Financial Performance - Fourth Quarter net loss of $0.06 per diluted share, with FFO and AFFO both at $0.44 per diluted share[1] - Total revenues for the fourth quarter increased to $13.8 million, up 19% from $11.6 million in Q4 2023; full year revenues reached $52.2 million, a 14% increase from $45.6 million in 2023[3] - AFFO per share grew by 17% year-over-year, allowing for a dividend increase while maintaining a payout ratio of 63.6%[2][14] - Lease income rose to $11,493,000 for the three months ended December 31, 2024, compared to $11,016,000 in 2023, reflecting a growth of 4.3%[35] - Funds from operations (FFO) for the year ended December 31, 2024, reached $26,098,000, a 13.5% increase from $22,910,000 in 2023[37] - Adjusted funds from operations (AFFO) per diluted share for the three months ended December 31, 2024, was $0.44, compared to $0.38 in the same period of 2023, marking a 15.8% increase[37] - The company anticipates a $0.08 per diluted share impact in 2025 due to vacancies expected to remain unoccupied for the full year[15] Investments and Portfolio - Closed investments totaled $134.7 million in 2024 at an 8.7% cash yield, with over $75 million in dispositions at a 7.1% cap rate[2][4] - The property portfolio consisted of 134 properties with an occupancy rate of 98.0% and an annualized base rent (ABR) of $44.3 million[6] - The weighted average remaining lease term increased to 8.7 years, with 51% of ABR attributable to investment-grade rated tenants[6][7] - The company reduced its exposure to Walgreens while diversifying its tenant base across 27 industries[2][6] - The company’s 2025 outlook includes investments ranging from $50 million to $80 million and dispositions between $20 million and $30 million[15] Debt and Equity - As of December 31, 2024, net debt to total enterprise value was 52.6%, with a fixed charge coverage ratio of 3.5x[9] - Long-term debt increased to $301.466 million as of December 31, 2024, compared to $275.677 million in 2023[33] - The company reported a total equity of $276.495 million as of December 31, 2024, slightly up from $275.613 million in 2023[33] - Total long-term debt as of December 31, 2024, was $301,466,000, with a net debt to pro forma adjusted EBITDA ratio of 7.4x[39] Shareholder Returns - The company declared a quarterly cash dividend of $0.285 per share for Q1 2025, representing a 1.8% increase from the previous dividend[13] - The company declared and paid dividends of $0.280 per share for the three months ended December 31, 2024, compared to $0.275 in the same period of 2023[35] - The weighted average diluted shares outstanding is estimated to be between 16.0 million and 16.5 million[15] - The weighted average number of diluted shares for the year ended December 31, 2024, was 15,082,111, compared to 15,560,524 in 2023[35] Future Outlook - FFO per diluted share is projected to be between $1.70 and $1.73, with AFFO per diluted share also expected in the same range[15] - The estimated net income per diluted share for 2025 is projected to be between $0.04 and $0.07[16] - The company will host a conference call on February 7, 2025, to present its operating results for the quarter and year ended December 31, 2024[17] Operating Expenses - Operating expenses for the year ended December 31, 2024, totaled $41,655,000, slightly down from $41,859,000 in 2023[35] - The annualized adjusted EBITDA for the three months ended December 31, 2024, was $38,084,000, with a pro forma adjusted EBITDA of $40,082,000[39] Miscellaneous - The company operates a portfolio of single tenant net leased commercial income properties predominantly leased to high-quality publicly traded and credit-rated tenants[19] - Net loss attributable to Alpine Income Property Trust, Inc. for the three months ended December 31, 2024, was $(958,000), compared to a net income of $335,000 in 2023[35]

Core Insights - The company reported a fourth quarter net loss of $0.06 per diluted share, with FFO and AFFO of $0.44 per diluted share [1][3] - Closed investments totaled $134.7 million at an 8.7% cash yield in 2024 [1][4] - The company increased its dividend for Q1 2025 [1][16] - A 2025 outlook was provided, indicating expected investments and dispositions [1][18] Financial Performance - Total revenues for Q4 2024 were $13.791 million, up from $11.581 million in Q4 2023 [3] - Net income attributable to the company for the year was $2.066 million, down from $2.917 million in 2023 [3] - FFO for the year was $26.098 million, an increase from $22.910 million in 2023 [3] - AFFO for the year was $26.185 million, compared to $23.211 million in 2023 [3] Investment Activity - The company completed 12 investments totaling $103.6 million for the year, with a weighted average initial cash cap rate of 8.2% [4] - Dispositions for the year amounted to $75.589 million, with a weighted average exit cash cap rate of 7.1% [6] - The company reduced its exposure to Walgreens and increased the weighted average remaining lease term to 8.7 years [2] Property Portfolio - As of December 31, 2024, the company owned 134 properties with a total of 3.9 million square feet and an annualized base rent of $44.3 million [7] - The occupancy rate of the portfolio was 98.0%, with 51% of ABR attributable to investment-grade rated tenants [7] - The top industries represented in the portfolio included Sporting Goods (16%), Home Improvement (13%), and Dollar Stores (12%) [9] Balance Sheet and Capital Markets - As of December 31, 2024, the company's net debt to total enterprise value was 52.6% [11] - Total liquidity was reported at $95.109 million, with $89.545 million available under the revolving credit facility [11] - The company had total long-term debt of $302 million with a weighted average interest rate of 4.10% [12] Dividend Information - The company declared a quarterly cash dividend of $0.285 per share for Q1 2025, representing a 1.8% increase from the previous quarter [16][17] - The FFO payout ratio for the year was 64.2% [17] 2025 Outlook - The company anticipates investments between $50 million and $80 million and dispositions between $20 million and $30 million in 2025 [18] - Expected FFO and AFFO per diluted share for 2025 are projected to be between $1.70 and $1.73 [18][19]

