{"id":8205,"date":"2023-03-20T18:30:10","date_gmt":"2023-03-20T23:30:10","guid":{"rendered":"https:\/\/1reason.com\/re\/alpine-income-property-trust-declares-dividend-for-the-first-quarter-2023\/8205\/"},"modified":"2023-03-21T13:30:10","modified_gmt":"2023-03-21T18:30:10","slug":"alpine-income-property-trust-declares-dividend-for-the-first-quarter-2023","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/alpine-income-property-trust-declares-dividend-for-the-first-quarter-2023\/8205\/","title":{"rendered":"Alpine Income Property Trust Declares Dividend For the First Quarter 2023"},"content":{"rendered":"
\n

The Common Stock Cash Dividend represents a 1.9% year-over-year increase as compared to the Company\u2019s first quarter 2022 common stock cash dividend and an annualized yield of approximately 5.9% based on the closing price of the common stock on February 21, 2023.<\/p>\n

The Common Stock Cash Dividend is payable on March 31, 2023, to stockholders of record as of the close of business on March 9, 2023, and the ex-dividend date for the Common Stock Cash Dividend is March 8, 2023.<\/p>\n

About Alpine Income Property Trust, Inc.<\/u><\/strong><\/p>\n

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 predominantly leased to high-quality publicly traded and credit-rated tenants.<\/p>\n

We encourage you to review our most recent investor presentation which is available on our website at http:\/\/www.alpinereit.com<\/a>.<\/p>\n

Safe Harbor<\/u><\/strong><\/p>\n

This press release may contain \u201cforward-looking statements.\u201d Forward-looking statements include statements that may be identified by words such as \u201ccould,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201clikely,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cseeks,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201ccontinues,\u201d \u201cprojects\u201d and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company\u2019s current expectations and assumptions regarding capital market conditions, the Company\u2019s 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\u2019s 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, illiquidity of real estate investments and potential damages from natural disasters, the impact of the COVID-19 Pandemic and its variants on the Company\u2019s business and the business of its tenants and the impact on the U.S. economy and market conditions generally, other factors affecting the Company\u2019s business or the business of its tenants that are beyond the control of the Company or its tenants, and the factors set forth under \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2022 and other risks and uncertainties discussed from time to time in the Company\u2019s 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.<\/p>\n\n\n
Contact:<\/td>\nMatthew M. Partridge
Senior Vice President, Chief Financial Officer, & Treasurer
(407) 904-3324
mpartridge@alpinereit.com<\/a><\/td>\n<\/tr>\n<\/table>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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WINTER PARK, Fla., Feb. 22, 2023 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the \u201cCompany\u201d) 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 first quarter of 2023 (the \u201cCommon Stock Cash Dividend\u201d).<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8205"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=8205"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8205\/revisions"}],"predecessor-version":[{"id":8225,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8205\/revisions\/8225"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=8205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=8205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=8205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}