Alpine Income Property Trust Inc Aktie News

WINTER PARK, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Matthew M.

WINTER PARK, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.275 per share of common stock for the first quarter of 2024 (the “Common Stock Cash Dividend”). The Common Stock Cash Dividend represents an annualized yield o...

Alpine Income Property Trust is a net lease REIT focused on retail properties with e-commerce resistant tenants. PINE has a strong portfolio of investment-grade tenants and has demonstrated shareholder-friendly actions such as share buybacks. While there are risks related to tenant concentration and balance sheet strength, PINE has the potential for above-market returns due to undervaluation an...

Alpine's Q4 earnings looked a bit light, as anticipated, following the bankruptcy of a tenant, Mountain Express. Management has made good progress backfilling Mountain Express' space and is now focused on high-grading its tenant base. Significant share buybacks in Q4 have boosted our NAV per share estimate, which we now believe provides an attractive margin of safety.

Alpine Income Property Trust reported flat revenues and FFO in line with analyst estimates for Q4 and full year 2023. The guidance for 2024 also came in line with estimates. Rental revenue dropped 5% YoY while FFO was slightly higher year over year, even with rising operating costs. The company grew its assets, income and dividends strongly since its IPO in 2019, even though share price is down...

Alpine Income Property Trust, Inc. (PINE) Q4 2023 Earnings Call Transcript

WINTER PARK, Fla., Feb. 08, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced its operating results and earnings for the quarter and year ended December 31, 2023.

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