Alpine Income Property Trust Announces Resignation of Mark O. Decker, Jr. from Board of Directors
Alpine Income Property Trust (NYSE: PINE) announced the resignation of Mark O. Decker, Jr. from its Board of Directors, effective October 4, 2024. Andrew Richardson, Chairman of the Board, expressed gratitude for Decker's contributions over the past five years, highlighting his role in the company's growth and success. The company will immediately begin searching for a qualified replacement to fill the board vacancy.
Mr. Decker thanked the PINE team for their support and expressed pride in the company's accomplishments, stating his belief in PINE's positioning for continued success. Alpine Income Property Trust is a publicly traded REIT focused on delivering attractive risk-adjusted returns and dependable cash dividends through investments in single tenant net leased commercial income properties leased to high-quality tenants.
Alpine Income Property Trust (NYSE: PINE) ha annunciato la dimissione di Mark O. Decker, Jr. dal suo Consiglio di Amministrazione, con effetto dal 4 ottobre 2024. Andrew Richardson, Presidente del Consiglio, ha espresso gratitudine per i contributi di Decker negli ultimi cinque anni, sottolineando il suo ruolo nella crescita e nel successo dell'azienda. L'azienda inizierà immediatamente a cercare un sostituto qualificato per colmare la vacanza nel consiglio.
Il signor Decker ha ringraziato il team di PINE per il loro supporto ed ha espresso orgoglio per i risultati raggiunti dall'azienda, affermando di credere nella posizione di PINE per il continuo successo. Alpine Income Property Trust è un REIT quotato in borsa focalizzato nel fornire rendimenti interessanti aggiustati per il rischio e dividendi in contante affidabili attraverso investimenti in proprietà commerciali a locazione netta affittate a inquilini di alta qualità.
Alpine Income Property Trust (NYSE: PINE) anunció la renuncia de Mark O. Decker, Jr. de su Junta Directiva, con efecto a partir del 4 de octubre de 2024. Andrew Richardson, Presidente de la Junta, expresó su agradecimiento por las contribuciones de Decker en los últimos cinco años, resaltando su papel en el crecimiento y éxito de la empresa. La compañía comenzará de inmediato la búsqueda de un reemplazo calificado para ocupar la vacante en la junta.
El Sr. Decker agradeció al equipo de PINE por su apoyo y expresó su orgullo por los logros de la empresa, afirmando su creencia en la posición de PINE para continuar teniendo éxito. Alpine Income Property Trust es un REIT que cotiza en bolsa enfocado en proporcionar atractivos rendimientos ajustados por riesgo y dividendos en efectivo confiables a través de inversiones en propiedades comerciales arrendadas a inquilinos de alta calidad.
알파인 소득 자산 신탁 (NYSE: PINE)은 이사회에서 Mark O. Decker, Jr.가 사임했다는 것을 발표했습니다, 2024년 10월 4일부터 효력이 있습니다. 이사회의 의장인 Andrew Richardson은 Decker가 지난 5년 동안 기여한 바에 대해 감사의 뜻을 표하며, 그의 역할이 회사의 성장과 성공에 얼마나 중요한지를 강조했습니다. 회사는 즉시 자격 있는 후임자를 찾기 시작할 것입니다 이사회의 공석을 채우기 위해.
Decker 씨는 PINE 팀의 지원에 감사하고, 회사의 성취에 자부심을 표현하며 PINE이 계속 성공할 수 있는 위치에 있다는 믿음을 나타냈습니다. 알파인 소득 자산 신탁은 상장된 REIT로, 고품질 세입자에게 임대된 단일 세입자 순 임대 상업 소득 부동산에 대한 투자로 매력적인 위험 조정 수익 및 신뢰할 수 있는 현금 배당금을 제공하는 데 중점을 두고 있습니다.
