Alpine Income Property Trust Declares Dividend For the Second Quarter 2024
May 28 2024 - 7:00AM
Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”)
announced today that its Board of Directors has authorized, and the
Company has declared a quarterly cash dividend of $0.275 per share
of common stock for the second quarter of 2024 (the “Common Stock
Cash Dividend”). The Common Stock Cash Dividend represents an
annualized yield of approximately 7.2% based on the closing price
of the Company’s common stock on May 24, 2024.
The Common Stock Cash Dividend is payable on
June 28, 2024, to stockholders of record as of the close of
business on June 13, 2024, and the ex-dividend date for the Common
Stock Cash Dividend is June 12, 2024.
About Alpine Income Property Trust,
Inc.
Alpine Income Property Trust, Inc. (NYSE: PINE)
is a publicly traded real estate investment trust that seeks to
deliver attractive risk-adjusted returns and dependable cash
dividends by investing in, owning and operating a portfolio of
single tenant net leased commercial income properties that are
predominately leased to high-quality publicly traded and
credit-rated tenants.
We encourage you to review our most recent
investor presentation which is available on our website at
http://www.alpinereit.com.
Safe Harbor
This press release may contain “forward-looking
statements.” Forward-looking statements include statements that may
be identified by words such as “could,” “may,” “might,” “will,”
“likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,”
“estimates,” “expects,” “continues,” “projects” and similar
references to future periods, or by the inclusion of forecasts or
projections. Forward-looking statements are based on the Company’s
current expectations and assumptions regarding capital market
conditions, the Company’s business, the economy and other future
conditions. Because forward-looking statements relate to the
future, by their nature, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. As a result, the Company’s actual results may
differ materially from those contemplated by the forward-looking
statements. Important factors that could cause actual results to
differ materially from those in the forward-looking statements
include general business and economic conditions, continued
volatility and uncertainty in the credit markets and broader
financial markets, risks inherent in the real estate business,
including tenant defaults, potential liability relating to
environmental matters, credit risk associated with the Company
investing in first mortgage investments, illiquidity of real estate
investments and potential damages from natural disasters, the
impact of epidemics or pandemics (such as the COVID-19 Pandemic and
its variants) on the Company’s business and the business of its
tenants and the impact of such epidemics or pandemics on the U.S.
economy and market conditions generally, other factors affecting
the Company’s business or the business of its tenants that are
beyond the control of the Company or its tenants, and the factors
set forth under “Risk Factors” in the Company’s Annual Report on
Form 10-K for the year ended December 31, 2023 and other risks and
uncertainties discussed from time to time in the Company’s filings
with the U.S. Securities and Exchange Commission. Any
forward-looking statement made in this press release speaks only as
of the date on which it is made. The Company undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future
developments or otherwise.
Contact: |
Lisa M. VorakounSenior Vice President, Chief Accounting Officer and
Interim Chief Financial Officer and Treasurer(386)
944-5641lvorakoun@alpinereit.com |
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