PINE - Alpine Income Property Trust, Inc.
| Previous Close | 12.31 |
| Open | 12.05 |
| Bid | 8.00 x 800 |
| Ask | 11.81 x 800 |
| Day's Range | 11.43 - 12.64 |
| 52 Week Range | 7.74 - 19.83 |
| Volume | 40,102 |
| Avg. Volume | 58,698 |
| Market Cap | 93.109M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | Feb 02, 2020 |
| Forward Dividend & Yield | 0.26 (2.14%) |
| Ex-Dividend Date | Mar 18, 2020 |
| 1y Target Est | 22.00 |
- GlobeNewswire
Consolidated Tomoka Announces Sale of 12 Acres for $4.5 Million by Land JV
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of approximately 12 acres, which consisted of a land sale and conveyance of certain interests (the “Equinox Land Sale”), for $4.5 million, or approximately $375,000 per acre, to Equinox Development (“Equinox”). Equinox a Maitland, Florida based real estate developer has operations and developments in Florida, North Carolina, South Carolina and Tennessee. The Equinox Land Sale was completed by the venture that was formed in October 2019 when the Company sold the controlling interest in the entity that held the remaining land portfolio (the “Land JV”).
- GlobeNewswire
Alpine Income Property Trust, Inc. Announces Acquisition of Four Income Properties for $19.37 Million
Alpine Income Property Trust, Inc. (PINE) (the “Company”) announced the acquisition of 4 net-leased retail income properties for a combined purchase price of approximately $19.37 million. The Company acquired an income property leased to Hobby Lobby (“Hobby Lobby”) located in Tulsa, Oklahoma, with 10.8 years remaining on the lease term. The acquisition also included a Long John Silver’s on a month-to-month lease that is an outparcel to the Hobby Lobby property.
- Simply Wall St.
Should You Be Concerned About Alpine Income Property Trust, Inc.'s (NYSE:PINE) ROE?
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
- GlobeNewswire
Consolidated Tomoka Announces Acquisition of Perimeter Place, a 269,000 Square Foot Retail Center, in Atlanta, Georgia for $75.4 Million
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of Perimeter Place (“Perimeter”), an approximately 269,000 square foot retail center situated on over 24 acres of land in Atlanta, Georgia, for $75.4 million, representing a going-in cap rate within the range of the Company’s previously provided guidance. Perimeter is 80% leased and anchored by SuperTarget (not a part of the Company’s acquisition), Ross Dress for Less and Michaels along with a variety of restaurants such as Fleming’s Prime Steakhouse & Wine Bar, Chipotle, Panera, Outback Steakhouse and Carrabba’s. The three-mile population is approximately 110,000 with an average household income of over $92,000. Perimeter is located approximately 1-mile from the 1.5 million square foot Perimeter Mall owned by Brookfield Properties and approximately 1.5 miles from the new State Farm campus that is projected to employ approximately 8,000 people by the end of 2020.
- GlobeNewswire
Alpine Income Property Trust, Inc. Announces Acquisition of a Single-Tenant Retail Property for $7.06 Million
DAYTONA BEACH, Fla., Feb. 19, 2020 -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced the acquisition of a net-leased retail income property for a.
- GlobeNewswire
Consolidated-Tomoka Announces Quarterly Dividend of $0.25 Per Share and Date of Annual Meeting
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that the Company’s Board of Directors declared a quarterly dividend of $0.25 per share payable on February 28, 2020, to shareholders of record on February 24, 2020. In addition, the Company’s Board of Directors has set Wednesday, April 29, 2020, as the date for the Company’s annual meeting of shareholders. The meeting will be held at the LPGA International Golf Club in Daytona Beach, Florida at 2:00 p.m. local time.
- GlobeNewswire
Consolidated-Tomoka Land Co. Reports Earnings of $23.03 Per Share for 2019 and $20.05 Per Share for the Fourth Quarter of 2019, Book Value Increases to $59.83 Per Share
DAYTONA BEACH, Fla., Feb. 12, 2020 -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced its operating results and earnings for the quarter and.
- GlobeNewswire
Consolidated Tomoka Announces Date of Fourth Quarter 2019 Earnings Release and Earnings Call
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that it plans to release its fourth quarter 2019 operating results after the market closes on Wednesday, February 12, 2020. A conference call to present the operating results is scheduled for Thursday, February 13, 2020 at 9:00 a.m. eastern time (the “Earnings Call”). The Company plans to release its fourth quarter 2019 investor presentation in advance of the Earnings Call.
- GlobeNewswire
Consolidated Tomoka Announces Closing of Transactions Exchanging $57.4 Million of Existing Convertible Senior Notes Due 2020 and Concurrent $17.6 Million Private Placement of Convertible Senior Notes Due 2025
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) announced today that it has closed privately negotiated exchange agreements with certain holders of its outstanding 4.50% Convertible Senior Notes due 2020 (the “2020 Notes”) pursuant to which the Company will issue $57.4 million principal amount of 3.875% Convertible Senior Notes due 2025 (the “New Notes”) in exchange for $57.4 million principal amount of the 2020 Notes (collectively the “Private Exchanges”). In addition, the Company closed a privately negotiated purchase agreement with an investor and issued approximately $17.6 million principal amount of the New Notes (the “Private Placement,” and together with the Private Exchanges, the “Transactions”).
