Full Year Investment Activity Reached $134.7 Million; Dispositions Totaled $75.6 MillionWINTER PARK, Fla., Jan. 02, 2025 (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 the acquisition of a property leased to Lowe’s Home Improvement, and updated fourth quarter and full year 2024 investment and disposition activity. 2024 Investment Activity Completed a $22.5 million ...

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Alpine Income (PINE) and Sunstone Hotel Investors (SHO) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate re ...

Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeking out high quality dividend stocks, and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth sto ...

Investors might want to bet on Alpine Income (PINE) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system ...

Here are two stocks with buy rank and strong value characteristics for investors to consider today, November 21:Alpine Income Property Trust, Inc. (PINE) : This real estate investment trust carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.1% over the last 60 days.Alpine Income Property has a price-to-earnings ratio (P/E) of 10.45 compared with 14.10 for the industry. The company possesses a Value Scoreof B.Resideo Technologies, Inc. (REZI) : ...

Core Points - Alpine Income Property Trust, Inc. has declared a quarterly cash dividend of $0.280 per share for Q4 2024, representing an annualized yield of approximately 6.3% based on the closing price on November 18, 2024 [1][2] - The cash dividend is payable on December 31, 2024, to stockholders of record as of December 12, 2024, with the ex-dividend date also set for December 12, 2024 [2] - The company operates as a publicly traded real estate investment trust (REIT), focusing on single tenant net leased commercial properties leased to high-quality tenants [3]

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Kindly note that our content on Seeking Alpha and other platforms doesn't constitute financial advice ...

Financial Data and Key Metrics Changes - FFO was $0.45 per diluted share for the quarter, an increase of 22% compared to $0.37 reported in Q3 2023 [10] - AFFO was $0.44 per diluted share for the quarter, an increase of 16% compared to $0.38 reported in Q3 2023 [10] - Total revenue was $13.5 million for the quarter, including lease income of $11.7 million and interest income from commercial loans of $1.7 million [11] Business Line Data and Key Metrics Changes - Acquired four net lease properties for $37.5 million at a weighted average initial cap rate of 8.8% [4] - Sold eight properties during the quarter for $48.6 million at a weighted average cash cap rate of 6.8%, generating aggregate gains of $3.4 million [6] - The investment activity generated a weighted average yield of 9.2%, a positive spread of 240 basis points to the 6.8% weighted average cap rate on dispositions completed [6] Market Data and Key Metrics Changes - The company reduced its exposure to Walgreens, which has dropped from the largest tenant concentration to the second largest [6] - Investment-grade tenants now account for over 52% of the company's ABR, with Dick's being the largest tenant at 11% of ABR [7] Company Strategy and Development Direction - The company is focused on strategic asset recycling, originating high-yielding loans, and increasing the weighted average lease term [4] - Future investment strategy includes a barbell approach with longer-term investment-grade activity balanced by investments in higher yielding and more accretive assets [7] - The company plans to continue reducing exposure to Walgreens while exploring attractive investment opportunities across the tenant landscape [7] Management's Comments on Operating Environment and Future Outlook - Management expressed satisfaction with the improved transaction environment and increased liquidity, leading to more acquisition opportunities [15] - The company is optimistic about the recovery of properties affected by recent hurricanes, with adequate insurance coverage in place [5] - Management raised full-year 2024 guidance for FFO to a range of $1.67 to $1.69 per share and AFFO to a range of $1.69 to $1.71 per share [14] Other Important Information - The company raised its quarterly common dividend from $0.275 per share to $0.28 per share, maintaining a healthy AFFO payout ratio of 64% [13] - The company ended the quarter with net debt to EBITDA of 6.9 times, improved from 7.4 times in the previous quarter [13] Q&A Session Summary Question: Can you talk about the transaction environment? - Management noted that the liquidity environment has improved, leading to more sellers coming to market and increased acquisition opportunities [15] Question: Can you provide more detail on the insurance arrangement for the Tampa properties? - Management confirmed that there are two years of business interruption insurance and full replacement insurance, ensuring minimal disruption [17] Question: How do you feel about your current exposure to Walgreens? - The average lease duration for Walgreens is 7.6 years, with the nearest expiration in six years, and management is actively receiving bids for additional properties [25] Question: What is the outlook for potential credit loss in the current macro environment? - Management indicated that the portfolio is in good shape, with proactive measures taken to sell underperforming assets [27] Question: Any plans to reduce exposure to dollar stores? - Management acknowledged that while there are some dollar store properties on the market, the focus has primarily been on reducing Walgreens exposure [29] Question: Can you discuss the size of your transaction funnel? - Management reported a transaction funnel of approximately $200 million, with a mix of larger portfolio deals rather than smaller transactions [40]

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. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 12.50%. A quarter ago, it was expected that this company would post FFO of $0.39 per share when it actually produced FFO of $0.43, delivering a surprise of 10.26%. Over the last four quarters, the company h ...

WINTER PARK, Fla., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company" or "PINE") today announced that Mark O. Decker, Jr., has notified the Company of his resignation from the Company's Board of Directors, effective October 4, 2024. "On behalf of the Board, I want to thank Mark for his contributions to PINE over the last five years," said Andrew Richardson, Chairman of the Board of PINE. "Mark's knowledge and experience have been important in the Company's growt ...