.6 years. The property ...

WINTER PARK, Fla., June 21, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company") today announced its year-to-date 2024 investment and disposition activities. 2024 Disposition Activity Safe Harbor About Alpine Income Property Trust, Inc. made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. During the second quarter, the Company acquired a two-tenant n ...