Alpine Income (PINE) Tops Q3 FFO and Revenue Estimates

Alpine Income (PINE) reported quarterly FFO of $0.55 per share, beating consensus estimates of $0.53 and showing year-over-year growth from $0.46. The company also surpassed revenue expectations at $20.46 million. With favorable estimate revision trends, PINE received a Zacks Rank #1 (Strong Buy) rating and is expected to outperform the market in the near term, though it has underperformed the S&P 500 year-to-date.