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Alpine Income Property Trust, Inc. (PINE) Sells Its Former Century Theater Center in Reno, Nevada, for $5.0 Million
Yahoo Finance· 2025-10-01 23:18
Alpine Income Property Trust, Inc. (NYSE:PINE) is one of the 20 Best Stocks to Buy and Hold for a Lifetime, known for its significant dividend growth. Alpine Income Property Trust, Inc. (PINE) Sells Its Former Century Theater Center in Reno, Nevada, for $5.0 Million   With $4.0 million in seller financing at 8% interest over two years, Alpine Income Property Trust, Inc. (NYSE:PINE) sold its former Century Theater Center in Reno, Nevada, for $5.0 million on September 4, 2025. The theater left the 52,474- ...
Alpine Income Property Trust Announces Third Quarter and Year-to-Date 2025 Transaction Activity
Globenewswire· 2025-10-01 20:05
WINTER PARK, Fla., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced its investment and disposition activities for the third quarter and year-to-date 2025. Investment and Disposition Activity During the third quarter 2025, the Company completed the following transaction activity: Acquired two properties on September 30, 2025 each ground leased to Lowe’s, an investment grade tenant (rated BBB+ by S&P), for $21.1 million representing a weighted ...
Alpine Income Property Trust Announces third Quarter 2025 Earnings Release and Conference Call Information
Globenewswire· 2025-09-24 20:23
WINTER PARK, Fla., Sept. 24, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that it will report its financial and operating results for the third quarter of 2025 after the market closes on Thursday, October 23, 2025. A conference call to discuss its financial and operating results is scheduled for Friday, October 24, 2025 at 9:00 AM ET. A live webcast of the call will be available on the Investor Relations page of the Company’s website at www.alpiner ...
Alpine Income Property Trust Sells Former Century Theater Center in Reno, NV for $5.0 Million
Globenewswire· 2025-09-04 20:33
Core Viewpoint - Alpine Income Property Trust, Inc. has successfully sold its former Century Theater Center in Reno, NV for $5.0 million, which is expected to positively impact the company's earnings and portfolio occupancy [1][3]. Group 1: Transaction Details - The sale price of the property was $5.0 million, with the company providing seller financing of $4.0 million at an annual interest rate of 8.00% for a term of two years [1]. - The property spans 52,474 square feet on 1.4 acres and has been almost entirely vacant since the departure of Century Theater in November 2024 [2]. Group 2: Financial Impact - The transaction is expected to be accretive to earnings by eliminating the previous carrying costs associated with the property, with partial benefits anticipated in the current year's results and full impact expected next year [3]. - Following the sale, the company's portfolio occupancy increased to 99.4%, enhancing overall performance [3]. Group 3: Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in single tenant net leased commercial properties, primarily leased to high-quality publicly traded and credit-rated tenants [3].
Alpine Income Property Trust Announces $24.0 Million First Mortgage Loan Investment
Globenewswire· 2025-08-29 10:55
Core Viewpoint - Alpine Income Property Trust, Inc. has announced a $24.0 million first mortgage loan investment to fund the redevelopment of a former retail building into an industrial asset, aligning with its strategic objective to enhance shareholder value and cash flow growth [1][3]. Group 1: Loan Details - The loan has a term of 24 months and an interest rate of 11.0% [1]. - The total amount of the loan is $24.0 million, which was fully funded at closing [1]. Group 2: Property Information - The property spans 127,380 square feet on 8.7 acres and is located in the East Bay submarket of San Francisco, CA [2]. - The redevelopment is expected to attract users from technology, life science, manufacturing, and logistics sectors [2]. Group 3: Strategic Objectives - The transaction is part of the company's ongoing strategy to invest in institutional-quality assets and structured investments to drive value and cash flow growth for shareholders [3]. - Year-to-date in 2025, the company has completed $109.9 million in acquisition and structured investment transactions, achieving a weighted average initial cash yield of 9.5% [3]. Group 4: Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in single tenant net leased commercial income properties [4].
Alpine Income Property Trust Declares Dividend for the Third Quarter 2025
Globenewswire· 2025-08-19 20:05
Core Viewpoint - Alpine Income Property Trust, Inc. has declared a quarterly cash dividend of $0.285 per share for Q3 2025, reflecting an annualized yield of approximately 7.9% based on the stock's closing price on August 18, 2025 [1][2]. Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in single tenant net leased commercial properties, primarily leased to high-quality publicly traded and credit-rated tenants [3]. Dividend Details - The cash dividend of $0.285 per share is payable on September 30, 2025, to stockholders of record as of September 11, 2025, with the ex-dividend date also set for September 11, 2025 [2].
