Alpine Income Property Trust, Inc. (PINE) Tops Q1 EPS by 3c; offers outlook

Alpine Income Property Trust, Inc. (NYSE: PINE) reported Q1 EPS of ($0.02), $0.03 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $12.47 million versus the consensus estimate of $11.63 million.

OUTLOOK

The Company is maintaining its outlook for 2024 which assumes stable or improving economic activity, strong underlying business trends related to each of our tenants and other significant assumptions.

The Company’s outlook for 2024 is as follows:

Outlook Range for 2024
Investments $50 million $80 million
FFO per Diluted Share $1.51- $1.56
AFFO per Diluted Share $1.53- $1.58

For earnings history and earnings-related data on Alpine Income Property Trust, Inc. (PINE) click here.

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