Headquartered in Winter Park, FL Fiscal year ends December NYSE: PINE alpinereit.com
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust (REIT) that invests in, owns, and operates single-tenant net leased commercial income properties predominantly leased to high-quality publicly traded and credit-rated tenants. The company's portfolio spans 128 properties across 31 states totaling 4.5 million square feet, with major industry exposures in home improvement, sporting goods, casual dining, dollar stores, entertainment, and grocery. Key tenants include Lowe's, Dick's Sporting Goods, Walmart, Best Buy, and Dollar General, with 55% of annualized base rent attributable to investment grade-rated tenants. PINE also operates a complementary commercial lending platform with 13 first-mortgage construction and permanent loans secured by real estate, carrying a weighted average coupon rate of 13.2%. The company is externally managed and structured as an UPREIT through Alpine Income Property OP, LP. PINE also has outstanding 8.000% Series A Cumulative Redeemable Preferred Stock. Updated
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Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust (REIT) that invests in, owns, and operates single-tenant net leased commercial income properties predominantly leased to high-quality publicly traded and credit-rated tenants.
The Wall Street consensus 12-month price target for PINE is $19.70.
