Alpine Income Property Trust (PINE) Investor Presentation - Slideshow

Financial Snapshot - Q4 2019 Dividend per diluted share was approximately $0.06[4] - The stock price at IPO was $19.00[4] - Estimated FFO/Share for FY 2020 is projected to be between $1.20 and $1.30[4] - Estimated AFFO/Share for FY 2020 is projected to be between $1.15 and $1.25[4] - Total debt amounts to $10.5 million[5] - Shares outstanding are approximately 9,127,000[5] - Equity market capitalization stands at $173 million[5] Portfolio Overview - The initial Alpine portfolio consists of 24 assets[7] - The portfolio is 100% occupied with an 8.5-year weighted average remaining lease term[7] - The company has only utilized $10.5 million of its $100 million line of credit[7] - 89% of Annualized Base Rent (ABR) is derived from publicly-traded tenants[8] - 37% of ABR is from investment-grade tenants[8] - 83% of ABR comes from tenants located in MSAs with greater than 1 million people[8] - 58% of ABR is from leases with contractual increases in base rent[8] Portfolio Diversification - The portfolio is diversified across 18 markets, 12 states, and tenants in 14 industries[14] - 74% of ABR is located in the top 25 real estate markets[17] FY2020 Guidance - The company anticipates acquiring $120 million in income-producing assets[23] - The target investment yield (initial yield – unlevered) is projected to be between 6.5% and 7.5%[23]