财务数据和关键指标变化 - FFO和AFFO均为每股0.43美元,较2023年同期增长16% [19] - 收益增长主要来自贷款组合的利息收入以及之前的资产回收 [19] - 本季度其他收入包括100,000美元的非经常性租赁佣金 [19] - 公司的G&A为160万美元,与上一季度和去年同期基本持平 [20] 各条业务线数据和关键指标变化 - 公司投资组合的加权平均初始收益率为9.8%,处置加权平均退出收益率为7.7% [12] - 公司投资组合99%出租,由137处资产组成,总面积380万平方英尺,涵盖23个行业和34个州 [13] - 公司前五大租户均为投资级信用评级,占总年化基础租金的67%,较去年同期增加400个基点 [14] 各个市场数据和关键指标变化 - 小型净租赁物业(500万美元以下)市场仍活跃,大型物业交易较少 [28] - 公司最近收购的物业租期低于加权平均租期,但公司有信心租户会续租 [29][31] - 公司正在积极减少沃尔格林的敞口,目前有两处沃尔格林在销售过程中 [13][36][37] 公司战略和发展方向及行业竞争 - 公司将继续进行资产回收并投资于收益更高的优质贷款 [8][9][10][11] - 公司正在寻找投资机会,并计划继续以更高收益率进行资产回收 [9] - 公司目前交易价格远低于其资产组合的隐含8%资本化率和账面价值,具有较高的股息收益率和良好的自由现金流及AFFO增长前景 [15] 管理层对经营环境和未来前景的评论 - 管理层对公司前景持乐观态度,预计全年FFO和AFFO指引将分别上调4.6%和3.8% [16] - 公司不需依赖公开市场就可以成为净收购方,将继续通过出售沃尔格林资产获得资金进行再投资 [39] - 公司看好贷款投资组合的长期前景,认为在正常化的银行市场环境下仍有机会 [69][71] 其他重要信息 - 公司已完成13.6百万美元的贷款资产证券化交易,获得A-评级 [11][23] - 公司目前有185百万美元的流动性,无2026年之前的债务到期 [22] 问答环节重要的提问和回答 问题1 **Gaurav Mehta 提问** 询问公司对净租赁物业交易市场的观察 [27] **John Albright 回答** 小型物业市场仍活跃,大型物业交易较少,但环境较上季有所好转 [28] 问题2 **RJ Milligan 提问** 询问公司沃尔格林资产的租期情况及处置计划 [35] **John Albright 回答** 沃尔格林资产加权平均租期约8年,公司正在积极减少沃尔格林敞口 [36][37] 问题3 **John Massocca 提问** 询问公司贷款投资组合的长期规划 [68] **John Albright 回答** 公司目前看好贷款投资组合的机会,但长期来看会逐步减少此类投资,回归纯粹的净租赁资产模式 [69][71]

Alpine Income (PINE) reported $12.49 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 9.2%. EPS of $0.43 for the same period compares to $0.01 a year ago. 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%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

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 has ...

Exhibit 99.1 Press Release Contact: Philip R. Mays Senior Vice President, Chief Financial Officer and Treasurer (407) 904-3324 pmays@alpinereit.com FOR IMMEDIATE RELEASE ALPINE INCOME PROPERTY TRUST REPORTS SECOND QUARTER 2024 OPERATING RESULTS 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. Select Highlights ◾ Reported Net Income per diluted share attributable ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39143 Maryland 84-2769895 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification N ...

文章核心观点 公司将于2024年7月18日发布2024年第二季度的财务和经营业绩,并于7月19日上午9点举行电话会议讨论相关情况 [1][2][3] 公司概况 - Alpine Income Property Trust, Inc.是一家上市的房地产投资信托公司,专注于投资、拥有和运营单一租户净租赁物业,这些物业主要租赁给优质的上市和信用评级良好的租户 [4] - 公司鼓励投资者查看最新的投资者演示文稿,该文稿可在公司网站上获得 [5]

Alpine Income Property Trust, Inc. (PINE) has provided an update on its year-to-date investment and disposition activities. The company purchased a two-tenant net leased retail property during the second quarter for $14.6 million. This property, spanning approximately 101,000 square feet and situated on 7.38 acres, is fully leased to investment- grade-rated tenants, namely Best Buy and Golf Galaxy (Dick’s Sporting Goods). The tenants have a weighted average remaining lease term of 4.6 years. The acquisition ...

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 REITs 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 ...

adventtr Investment Thesis The ongoing market conditions significantly limited Alpine Income Property Trust's (NYSE:PINE) ability to grow acquisition-wise during the 2023 - 2024 YTD period. The management presented a coherent investment strategy reflected in PINE's business decisions that the Company intends to follow until the market conditions improve or the gap between buyers' and sellers' expectations narrows. While the Company offers an attractive dividend yield and has a seemingly opportunistic valuat ...