Alpine Income Property reports Q1 AFFO 44c, consensus 43c

Reports Q1 revenue $14.21M, consensus $14.11M. “In the first quarter, we completed investments that approached $80 million with a weighted average initial cash yield of 9.0%, again demonstrating our ability to successfully source and close attractive investments,” said John Albright, president and CEO of Alpine Income Property (PINE) Trust. “We also continued to selectively recycle capital with dispositions of properties that we believe provide positive benefits to our diversification and portfolio strength. As we look ahead, we believe that our property portfolio with a weighted average remaining lease term of 9.0 years combined with our ability to source attractive investments, should support our ability to continue to deliver strong results.”