Alpine Income Property Trust, Inc. operates as a REIT focused on single-tenant net leased commercial income properties in the United States. News about PINE centers on acquisitions and dispositions of income properties, structured commercial loan investments, sale-leaseback properties, portfolio occupancy, tenant credit mix and lease terms.
Company updates also cover earnings, AFFO guidance, dividends, unsecured credit facility activity, at-the-market equity issuance, and the NYSE-listed common and 8.00% Series A Cumulative Redeemable Preferred Stock. The recurring business themes reflect a net lease platform that combines owned retail real estate with commercial loans and other real estate investment activity.
On May 28, 2024, Alpine Income Property Trust (NYSE: PINE) announced a quarterly cash dividend of $0.275 per share of common stock for Q2 2024. This dividend results in an annualized yield of approximately 7.2%, based on the stock's closing price on May 24, 2024. The dividend will be paid on June 28, 2024, to shareholders on record as of June 13, 2024, with an ex-dividend date of June 12, 2024.
Alpine Income Property Trust is a real estate investment trust (REIT) that focuses on single-tenant net leased commercial properties, primarily leased to high-quality, publicly-traded, and credit-rated tenants.
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