Alpine Income's Q3 Investments Total $55M, Dispositions Reach $44M

Zacks09-25

In the latest update, Alpine Income Property Trust, Inc. PINE disclosed that its third-quarter total investment activity, including acquisitions and structured investments, reached $55.3 million at a ...

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PINE disclosed that its third-quarter total investment activity, including acquisitions and structured investments, reached $55.3 million at a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/alpine-incomes-q3-investments-total-151800600.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alpine Income's Q3 Investments Total $55M, Dispositions Reach $44M</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlpine Income's Q3 Investments Total $55M, Dispositions Reach $44M\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-25 23:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/alpine-incomes-q3-investments-total-151800600.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the latest update, Alpine Income Property Trust, Inc. PINE disclosed that its third-quarter total investment activity, including acquisitions and structured investments, reached $55.3 million at a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/alpine-incomes-q3-investments-total-151800600.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CUZ","symbol_name":"卡津斯不动产信托基金","start_time":0,"source_url":"https://finance.yahoo.com/news/alpine-incomes-q3-investments-total-151800600.html","article_id":"2470293862","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/CR2yFbYpuqpt3oeRxVj68g--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/58c71031fa5f8be56beb2ad29b36efdc"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470293862","pubTimestamp":1727277480,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Some other top-ranked stocks from the REIT sector are Cousins Properties CUZ and Lamar Advertising LAMR, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank  stocks here.The Zacks Consensus Estimate for Cousins Properties’ 2024 FFO per share has been raised marginally over the past month to $2.67.The Zacks Consensus Estimate for Lamar Advertising’s current-year FFO per share has moved marginally north in the past two months to $8.09.Note: Anything related to earnings presented in this write-up represents funds from operations  — a widely used metric to gauge the performance of REITs.Want the latest recommendations from Zacks Investment Research?Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report. Lamar Advertising Company  : Free Stock Analysis Report. Cousins Properties Incorporated  : Free Stock Analysis Report","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CUZ":"卡津斯不动产信托基金","TSS":"Total System Services","BK4223":"办公室房地产信托","BK4084":"特种房地产投资信托","BK4234":"特殊用途房地产信托","BK4160":"多样化房地产投资信托v","PINE":"Alpine Income Property Trust, Inc.","BK4194":"办公房地产投资信托","LAMR":"拉马尔户外广告"},"translate_title":"Alpine Income第三季度投资总额为5500万美元，处置额达到4400万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CUZ":1,"LAMR":1,"TSS":1,"PINE":0.9},"content_text":"In the latest update, Alpine Income Property Trust, Inc. PINE disclosed that its third-quarter total investment activity, including acquisitions and structured investments, reached $55.3 million at a weighted average initial investment yield of 9.2%. With this, PINE’s total investment activity since the beginning of the year through Sept. 24 aggregates 84.2 million at a weighted average initial investment yield of 9.4%.Its investment activity also incorporates the September purchase and amendment of a first mortgage construction loan secured by a Publix-anchored shopping center and three outparcels in Charlotte, NC. While the current loan commitment is for $17.8 million, of this, $10 million was funded at closing at an initial interest rate of 10.25%.Alpine is focused on recycling efforts and continues to invest proceeds from lower-yielding dispositions into better-positioned, higher-yielding and higher-quality properties. This relieves pressure off its balance sheet even during growth endeavors and is expected to boost both earnings and portfolio diversification.So far, its third-quarter total disposition volume, inclusive of property and structured investment sales, aggregates $44.1 million at a weighted average exit cash cap rate of 6.7%. Also, its year-to-date disposition volume reached $64.3 million at a weighted average exit cash cap rate of 7%.Going forward, PINE’s focus on investing in, owning and operating a portfolio of single-tenant net leased properties, predominately leased to high-quality publicly traded and credit-rated tenants, is likely to help it enjoy steady rental revenues.Analysts also seem bullish on this stock as the Zacks Consensus Estimate for 2024 funds from operations (FFO) per share has been revised 2.5% north over the past two months to $1.64.Though shares of this Zacks Rank #2 (Buy) company have risen 19.1% in the past three months, underperforming the industry’s growth of 20.8%, it marks a good entry point for investors.\nImage Source: Zacks Investment Research\nOther Stocks to Consider\nSome other top-ranked stocks from the REIT sector are Cousins Properties CUZ and Lamar Advertising LAMR, each carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Cousins Properties’ 2024 FFO per share has been raised marginally over the past month to $2.67.The Zacks Consensus Estimate for Lamar Advertising’s current-year FFO per share has moved marginally north in the past two months to $8.09.Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nLamar Advertising Company (LAMR) : Free Stock Analysis Report\nCousins Properties Incorporated (CUZ) : Free Stock Analysis Report\nAlpine Income Property Trust, Inc. (PINE) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2470293862"}