Alpine Income Property Trust, Inc. Stock Price, News & Analysis

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.

Alpine Income Property Trust (NYSE: PINE) released its November 2022 Investor Presentation, announcing the acquisition of four net lease retail properties totaling $35.5 million, yielding a 7.4% cash cap rate. Key tenants include Home Depot and Dick’s Sporting Goods, all with investment-grade ratings. Additionally, the firm sold one property for $2 million, realizing a $1.6 million gain. Notably, PINE plans to defease a $30 million mortgage ahead of year-end, contingent on completing the sale of three properties valued at $22.1 million. The company emphasizes its focus on high-quality, single-tenant assets.

Alpine Income Property Trust (NYSE: PINE) announced strong Q3 2022 results, reporting net income per share of $0.72, FFO per share of $0.40, and AFFO per share of $0.42, reflecting increases of 8.1% and 13.5% year-over-year, respectively. The company acquired nine retail properties for $36.7 million at a 7.1% cap rate and sold six properties for $50.5 million, realizing gains of $11.6 million. A $0.275 dividend per share was declared, a 7.8% increase from the prior year. The expanded credit facility enhances liquidity, with no debt maturing until 2026.

On October 11, 2022, Alpine Income Property Trust (NYSE: PINE) reported no material damage to its properties from Hurricane Ian. The company sold six net lease properties for $50.5 million, generating gains of $11.6 million at a 5.5% exit cap rate. Additionally, it acquired nine retail properties for $36.7 million with a 7.1% cash cap rate. Their collection rate for contractual base rents was 100% in Q3 2022. The company also hedged portions of its term loans through interest rate swaps and relocated its headquarters to Winter Park, Florida.