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

Alpine Income Property Trust, Inc. (NYSE:PINE) announced a quarterly dividend on Tuesday, July 14th. Shareholders of record on Thursday, September 10th will be paid a dividend of 0.32 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date 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 by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Alpine Income Property Trust has a dividend 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. Equities 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%

Shares of NYSE PINE opened at $19.59 on Tuesday. Alpine Income Property Trust has a twelve month low of $13.10 and a twelve month high of $21.99. The firm has a market cap of $345.18 million, a PE ratio of 103.11, a price-to-earnings-growth ratio of 1.30 and a beta of 0.54. The business has a fifty day simple moving average of $20.14 and a two-hundred day simple moving average of $19.59. 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 (NYSE:PINE) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $20.00 million for the quarter, compared to the consensus estimate 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. Analysts expect that Alpine Income Property Trust will post 2.16 earnings per share for the current fiscal 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.