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) delivers curated updates on this REIT's commercial real estate activities through our comprehensive news hub. Access official press releases and market analysis covering strategic acquisitions, earnings reports, and portfolio developments for this single-tenant net lease specialist.
This resource provides investors with essential updates on PINE's high-quality income properties and capital market activities. Track critical announcements including lease renewals, dividend declarations, and management changes while staying informed about the company's position in metropolitan retail markets.
All content undergoes strict verification to ensure accuracy and relevance. Our centralized format eliminates the need to search multiple sources, with updates ranging from quarterly financial results to property portfolio expansions. Bookmark this page for streamlined access to PINE's evolving market strategy and operational milestones.
Alpine Income Property Trust (NYSE: PINE) reported its Q1 2025 financial results, showing mixed performance. The company completed $79.2 million in investments at a 9.0% weighted average initial cash yield. Revenue increased to $14.2 million from $12.5 million year-over-year, but reported a net loss of $(0.08) per diluted share. FFO and AFFO both reached $0.44 per diluted share.
The company's portfolio consists of 134 properties across 35 states, with 4.1 million square feet and 98.6% occupancy. The portfolio maintains a 9.0-year weighted average remaining lease term, with 50% of annual base rent coming from investment-grade tenants. Top tenants include Dick's Sporting Goods (10% of ABR), Lowe's (9%), and Beachside Hospitality Group (8%).
PINE has increased its 2025 outlook, now projecting FFO and AFFO per diluted share of $1.74 to $1.77, with planned investments of $70-100 million and dispositions of $50-70 million.
Alpine Income Property Trust (NYSE: PINE) has reported its Q1 2025 transaction activities, featuring $79.2 million in acquisitions and structured investments with a 9.0% weighted average initial yield. The company acquired three net lease properties for $39.7 million with an 8.6% cash cap rate and 14.3-year average lease term, leased to Academy Sports, GermFree, and Alamo Drafthouse.
The company originated $21.7 million in structured investments, including seller financing and a construction loan. Additionally, PINE amended four existing structured investments, including upsizing a Publix-anchored shopping center loan and extending three Wawa construction loans.
In Q1 2025, PINE sold three properties for $11.7 million at a 9.1% exit cap rate. The company also repurchased 273,825 shares at $16.33 per share, totaling $4.5 million, with $5.5 million remaining in the buyback program. As of March 31, 2025, PINE has no debt maturities until 2026.
Alpine Income Property Trust (NYSE: PINE) has scheduled its first quarter 2025 earnings release for Thursday, April 24, 2025, after market close. The company will host a conference call to discuss the results on Friday, April 25, 2025, at 9:00 AM ET.
Participants are encouraged to register and join the conference call fifteen minutes before the scheduled start time. The earnings call will be accessible through a live webcast on the company's Investor Relations webpage at www.alpinereit.com, with a replay available afterward.
Alpine Income Property Trust is a real estate investment trust (REIT) focused on delivering risk-adjusted returns and dependable cash dividends through its portfolio of single tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants.
Alpine Income Property Trust (NYSE: PINE) has announced that its Board of Directors has approved a new common stock repurchase program. Under this initiative, the company is authorized to repurchase up to $10 million worth of its common stock through open market purchases, block trades, or other methods.
The program is flexible, with no requirement to repurchase any specific dollar amount or number of shares, and can be suspended or discontinued at any time. Alpine Income Property Trust is a publicly traded REIT focused on delivering risk-adjusted returns and dependable cash dividends through investments in single tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants.
Alpine Income Property Trust (NYSE: PINE) reported its Q4 and full-year 2024 results, with Q4 showing a net loss of $0.06 per diluted share and FFO/AFFO of $0.44 per diluted share. The company achieved significant growth in 2024, with AFFO per share increasing by 17%. Key highlights include:
- Closed investments of $134.7 million at an 8.7% yield in 2024
- Completed dispositions of $75.6 million at a 7.1% cap rate
- Portfolio consists of 134 properties across 35 states with 98% occupancy
- 51% of ABR from investment-grade rated tenants
- Increased Q1 2025 dividend by 1.8% to $0.285 per share
The company's 2025 outlook projects investments of $50-80 million, dispositions of $20-30 million, and FFO/AFFO per diluted share of $1.70-$1.73.
Alpine Income Property Trust (NYSE: PINE) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, February 6, 2025, after market close. The company will host a conference call to discuss the results on Friday, February 7, 2025, at 9:00 AM ET.
Participants are encouraged to register and dial in fifteen minutes before the scheduled start time. A webcast will be available on the company's Investor Relations page, and a replay will be archived online. Alpine Income Property Trust is a REIT focused on single tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants.
Alpine Income Property Trust (NYSE: PINE) has announced the acquisition of a Lowe's Home Improvement property and its 2024 investment activities. The company completed a $22.5 million purchase of a Lowe's property in Knoxville, TN with approximately 13 years remaining on the lease. Lowe's (BBB+ rated) becomes PINE's second-largest tenant by annual base rent after Dick's Sporting Goods.
For full-year 2024, PINE's investments totaled $134.7 million with a weighted average initial yield of 8.7%. The company's portfolio now includes 51% of annual base rent from investment-grade rated tenants. Disposition activity for 2024 reached $75.6 million at a weighted average exit cash cap rate of 6.6%, including the sale of properties leased to Mountain Express, Walgreens, and AutoZone for $5.4 million in December. The company's weighted average remaining lease term improved to 8.8 years from 7.0 years at the start of 2024.
Alpine Income Property Trust (NYSE: PINE) has declared a quarterly cash dividend of $0.280 per share for Q4 2024. The dividend represents an annualized yield of approximately 6.3% based on the company's closing stock price on November 18, 2024. The dividend will be paid on December 31, 2024, to stockholders of record as of December 12, 2024, with the same ex-dividend date.
Alpine Income Property Trust (NYSE: PINE) announced changes to its Board of Directors effective November 8, 2024. Jeffrey S. Yarckin has resigned from the Board after five years of service. The company appointed Brenna A. Wadleigh as his replacement. Wadleigh, currently CEO of N3 Real Estate since 2015, brings extensive commercial real estate experience to PINE. She previously served at Crescent Real Estate Equities from 1998 to 2007 and holds a BBA in Finance from the University of Texas at Arlington.
Alpine Income Property Trust (NYSE: PINE) announced its Q4 and year-to-date 2024 investment activities. The company completed a $28 million acquisition of 5 single-tenant properties anchored by BJ's Wholesale Club in Charlotte, North Carolina. Year-to-date investment activity totals $112.2 million at a 9.3% weighted average initial yield. In October 2024, PINE sold two former Mountain Express convenience stores for $1.4 million. Total year-to-date dispositions reached $70.2 million at a 7.1% weighted average exit cash cap rate.
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