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.
On April 20, 2023, Alpine Income Property Trust (NYSE: PINE) announced its operating results for Q1 2023. The Company reported a net income per diluted share of $0.21, a significant increase from $0.06 in Q1 2022. However, funds from operations (FFO) per diluted share decreased by 26.5% to $0.36, while adjusted funds from operations (AFFO) also dropped by 25.0%, both compared to the previous year. The Company sold 10 net lease properties for $56.2 million, generating gains of $4.5 million. Investment grade-rated tenant exposure rose to 58%, up from 50% in Q1 2022. A cash dividend of $0.275 per share was declared, reflecting a 1.9% increase year-over-year. The revised outlook for 2023 anticipates acquisitions of $100-$150 million and FFO per diluted share of $1.50-$1.55. The Company emphasizes a strong balance sheet with no floating interest rate exposure.
Alpine Income Property Trust, Inc. (NYSE: PINE) will release its financial results for Q1 2023 on April 20, 2023, after market close. A conference call is scheduled for April 21, 2023, at 9:00 AM ET to discuss these results. Interested participants can access the live webcast on the Company's Investor Relations page. Alpine Income Property Trust focuses on single-tenant net leased commercial properties, primarily leased to high-quality tenants, aiming for attractive returns and dependable cash dividends. Further details can be found in their investor presentation on their website.
Alpine Income Property Trust, Inc. (NYSE: PINE) has declared a quarterly cash dividend of $0.275 per share for Q1 2023, reflecting a 1.9% year-over-year increase. The annualized yield stands at approximately 5.9%, based on the stock's closing price on February 21, 2023. This dividend is scheduled to be paid on March 31, 2023, to shareholders on record as of March 9, 2023, with the ex-dividend date set for March 8, 2023. This move showcases the company's commitment to providing attractive returns and reliable cash dividends as it navigates the real estate market.
Alpine Income Property Trust (NYSE: PINE) reported its financial results for Q4 and full year 2022, revealing a net income per diluted share of $0.34 and $2.17, respectively. The company achieved a 50% increase in total revenues year-over-year, totaling $45.2 million. Funds From Operations (FFO) per diluted share rose to $1.73, a 9.5% increase. The company acquired 51 properties worth $187.4 million, with a weighted average cash cap rate of 7.1%. It also sold 16 properties generating gains of $33.8 million. The cash dividend was raised by 7.4%. The company aims to continue acquisitions in 2023 with an outlook of stable business trends.
Alpine Income Property Trust, Inc. (NYSE: PINE) will release its financial results for Q4 and the full year of 2022 on February 9, 2023, after market close. A conference call to discuss these results is scheduled for February 10, 2023, at 9:00 AM ET. Participants can access a live webcast through the company’s Investor Relations page. Alpine Income Property Trust focuses on acquiring and operating high-quality single-tenant net leased commercial income properties.
Alpine Income Property Trust, Inc. (NYSE: PINE) reported strong acquisition and disposition activities for 2022. The Company acquired 51 retail properties totaling $187.4 million, with a 7.1% cash cap rate, and sold 16 properties for $154.6 million, generating $33.8 million in gains. Notably, 76% of rental income comes from investment-grade tenants. The Company also strengthened its capital position by issuing shares under its ATM program, raising a total of $36 million in 2022. As of year-end, PINE owned 148 properties with a weighted average remaining lease term of 7.6 years, representing an annualized base rent of $40.4 million.
Alpine Income Property Trust (NYSE: PINE) has declared a quarterly cash dividend of $0.275 per share for Q4 2022, marking a 1.9% increase from the previous year. This dividend equates to an annualized yield of approximately 5.9%, based on the closing stock price on November 21, 2022. The payment is scheduled for December 30, 2022, to stockholders of record as of December 12, 2022, with an ex-dividend date of December 9, 2022.
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