Alpine Income Property Price, Forecast, Insider, Ratings, Fundamentals & Signals

Winter park, fla., april 18, 2024 (globe newswire) -- alpine income property trust, inc. (nyse: pine) (the “company” or “pine”) today announced its operating results and earnings for the quarter ended march 31, 2024.

Winter park, fla., march 27, 2024 (globe newswire) -- alpine income property trust, inc. (nyse: pine) (the “company”) announced today that it will report its financial and operating results for the first quarter of 2024 after the market closes on thursday, april 18, 2024. a conference call to discuss its financial and operating results is scheduled for friday, april 19, 2024 at 9:00 am et.

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 of approximately 6.9% based on the closing price of the company's common stock on february 16, 2024.

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.

Although the revenue and EPS for Alpine Income (PINE) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Alpine Income Property Trust is a small net lease REIT with an enterprise value under $500 million. PINE's portfolio consists of retail real estate, with almost two-thirds of rental revenue generated from investment-grade tenants. PINE faces challenges such as the departure of its Chief Financial Officer and a portfolio that is not as strong as its peers, but its low valuation makes it an attractive acquisition opportunity for larger REITs like Realty Income.

WINTER PARK, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that it will report its financial and operating results for the first quarter of 2024 after the market closes on Thursday, April 18, 2024. A conference call to discuss its financial and operating results is scheduled for Friday, April 19, 2024 at 9:00 AM ET.

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Alpine Income Property Trust: Downgraded To Market Perform

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 and high yield.

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 almost -20% during the same period.

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

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