- Alpine Income Property Trust is very well-diversified across locations, tenants and businesses.
- The company is significantly undervalued compared to its peers, probably due to the fact that it is being externally managed by CTO Realty Growth.
- The company reported 100% rent collection and 100% occupancy rate in 2021.
- While cap rates are declining, the company is fortunate enough to have quite limited exposure to floating rate debt and the first maturity will occur in 2024.
- From a P/FFO perspective and after adding the decent dividend and the rapid revenue growth, I believe that the company represents a nice investment opportunity.
For further details see:
Alpine Income Property Trust Heads Up Ahead Of Earnings: Undervalued And Rapidly Growing