Alpine Income (PINE) Provides Year-to-Date Transaction Updates [Yahoo! Finance]
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Alpine Income Property Trust, Inc. (PINE)
Last alpine income property trust, inc. earnings: 4/27 04:22 pm
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Source: Yahoo! Finance
The company purchased a two-tenant net leased retail property during the second quarter for $14.6 million. This property, spanning approximately 101,000 square feet and situated on 7.38 acres, is fully leased to investment-grade-rated tenants, namely Best Buy and Golf Galaxy (Dick's Sporting Goods). The tenants have a weighted average remaining lease term of 4.6 years. The acquisition of properties net leased to investment-grade-rated entities will likely help PINE enjoy steady rental revenues. Moreover, in the quarter, Alpine Income originated a 15-month first mortgage structured investment aggregating $6.1 million, with an initial yield of 11.5%. The company funded approximately $4.6 million at the start of the loan. The underlying loan collateral consists of three retail outparcels leased or under a letter of intent with a national convenience store and a national quick service restaurant located in Cincinnati, OH. Alpine Income has recorded a year-to-date total investment a
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PINE
News
- Alpine Income Property Trust Announces Second Quarter 2024 Earnings Release and Conference Call InformationGlobeNewswire
- Alpine Income Property Trust Announces Year-To-Date 2024 Transaction Activity [Yahoo! Finance]Yahoo! Finance
- Alpine Income Property Trust Announces Year-To-Date 2024 Transaction ActivityGlobeNewswire
- 3 Small Cap REITs Poised To Profit [Seeking Alpha]Seeking Alpha
- Neutral View On Alpine Income Property Trust As There Are Better Alternatives [Seeking Alpha]Seeking Alpha
PINE
Earnings
- 4/18/24 - Beat
PINE
Sec Filings
- 6/28/24 - Form 4
- 6/18/24 - Form 3
- 6/17/24 - Form 4
- PINE's page on the SEC website