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Alpine Income Property Trust Announces Fourth Quarter 2024 Earnings Release and Conference Call Information
Globenewswire· 2025-01-16 21:05
Core Viewpoint - Alpine Income Property Trust, Inc. will report its financial and operating results for Q4 and full year 2024 on February 6, 2025, with a conference call scheduled for February 7, 2025 [1]. Group 1 - The company is a publicly traded real estate investment trust (REIT) focused on delivering attractive risk-adjusted returns and dependable cash dividends [3]. - The investment strategy involves investing in, owning, and operating a portfolio of single-tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants [3]. Group 2 - A live webcast of the conference call will be available on the company's Investor Relations page [2]. - Participants are encouraged to register and dial in at least fifteen minutes before the scheduled start time [2].
Alpine Income (PINE) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
ZACKS· 2025-01-09 15:56
A downtrend has been apparent in Alpine Income (PINE) lately. While the stock has lost 5.4% over the past four weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future ...
Alpine Income's 2024 Investment Activity Reaches $134.7 Million
ZACKS· 2025-01-03 16:10
Core Insights - Alpine Income Property Trust (PINE) has acquired a property leased to Lowe's Home Improvement for $22.5 million, emphasizing its strategy of securing long-term leases with financially stable tenants [2] - In 2024, PINE completed $134.7 million in investments with a weighted average initial investment yield of 8.7%, showcasing effective asset acquisition strategies [3] - The company executed $75.6 million in property sales, improving its portfolio by reallocating resources from lower-growth properties to higher-performing assets [4] Investment Strategy - The acquisition of the Lowe's property, which has a lease term of approximately 13 years and an investment-grade tenant rating of BBB+, enhances PINE's cash flow stability [2] - PINE's portfolio now derives approximately 51% of its annual base rent (ABR) from investment-grade tenants, increasing cash flow reliability [5] - The weighted average remaining lease term has increased from 7.0 years to 8.8 years, extending income visibility and reducing renewal risk [5] Market Performance - PINE's shares have increased by 9.8% over the past six months, outperforming the real estate market's growth of 7.3% [6] - Analysts have revised upward the consensus estimate for funds from operations (FFO) per share for both 2024 and 2025, indicating a positive outlook [7]
Alpine Income Property Trust Announces Acquisition of Lowe’s Home Improvement
Globenewswire· 2025-01-02 21:05
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 ...
PINE or SHO: Which Is the Better Value Stock Right Now?
ZACKS· 2024-12-24 17:41
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 ...
Alpine Income Property: Improved Portfolio Quality Results In Growth Potential
Seeking Alpha· 2024-11-27 09:03
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 ...
What Makes Alpine Income (PINE) a New Strong Buy Stock
ZACKS· 2024-11-21 18:00
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 ...
Best Value Stocks to Buy for November 21st
ZACKS· 2024-11-21 09:45
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) : ...
Alpine Income Property Trust Declares Dividend For the Fourth Quarter 2024
GlobeNewswire News Room· 2024-11-19 21:10
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]
Alpine Income Property: Q3 Earnings Beats Assessed
Seeking Alpha· 2024-10-20 05:49
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 ...