Alpine Income Property Trust, Inc. | REIT Profile
Symbol: PINE
CIK: 1786117
Exchange: NYSE
Founded: 2019 (4 years)
HQ: Daytona Beach, FL, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Retail
See PINE on Yahoo Finance
See PINE on SEC.gov
 |
 |
On, Nov. 08, 2019, Alpine Income Property Trust, Inc. (the Company or PINE) announced today the launch of its initial public offering of 7,500,000 shares of common stock. The initial public offering price is expected to be between $19.00 and $21.00 per share. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock. The Company has applied to list the shares of common stock on the New York Stock Exchange under the symbol PINE. About Alpine Income Property Trust, Inc. Alpine Income Property Trust, Inc. is a newly organized real estate company that owns and operates a high-quality portfolio of single-tenant commercial properties, all of which are leased on a long-term basis and located primarily in or in close proximity to major metropolitan statistical areas. Properties representing approximately 82% of PINE's initial portfolio's annualized base rent as of September 30, 2019 are leased on a triple-net basis. PINE intends to elect to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes.
Stock Chart
REITMovers
REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Close | Previous Close | Volume | Change $ | Change % | Market Cap | PE Ratio | 52W High | 52W Low | Ytd Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $16.47 | $16.56 | $16.29 | $16.32 | $16.43 | $16.43 | 49,037 | $0.04 | 0.24% | $231,402,528 | N/A | $19.81 | $14.47 | -9.39% |
Last update: 2023-09-25 12:54:00 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Hightlights of Trading Day September 25, 2023
Closing Price: $16.45
Price Change: 0.02 (0.122%)
Lowest Price: $16.29
Highest Price: $16.56
52-Week Low: $14.47
52-Week Change: 1.30%
5 Day Price Change: -3.58%
1 Month Price Change: -2.35%
3 Month Price Change: 9.57%
6 Month Price Change: 3.85%
1 Year Price Change: 1.30%
2 Year Price Change: 1.65%
5 Year Price Change: 9.09%
Dividend of Trading Day September 25, 2023
Annualized Dividend: $1.1*
Dividend Yield (TTM): 6.535%
Annualized Dividend (TTM): $1.0737
Ex-Dividend Date: 2023-09-13
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest REIT Press Releases
- Alpine Income Property Trust Reports Second Quarter 2023 Operating Results - Thu, 20 Jul 2023 20:10:51 UTC
- Alpine Income Property Trust Provides Operational Update - Mon, 05 Jun 2023 11:31:37 UTC
- Alpine Income Property Trust Declares Dividend For the First Quarter 2023 - Wed, 22 Feb 2023 12:31:18 UTC
- Alpine Income Property Trust Provides Operational Update - Mon, 14 Nov 2022 12:01:16 UTC
- Alpine Income Property Trust Provides Corporate Update - Tue, 11 Oct 2022 11:31:55 UTC
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for PINE.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2023 | Q2 | AFFO | $--- | $--- | ---% |
| 2023 | Q2 | FFO | $--- | $--- | ---% |
| 2023 | Q1 | AFFO | $--- | $--- | ---% |
| 2023 | Q1 | FFO | $--- | $--- | ---% |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.
