Alpine Income Property Trust Declares Dividend for the Second Quarter 2022
May 24 2022 - 7:30AM
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 $0.27 per share
of common stock for the second quarter of 2022. The dividend is
payable on June 30, 2022 to stockholders of record as of the close
of business on June 9, 2022. The ex-dividend date for the second
quarter 2022 cash dividend is June 8, 2022. The second quarter 2022
cash dividend represents an 8.0% year-over-year increase as
compared to the Company’s second quarter 2021 cash dividend and an
annualized yield of approximately 5.9% based on the closing price
of the common stock on May 23, 2022.
About Alpine Income Property Trust,
Inc.
Alpine Income Property Trust, Inc. (NYSE: PINE)
is a publicly traded real estate investment trust that acquires,
owns and operates a portfolio of high-quality single-tenant net
leased commercial income properties.
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, illiquidity of real estate investments and
potential damages from natural disasters, the impact of the
COVID-19 Pandemic on the Company’s business and the business of its
tenants and the impact 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, 2021 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:
Matthew M. Partridge
Senior Vice President, Chief Financial Officer & Treasurer
(407) 904-3324
mpartridge@alpinereit.com
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