Alpine Income Property Trust, Inc. (NYSE:PINE) Declares $0.30 Quarterly Dividend

Alpine Income Property Trust, Inc. (NYSE:PINE) announced a quarterly dividend on Wednesday, May 27th. Shareholders of record on Thursday, June 11th will be paid a dividend of 0.30 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Thursday, June 11th.

Alpine Income Property Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. Alpine Income Property Trust has a payout ratio of 4,000.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Alpine Income Property Trust to earn $2.09 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 57.4%.

Alpine Income Property Trust Trading Down 1.2%

Shares of PINE stock opened at $19.35 on Thursday. The company’s fifty day simple moving average is $19.00 and its two-hundred day simple moving average is $18.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.45 and a quick ratio of 2.45. Alpine Income Property Trust has a 1 year low of $13.10 and a 1 year high of $20.80. The stock has a market capitalization of $319.70 million, a price-to-earnings ratio of -215.00, a PEG ratio of 1.31 and a beta of 0.56.

Alpine Income Property Trust (NYSE:PINE) last issued its earnings results on Thursday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Alpine Income Property Trust had a net margin of 1.09% and a return on equity of 0.25%. The business had revenue of $18.41 million for the quarter, compared to the consensus estimate of $17.62 million. Alpine Income Property Trust has set its FY 2026 guidance at 2.110-2.150 EPS. As a group, analysts anticipate that Alpine Income Property Trust will post 2.14 earnings per share for the current year.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses.

The company’s portfolio is diversified across multiple U.S.