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Alpine Income Property Trust Inc - PINE STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Alpine Income Property Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Alpine Income Property Trust's position in the market.

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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
dividends earnings
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.17%
Tags
earnings
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.62%
Tags
earnings
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
dividends earnings
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
none
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.31%
Tags
earnings
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
Tags
dividends earnings
Alpine Income Property Trust Inc

NYSE:PINE

PINE Rankings

PINE Stock Data

228.42M
12.40M
8.92%
63.81%
1.36%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
Link
United States
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.