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Alpine Income Property Trust Inc (PINE)
NYSE:PINE
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 17, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -7.56%
|Next Earnings Date:Jul 17, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong start to the year with positive growth in AFFO, an increased dividend, and robust investment activity. The company showed strategic financial management through share buybacks and interest rate swaps. However, high leverage and negative NOI properties were concerns. The overall sentiment is slightly positive but with caution due to these lowlights.Company Guidance
In the first quarter of 2025, Alpine Income Property Trust, Inc. reported strong performance, with AFFO reaching $0.44 per diluted share, marking a 5% increase year-over-year. The company raised its quarterly dividend to $0.285 and maintained one of the highest dividend yields in the sector. The quarter's investment activity included acquiring three properties for $39.7 million at an 8.6% cap rate and originating two mortgages totaling $39.5 million at a 9.5% yield. Overall, investment activity for the quarter totaled $79.2 million at a 9% initial yield. Dispositions included three property sales for $11.7 million at a 9.1% cap rate. The company ended the quarter with $65 million in liquidity and net debt to pro forma adjusted EBITDA of 7.9x, with no debt maturing until 2026. FFO and AFFO grew by 7.3% and 4.8%, respectively, compared to the prior year. Alpine raised its full-year 2025 FFO and AFFO guidance to $1.74 to $1.77 per diluted share, driven by successful investment activities and share repurchases.AFFO Growth and Dividend Increase
Achieved AFFO of $0.44 per diluted share for the quarter, representing growth of approximately 5% compared to the first quarter of last year. Raised the common dividend to a new quarterly rate of $0.285.
Robust Investment Activity
Acquired three properties for $39.7 million at a cap rate of 8.6% and originated two mortgages for a total of $39.5 million with a yield of 9.5%. Total investment activity was $79.2 million at a yield of 9%.
Extended Weighted Average Lease Term
Average weighted lease term (WALT) for acquisitions was 14.3 years, improving portfolio WALT to nine years from 6.9 years a year ago.
Share Buyback and Interest Rate Management
Repurchased approximately 274,000 common shares for $4.5 million at an average price of $16.33 per share. Executed a SOFR swap fixing $50 million of principal at 3.43%.
Increased Guidance for 2025
Increased FFO and AFFO guidance for the full year 2025 to a range of $1.74 to $1.77 per diluted share from the prior range of $1.70 to $1.73.
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PINE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PINE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 24, 2025 | $16.28 | $15.48 | -4.91% |
Feb 06, 2025 | $16.90 | $15.93 | -5.74% |
Oct 17, 2024 | $17.08 | $17.86 | +4.57% |
Jul 18, 2024 | $15.98 | $16.00 | +0.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alpine Income Property Trust Inc (PINE) report earnings?
Alpine Income Property Trust Inc (PINE) is schdueled to report earning on Jul 17, 2025, TBA Not Confirmed.
What is Alpine Income Property Trust Inc (PINE) earnings time?
Alpine Income Property Trust Inc (PINE) earnings time is at Jul 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PINE EPS forecast?
PINE EPS forecast for the fiscal quarter 2025 (Q2) is -0.02.
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