Alpine Income Property Trust Reports Third Quarter 2024 Operating Results
Alpine Income Property Trust, Inc. (PINE)
Last alpine income property trust, inc. earnings: 4/27 04:22 pm
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Source: GlobeNewswire
WINTER PARK, Fla., Oct. 17, 2024 (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 its operating results and earnings for the quarter ended September 30, 2024. Select Highlights Net Income per diluted share attributable to the Company of $0.21.Funds from Operations (“FFO”) of $0.45 per diluted share, an increase of 21.6% from the comparable prior year period.Adjusted Funds from Operations (“AFFO”) of $0.44 per diluted share, an increase of 15.8% from the comparable prior year period.Raised net proceeds of $11.1 million under common stock ATM offering program.Acquired four net leased retail properties for $37.5 million, at a weighted average initial cash cap rate of 8.8%.Purchased and amended a first mortgage construction loan, secured by a Publix-anchored shopping center and three outparcels, with a total funding commitment of $17.8 million,
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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
- 11/18/24 - Form 4
- 11/14/24 - Form 3
- 11/14/24 - Form 144
- PINE's page on the SEC website