Alpine Income Property Trust (NYSE: PINE) a annoncé la démission de Mark O. Decker, Jr. de son Conseil d'Administration, effective à partir du 4 octobre 2024. Andrew Richardson, Président du Conseil, a exprimé sa gratitude pour les contributions de Decker au cours des cinq dernières années, soulignant son rôle dans la croissance et le succès de l'entreprise. La société commencera immédiatement à rechercher un remplaçant qualifié pour occuper le poste vacant au conseil.
M. Decker a remercié l'équipe de PINE pour leur soutien et a exprimé sa fierté concernant les réalisations de l'entreprise, affirmant croire en la position de PINE pour continuer à connaître le succès. Alpine Income Property Trust est un REIT coté en bourse axé sur la fourniture de rendements attractifs ajustés au risque et de dividendes en espèces fiables grâce à des investissements dans des propriétés commerciales locatives à locataires de haute qualité.
Alpine Income Property Trust (NYSE: PINE) hat die Rücktritt von Mark O. Decker, Jr. aus seinem Vorstand bekannt gegeben, der am 4. Oktober 2024 wirksam wird. Andrew Richardson, Vorsitzender des Vorstands, drückte seine Dankbarkeit für Deckers Beiträge in den letzten fünf Jahren aus und hob seine Rolle für das Wachstum und den Erfolg des Unternehmens hervor. Das Unternehmen wird sofort mit der Suche nach einem qualifizierten Nachfolger beginnen, um die Vorstandslücke zu schließen.
Herr Decker bedankte sich beim PINE-Team für deren Unterstützung und äußerte seinen Stolz auf die Errungenschaften des Unternehmens, indem er seine Überzeugung zum Ausdruck brachte, dass PINE weiterhin erfolgreich sein wird. Alpine Income Property Trust ist ein börsennotierter REIT, der sich darauf konzentriert, attraktive risikogerechte Renditen und zuverlässige Barausschüttungen durch Investitionen in kommerzielle Netto-Mietobjekte zu erzielen, die an hochwertige Mieter vermietet sind.
- Board initiating immediate search for qualified replacement director
- Company positioned for continued success according to departing director
- Loss of experienced board member with 5 years of company knowledge
WINTER PARK, Fla., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced that Mark O. Decker, Jr., has notified the Company of his resignation from the Company’s Board of Directors, effective October 4, 2024.
“On behalf of the Board, I want to thank Mark for his contributions to PINE over the last five years,” said Andrew Richardson, Chairman of the Board of PINE. “Mark’s knowledge and experience have been important in the Company’s growth and success. The Company will commence immediately the search for a qualified replacement to fill the vacancy on the Board.”
“I want to thank the PINE team for their commitment and support,” said Mr. Decker. “I am proud of what we’ve accomplished and know that the Company is well positioned for continued success.”
About Alpine Income Property Trust, Inc.
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants.
Safe Harbor
This press release may contain “forward-looking statements.” Forward-looking statements include statements that may be identified by words such as “continued,” “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include general business and economic conditions, continued volatility and uncertainty in the credit markets and broader financial markets, risks inherent in the real estate business, including tenant defaults, potential liability relating to environmental matters, credit risk associated with the Company investing in first mortgage investments, illiquidity of real estate investments and potential damages from natural disasters, the impact of epidemics or pandemics (such as the COVID-19 Pandemic and its variants) on the Company’s business and the business of its tenants and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally, other factors affecting the Company’s business or the business of its tenants that are beyond the control of the Company or its tenants, and the factors set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Contact:
Philip R. Mays
Senior Vice President, Chief Financial Officer and
Treasurer
(407) 904-3324
pmays@alpinereit.com
FAQ
When did Mark O. Decker, Jr. resign from Alpine Income Property Trust's Board of Directors?
How long did Mark O. Decker, Jr. serve on PINE's Board of Directors?
What is Alpine Income Property Trust's stock symbol?
What type of properties does Alpine Income Property Trust (PINE) invest in?
