Profile
Sector:
Real EstateIndustry:
RetailCountry:
United StatesIPO:
22 November 2019Website:
http://www.alpinereit.comNext earnings report:
07 February 2025Last dividends:
12 September 2024Next dividends:
N/APrice
after hours | 106 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
PINE Latest News
Alpine Income (PINE) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
WINTER PARK, Fla., Nov. 19, 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 $0.280 per share of common stock for the fourth quarter of 2024 (the “Common Stock Cash Dividend”).
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Alpine Income (PINE) and EastGroup Properties (EGP). But which of these two companies is the best option for those looking for undervalued stocks?
WINTER PARK, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced that Jeffrey S. Yarckin has notified the Company of his resignation from the Company's Board of Directors, effective November 8, 2024. The Company today also announced the appointment of Brenna A. Wadleigh to the Company's Board of Directors, effective November 8, 2024.
WINTER PARK, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”), an owner and operator of single tenant net leased commercial income properties, today announced updated fourth quarter and year-to-date 2024 investment and disposition activities.
Although the revenue and EPS for Alpine Income (PINE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Initiated a Strong Spec Buy on Alpine Income Property, with shares trading at $10.64 and a P/FFO of 9.5x. PINE has grown from 24 properties to 133, with ABR increasing from $13.3 million to $41.5 million, and 52% from IG-rated tenants. PINE's cost of capital is 150 bps higher than peers, yet it has grown AFFO through high cap rate acquisitions and asset recycling.
Alpine Income Property Trust, Inc.'s Q3 earnings beat estimates, leading to upgraded guidance for 2024. The REIT's portfolio occupancy has decreased, but the average rent per square foot has increased, and the weighted average lease terms have been extended. Alpine's income from its loan book surged, diversifying and smoothing its revenue, while operating expenses dropped due to lower impairment provisions.
Alpine Income Property Trust, Inc. (NYSE:PINE ) Q3 2024 Earnings Conference Call October 18, 2024 9:00 AM ET Company Participants John Albright - President, Chief Executive Officer, Director Phil Mays - Senior Vice President, Chief Financial Officer, Treasurer Conference Call Participants Michael Goldsmith - UBS RJ Milligan - Raymond James Wesley Golladay - Baird Rob Stevenson - Janney Montgomery Scott Matthew Erdner - Jones Trading John Massocca - B. Riley Securities Craig Kucera - Lucid Capital Markets Operator Good day!
Alpine Income (PINE) came out with quarterly funds from operations (FFO) of $0.45 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to FFO of $0.37 per share a year ago.
What type of business is Alpine Income Property Trust?
Alpine Income Property Trust, Inc. (the Company or PINE) is a real estate investment trust (REIT) that owns and operates a high-quality portfolio of commercial net lease properties. The terms us, we, our, and the Company as used in this report refer to Alpine Income Property Trust, Inc. The Company is a Maryland corporation that was formed on August 19, 2019. The Company has no employees and is externally managed by Alpine Income Property Manager, LLC, a Delaware limited liability company and a wholly owned subsidiary of CTO Realty Growth, Inc. (our Manager). CTO Realty Growth, Inc. (NYSE: CTO) is a Maryland corporation that is a publicly traded REIT and the sole member of our Manager (CTO).
What sector is Alpine Income Property Trust in?
Alpine Income Property Trust is in the Real Estate sector
What industry is Alpine Income Property Trust in?
Alpine Income Property Trust is in the Retail industry
What country is Alpine Income Property Trust from?
Alpine Income Property Trust is headquartered in United States
When did Alpine Income Property Trust go public?
Alpine Income Property Trust initial public offering (IPO) was on 22 November 2019
What is Alpine Income Property Trust website?
https://www.alpinereit.com
Is Alpine Income Property Trust in the S&P 500?
No, Alpine Income Property Trust is not included in the S&P 500 index
Is Alpine Income Property Trust in the NASDAQ 100?
No, Alpine Income Property Trust is not included in the NASDAQ 100 index
Is Alpine Income Property Trust in the Dow Jones?
No, Alpine Income Property Trust is not included in the Dow Jones index
When was Alpine Income Property Trust the previous earnings report?
No data
When does Alpine Income Property Trust earnings report?
The next expected earnings date for Alpine Income Property Trust is 07 February 2025