WINTER PARK, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") today announced that Jeffrey S. Yarckin has notified the Company of his resignation from the Company's Board of Directors, effective November 8, 2024. The Company today also announced the appointment of Brenna A. Wadleigh to the Company's Board of Directors, effective November 8, 2024. "On behalf of the Board, I want to thank Jeff for his service to PINE," said Andrew Richardson, Chairman of the Board of PINE. "Jeff has played an important role in the Company's growth and success." "I'm honored to have served on the Board for these past five years," said Yarckin.

WINTER PARK, Fla., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") today announced that Mark O. Decker, Jr., has notified the Company of his resignation from the Company's Board of Directors, effective October 4, 2024. "On behalf of the Board, I want to thank Mark for his contributions to PINE over the last five years," said Andrew Richardson, Chairman of the Board of PINE. "Mark's knowledge and experience have been important in the Company's growth and success. The Company will commence immediately the search for a qualified replacement to fill the vacancy on the Board." "I want to thank the PINE team for their commitment and su

WINTER PARK, Fla., Jan. 18, 2022 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the appointment of Christopher J. Drew to its Board of Directors (the "Board"), such appointment to be effective January 18, 2022. Mr. Drew is a Senior Managing Director of JLL Capital Markets, Americas and co-head of JLL's Miami office. He joined JLL as part of the HFF acquisition and has more than a decade of commercial real estate experience. His primary responsibilities at JLL include overseeing the day-to-day operations of the Miami office and arranging joint venture equity, preferred equity, mezzanine financing and senior level financing for real estat

DAYTONA BEACH, Fla., Feb. 11, 2021 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced its operating results and earnings for the quarter and year ended December 31, 2020. Select Highlights Reported Net Income per diluted share attributable to the Company of $0.02 and $0.11 for the quarter and year ended December 31, 2020, respectively.Reported FFO per diluted share of $0.36 and $1.23 for the quarter and year ended December 31, 2020, respectively.Reported AFFO per diluted share of $0.36 and $1.04 for the quarter and year ended December 31, 2020, respectively.Collected 100% of the Contractual Base Rent (as defined below) due fo

WINTER PARK, Fla., Nov. 19, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.38 per share of common stock for the fourth quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 7.8% based on the closing price of the Company's common stock on November 18, 2024. The Common Stock Cash Dividend is payable on December 31, 2024, to stockholders of record as of the close of business on December 12, 2024, and the ex-dividend date for the Common Stock Cash Dividend is

WINTER PARK, Fla., Nov. 19, 2024 (GLOBE NEWSWIRE) -- 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 $0.280 per share of common stock for the fourth quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 6.3% based on the closing price of the Company's common stock on November 18, 2024. The Common Stock Cash Dividend is payable on December 31, 2024, to stockholders of record as of the close of business on December 12, 2024, and the ex-dividend date for the Common Stock Cash Dividen

WINTER PARK, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") today announced that Jeffrey S. Yarckin has notified the Company of his resignation from the Company's Board of Directors, effective November 8, 2024. The Company today also announced the appointment of Brenna A. Wadleigh to the Company's Board of Directors, effective November 8, 2024. "On behalf of the Board, I want to thank Jeff for his service to PINE," said Andrew Richardson, Chairman of the Board of PINE. "Jeff has played an important role in the Company's growth and success." "I'm honored to have served on the Board for these past five years," said Yarckin.

WINTER PARK, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE"), an owner and operator of single tenant net leased commercial income properties, today announced updated fourth quarter and year-to-date 2024 investment and disposition activities.  2024 Investment Activity  In November 2024, the Company completed a $28 million purchase of a portfolio of 5 single-tenant properties anchored by BJ's Wholesale Club, all of which are located in the greater Charlotte, North Carolina area. The portfolio is located near the 1.4 million square foot Concord Mills mall. With the addition of this investment, Charlotte, North Carolina now ent

WINTER PARK, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the origination of a $40.2 million first mortgage loan with an initial term of thirty months and an initial fixed interest rate of 12.15%. The loan is for the development of an approximately 80,000 square foot retail center on approximately 26.6 acres located in Forsyth County, Georgia, a growing and affluent suburb of Atlanta. The development is anchored by a 35,500 square foot Whole Foods Market with the remainder of the development consisting of small shop space and pad sites. The Whole Foods Market anchored retail development neighbors the Company's 561,000

WINTER PARK, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced its operating results and earnings for the quarter ended September 30, 2024. Third Quarter Highlights Net Income per diluted share attributable to common stockholders of $0.17.Core Funds from Operations ("FFO") of $0.50 per diluted share attributable to common stockholders, an increase of 6.4% from the comparable prior period.Adjusted Funds from Operations ("AFFO") of $0.51 per diluted share attributable to common stockholders, an increase of 6.3% from the comparable prior period.Raised net proceeds of $125.7 million under the Company's common stock

