Alpine Income Property Trust, Inc. Provides Earnings Guidance for the Full Year 2020
October 22, 2020 at 01:40 am IST
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Alpine Income Property Trust, Inc. provided earnings guidance for the full year 2020. For the year, the company expects net income attributable to PINE per diluted share of $0.12 per share to $0.17 share. The Company's guidance for 2020, which has been increased to reflect the Company’s third quarter performance and adjusted expectations, assumes improvement in economic activity, stable or positive business trends related to each of tenants, and other significant assumptions.
Alpine Income Property Trust, Inc. is a real estate investment trust. The Company seeks to deliver risk-adjusted returns and cash dividends by investing in, owning, and operating a portfolio of single tenant net leased properties that are predominately leased to publicly traded and credit-rated tenants. The Companyâs primary objective is to maximize cash flow and value per share by generating stable and growing cash flows and risk-adjusted returns through the ownership, operation, and growth through acquisition of a diversified portfolio of net leased commercial properties with a long-term real estate fundamental and through the investment of commercial loans secured by commercial real estate. The Company operates through two segments: income properties and commercial loans and investments. The 138 properties in the Companyâs portfolio represents approximately 3.8 million of gross rentable square feet with leases that have a weighted average lease term of seven years.
ALPINE INCOME PROPERTY TRUST, INC. 
