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-0.0148601398601399 -0.0148601398601399 0.048951048951049 0.0480769230769231 -0.0101923076923075 0.0201048951048951 0.00786713286713301 -0.00524475524475513
Stock impact report

Alpine Income Property Trust, Inc. Provides Corporate Update

Alpine Income Property Trust, Inc. (PINE) 
Last alpine income property trust, inc. earnings: 4/27 04:22 pm Check Earnings Report
Company Research Source: GlobeNewswire
DAYTONA BEACH, Fla., April 03, 2020 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today provided a corporate update in light of concerns surrounding the COVID-19 pandemic, which has resulted in substantial volatility in the capital markets and dislocations in the U.S. economy. Withdrawal of Full-Year 2020 GuidanceGiven the uncertainties created by the COVID-19 pandemic and the impact on the capital markets, the U.S. economy, and PINE’s tenants, the Company  believes it is appropriate to withdraw its previously provided guidance for the full-year of 2020. Further, the Company is not providing updated guidance at this time. Liquidity UpdateWhile the Company cannot predict the depth, duration, or geographic impact of the COVID-19 pandemic, the Company remains focused on maintaining a strong balance sheet, strong liquidity and financial flexibility. As a precautionary measure, the Company recently drew $20 million of available capacity o Show less Read more
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