The US is facing a drugstore graveyard as stores close. Filling the leftover spaces is the next challenge. [Business Insider]
Alpine Income Property Trust, Inc. (PINE)
Last alpine income property trust, inc. earnings: 4/27 04:22 pm
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Source: Business Insider
The spaces can sit vacant, though landlords are incentivized to fill the "junior box" locations. America's retail pharmacy giants are undergoing an uncomfortable period of decline, with their convenience in question. For years, landlords viewed drugstores as stable tenants in shopping centers since shoppers relied on them for prescriptions. That made them attractive fits for prominent storefronts, including as an anchor tenant for small shopping centers, said Steven Teitelbaum, a professorial lecturer at American University's Kogod School of Business who previously practiced commercial real estate law at Jones Day. Known in the industry as a "junior box" — as opposed to a big box store, like Walmart or Target — these 20,000 square-foot formats were often purpose-built to support pharmacies' dual business of dispensing medication in the back and snacks in the front. Many are now expected to close — thousands over the next several years across CVS, Walgreens, and Rite Aid. Wa
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PINE
News
- What Makes Alpine Income (PINE) a New Strong Buy Stock [Yahoo! Finance]Yahoo! Finance
- Best Income Stocks to Buy for November 21st [Yahoo! Finance]Yahoo! Finance
- Best Value Stocks to Buy for November 21st [Yahoo! Finance]Yahoo! Finance
- Alpine Income Property Trust Declares Dividend For the Fourth Quarter 2024GlobeNewswire
- Alpine Income Property Trust Announces Changes to Board of DirectorsGlobeNewswire
PINE
Earnings
- 10/17/24 - Beat
PINE
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/18/24 - Form 4
- PINE's page on the SEC website