Alpine Income Property Trust Inc (N:PINE)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 369 N. NEW YORK AVE., SUITE 201 WINTER PARK FL 32789 |
| Tel: | N/A |
| Website: | https://alpinereit.com |
| IR: | See website |
| Key People | ||
| John P. Albright President, Chief Executive Officer, Director | Lisa Vorakoun Interim Chief Financial Officer, Treasurer | Steven Robert Greathouse Senior Vice President, Chief Investment Officer | Daniel Earl Smith Senior Vice President, General Counsel, Corporate Secretary |
| Business Overview |
| Alpine Income Property Trust, Inc. is a real estate investment trust. The Company seeks to deliver risk-adjusted returns and cash dividends by investing in, owning, and operating a portfolio of single tenant net leased properties that are predominately leased to publicly traded and credit-rated tenants. The Company's primary objective is to maximize cash flow and value per share by generating stable and growing cash flows and risk-adjusted returns through the ownership, operation, and growth through acquisition of a diversified portfolio of net leased commercial properties with a long-term real estate fundamental and through the investment of commercial loans secured by commercial real estate. The Company operates through two segments: income properties and commercial loans and investments. The 138 properties in the Company's portfolio represents approximately 3.8 million of gross rentable square feet with leases that have a weighted average lease term of seven years. |
| Financial Overview |
| For the three months ended 31 March 2024, Alpine Income Property Trust Inc revenues increased 12% to $12.5M. Net loss totaled $260K vs. income of $3.3M. Revenues reflect Funds from Operations - Per Share - Dilu increase of 14% to $0.41, Interest Income from Commercial Loans an increase from $0K to $903K, Lease Income increase of 3% to $11.5M. Net loss reflects Gain on Disposition of Assets decrease from $4.5M (income) to $0K. |
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