NYSE$PINE
Alpine Income Property Trust Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported strong capital recycling and earnings growth
Alpine Income Property Trust reported a strong second quarter in 2022, marked by strategic capital recycling, attractive asset pricing, and improved earnings growth. The company reinvested proceeds from dispositions into well-performing properties, enhancing overall portfolio quality and deleveraging the balance sheet.
- Net Income per diluted share attributable to the Company was $1.05.
- FFO per diluted share was $0.47, an increase of 23.7% from the prior year period.
- AFFO per diluted share was $0.47, an increase of 20.5% from the prior year period.
- Acquired 19 net lease retail properties for $43.6 million with a weighted average going-in cash cap rate of 7.0%.
Headline financials
Revenue & EPS history
Alpine Income Property Trust · Revenue · Quarterly
$11.3M
Revenue by segment
Alpine Income Property Trust · $30.8M total across 11 segments · Q2 2023
- Home Improvement$4.96M—16.1%
- Dollar Stores$4.96M—16.1%
- Pharmacy$4.96M—16.1%
- Sporting Goods$4.6M—14.9%
- Home Furnishings$2.62M—8.5%
- Consumer Electronics$2.3M—7.5%
- Grocery$1.99M—6.5%
- Entertainment$1.99M—6.5%
- Off-Price Retail$1.59M—5.2%
- Casual Dining$399K—1.3%
- Other$399K—1.3%
Forward guidance
The Company has increased its per share earnings outlook for 2022 to take into account the Company’s year-to-date performance and revised expectations regarding the Company’s investment activities, forecasted capital markets transactions, and other significant assumptions.
Tailwinds
- Acquisitions between $215 million and $235 million.
- Dispositions between $125 million and $175 million.
- FFO per Diluted Share between $1.60 and $1.65.
- AFFO per Diluted Share between $1.58 and $1.63.
- Weighted Average Diluted Shares Outstanding between 14.0 million and 14.5 million.
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 2022
+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
| Quarter | Report date | Reaction (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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