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

Alpine Income Property Trust

19/04/2024 04:26

* Alpine Income Property Trust Inc  PINE.N  reported a
quarterly
adjusted loss of 2 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 21 cents.  The mean expectation of four analysts
for the quarter was for a loss of 5 cents per share. Wall Street
expected results to range from -7 cents tozero cents per share.
    * Revenue rose 11.6% to $12.47 million from a year ago;
analysts
expected $11.66 million. 
    * Alpine Income Property Trust Inc's reported EPS for the
quarter
was a loss of 2 cents​.
    * The company reported a quarterly loss of $260 thousand.
    * Alpine Income Property Trust Inc shares had fallen by 4.6%
this
quarter and lost 13.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $19.00 
This summary was machine generated from LSEG data April 19 at
03:26 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
 Mar. 31 2024      0.38           0.41           Beat
 Dec. 31 2023      0.37           0.37           Met
 Sep. 30 2023      0.39           0.37           Missed
 Jun. 30 2023      0.37           0.37           Met