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

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.