Alpine Income Property Trust Declares Dividend for the Third Quarter 2024
Alpine Income Property Trust (NYSE: PINE) has declared a quarterly cash dividend of $0.280 per share for the third quarter of 2024. This represents a 1.8% increase from the previous dividend of $0.275 per share. The dividend will be payable on September 30, 2024, to stockholders of record as of September 12, 2024. Based on the closing price of PINE's common stock on August 19, 2024, this dividend reflects an annualized yield of approximately 6.4%.
Alpine Income Property Trust is a publicly traded REIT that focuses on investing in, owning, and operating a portfolio of single-tenant net leased commercial income properties. These properties are predominantly leased to high-quality publicly traded and credit-rated tenants.
Alpine Income Property Trust (NYSE: PINE) ha dichiarato un dividendo trimestrale in contante di $0.280 per azione per il terzo trimestre del 2024. Questo rappresenta un aumento del 1,8% rispetto al dividendo precedente di $0.275 per azione. Il dividendo sarà pagabile il 30 settembre 2024, agli azionisti registrati al 12 settembre 2024. Sulla base del prezzo di chiusura dell'azione PINE del 19 agosto 2024, questo dividendo riflette un rendimento annualizzato di circa il 6,4%.
Alpine Income Property Trust è un REIT quotato in borsa che si concentra sull'investimento, possesso e gestione di un portafoglio di proprietà commerciali a reddito con un singolo affittuario. Queste proprietà sono prevalentemente affittate a inquiline di alta qualità quotati in borsa e con rating di credito.
Alpine Income Property Trust (NYSE: PINE) ha declarado un dividendo en efectivo trimestral de $0.280 por acción para el tercer trimestre de 2024. Esto representa un aumento del 1.8% en comparación con el dividendo anterior de $0.275 por acción. El dividendo se pagará el 30 de septiembre de 2024, a los accionistas registrados hasta el 12 de septiembre de 2024. Con base en el precio de cierre de las acciones de PINE del 19 de agosto de 2024, este dividendo refleja un rendimiento anualizado de aproximadamente el 6.4%.
Alpine Income Property Trust es un REIT que cotiza en bolsa y se enfoca en invertir, poseer y operar un portafolio de propiedades comerciales de ingresos arrendadas por un solo inquilino. Estas propiedades están predominantemente arrendadas a inquilinos de alta calidad que cotizan en bolsa y tienen calificaciones crediticias.
Alpine Income Property Trust (NYSE: PINE)는 2024년 3분기에 대해 주당 $0.280의 분기 현금 배당금을 선언했습니다. 이는 이전 배당금인 주당 $0.275에서 1.8% 증가한 수치입니다. 배당금은 2024년 9월 30일에 지급되며, 2024년 9월 12일 기준 주주에게 지급됩니다. 2024년 8월 19일 PINE의 보통주 종가를 기준으로 할 때, 이번 배당금은 약 6.4%의 연환산 수익률을 반영합니다.
Alpine Income Property Trust는 단일 세입자로 임대되는 상업 소득 부동산 포트폴리오에 투자하고 소유하며 운영하는 데 중점을 둔 상장 REIT입니다. 이러한 자산은 주로 높은 품질의 상장 기업 및 신용 등급을 가진 세입자에게 임대됩니다.
Alpine Income Property Trust (NYSE: PINE) a déclaré un dividende trimestriel en espèces de 0,280 $ par action pour le troisième trimestre de 2024. Cela représente une augmentation de 1,8% par rapport au dividende précédent de 0,275 $ par action. Le dividende sera payable le 30 septembre 2024, aux actionnaires inscrits au 12 septembre 2024. Sur la base du prix de clôture de l'action PINE du 19 août 2024, ce dividende reflète un rendement annualisé d'environ 6,4%.
Alpine Income Property Trust est un REIT cotée en bourse qui se concentre sur l'investissement, la possession et l'exploitation d'un portefeuille de biens commerciaux à revenu avec un seul locataire. Ces propriétés sont principalement louées à des locataires de haute qualité cotés en bourse et ayant une bonne notation de crédit.
Alpine Income Property Trust (NYSE: PINE) hat eine vierteljährliche Bargelddividende von 0,280 $ pro Aktie für das dritte Quartal 2024 erklärt. Dies stellt eine 1,8%ige Steigerung gegenüber der vorherigen Dividende von 0,275 $ pro Aktie dar. Die Dividende wird am 30. September 2024 an die Aktionäre ausgezahlt, die am 12. September 2024 eingetragen sind. Basierend auf dem Schlusskurs der PINE-Stammaktie am 19. August 2024 spiegelt diese Dividende eine annualisierte Rendite von etwa 6,4% wider.
Alpine Income Property Trust ist ein börsennotierter REIT, der sich auf die Investition, den Besitz und den Betrieb eines Portfolios von gewerblichen Einkommensimmobilien mit einem einzigen Mieter konzentriert. Diese Immobilien werden überwiegend an hochwertige, börsennotierte und kreditbewertete Mieter vermietet.
- Quarterly dividend increased by 1.8% to $0.280 per share
- Annualized dividend yield of approximately 6.4% based on recent stock price
- Focus on high-quality tenants, including publicly traded and credit-rated companies
- None.
Insights
Alpine Income Property Trust's 1.8% dividend increase to
However, it's important to consider the sustainability of this dividend. REITs are required to distribute
While the dividend increase is positive, it's modest and may barely keep pace with inflation. Investors should monitor PINE's ability to grow its property portfolio and increase rents to support future dividend growth.
PINE's dividend hike, though modest, underscores the resilience of net lease REITs in the current economic climate. The single-tenant net lease model typically offers stable cash flows and protection against rising operating expenses, which is particularly valuable in an inflationary environment.
The company's focus on high-quality publicly traded and credit-rated tenants suggests a conservative approach to tenant selection, which can provide a buffer against potential defaults. However, this strategy may limit growth opportunities in a competitive market.
Investors should consider PINE's property acquisition pipeline and its ability to source accretive deals. The REIT's relatively small size (
WINTER PARK, Fla., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of
The Common Stock Cash Dividend represents a
The Common Stock Cash Dividend is payable on September 30, 2024, to stockholders of record as of the close of business on September 12, 2024, and the ex-dividend date for the Common Stock Cash Dividend is September 12, 2024.
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.
We encourage you to review our most recent investor presentation which is available on our website at http://www.alpinereit.com
Safe Harbor
This press release may contain “forward-looking statements.” Forward-looking statements include statements that may be identified by words such as “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 & Treasurer (407) 904-3324 pmays@alpinereit.com |
FAQ
What is Alpine Income Property Trust's (PINE) new quarterly dividend for Q3 2024?
When is the ex-dividend date for PINE's Q3 2024 dividend?
How much did PINE increase its dividend compared to the previous quarter?
What is the annualized dividend yield for PINE based on the August 19, 2024 closing price?
