1. Alpine Income Property Trust, Inc. reported a comprehensive earnings beat for Q3, leading to higher full-year guidance. 2. The REIT's portfolio occupancy decreased, but average rent per square foot increased, and weighted average lease terms extended. 3. The company's loan book income surged, diversifying and smoothing revenue, with operating expenses dropping due to lower impairment provisions. 4. Valuation metrics show Alpine's forward P/FFO and P/AFFO ratios are below sector averages, indicating a favorable investment outlook.
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