Alpine Income Property Trust Inc
NYSE:PINE
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Alpine Income Property Trust Inc
Alpine Income Property Trust, Inc. is a real estate company, which owns and operates portfolio of single-tenant commercial properties. The company is headquartered in Daytona Beach, Florida and currently employs 0 full-time employees. The company went IPO on 2019-11-22. The firm's investment objective is to maximize cash flow and value per share by generating growing cash flows and risk-adjusted returns through owning, operating and growing a portfolio of net leased commercial properties. Its portfolio is comprised of net leased properties primarily located in or in close proximity to prime Metropolitan Statistical Areas and other markets in the United States. The properties in its portfolio are primarily triple-net leases, which requires the tenant to pay all of the property operating expenses, such as real estate taxes, insurance, assessments and other governmental fees, utilities, repairs and maintenance and certain capital expenditures. Its portfolio consists of approximately 112 net leased retail properties located in approximately 76 markets in 32 states.
Alpine Income Property Trust, Inc. is a real estate company, which owns and operates portfolio of single-tenant commercial properties. The company is headquartered in Daytona Beach, Florida and currently employs 0 full-time employees. The company went IPO on 2019-11-22. The firm's investment objective is to maximize cash flow and value per share by generating growing cash flows and risk-adjusted returns through owning, operating and growing a portfolio of net leased commercial properties. Its portfolio is comprised of net leased properties primarily located in or in close proximity to prime Metropolitan Statistical Areas and other markets in the United States. The properties in its portfolio are primarily triple-net leases, which requires the tenant to pay all of the property operating expenses, such as real estate taxes, insurance, assessments and other governmental fees, utilities, repairs and maintenance and certain capital expenditures. Its portfolio consists of approximately 112 net leased retail properties located in approximately 76 markets in 32 states.
AFFO Growth: AFFO per share grew 4.5% year-over-year in Q3, reflecting strong earnings performance.
Investment Activity: Significant acquisitions and loan originations during and after the quarter are expected to drive growth into 2025 and 2026.
Guidance Raised: Full-year 2025 FFO and AFFO guidance was increased to a range of $1.82 to $1.85 per share from $1.74 to $1.77.
Dividend Coverage: The quarterly $0.25 dividend represents an 8.25% yield and is well covered with an AFFO payout ratio of 62%.
Portfolio Quality: Occupancy is approximately 99.4%; investment-grade tenants make up 48% of annual base rent.
Active Capital Recycling: Funding for investments will come from asset sales, loan maturities, and revolving credit, with leverage managed proactively.
Loan Portfolio Expansion: Loan investments are increasing, with new loans yielding up to 17% due to short durations and flexible terms.
