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Alpine Income Property Trust, Inc - PINE STOCK NEWS

Welcome to our dedicated page for Alpine Income Property Trust news (Ticker: PINE), a resource for investors and traders seeking the latest updates and insights on Alpine Income Property Trust stock.

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust (REIT) that focuses on acquiring, owning, and managing a diversified portfolio of high-quality single-tenant net leased commercial income properties across the United States. As a REIT, Alpine Income Property Trust leverages its strategic investments in single-tenant retail and office properties to generate consistent rental revenue, primarily through long-term leases.

The company boasts an impressive portfolio encompassing 138 net leased properties situated in 104 markets across 35 states. These properties are strategically located in metropolitan statistical areas (MSAs), growth markets, and other high-demand regions, ensuring steady and robust income streams. Alpine Income Property Trust's portfolio provides a balanced mix of properties, contributing to its financial stability and growth.

Recent achievements include the company's announcement to report its financial and operating results for the fourth quarter and full year 2023 on February 8, 2024. Following this, a conference call is scheduled for February 9, 2024, to discuss these results in detail.

Alpine Income Property Trust's revenue model is largely driven by rental income derived from its ownership and leasing activities. The firm's disciplined acquisition strategy focuses on properties with long-term, net leases to high-quality tenants, contributing to a reliable and predictable revenue stream. The company also places emphasis on maintaining a diversified tenant base to mitigate risk.

The trust is committed to sustaining its growth through strategic property dispositions and acquisitions, ensuring that its portfolio remains aligned with market demands and opportunities. Additionally, Alpine Income Property Trust pays regular dividends to its shareholders, reflecting its solid financial health and commitment to return value.

For investors seeking a stable and income-generating real estate investment, Alpine Income Property Trust, Inc. represents a robust option. With a focus on high-quality, single-tenant properties and a strategic presence in key markets, the company continues to reinforce its position in the commercial real estate sector.

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Alpine Income Property Trust, Inc. (PINE) reported net income per diluted share of $0.19 for the year ended December 31, 2023. The company acquired 14 net lease properties and originated three first mortgage investments in 2023. They also sold 24 net lease properties, repurchased shares, and paid cash dividends. Quarterly operating results showed a decrease in net income, FFO, and AFFO compared to the same period in the prior year. The company's 2024 outlook includes investments and dispositions in the range of $50 million to $80 million and FFO per diluted share between $1.51 to $1.56.
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Alpine Income Property Trust, Inc. (NYSE: PINE) announced the release of its financial and operating results for the fourth quarter and full year 2023. The company will report after the market closes on February 8, 2024, with a conference call scheduled for February 9, 2024. The call will be available via webcast and phone, with a replay available online through the Investor Relations section of the company's website.
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Alpine Income Property Trust, Inc. (NYSE: PINE) announced its 2023 investment and disposition activities, including acquisitions, dispositions, capital markets, and portfolio updates. The company acquired 14 net lease retail properties for $82.9 million, originated three first mortgage structured investments totaling $38.6 million, and sold 24 net lease properties for $108.3 million. The company repurchased common shares and issued shares under its ATM offering program. The portfolio at year-end 2023 had a weighted average remaining lease term of 7.0 years and included top tenants like Walgreens, Lowe’s, Dick’s Sporting Goods, Dollar Tree/Family Dollar, and Dollar General.
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Alpine Income Property Trust, Inc. (NYSE: PINE) announced its 2023 investment and disposition activities, including acquisitions of 14 net lease retail properties for $82.9 million and sales of 24 net lease properties for $108.3 million. The company repurchased over 899,000 common shares and issued 665,929 common shares under its ATM offering program, with no debt maturities until 2026. The portfolio at year-end 2023 included 138 net lease properties with a weighted average remaining lease term of 7.0 years.
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Alpine Income Property Trust, Inc. (PINE) declares a quarterly cash dividend of $0.275 per share for Q4 2023, representing an annualized yield of approximately 6.9%. The dividend is payable on December 29, 2023, to stockholders of record as of December 14, 2023.
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Alpine Income Property Trust, Inc. (NYSE: PINE) announced a $24.0 million first mortgage secured by 41 retail properties in the US. The loan has an initial fixed interest rate of 8.75% for the first year, increasing to 9.0% in year two and 9.25% in year three. PINE anticipates a revenue sharing agreement with CTO Realty Growth, Inc., potentially earning $16,000 per month.
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Alpine Income Property Trust, Inc. (NYSE: PINE) reported a net loss per diluted share of ($0.05) for Q3 2023. They also reported FFO per diluted share of $0.37, a decrease of 7.5% from the previous year. The company acquired three retail net lease properties for $19.4 million and sold eight properties for $20.6 million. They increased investment grade-rated tenant exposure to 64% and repurchased 280,332 shares of common stock. The CEO mentioned reduced guidance due to more conservative expectations and increased borrowing costs.
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Alpine Income Property Trust, Inc. will report Q3 2023 financial results on October 19, 2023, with a conference call scheduled for October 20, 2023. Webcast and dial-in details provided. Replay available online.
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Alpine Income Property Trust, Inc. declares quarterly cash dividend of $0.275 per share, representing an annualized yield of 6.5%. Payable on September 29, 2023.
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FAQ

What is the current stock price of Alpine Income Property Trust (PINE)?

The current stock price of Alpine Income Property Trust (PINE) is $16.39 as of December 20, 2024.

What is the market cap of Alpine Income Property Trust (PINE)?

The market cap of Alpine Income Property Trust (PINE) is approximately 235.6M.

What is Alpine Income Property Trust, Inc.?

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns, and operates a portfolio of high-quality single-tenant net leased commercial properties.

What types of properties does Alpine Income Property Trust own?

The company owns single-tenant retail and office properties located in metropolitan statistical areas, growth markets, and other high-demand regions in the United States.

How many properties are in Alpine Income Property Trust’s portfolio?

As of now, the trust's portfolio includes 138 net leased properties across 104 markets in 35 states.

When will Alpine Income Property Trust report its Q4 and full year 2023 financial results?

The company will report its financial and operating results for Q4 and the full year 2023 on February 8, 2024.

How does Alpine Income Property Trust generate revenue?

The majority of the firm's revenue is derived from rental income through the ownership and leasing of its properties.

What is a net lease?

A net lease is a lease agreement where the tenant is responsible for paying a portion or all of the property expenses, including taxes, insurance, and maintenance, in addition to rent.

Does Alpine Income Property Trust pay dividends?

Yes, the company pays regular dividends to its shareholders, reflecting its solid financial health and commitment to returning value.

Who are the typical tenants of Alpine Income Property Trust’s properties?

The company focuses on securing high-quality tenants for long-term net leases, contributing to a reliable and predictable revenue stream.

What is the significance of the company's property locations?

The properties are strategically located in metropolitan statistical areas, growth markets, and other high-demand regions, ensuring steady and robust income streams.

What are some recent achievements of Alpine Income Property Trust?

Recent achievements include the announcement of the company's fourth quarter and full year 2023 financial results, to be reported on February 8, 2024, followed by a conference call on February 9, 2024.

Alpine Income Property Trust, Inc

NYSE:PINE

PINE Rankings

PINE Stock Data

235.65M
12.51M
8.61%
65.66%
0.65%
REIT - Retail
Real Estate Investment Trusts
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United States of America
WINTER PARK