Alpine Income Property Trust, Inc. (NYSE:PINE) Announces Dividend Increase – $0.30 Per Share

Alpine Income Property Trust, Inc. (NYSE:PINE) declared a quarterly dividend on Thursday, February 5th. Investors of record on Thursday, March 12th will be paid a dividend of 0.30 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Thursday, March 12th. This is a 5.3% increase from Alpine Income Property Trust’s previous quarterly dividend of $0.29.

Alpine Income Property Trust has raised its dividend payment by an average of 0.8%annually over the last three years and has increased its dividend every year for the last 3 years. Alpine Income Property Trust has a payout ratio of 3,800.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Alpine Income Property Trust to earn $1.73 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 65.9%.

Alpine Income Property Trust Stock Up 6.8%

NYSE:PINE opened at $19.73 on Friday. Alpine Income Property Trust has a twelve month low of $13.10 and a twelve month high of $19.38. The firm has a market capitalization of $279.48 million, a price-to-earnings ratio of -56.37 and a beta of 0.59. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.46. The stock’s 50 day moving average price is $17.20 and its two-hundred day moving average price is $15.61.

Alpine Income Property Trust (NYSE:PINE) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.43). The company had revenue of $16.90 million during the quarter, compared to analyst estimates of $15.28 million. Alpine Income Property Trust had a negative net margin of 8.86% and a negative return on equity of 1.96%. Alpine Income Property Trust has set its FY 2026 guidance at 2.090-2.130 EPS. Equities research analysts expect that Alpine Income Property Trust will post 1.74 earnings per share for the current fiscal 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.