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) announced the successful amendment and restatement of its senior unsecured Credit Facility. The updated facility totals $350 million, split into a $250 million revolving credit line and a $100 million term loan, with an accordion option for up to $750 million. The new revolving facility, refinanced from $150 million, matures in January 2027. The company now has no debt maturing until 2026 and minimal floating interest rate exposure, enhancing its investment strategy. The facility includes sustainability-linked pricing to reduce interest rates based on performance.
Alpine Income Property Trust, Inc. (NYSE: PINE) will announce its Q3 2022 financial results on October 20, 2022, after market close. A conference call is scheduled for October 21, 2022, at 9:00 AM ET to discuss these results. Interested parties can access a live webcast via the company's Investor Relations page. The call will also include dial-in details for those registering in advance. Alpine Income Property Trust focuses on acquiring and operating a portfolio of high-quality single-tenant net leased commercial properties.
Alpine Income Property Trust (NYSE: PINE) has declared a quarterly cash dividend of $0.275 per share for Q3 2022, marking a 1.9% increase from the previous dividend of $0.27. This increase represents a 7.8% rise year-over-year compared to Q3 2021 dividend rates. The dividend is set to be paid on September 30, 2022 to stockholders of record by September 12, 2022, with an ex-dividend date of September 9, 2022. This translates to an annualized yield of approximately 6.0% based on the August 19, 2022 closing price.
Alpine Income Property Trust (NYSE: PINE) reported robust operating results for Q2 2022, revealing a net income of $1.05 per diluted share and a 23.7% increase in funds from operations (FFO) to $0.47 per diluted share. The firm acquired 19 net lease properties for $43.6 million, achieving a 7.0% cash cap rate, and sold five properties for $72.8 million, realizing gains of $15.6 million. The company increased its quarterly dividend to $0.27, an 8.0% rise from last year, and revised its 2022 earnings outlook, anticipating FFO per diluted share between $1.60 and $1.65.
Alpine Income Property Trust, Inc. (NYSE: PINE) will release its Q2 2022 financial results on July 21, 2022, after market close. A conference call is set for July 22, 2022, at 9:00 AM ET, where the Company will discuss its financial performance and operating results.
The call will be accessible via live webcast on the Company's Investor Relations page. Investors are encouraged to join the call at least 15 minutes early.
Alpine Income Property Trust, Inc. (NYSE: PINE) declared a quarterly cash dividend of $0.27 per share for Q2 2022, an 8.0% increase from Q2 2021. This dividend is payable on June 30, 2022, to stockholders recorded as of June 9, 2022, with an ex-dividend date of June 8, 2022. The annualized yield based on the stock's May 23, 2022 closing price is approximately 5.9%.
Alpine focuses on acquiring and managing a portfolio of high-quality commercial properties.
Alpine Income Property Trust (NYSE: PINE) announced its Q1 2022 operating results, reporting a net income per diluted share of $0.06, an increase of 20% year-over-year. The funds from operations (FFO) per diluted share rose 16.7% to $0.49, while adjusted FFO (AFFO) per diluted share increased 9.1% to $0.48. The company acquired 16 retail properties for $65.5 million with a cash cap rate of 6.9% and declared a cash dividend of $0.27, a 12.5% rise compared to the previous year. With a stable portfolio of 129 properties, PINE's annualized yield stands at 5.6%.
Alpine Income Property Trust (NYSE: PINE) announced the sale of its single tenant office property in Hillsboro, Oregon for $38.8 million, realizing a gain of $7.0 million. This sale marks the final step in the company's strategy to transition its portfolio to 100% retail properties. The proceeds from this transaction will support like-kind reverse 1031 exchanges and enhance the portfolio's overall lease term and geographic diversity. The company generated combined gains on sale totaling $16.1 million from this segment exit.
Alpine Income Property Trust, Inc. (NYSE: PINE) will release its first quarter 2022 financial results after market close on April 21, 2022. A conference call to discuss the results is scheduled for April 22, 2022, at 9:00 AM ET. Investors can access the call via teleconference or webcast. For the teleconference, participants are advised to dial in 10 minutes early and use access code 8056588. A replay of the call will be available on the company's investor relations website.
Alpine Income Property Trust (NYSE: PINE) has declared a quarterly cash dividend of $0.27 per share for Q1 2022, reflecting a 12.5% increase from the previous year. The dividend is scheduled for payment on March 31, 2022, to shareholders on record as of March 10, 2022. The ex-dividend date is March 9, 2022, yielding approximately 5.8% based on shares' closing price as of February 22, 2022. This increase demonstrates the company's commitment to returning value to its shareholders.
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