The latest update is out from Alpine Income Property Trust Inc ( (PINE) ).
On February 6, 2025, Alpine Income Property Trust reported its financial results for the fourth quarter and full year of 2024. Despite a fourth-quarter net loss, the company achieved a 17% growth in AFFO per share for the year and increased its dividend for Q1 2025. The year saw successful investment and disposition activities, with $134.7 million in investments closed and $75 million in dispositions. The company also reduced its exposure to Walgreens and extended its average lease term, positioning itself for future growth.
More about Alpine Income Property Trust Inc
Alpine Income Property Trust, Inc. is an owner and operator of single tenant net leased commercial income properties. The company focuses on managing and acquiring properties across various industries in the United States, with a portfolio that spans 35 states and includes 134 properties with a high occupancy rate of 98%.
YTD Price Performance: 3.84%
Average Trading Volume: 94,881
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $247.2M
For a thorough assessment of PINE stock, go to TipRanks’ Stock Analysis page.