Alpine Income Property Trust, Inc. Declares Second Quarter 2020 Cash Dividend
Alpine Income Property Trust (NYSE: PINE) has declared a cash dividend of $0.20 per share for Q2 2020. This dividend will be payable on June 30, 2020, to shareholders on record as of June 15, 2020. The company operates a portfolio of high-quality single-tenant net leased commercial properties, reinforcing its commitment to returning value to shareholders through dividends.
- Dividend of $0.20 per share shows commitment to returning value to shareholders.
- Scheduled payment date enhances investor confidence.
- Risks associated with the impact of COVID-19 on business operations and tenants.
- Potential volatility in credit markets could affect performance.
DAYTONA BEACH, Fla., May 27, 2020 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Board of Directors has authorized and declared a cash dividend of
About Alpine Income Property Trust, Inc.
Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.
We encourage you to visit our website at 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, illiquidity of real estate investments and potential damages from natural disasters, the impact of the COVID-19 pandemic on the Company’s business and the business of its tenants and the impact 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, 2019 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020. 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.
| 15%; width: | 85%; width: mpatten@alpinereit.com |
| Phone: | (386) 944-5643 |
| Facsimile: | (386) 274-1223 |
FAQ
What is the dividend amount for Alpine Income Property Trust (PINE) for Q2 2020?
What is the payment date for the dividend declared by PINE?
When is the record date for the dividend payment for PINE?
What are the risks associated with PINE's business?
