Alpine Income Property Trust, Inc. (PINE) has provided an update on its year-to-date investment and disposition activities.The company purchased a two-tenant net leased retail property during the second quarter for $14.6 million. This property, spanning approximately 101,000 square feet and situated on 7.38 acres, is fully leased to investment-grade-rated tenants, namely Best Buy and Golf Galaxy (Dick’s Sporting Goods). The tenants have a weighted average remaining lease term of 4.6 years.The acquisition of ...

coryz/E+ via Getty Images Overview Real estate has been heavily suppressed over the last two years due to elevated interest rates. While this hasn't been great for returns, it has helped reveal which REITs are well-maintained and of higher quality. Alpine Income Property Trust, Inc. (NYSE:PINE) remains a solid option for high-quality real estate exposure as they own a portfolio of commercial net lease properties. However, there are some vulnerabilities that stand out to me and make me reconsider my prior st ...

WINTER PARK, Fla., June 21, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company") today announced its year-to-date 2024 investment and disposition activities. 2024 Investment Activity During the second quarter, the Company acquired a two-tenant net leased retail property for $14.6 million. The property is 100% leased to investment grade rated tenants Best Buy and Golf Galaxy (Dick's Sporting Goods) and has a weighted average remaining lease term of 4.6 years. The property ...

WINTER PARK, Fla., June 21, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") today announced its year-to-date 2024 investment and disposition activities. 2024 Investment Activity During the second quarter, the Company acquired a two-tenant net leased retail property for $14.6 million. The property is 100% leased to investment grade rated tenants Best Buy and Golf Galaxy (Dick's Sporting Goods) and has a weighted average remaining lease term of 4.6 years. The property i ...

adventtr Investment Thesis The ongoing market conditions significantly limited Alpine Income Property Trust's (NYSE:PINE) ability to grow acquisition-wise during the 2023 - 2024 YTD period. The management presented a coherent investment strategy reflected in PINE's business decisions that the Company intends to follow until the market conditions improve or the gap between buyers' and sellers' expectations narrows. While the Company offers an attractive dividend yield and has a seemingly opportunistic va ...

WINTER PARK, Fla., May 29, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company") announced today a correction to the ex-dividend date previously announced on May 28, 2024. The ex-dividend date for the quarterly cash dividend per share of common stock for the second quarter of 2024 has been corrected from June 12, 2024 to June 13, 2024. All other details remain unchanged. About Alpine Income Property Trust, Inc. Alpine Income Property Trust, Inc. (NYSE:PINE) is a publicly tr ...

WINTER PARK, Fla., May 29, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company") announced today a correction to the ex-dividend date previously announced on May 28, 2024. The ex-dividend date for the quarterly cash dividend per share of common stock for the second quarter of 2024 has been corrected from June 12, 2024 to June 13, 2024. All other details remain unchanged. About Alpine Income Property Trust, Inc. Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly ...

WINTER PARK, Fla., May 28, 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 second quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 7.2% based on the closing price of the Company's common stock on May 24, 2024. The Common Stock Cas ...

Alpine Income Property Trust, Inc. (NYSE:PINE) Q1 2024 Earnings Conference Call April 19, 2024 9:00 AM ET Company Participants John Albright - President and Chief Executive Officer Lisa Vorakoun - Chief Accounting Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Jason Weaver - JonesTrading Rob Stevenson - Janney Montgomery Scott John Massocca - B. Riley Wesley Golladay - Baird Michael Gorman - BTIG Operator Good day, and thank you for standing by. Welcome to the Alpine Q1 2024 E ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-39143 ALPINE INCOME PROPERTY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 84-2769895 (Stat ...