Alpine Income Property Trust (NYSE:PINE) Q3 2024 Results
Main financial results
Revenue: USD 13.5 million (up 17% from Q3 2023). Funds from operations (FFO): USD 6.69 million (up 14% from Q3 2023). FFO margin: 50% (down from 51% in Q3 2023). FFO per share: USD 0.5 (up from USD 0.43 in Q3 2023). NYSE:PINE Earnings and Revenue Growth October 19, 2024
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Alpine Income Property Trust’s revenue and profit exceeded expectations
Sales exceeded analysts’ expectations by 11%. Earnings per share (EPS) also exceeded analyst expectations.
Looking ahead, revenues are expected to increase by an average of 2.0% per year over the next three years, compared to a growth forecast of 3.8% for the US REIT industry.
Performance of the US REIT industry.
The company’s stock rose 3.2% from the previous week.
risk analysis
Finally, we’ve discovered 5 warning signs (2 are important!) for Alpine Income Property Trust you should be aware of.
New feature: Manage all your stock portfolios in one place
We’ve created the ultimate portfolio companion for stock investors. This is free.
• Connect an unlimited number of portfolios and see the total in one currency
• Alert you to new warning signs and risks via email or mobile phone
• Track the fair value of stocks
Try our demo portfolio for free
Do you have feedback on this article? Interested in its content? Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.