Alpine Income Property Trust Inc ( (PINE) ) has released its Q2 earnings. Here is a breakdown of the information Alpine Income Property Trust Inc presented to its investors.
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Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust (REIT) that specializes in owning and operating single tenant net leased commercial income properties, primarily leased to high-quality, publicly traded, and credit-rated tenants.
In its second quarter 2025 earnings report, Alpine Income Property Trust highlighted its strategic focus on accretive capital recycling and opportunistic stock repurchases. The company invested $85.9 million in the first half of 2025, achieving a weighted average initial cash yield of 9.1%, while selling $28.2 million of assets at a weighted average cash yield of 8.4%.
Key financial metrics from the report include total revenues of $14.863 million for the second quarter, up from $12.490 million in the same period in 2024. However, the company reported a net loss attributable to PINE of $1.641 million for the quarter. Despite the loss, the company’s Funds From Operations (FFO) and Adjusted Funds From Operations (AFFO) per diluted share remained stable at $0.44.
The company’s property portfolio as of June 30, 2025, consisted of 129 properties across 34 states, with a weighted average remaining lease term of 8.9 years and an occupancy rate of 98.2%. The portfolio is diversified across various industries, with significant exposure to sporting goods, home improvement, and dollar stores.
Looking ahead, Alpine Income Property Trust reaffirms its 2025 outlook, projecting investments between $100 million and $130 million and dispositions between $50 million and $70 million. The company aims to maintain its focus on strategic growth and portfolio optimization to deliver attractive risk-adjusted returns and dependable cash dividends to its shareholders.