WINTER PARK, Fla., May 24, 2022 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (:PINE) (the “Company”) today announced that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.27 per common share for the second quarter of 2022. The dividend is payable on June 30, 2022 to shareholders of record at 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 over the Company’s second quarter 2021 cash dividend and an annualized return 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. (:PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality, single-tenant commercial income properties.
We encourage you to review our most recent Investor Presentation, available on our website at http://www.alpinereit.com.
This press release may contain “forward-looking statements”. Forward-looking statements include statements that can be identified by words such as “could”, “could”, “could”, “will”, “probable”, “anticipate”, “intend”, “expect”. , “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. Accordingly, 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 set forth in the forward-looking statements include general business and economic conditions, continued volatility and uncertainty in the credit and broader financial markets, risks inherent in the real estate business, including tenant defaults, potential liability related to environmental issues, illiquidity of real estate investments and potential damage from natural disasters, impact of the COVID-19 pandemic on business of the Company and the activities of its tenants and the impact on the U.S. economy and general market conditions, other factors affecting the Company’s business or the activities of its tenants that are beyond the Company’s control or its tenants, and the factors set out under “Risk Factors” in the report Annual Report of the Company on Form 10-K for the fiscal year ended December 31, 2021 and other risks and uncertainties discussed from time to time in the Company’s filings with the US Security s 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.
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