Core Insights - Investors are evaluating the value opportunities presented by Alpine Income (PINE) and SL Green (SLG) in the REIT and Equity Trust - Other sector [1] Valuation Metrics - Both PINE and SLG have a Zacks Rank of 2 (Buy), indicating positive earnings estimate revisions and improving earnings outlooks [3] - PINE has a forward P/E ratio of 9.57, while SLG has a forward P/E of 11.95 [5] - PINE's PEG ratio is 1.60, compared to SLG's PEG ratio of 5.33, suggesting PINE is more favorably valued in terms of expected EPS growth [5] - PINE has a P/B ratio of 0.89, indicating a lower market value relative to its book value, while SLG has a P/B of 1.18 [6] - Based on these valuation metrics, PINE earns a Value grade of B, whereas SLG receives a Value grade of D [6] Investment Conclusion - Despite both stocks having solid earnings outlooks, PINE is identified as the superior value option based on the discussed valuation figures [7]

Core Insights - The article emphasizes the importance of a long-term investment strategy focused on compounding wealth over generations through careful asset management and selection [1]. Investment Strategy - The investment approach combines a business education background with diverse industry experience to identify opportunities in sectors such as Media, Marketing, Public Relations, Travel, Tourism, Hospitality, Corporate Events, and Software as a Service [1]. - The strategy includes reinvesting dividends from well-managed organizations, balancing current income with sustainable growth, and seeking investments with a substantial margin of safety and a wide economic moat [1]. Asset Management - The focus is on holding dividend growth stocks in taxable brokerage accounts while utilizing Roth IRAs for investments in Real Estate Investment Trusts (REITs) and Business Development Companies (BDCs) [1]. - The investment philosophy is not aimed at quick wealth accumulation but rather at building lasting wealth through disciplined investment practices [1].

Core Viewpoint - Alpine Income Property Trust, Inc. will report its financial and operating results for Q4 and full year 2024 on February 6, 2025, with a conference call scheduled for February 7, 2025 [1]. Group 1 - The company is a publicly traded real estate investment trust (REIT) focused on delivering attractive risk-adjusted returns and dependable cash dividends [3]. - The investment strategy involves 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 [3]. Group 2 - A live webcast of the conference 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 scheduled start time [2].

A downtrend has been apparent in Alpine Income (PINE) lately. While the stock has lost 5.4% over the past four weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ...

Core Insights - Alpine Income Property Trust (PINE) has acquired a property leased to Lowe's Home Improvement for $22.5 million, emphasizing its strategy of securing long-term leases with financially stable tenants [2] - In 2024, PINE completed $134.7 million in investments with a weighted average initial investment yield of 8.7%, showcasing effective asset acquisition strategies [3] - The company executed $75.6 million in property sales, improving its portfolio by reallocating resources from lower-growth properties to higher-performing assets [4] Investment Strategy - The acquisition of the Lowe's property, which has a lease term of approximately 13 years and an investment-grade tenant rating of BBB+, enhances PINE's cash flow stability [2] - PINE's portfolio now derives approximately 51% of its annual base rent (ABR) from investment-grade tenants, increasing cash flow reliability [5] - The weighted average remaining lease term has increased from 7.0 years to 8.8 years, extending income visibility and reducing renewal risk [5] Market Performance - PINE's shares have increased by 9.8% over the past six months, outperforming the real estate market's growth of 7.3% [6] - Analysts have revised upward the consensus estimate for funds from operations (FFO) per share for both 2024 and 2025, indicating a positive outlook [7]

Full Year Investment Activity Reached $134.7 Million; Dispositions Totaled $75.6 MillionWINTER PARK, Fla., Jan. 02, 2025 (GLOBE NEWSWIRE) -- 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 the acquisition of a property leased to Lowe’s Home Improvement, and updated fourth quarter and full year 2024 investment and disposition activity. 2024 Investment Activity Completed a $22.5 million ...

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Alpine Income (PINE) and Sunstone Hotel Investors (SHO) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate re ...

Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeking out high quality dividend stocks, and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth sto ...