MIL-OSI: Alpine Income Property Trust Reports Second Quarter 2021 Operating Results foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
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(1) See the “Non-GAAP Financial Measures” section and tables at the end of this press release for a discussion and reconciliation of Net Income to non-GAAP financial measures, including FFO, FFO per diluted share, AFFO and AFFO per diluted share.
CEO Comments
“Our first quarter reflects a strong start to 2021 as we increased our dividend by more than 9% from our previous quarterly dividend, invested in five properties for nearly $22 million, continued to collect 100% of contractual base rents from our 100% occupied portfolio, and assembled a robust pipeline of potential transactions to drive future growth,” noted John P. Albright, President and Chief Executive Officer of Alpine Income Property Trust. “We’re particularly excited to be entering into our first transaction with CTO Realty Growth, which we believe is an excellent opportunity to further diversify our already high-quality, well-located portfolio. Additionally, we’re going to explore the sale of one or
Long after we expected COVID-19 to go away, its effects continue. Customers have not yet restored their confidence and returned to brick and mortar retail as before COVID. Many wonder.
Select Highlights Announced successful completion of the Company s real estate investment trust ( REIT ) conversion and payment of the previously declared special distribution on the Company s shares of common stock through an aggregate of $5.6 million in cash and the issuance of 1,198,963 shares of the Company s common stock. Reported Net Income per diluted share of $16.60 and $16.69 for the quarter and year ended December 31, 2020, respectively. Reported FFO per diluted share of $2.11 and $5.84 for the quarter and year ended December 31, 2020, respectively. Reported AFFO per diluted share of $2.20 and $5.57 for the quarter and year ended December 31, 2020, respectively. Paid a regular cash dividend for the fourth quarter of 2020 of $1.00 per share on November 30, 2020 to shareholders of record as of November 16, 2020.