Alpine Income Property Trust, Inc. (NYSE:PINE) Increases Dividend to $0.32 Per Share

Alpine Income Property Trust, Inc. (NYSE:PINE) announced a quarterly dividend on Tuesday, July 14th. Stockholders of record on Thursday, September 10th will be given a dividend of 0.32 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 6.7% increase from Alpine Income Property Trust’s previous quarterly dividend of $0.30.

Alpine Income Property Trust has raised its dividend payment by an average of 0.1%annually 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 4,266.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Alpine Income Property Trust to earn $2.02 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 63.4%.

Alpine Income Property Trust Trading Down 0.3%

NYSE:PINE opened at $19.59 on Tuesday. The stock’s 50 day moving average price is $20.14 and its 200 day moving average price is $19.59. The company has a market capitalization of $345.18 million, a PE ratio of 103.11, a P/E/G ratio of 1.30 and a beta of 0.54. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.03. Alpine Income Property Trust has a 52-week low of $13.10 and a 52-week high of $21.99.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $20.00 million for the quarter, compared to analyst estimates of $18.85 million. Alpine Income Property Trust had a return on equity of 2.11% and a net margin of 9.36%.Alpine Income Property Trust has set its FY 2026 guidance at 2.120-2.150 EPS. On average, research analysts anticipate that Alpine Income Property Trust will post 2.16 EPS for the current year.

About Alpine Income Property Trust

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.