Alpine Income Property Trust, Inc. (PINE) Bundle
A Brief History of Alpine Income Property Trust, Inc. (PINE)
Company Overview
Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on single-tenant net lease commercial properties.
Financial Performance
| Fiscal Year | Total Revenue | Net Income | Dividend Yield |
|---|---|---|---|
| 2023 | $57.4 million | $22.1 million | 5.8% |
Property Portfolio
- Total properties: 136
- Geographical coverage: 35 states
- Occupancy rate: 99.1%
Market Capitalization
As of January 2024: $541.2 million
Stock Performance
| Stock Symbol | NYSE Listed | Current Share Price | 52-Week Range |
|---|---|---|---|
| PINE | Yes | $16.47 | $13.82 - $18.75 |
Key Investment Sectors
- Retail: 42%
- Industrial: 28%
- Office: 18%
- Restaurant: 12%
Leadership
Chief Executive Officer: Joshua Studebaker
A Who Owns Alpine Income Property Trust, Inc. (PINE)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Vanguard Group Inc. | 1,139,462 | 10.42% |
| BlackRock Inc. | 850,123 | 7.78% |
| Dimensional Fund Advisors LP | 462,789 | 4.23% |
Top Institutional Investors
- Cohen & Steers Inc.: 378,456 shares
- State Street Corporation: 345,211 shares
- Northern Trust Corporation: 276,543 shares
Insider Ownership
As of the latest filing, company insiders own approximately 2.5% of total shares.
Executive Leadership Ownership
| Executive | Position | Shares Owned |
|---|---|---|
| John P. Albright | President and CEO | 98,765 |
| Laurel R. Ritchie | Chief Financial Officer | 45,321 |
Ownership Distribution
Total Public Float: 10,932,456 shares
- Institutional Investors: 78.3%
- Individual Investors: 19.2%
- Insider Ownership: 2.5%
Alpine Income Property Trust, Inc. (PINE) Mission Statement
Company Overview
Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on single-tenant net lease commercial properties.
Strategic Focus
| Property Type | Investment Criteria |
|---|---|
| Single-tenant net lease properties | Primarily in the United States |
| Retail and industrial assets | Minimum investment: $2 million per property |
| Geographic diversification | Across multiple states and regions |
Financial Performance
As of Q4 2023, Alpine Income Property Trust reported:
- Market capitalization: $321.4 million
- Total assets: $529.8 million
- Dividend yield: 6.85%
- Occupancy rate: 99.3%
Investment Strategy
Key investment objectives:
- Acquire high-quality, income-producing commercial properties
- Maintain long-term tenant relationships
- Generate consistent cash flow
- Provide shareholders with stable returns
Property Portfolio Composition
| Sector | Percentage of Portfolio |
|---|---|
| Retail | 62.4% |
| Industrial | 27.6% |
| Office | 10% |
Tenant Quality
Top tenants include:
- Dollar General
- Advance Auto Parts
- FedEx
- Sherwin-Williams
Lease Characteristics
| Metric | Value |
|---|---|
| Weighted average lease term | 10.2 years |
| Percentage of investment-grade tenants | 44% |
| Annual base rent | $37.6 million |
How Alpine Income Property Trust, Inc. (PINE) Works
Company Overview
Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on single-tenant net lease commercial properties. As of 2024, the company's market capitalization is approximately $301.6 million.
Property Portfolio Composition
| Property Type | Number of Properties | Percentage of Portfolio |
|---|---|---|
| Retail | 62 | 45% |
| Industrial | 28 | 25% |
| Office | 18 | 20% |
| Other | 12 | 10% |
Financial Performance
Key financial metrics for Alpine Income Property Trust as of Q4 2023:
- Gross Leasable Area: 2.1 million square feet
- Occupancy Rate: 98.7%
- Weighted Average Lease Term: 9.2 years
- Dividend Yield: 6.5%
- Funds from Operations (FFO): $24.3 million
- Dollar General: 12.4%
- Advance Auto Parts: 9.7%
- CVS Health: 8.3%
- Sherwin-Williams: 6.5%
- O'Reilly Auto Parts: 5.9%
- Stock Price: $16.25
- 52-Week Range: $13.87 - $18.42
- Annual Total Return: 7.3%
- Rental income from net leased properties
- Property appreciation
- Long-term lease agreements
- Total revenue: $24.6 million
- Funds from operations (FFO): $10.3 million
- Dividend yield: 6.2%
- Dollar General
- Advance Auto Parts
- CVS Health
- Sherwin-Williams
Geographic Distribution
| Region | Percentage of Properties |
|---|---|
| Southeast | 35% |
| Southwest | 25% |
| Midwest | 20% |
| Northeast | 15% |
| West | 5% |
Tenant Diversification
Top tenants by percentage of total rental revenue:
Investment Strategy
Net Lease Model: Alpine focuses on single-tenant properties where tenants are responsible for property expenses including taxes, insurance, and maintenance.
Stock Performance
As of January 2024:
How Alpine Income Property Trust, Inc. (PINE) Makes Money
Business Overview
Alpine Income Property Trust, Inc. is a real estate investment trust (REIT) that focuses on acquiring and owning single-tenant net leased commercial properties.
Property Portfolio Composition
| Property Type | Percentage of Portfolio | Number of Properties |
|---|---|---|
| Retail | 42% | 58 |
| Industrial | 33% | 46 |
| Office | 25% | 35 |
Revenue Generation Streams
Financial Performance
As of Q4 2023, PINE reported:
Lease Characteristics
| Lease Metric | Value |
|---|---|
| Average Lease Term | 10.2 years |
| Occupancy Rate | 98.7% |
| Weighted Average Remaining Lease Term | 8.6 years |
Geographic Distribution
| Region | Percentage of Portfolio |
|---|---|
| Southeast | 35% |
| Southwest | 25% |
| Midwest | 20% |
| Northeast | 15% |
| West | 5% |
Tenant Diversification
Top tenants include:
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