Alpine Income Property Trust Inc reports results for the quarter ended in December - Earnings Summary

Alpine Income Property Trust

09/02/2024 06:21

* Alpine Income Property Trust Inc  PINE.N  reported
quarterly
adjusted earnings of 2 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 34 cents.  The mean expectation of
four analysts for the quarter was for a loss of 3 cents per
share. Wall Street expected results to range from -6 cents to 1
cents per share.
    * Revenue fell 0.1% to $11.58 million from a year ago;
analysts
expected $11.65 million. 
    * Alpine Income Property Trust Inc's reported EPS for the
quarter
was 2 cents​.
    * The company reported quarterly net income of $335
thousand.
    * Alpine Income Property Trust Inc shares had fallen
by 10.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
reits
peer group is also "buy"

Wall Street's median 12-month price target for Alpine Income
Property Trust Inc is $19.00 
This summary was machine generated from LSEG data February 9 at
06:21 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.37           0.37           Met
 Sep. 30 2023      0.39           0.37           Missed
 Jun. 30 2023      0.37           0.37           Met
 Mar. 31 2023      0.37           0.36           Missed