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

Alpine Income Property Trust

18/07/2024 22:21

* Alpine Income Property Trust Inc  PINE.N  reported
quarterly
adjusted earnings of 1 cent​​ per share for the quarter ended in
June, identical to the same quarter last year.  The mean
expectation of four analysts for the quarter was for breakeven
results per share. Wall Street expected results to range from -5
cents to 3 cents per share.
    * Revenue rose 9.2% to $12.49 million from a year ago;
analysts
expected $12.27 million. 
    * Alpine Income Property Trust Inc's reported EPS for the
quarter
was 1 cent​.
    * The company reported quarterly net income of $204
thousand.
    * Alpine Income Property Trust Inc shares had risen by 8.8%
this
quarter and gained 0.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "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 $18.00 
This summary was machine generated from LSEG data July 18 at
09:21 p.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
 Jun. 30 2024      0.38           0.43           Beat
 Mar. 31 2024      0.38           0.41           Beat
 Dec. 31 2023      0.37           0.37           Met
 Sep. 30 2023      0.39           0.37           Missed