WINTER PARK, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE"), an owner and operator of single tenant net leased commercial income properties, today announced its operating results and earnings for the quarter ended September 30, 2024. Select Highlights Net Income per diluted share attributable to the Company of $0.21.Funds from Operations ("FFO") of $0.45 per diluted share, an increase of 21.6% from the comparable prior year period.Adjusted Funds from Operations ("AFFO") of $0.44 per diluted share, an increase of 15.8% from the comparable prior year period.Raised net proceeds of $11.1 million under common stock ATM offering

WINTER PARK, Fla., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE:PINE) (the "Company" or "PINE") today announced that Mark O. Decker, Jr., has notified the Company of his resignation from the Company's Board of Directors, effective October 4, 2024. "On behalf of the Board, I want to thank Mark for his contributions to PINE over the last five years," said Andrew Richardson, Chairman of the Board of PINE. "Mark's knowledge and experience have been important in the Company's growth and success. The Company will commence immediately the search for a qualified replacement to fill the vacancy on the Board." "I want to thank the PINE team for their commitment and su

- Closed $274 Million in Investments Year-To-Date - - Raised $126 Million Under ATM Program in Third Quarter - - Closed $100 Million Unsecured Term Loan - WINTER PARK, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) an owner and operator of high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States (the "Company"), today provided a business update for the third quarter and year-to-date ended September 30, 2024. Investment Activity The Company's investment activity, including acquisitions and structured investments, was $191.3 million in the quarter and now totals $273.8 million year-to

WINTER PARK, Fla., Sept. 25, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE:CTO) (the "Company") announced today that it will report its financial and operating results for the third quarter of 2024 after the market closes on Thursday, October 24, 2024. The Company will host a conference call to discuss its financial and operating results for the third quarter of 2024 at 9:00 AM ET on Friday, October 25, 2024. A live webcast of the call will be available on the Investor Relations page of the Company's website at www.ctoreit.com or at the link provided in the event details below. To access the call by phone, please go to the registration link provided in the event details below and you w

4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)

4/A - Alpine Income Property Trust, Inc. (0001786117) (Issuer)

4/A - Alpine Income Property Trust, Inc. (0001786117) (Issuer)

4/A - Alpine Income Property Trust, Inc. (0001786117) (Issuer)

4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)

4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)

4 - Alpine Income Property Trust, Inc. (0001786117) (Issuer)

B. Riley Securities analyst John Massocca reiterates Alpine Income Prop Trust (NYSE:PINE) with a Buy and raises the price target from $19.5 to $20.

Jones Trading analyst Jason Weaver maintains Alpine Income Prop Trust (NYSE:PINE) with a Buy and raises the price target from $18 to $19.

Stifel analyst Nathan Jones maintains Alpine Income Prop Trust (NYSE:PINE) with a Buy and raises the price target from $18 to $19.25.

Alpine Income Prop Trust (NYSE:PINE) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.39 by 10.26 percent. This is a 16.22 percent increase over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $12.49 million which beat the analyst consensus estimate of $11.96 million by 4.43 percent. This is a 9.19 percent increase over sales of $11.44 million the same period last year.

BTIG analyst Michael Gorman maintains Alpine Income Prop Trust (NYSE:PINE) with a Buy and lowers the price target from $23 to $19.

Throughout the last three months, 4 analysts have evaluated Alpine Income Prop Trust (NYSE:PINE), offering a diverse set of opinions from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 2 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $18.69, a high estimate of $19.00, and a low estimate of $18.00. Highlighting a 3.31% decrease,

Stifel analyst Nathan Jones maintains Alpine Income Prop Trust (NYSE:PINE) with a Buy and lowers the price target from $19 to $18.75.

JonesTrading analyst Jason Weaver maintains Alpine Income Prop Trust (NYSE:PINE) with a Buy and lowers the price target from $19 to $18.

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UBS initiated coverage of Alpine Income Property Trust with a rating of Neutral and set a new price target of $19.00

Alliance Global Partners initiated coverage of Alpine Income Property Trust with a rating of Buy and set a new price target of $19.00

JonesTrading initiated coverage of Alpine Income Prop Trust with a rating of Buy and set a new price target of $23.00

Truist initiated coverage of Alpine Income Property Trust with a rating of Hold and set a new price target of $20.00

Stifel initiated coverage of Alpine Income Prop Trust with a rating of Buy and set a new price target of $21.00

Raymond James reiterated coverage of Alpine Income Property Trust with a rating of Outperform and set a new price target of $23.00 from $20.00 previously

Raymond James reiterated coverage of Alpine Income Prop Trust with a rating of Outperform and set a new price target of $23.00 from $20.00 previously

B. Riley resumed coverage of Alpine Income Property Trust with a rating of Buy and set a new price target of $22.00 from $19.00 previously