Alpine Income Property reports Q3 AFFO 46c, consensus 43c

Reports Q3 revenue $14.56M, consensus $14.63M. “We produced a strong quarter of operational results, property transactions and loan investments activity, that brings our year-to-date investments through September 30th to $136 million at a weighted-average initial cash yield of 8.9%,” said John Albright, president and CEO of Alpine Income Property (PINE) Trust. “Further, we continue to selectively recycle properties to manage tenant credit, with Lowe’s and Dick’s Sporting Goods now representing our two top tenants and 48% of our ABR derived from investment grade rated tenants.”