NYSE$PINE

Alpine Income Property Trust Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Alpine Income Property Trust reported a net loss for the fourth quarter of 2024, but grew AFFO per share for the year, increased its dividend, and provided 2025 outlook.

Alpine Income Property Trust reported a net loss of $0.06 per diluted share for the fourth quarter of 2024. However, the company grew AFFO per share by 17% for the year and increased its dividend for Q1 2025. The company also closed investments of $134.7 million at an 8.7% cash yield in 2024.

  • Fourth Quarter Net Loss of $0.06 per diluted share and FFO and AFFO of $0.44 per diluted share
  • Closed Investments of $134.7 million at an 8.7% cash yield in 2024
  • Increased Dividend for Q1 2025
  • Provided 2025 Outlook

Headline financials

Total Revenue

$13.8M

Previous: $11.6M+19.1%
EPS (adj)

$0.44

Previous: $0.37+18.9%
Common Dividends Declared and Paid per Share

$0.28

No prior period
FFO Attributable to Common Stockholders Payout Ratio

60.6%

No prior period
AFFO Attributable to Common Stockholders Payout Ratio

60.3%

No prior period
Capital Expenditures

-$52M

Previous: -$3.07M-1593.8%
Net Income

-$958K

Previous: $370K-358.9%
Operating Income

$1.98M

Previous: $2.98M-33.7%

Revenue & EPS history

Alpine Income Property Trust · Revenue · Quarterly

$13.8M

Q4 2024+19.1%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
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 outlook for 2025 is based on current plans and assumptions and subject to risks and uncertainties more fully described in this press release and the Company's reports filed with the Commission.

Tailwinds

  • Investments between $50 million and $80 million
  • Dispositions between $20 million and $30 million
  • FFO per Diluted Share between $1.70 and $1.73
  • AFFO per Diluted Share between $1.70 and $1.73
  • Weighted Average Diluted Shares Outstanding between 16.0 million and 16.5 million

Headwinds

  • The outlook also assumes a $0.08 per diluted share impact in 2025 related to one recent and one anticipated vacancy that are both currently expected to remain vacant for the full year.

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 2024

Historical avgQ4 2024

+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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