NYSE$PINE

Alpine Income Property Trust Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported operating results for the fourth quarter and full year 2021.

Alpine Income Property Trust reported strong fourth-quarter results, highlighted by a significant increase in net income per share, driven by strategic acquisitions and dispositions, and an increase in dividends.

  • Net Income per diluted share attributable to the Company was $0.64.
  • FFO per diluted share was $0.42.
  • AFFO per diluted share was $0.41.
  • Acquired 26 net lease retail properties for $101.6 million with a weighted average going-in cash cap rate of 6.2%.

Headline financials

Total Revenue

$9.47M

Previous: $5.39M+75.9%
EPS (adj)

$0.42

Previous: $0.36+16.7%
Weighted Average Remaining Lease Term

7.9

No prior period
Net Income

$9.55M

Previous: $216K+4320.8%
Operating Income

$11M

Previous: $703K+1457.9%
Gross Profit

$8.19M

Previous: $4.77M+71.5%
Cash & Equivalents

$8.85M

Previous: $1.89M+367.3%
Total Assets

$506M

Previous: $262M+92.8%
Stock-Based Comp

$78K

Previous: $96.7K-19.4%

Revenue & EPS history

Alpine Income Property Trust · Revenue · Quarterly

$9.47M

Q4 2021+75.9%vs Q4 2020
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Revenue by segment

Alpine Income Property Trust · $30.8M total across 11 segments · Q2 2023

  • Home Improvement
    $4.96M
  • Dollar Stores
    $4.96M
  • Pharmacy
    $4.96M
  • Sporting Goods
    $4.6M
  • Home Furnishings
    $2.62M
  • Consumer Electronics
    $2.3M
  • Grocery
    $1.99M
  • Entertainment
    $1.99M
  • Off-Price Retail
    $1.59M
  • Casual Dining
    $399K
  • Other
    $399K

Forward guidance

The Company’s initial 2022 outlook assumes stable or improving economic activity and strong underlying business trends.

Tailwinds

  • Acquisitions between $200 million and $250 million
  • FFO per Diluted Share between $1.53 and $1.58
  • AFFO per Diluted Share between $1.51 and $1.56
  • Dispositions between $40 million and $50 million
  • Weighted Average Diluted Shares Outstanding between 17.0 million and 18.5 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 Q4 2021

Historical avgQ4 2021

+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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