Alpine Income Property reports Q2 AFFO EPS 44c, consensus 45c

Reports Q2 revenue $14.86M, consensus $14.39M. “We continued to effectively execute our strategy focused on accretive capital recycling and have supplemented it with opportunistic common stock repurchases during the first half of the year,” said John Albright, president and CEO of Alpine Income Property (PINE) Trust. “During the first half of 2025, we invested $85.9 million at a weighted average initial cash yield of 9.1% and sold $28.2 million of assets at a weighted average cash yield of 8.4%. Importantly, we believe that these activities have further strengthened our portfolio by reducing Walgreens to our 5th largest tenant and extending our weighted average remaining lease term to 8.9 years, up from 6.6 a year ago.”