Alpine Income Property Trust Third Quarter 2024 Earnings: Beats Expectations

In This Article:

Alpine Income Property Trust (NYSE:PINE) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$13.5m (up 17% from 3Q 2023).

  • Funds from operations (FFO): US$6.69m (up 14% from 3Q 2023).

  • FFO margin: 50% (down from 51% in 3Q 2023).

  • FFO per share: US$0.5 (up from US$0.43 in 3Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alpine Income Property Trust Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates.

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are up 3.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 5 warning signs for Alpine Income Property Trust (2 are a bit concerning!) that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.