Alpineome Property Trust (Alpineome Property Trust) Interest Expense : $-9.60 Mil (TTM As of Mar. 2024)

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What is Alpineome Property Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alpineome Property Trust's interest expense for the three months ended in Mar. 2024 was $ -2.94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-9.60 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Alpineome Property Trust's Operating Income for the three months ended in Mar. 2024 was $ 2.61 Mil. Alpineome Property Trust's Interest Expense for the three months ended in Mar. 2024 was $ -2.94 Mil. Alpineome Property Trust's Interest Coverage for the quarter that ended in Mar. 2024 was 0.89. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Alpineome Property Trust Interest Expense Historical Data

The historical data trend for Alpineome Property Trust's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Alpineome Property Trust Interest Expense Chart

Alpineome Property Trust Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.28

-3.34

-8.94

-9.46

Alpineome Property Trust Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.61	-2.26	-2.44	-1.96	-2.94

Alpineome Property Trust Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-9.60 Mil.

Alpineome Property Trust (NYSE:PINE) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Alpineome Property Trust's Interest Expense for the three months ended in Mar. 2024 was $-2.94 Mil. Its Operating Income for the three months ended in Mar. 2024 was $2.61 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $278.30 Mil.

Alpineome Property Trust's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2.614	/	-2.935
	=	0.89

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Alpine Income Property Trust Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Alpineome Property Trust (Alpineome Property Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Alpine Income Property Trust Inc (NYSE:PINE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1140 N. New York Avenue, Suite 201, Winter Park, FL, USA, 32789

Website

https://www.alpinereit.com

Alpine Income Property Trust Inc is a real estate company. It owns and operates a portfolio of single-tenant commercial properties. The company's portfolio is comprised of single-tenant retail and office properties located in or in close proximity to MSAs, growth markets and other markets in the United States. The majority of the firm's revenue includes rental revenue derived from the ownership and leasing of property.

Executives

John P Albright	director, officer: President and CEO	PO BOX 10809, DAYTONA BEACH FL 32120
Decker Mark Okey Jr	director	10414 NEW ASCOT DRIVE, GREAT FALLS VA 22066
Consolidated Tomoka Land Co	10 percent owner	369 N. NEW YORK AVE., SUITE 201, WINTER PARK FL 32789
Daniel Earl Smith	officer: See Remarks	P.O. BOX 10809, DAYTONA BEACH FL 32120
Wein Rachel Elias	director	PO BOX 10809, DAYTONA BEACH FL 32120
Matthew Morris Partridge	officer: Sr. VP & CFO	70 E. LONG LAKE, BLOOMFIELD HILLS MI 48304
Lisa Vorakoun	officer: VP & Chief Accounting Officer	1140 N. WILLIAMSON BLVD., SUITE 140, DAYTONA BEACH FL 32114
Steven Robert Greathouse	officer: See Remarks	PO BOX 10809, DAYTONA BEACH FL 32120
Mark E Patten	officer: See Remarks	PO BOX 10809, DAYTONA BEACH FL 32120
Andrew C Richardson	director	527 MADISON AVENUE, 16TH FLOOR, NEW YORK NY 10022
Jeffrey Scott Yarckin	director	PO BOX 10809, DAYTONA BEACH FL 32120
Morton Carson Good	director	PO BOX 10809, DAYTONA BEACH FL 32120