Key Stats of Trading Day September 25, 2023
Current Debt: ---
Revenue: ---
Gross Profit: ---
Total Revenue: ---
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): ---
Revenue Per Share: ---
Revenue Per Employee: ---
Employee: ---
Debt to Equity Ratio (D/E): ---
Enterprise Value (EV): ---
Enterprise Value to Revenue (EV/R): ---
Price to Sales (P/S): ---
Price to Book (P/B): ---
Price/Earnings-to-Growth (PEG) Ratio: ---
P/E Ratio: ---
P/E High: ---
P/E Low: ---
Forward P/E Ratio: ---
Market Capitalization: ---
Latest Volume: ---
Avg. Total Volume: ---
Avg. 10-Day Volume: ---
Avg. 30-Day Volume: ---
TTM EPS: ---
Shares Outstanding: ---
Float: ---
50-Day Moving Avg.: ---
200-Day Moving Avg.: ---
Latest REIT Community Comments on #PINE
- #PINE has been able to maintain their share price despite the pandemic. Not bad for a new REIT! - usuallyconfused - 2021-01-06 22:19:38 - See full comment
- #PINE also declared the company acquired nine single-tenant income properties for a total investment of approximately $47.0 million, reflecting a going-in weighted average investment cap rate of approximately 7.1%. The properties had a weighted average remaining lease term of approximately 11.5 years. They also repurchased approximately 352,000 shares for approximately $3.8 million with an average purchase price of $10.77 per share, under the new $5 million buyback program approved March 2020. Paid First Quarter 2020 Dividend of $0.20 per share on March 31, 2020 to stockholders of record as of March 20, 2020. - Kev B - 2020-07-05 09:01:17 - See full comment
- I liked seeing #PINE - Alpine’s report they increased their FFO and AFFO. They also reported that of the 29 income properties in the Company’s portfolio, 24 properties have remained open since the onset of the COVID-19 Pandemic, with 11 of those properties operating on a limited basis. The 24 properties represent approximately 78% of our annualized base rent. Alpine is a newcomer but they seem to have things under control. - Kyuie - 2020-05-02 22:10:29 - See full comment
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $11.73 per share you would have been able to buy 85 shares of PINE on 2022-09-25 costing $997.05 | @ $11.73 per share you would have been able to buy 42 shares of PINE on 2022-09-25 costing $492.66 | @ $11.73 per share you would have been able to buy 21 shares of PINE on 2022-09-25 costing $246.33 | @ $11.73 per share you would have been able to buy 8 shares of PINE on 2022-09-25 costing $93.84 | @ $11.73 per share you would have been able to buy 4 shares of PINE on 2022-09-25 costing $46.92 |
| Current worth | On 2023-09-25 these 85 shares would be worth $1,398.25 @ $16.45 | On 2023-09-25 these 42 shares would be worth $690.90 @ $16.45 | On 2023-09-25 these 21 shares would be worth $345.45 @ $16.45 | On 2023-09-25 these 8 shares would be worth $131.60 @ $16.45 | On 2023-09-25 these 4 shares would be worth $65.80 @ $16.45 |
| Dividends earned | $116.88 in dividends would have been earned since 2022-09-25 with 85 shares. | $58 in dividends would have been earned since 2022-09-25 with 42 shares. | $28.88 in dividends would have been earned since 2022-09-25 with 21 shares. | $11.00 in dividends would have been earned since 2022-09-25 with 8 shares. | $5.50 in dividends would have been earned since 2022-09-25 with 42 shares. |
| Net (gain / loss)* | 518.08 USD | 255.99 USD | 128.00 USD | 48.76 USD | 24.38 USD |
| ROI** | 51.96% | 51.96% | 51.96% | 51.96% | 51.96% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| --- | --- | --- | --- | --- | --- | --- |
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 8 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 4.6 |
| 3 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 7.2 |
| 9 | Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. | 8.6 |
| 10 | Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. | 7.3 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 7 | AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. | 8.8 |
| 10 | AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.9 |
| Rating | Leverage Section | Avg. Rating |
| Rating | Asset & Revenue Section | Avg. Rating |
| Rating | Properties Section | Avg. Rating |
| 10 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.9 |
| 9 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 8.6 |
| Rating | Market Cap Section | Avg. Rating |
| 10 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 5.7 |
| 6.3 | Overall REITRating™ Score (See trend) | 6.3 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
Related REITs
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| First REIT of New Jersey (FREVS) | 4.0 | OTC | Micro-Cap | Diversified Residential Retail | United States |
| Generation Income Properties Inc. (GIPR) | 2.0 | NASDAQ | Micro-Cap | Retail | United States |
| Medalist Diversified REIT, Inc. (MDRR) | N/A | NASDAQ | Micro-Cap | Retail Hotel Office Residential | United States |
| Modiv Inc. (MDV) | 3.3 | NYSE | Micro-Cap | Retail Office Industrial | United States |
| Pennsylvania Real Estate Investment Trust, Inc. (PEI) | N/A | OTC | Micro-Cap | Retail | United States |
Last updated: 2023-09-25 - v4.1