NYSE$PINE

Alpine Income Property Trust Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Operating results for the quarter ended June 30, 2020, were reported.

Alpine Income Property Trust reported a net income per diluted share of $0.03, FFO per diluted share of $0.29, and AFFO per diluted share of $0.16 for the second quarter of 2020. The company collected 81% of contractual base rent due during the quarter and 94% of contractual base rent due in July 2020. Two single-tenant income properties were acquired for approximately $28.6 million.

  • Net Income per diluted share attributable to PINE of $0.03
  • FFO per diluted share of $0.29
  • AFFO per diluted share of $0.16
  • Collected 94% of the Contractual Base Rent due in July 2020

Headline financials

Total Revenue

$4.59M

Previous: $3.09M+48.7%
EPS (adj)

$0.29

Previous: $0.12+151.7%
% of ABR Attributable to Credit Rated Tenants

81.0%

No prior period
Capital Expenditures

-$76.1M

No prior period
Free Cash Flow

-$75.8M

No prior period
Net Income

$240K

Previous: $1.05M-77.1%
Operating Income

$623K

Previous: $1.05M-40.8%
Gross Profit

$3.19M

Previous: $2.71M+17.8%
Cash & Equivalents

$1.23M

No prior period
Total Assets

$227M

No prior period
Stock-Based Comp

$36.2K

No prior period

Revenue & EPS history

Alpine Income Property Trust · Revenue · Quarterly

$4.59M

Q2 2020+48.7%vs Q2 2019
Beat estimate in 5 of 9 quarters(56%)
ActualEstimate

Revenue by segment

Alpine Income Property Trust · $1.22M total across 6 segments · Q2 2020

  • Entertainment
    $444K
  • Pharmacy
    $246K
  • Consumer Electronics
    $197K
  • Home Improvement
    $173K
  • Sporting Goods
    $118K
  • Dollar Stores
    $40K

Forward guidance

The Company is reintroducing its guidance for the full year ending December 31, 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+1.4%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+0.4%

Avg return

30 days after

60%

15 / 25 earnings

Positive

+13.8%

Q1 2020

Best reaction

-12.7%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-2.9%-2.8%
Q4 2025+6.3%+5.7%+5.7%
Q3 2025-0.4%+4.0%+20.0%
Q2 2025-0.4%+1.6%+0.1%
Q1 2025-4.9%-5.1%-8.5%
Q4 2024-6.4%-7.1%-4.3%
Q3 2024+3.2%+1.5%-1.5%
Q2 2024-0.8%+2.1%+2.2%
Q1 2024+2.0%+6.1%+8.6%
Q4 2023+2.0%+1.6%+3.7%
Q3 2023-12.7%-11.1%-3.1%
Q2 2023+2.2%+2.5%+2.3%
Q1 2023+1.0%-0.4%-1.8%
Q4 2022+2.1%-3.8%-17.7%
Q3 2022+2.1%+7.1%+10.4%
Q2 2022+3.2%+5.0%+1.7%
Q1 2022-0.4%-0.6%-6.5%
Q4 2021-0.3%-3.4%-1.5%
Q2 2021-0.3%-3.7%-9.8%
Q1 2021+2.1%+0.0%-0.1%
Q4 2020+8.0%+7.8%+3.4%
Q3 2020+10.1%+4.2%+7.3%
Q2 2020+3.6%+1.2%+0.9%
Q1 2020+13.8%+11.7%+8.5%
Q4 2019+0.4%+0.3%-7.7%
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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