04:58 PM EDT, 10/17/2024 (MT Newswires) -- Alpine Income Property Trust ( PINE ) reported Q3 adjusted funds from operations late Thursday of $0.44 per diluted share, up from $0.38 a year earlier.

Analysts polled by Capital IQ expected $0.40.

Revenue for the quarter ended Sept. 30 rose to $13.5 million from $11.6 million a year earlier.

Analysts surveyed by Capital IQ expected $12.2 million.

The company raised its 2024 adjusted FFO guidance to $1.69 to $1.71 per diluted share from $1.60 to $1.64. Analysts polled by Capital IQ expect $1.66.

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