Alpine Income Property Trust: Strategic Growth And A Low Valuation

RiverNorthPhotography/iStock Unreleased via Getty Images Introduction Alpine Income Property Trust (NYSE:PINE) is a U.S. based, retail focused REIT with 137 net lease properties spread across 34 different states. As of Q2 FY2024, they reported a 99.1% occupancy rate. This stacks up well against peers, as the average occupancy rate for publicly traded U.S. retail REITs was only 96.5% as of April this year. Since their IPO back in 2019, they have grown their property count by nearly 7x and expanded from $13.3 ...