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.
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Rhea-AI Summary
Alpine Income Property Trust, Inc. (NYSE: PINE) reported a Net Loss per diluted share of ($0.02) for Q1 2024. The company saw an increase in FFO and AFFO per diluted share by 13.9% and 16.7% respectively. They originated a high-yielding first mortgage investment of $7.2 million. The investment grade-rated tenant exposure increased to 65%. The company repurchased shares and paid a cash dividend of $0.275 per share for Q1 2024. The CEO anticipates a better market for traditional acquisitions as interest rates adjust. The portfolio consisted of 138 properties with 99% occupancy and top tenants like Walgreens, Lowe's, and Dollar Tree/Family Dollar.
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Rhea-AI Sentiment
End-of-Day
2.2%
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Rhea-AI Summary
Alpine Income Property Trust, Inc. (PINE) will announce its first-quarter 2024 financial results on April 18, 2024, followed by a conference call on April 19, 2024. The webcast and registration details are available on the Investor Relations page of the company's website. Participants are encouraged to register early.
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1%
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Rhea-AI Summary
Alpine Income Property Trust, Inc. (NYSE: PINE) announced the resignation of its Senior Vice President, Chief Financial Officer, and Treasurer, Matthew M. Partridge, effective April 1, 2024, to pursue opportunities outside the REIT industry. The Company commences the search for a new CFO while Mr. Partridge aids in the transition during the first quarter reporting period. The CEO expressed gratitude for Mr. Partridge's contributions, highlighting his pivotal role in various Company initiatives.
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2.23%
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Rhea-AI Summary
Alpine Income Property Trust, Inc. (NYSE: PINE) declares a quarterly cash dividend of $0.275 per share for Q1 2024, offering a 6.9% annualized yield. The dividend is payable on March 28, 2024, to stockholders of record as of March 14, 2024.
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End-of-Day
-0.19%
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Rhea-AI Summary
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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Rhea-AI Sentiment
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2.17%
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Rhea-AI Summary
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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End-of-Day
-2.62%
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Rhea-AI Summary
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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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
0.56%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
0.43%
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Alpine Income Property Trust, Inc
NYSE:PINE
PINE Rankings
PINE Stock Data
209.39M
12.40M
8.96%
63.92%
1.32%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
United States of America
WINTER PARK
About PINE
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 income properties.