Alpine Income Property Trust Reports Fourth Quarter and Full Year 2023 Operating Results
Alpine Income Property Trust, Inc. (PINE)
Last alpine income property trust, inc. earnings: 4/27 04:22 pm
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Source: GlobeNewswire
WINTER PARK, Fla., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced its operating results and earnings for the quarter and year ended December 31, 2023. Select Full Year 2023 Highlights Reported Net Income per diluted share attributable to the Company of $0.19 for the year ended December 31, 2023.Reported FFO per diluted share of $1.47 for the year ended December 31, 2023.Reported AFFO per diluted share of $1.49 for the year ended December 31, 2023.Acquired 14 net lease properties for total acquisition volume of $82.9 million at a weighted average going-in cash cap rate of 7.4%.Originated three first mortgage investments totaling $38.6 million of funding commitments at a weighted average initial yield of 9.1%.Sold 24 net lease properties for total disposition volume of $108.3 million at a weighted average exit cap rate of 6.3%, generating total gains of $9.3 million.Increased investment grade-rated tenant e
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PINE
News
- 4 REITs With Recent Price Target Cuts [Yahoo! Finance]Yahoo! Finance
- Alpine Income Property Trust, Inc. (NYSE: PINE) had its price target lowered by analysts at BTIG Research from $23.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- Alpine Income Property Trust, Inc. (NYSE:PINE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Alpine Income Property Trust First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Alpine Income Property Trust, Inc. (NYSE: PINE) had its price target lowered by analysts at Jonestrading from $19.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
PINE
Earnings
- 4/18/24 - Beat
PINE
Sec Filings
- 4/18/24 - Form 10-Q
- 4/18/24 - Form 8-K
- 4/9/24 - Form ARS
- PINE's page on the SEC website