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An update from Alpine Income Property Trust Inc ( (PINE) ) is now available.
Alpine Income Property Trust reported strong third-quarter 2024 results, showcasing a 21.6% rise in Funds from Operations (FFO) per diluted share and a 15.8% increase in Adjusted Funds from Operations (AFFO) per diluted share compared to the previous year. The company raised $11.1 million through a stock offering and acquired four retail properties for $37.5 million. Additionally, Alpine sold eight properties for $48.6 million, increasing its average lease term to 8.8 years, and hiked its quarterly dividend to $0.28 per share.
For detailed information about PINE stock, go to TipRanks’ Stock Analysis page.