- ACCESSWIRE
Alpine Income Property Trust Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 4, 2020 / Alpine Income Property Trust Inc (NYSE:PINE) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on February 4, 2020 ...
- GlobeNewswire
Consolidated Tomoka Announces Privately Negotiated Exchanges of Existing Convertible Senior Notes Due 2020 and Concurrent Private Placement of Convertible Senior Notes Due 2025
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) announced today that it has entered into privately negotiated exchange agreements with certain holders of its outstanding 4.50% Convertible Senior Notes due 2020 (the “2020 Notes”) pursuant to which the Company will issue $55.2 million principal amount of 3.875% Convertible Senior Notes due 2025 (the “New Notes”) in exchange for $55.2 million principal amount of the 2020 Notes (collectively the “Private Exchanges”). Following the closing of the Private Exchanges, $19.8 million in aggregate principal amount of the 2020 Notes will remain outstanding with terms unchanged from the original issuance.
- GlobeNewswire
Consolidated Tomoka Announces Acquisition of Crossroads Towne Center, a 254,000 Square Foot Retail Center, in Chandler, Arizona for $61.8 Million
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of Crossroads Towne Center (“Crossroads”), an approximately 254,000 square foot retail center in Chandler, Arizona, for $61.8 million, representing a going-in cap rate of approximately 7.85%. Crossroads, located in the Phoenix MSA, is approximately 11 miles from Tempe and is 99% occupied. Crossroads is anchored by Home Depot and Wal-Mart, two properties that were not part of the Company’s acquisition, as well as a 12-screen Harkins Theatre and Bob’s Discount Furniture.
- GlobeNewswire
Consolidated Tomoka Announces Sale of 31 Acres for Approximately $6.4 Million by Land JV
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of approximately 38 acres (the “Land Sale”), for approximately $6.4 million, or approximately $167,000 per acre, to a regional developer of primarily multi-family residential projects. The Land Sale was completed by the venture that was formed in October 2019 when the Company sold the controlling interest in the entity that held the remaining land portfolio (the “Land JV”). Pursuant to the Land JV structure, the proceeds from the Land Sale will be distributed in accordance with the distribution priority in the applicable operating agreement of the Land JV.
- GlobeNewswire
Consolidated Tomoka Announces Acquisition of The Strand, A 212,000 Square Foot Shopping Center, in Jacksonville, Florida for $62.7 Million
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of The Strand, an approximately 212,000 square foot shopping center in Jacksonville, Florida (the “Strand”), for $62.7 million. The Strand is 95% occupied and has four anchor tenants: Hobby Lobby, Best Buy, 2nd & Charles and the PGA Superstore. The weighted average lease term for the leases of all 20 tenants at the Strand is approximately 9.5 years.
- GlobeNewswire
Consolidated Tomoka Announces Completion of Recently Announced $10 Million Share Buyback Program
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that it has completed the $10 million share repurchase program announced in November 2019 (the “Completed Repurchase Program”), as a result of repurchasing approximately $10 million of its common stock in the last 30 days. In total, under the Completed Repurchase Program, the Company repurchased 158,625 shares at an average price of $63.04 per share. As a result of the Completed Repurchase Program, the Company’s shares outstanding currently totals 4,770,454.
- GlobeNewswire
Consolidated Tomoka Announces Sale of 31 Acres for $4.6 Million by Land JV
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of approximately 31 acres (the “Unicorp Sale”), for approximately $4.6 million, or approximately $148,000 per acre, to Unicorp National Development, Inc. of Orlando Florida (“Unicorp”). The Unicorp Sale was completed by the venture that acquired the remaining land portfolio from CTO in October of 2019 (the “Land JV”). Pursuant to the Land JV structure, the proceeds from the Unicorp Sale will go to pay the amount of preferred return accrued to CTO’s partner in the Land JV, with the remaining proceeds distributed in accordance with the distribution priority in the applicable operating agreement of the Land JV.
- GlobeNewswire
Alpine Income Property Trust, Inc. Announces Closing of Initial Public Offering
Alpine Income Property Trust, Inc. (the “Company” or “PINE”) announced today the closing of its initial public offering of 7,500,000 shares of common stock at an initial public offering price of $19.00 per share (the “Offering”). The Company has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. The Company used approximately $125.9 million of the net proceeds of the Offering to acquire, from Consolidated-Tomoka Land Co., 15 of the 20 properties in the Company’s initial portfolio.
- GlobeNewswire
Alpine Income Property Trust, Inc. Prices Initial Public Offering
DAYTONA BEACH, Fla., Nov. 21, 2019 -- Alpine Income Property Trust, Inc. (the “Company” or “PINE”) announced today that it has priced its initial public offering of 7,500,000.