Alpine: It's A Get-In-Early Opportunity
Seeking Alpha· 2025-08-13 05:00
Core Insights - Alpine Income Property Trust, Inc. (NYSE: PINE) has experienced a decline of approximately 25% in market value since its listing on the New York Stock Exchange and a 15% decrease in year-to-date value, indicating that investors find the REIT underwhelming [1] Group 1 - The company is primarily focused on Fixed-Income and Preferred Shares, but also extends its analysis to equity REITs, Investment Funds, and Banks [1]
Alpine Income (PINE) Loses 5.1% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKS· 2025-07-29 14:45
Alpine Income (PINE) has been on a downward spiral lately with significant selling pressure. After declining 5.1% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum os ...
Alpine Income Property Trust, Inc. (PINE) Q2 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-07-25 16:43
Company Overview - Alpine Income Property Trust, Inc. (NYSE:PINE) held its Q2 2025 Earnings Call on July 25, 2025, at 9:00 AM ET [1] - The call featured key participants including John P. Albright, President and CEO, and Philip R. Mays, CFO, along with other executive team members [3] Earnings Call Structure - The conference call began with an operator introduction, followed by a presentation from Jenna McKinney [2] - A question-and-answer session was scheduled to follow the initial presentation [2] Forward-Looking Statements - The company provided a reminder that many comments made during the call are considered forward-looking statements under Federal Securities Laws [3] - It was noted that actual future results may differ significantly from the forward-looking statements discussed [4]
Alpine me Property Trust(PINE) - 2025 Q2 - Earnings Call Transcript
2025-07-25 14:02
Financial Data and Key Metrics Changes - FFO per share grew by 2.3% in the quarter and 4.8% year to date compared to the same period last year [5] - Total revenue for the quarter was $14,900,000, with lease income of $12,000,000 and interest income from commercial loans of $2,700,000 [11] - Year to date total revenue was $29,100,000, including lease income of $23,800,000 and interest income from commercial loans of $5,000,000 [11] - The company repurchased approximately 273,000 common shares for $4,300,000 at an average price of $15.81 per share during the quarter [11] - The quarterly cash dividend was maintained at $0.0285 per share, providing a current attractive dividend yield close to 8% [12] Business Line Data and Key Metrics Changes - The company sold five net lease properties for $16,500,000 at a weighted average exit cap of 7.9% [6] - The portfolio consists of 129 properties totaling 3,900,000 square feet across 34 states, with an occupancy rate of 98.2% [8] - The weighted average remaining lease term increased to 8.9 years from 6.6 years a year ago [9] Market Data and Key Metrics Changes - The company reduced its Walgreens exposure to approximately 7% of ABR, down from a larger concentration a year ago [6] - The market for Walgreens properties is active, with cap rates ranging from high 7s to early 10s or 11s depending on location and lease term [30] Company Strategy and Development Direction - The company is focused on a barbell investment strategy, pairing higher yielding acquisitions with quality tenants [5] - The investment guidance was increased by $30,000,000 to a new range of $100,000,000 to $130,000,000 for the year [14] - The company is actively pursuing both property acquisitions and structured loan investments, with a focus on high-quality opportunities [17][46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the acquisition and loan investment opportunities, despite a competitive environment [17][35] - The company is managing leverage carefully, with a net debt to pro forma adjusted EBITDA of 8.1 times [12][47] - Management expects to maintain a balanced approach between selling assets and making new investments [68] Other Important Information - The company recorded $2,800,000 of noncash impairment charges related to two largest vacant properties [13] - The Bass Pro Shops lease was amended to a new twenty-year initial lease term, with a rent increase of approximately $40,500 per month [57] Q&A Session Summary Question: How should we look at investments for the remainder of the year? - Management indicated that structured loan investment activity seems closer to happening than property acquisitions due to competitive conditions [17] Question: What will be the quarterly AFFO impact from the public loan payoff? - The impact is expected to be a couple of hundred dollars a quarter, translating to a little more than a full penny per quarter [22] Question: What is the current market for Walgreens and At Home properties? - The market is active for Walgreens, with cap rates depending on location, while At Home properties are attracting interest for redevelopment [30][31] Question: How does the company view its leverage target? - The company aims to manage leverage appropriately, with plans to reduce it through asset sales and maintaining free cash flow [47] Question: What is the target for Walgreens exposure in terms of ABR? - The current exposure is around 6.7% of ABR, with a target to reduce it below 5% [49]