05:09 PM EDT, 07/18/2024 (MT Newswires) -- Alpine Income Property Trust ( PINE ) reported Q2 adjusted funds from operations late Thursday of $0.43 per diluted share, up from $0.37 a year earlier.

Analysts polled by Capital IQ expected $0.39.

Revenue in the quarter ended June 30 rose to $12.5 million from $11.4 million a year earlier.

Analysts surveyed by Capital IQ expected $12.2 million.

The company boosted 2024 adjusted FFO guidance to $1.60 to $1.64 a share from $1.53 to $1.58.

Analysts polled by Capital IQ expect $1.59.

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