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Alpine Income Property Trust: An Interesting Microcap Retail REIT (NYSE:PINE)
Lemon_tm/iStock via Getty Images Written by Nick Ackerman. This article was originally published to members of Cash Builder Opportunities on August 11th, 2022. Alpine Income Property Trust, Inc. (NYSE:PINE) immediately caught my attention when it appeared on our latest monthly dividend screening piece. Several interesting names show up with that screening article, and it gets some of the most readership. So, a good reason why I continue to produce that monthly piece. For PINE, more specifically, the higher yield of nearly 6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} at this time plus a growth trend initially stood out. After looking into it a bit more, some red flags should be addressed. All in all, though, it…
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Alpine Income Property Trust Reports Second Quarter 2022
WINTER PARK, Fla., July 21, 2022 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced its operating results and earnings for the quarter ended June 30, 2022. Select Highlights Reported Net Income per diluted share attributable to the Company of $1.05 for the quarter ended June 30, 2022. Reported FFO per diluted share of $0.47 for the quarter ended June 30, 2022, an increase of 23.7{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from the comparable prior year period. Reported AFFO per diluted share of $0.47 for the quarter ended June 30, 2022, an increase of 20.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} from the comparable prior year period. Acquired 19 net lease retail properties during…
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Alpine Income Property Trust Announces Sale of Single
Winter PARK, Fla., April 14, 2022 (Globe NEWSWIRE) — Alpine Cash flow Home Belief, Inc. (NYSE: PINE) (the “Company”) now introduced the disposition of its one tenant office environment property located in Hillsboro, Oregon and net leased to Wells Fargo (the “Property”). The Home has 3.7 years of remaining lease expression and was marketed for $38.8 million, producing a achieve on sale of $7. million. The Business used the proceeds from the sale of the House as part of like-variety reverse 1031 exchanges. The Company’s exit of its business office home segment has generated put together gains on sale of $16.1 million. “The sale of our sole remaining business office…
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Alpine Income Property Trust Provides Portfolio Update and Announces Record 2021 Transaction Activity
Winter PARK, Fla., Jan. 05, 2022 (World NEWSWIRE) — Alpine Income Residence Have faith in, Inc. (NYSE: PINE) (the “Company”) now furnished a portfolio update and announced its record 2021 acquisition and disposition things to do. 2021 Acquisition Highlights All through the yr ended December 31, 2021, the Corporation obtained 68 web lease retail attributes for a full acquisition quantity of $260.3 million, symbolizing a weighted-regular heading-in cash cap fee of 6.8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. Acquisitions concluded for the duration of the calendar year experienced a weighted-ordinary remaining lease phrase of 8.2 decades and roughly 37{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of annualized base rents are from a tenant or the guardian of a tenant with an investment…
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Alpine Income Property Trust Increases Quarterly Dividend by 5.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and Declares Dividend for the Fourth Quarter 2021
DAYTONA BEACH, Fla., Nov. 22, 2021 (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 5.9{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} increase in the Company’s quarterly cash dividend to $0.27 per share of common stock for the fourth quarter of 2021 as compared to its previous quarterly cash dividend of $0.255 per share of common stock. The dividend is payable on December 30, 2021 to stockholders of record as of the close of business on December 9, 2021. The ex-dividend date for the fourth quarter 2021 cash dividend is December 8, 2021. The fourth quarter 2021 cash…
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3 Reasons I Just Bought Alpine Income Property Trust
Alpine Income Home Rely on (NYSE:PINE) is a genuine estate expense trust (REIT) with a market place cap of just $200 million, which is a great deal scaled-down than what I generally go with when acquiring any inventory. I generally prefer diversified names as perfectly, and this REIT is concentrated on retail properties. In other text, I just broke some of my own significant policies to purchase Alpine. I didn’t make that alternative evenly, nevertheless. Here are the 3 reasons for this uncharacteristic shift. 1. Massive and sluggish vs. small and quickly I very own W.P. Carey (NYSE:WPC), one of the premier and most diversified (sector-clever and geographically) net lease…
