Alpine Income's Q1 Investments Total $79.2M, Dispositions Reach $11.7M

In the recent update, Alpine Income Property Trust, Inc. PINE disclosed that its first-quarter total investment activity, including acquisitions and structured investments, reached $79.2 million at a weighted average initial investment yield of 9.0%. Its investment activity incorporated the acquisition of three net lease properties for $39.7 million. This marked a weighted average going-in cash cap rate of 8.6% and a weighted average remaining lease term of 14.3 years. This underscores management’s ability to identify and secure high-quality assets at attractive valuations, driving long-term shareholder value. Located in three states, the properties are net leased to three tenants, Academy Sports, GermFree, and Alamo Drafthouse. Apart from these acquisitions, Alpine Income originated one seller financing structured investment together with the disposition of a property in Canton, OH, leased to At Home, and originated a new construction loan, aggregating $21.7 million of principal, with a current balance of $12.6 million and a weighted average initial yield of 9.6%. The REIT also amended four existing structured investments.Its first-quarter total disposition volume aggregates $11.7 million at a weighted average exit cash cap rate of 9.1%. In particular, the company sold three net lease properties, which included properties leased to O’Reilly and At Home as tenants and a vacant parcel previously leased to a convenience store. Going forward, PINE’s focus on investing in, owning and operating a portfolio of single-tenant net leased properties, predominantly leased to high-quality publicly traded and credit-rated tenants, is likely to help it enjoy steady rental revenues. With no debt maturities until 2026, the company enjoys flexibility to support its growth endeavors. However, macroeconomic uncertainty remains a concern.Shares of this Zacks Rank #3 (Hold) company have rallied 9.0% in the past year, outperforming the real estate market’s upside of 4%.Image Source: Zacks Investment ResearchStocks to ConsiderSome better-ranked stocks from the broader REIT sector are Welltower Inc. WELL and Cousins Properties Incorporated CUZ. Welltower and Cousins Properties carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for Welltower’s 2025 FFO per share is pegged at $4.93, which indicates year-over-year growth of 14.1%.The Zacks Consensus Estimate for Cousins’ 2025 FFO per share is pegged at $2.79, which implies a year-over-year increase of 3.7%.Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>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 Cousins Properties Incorporated (CUZ): Free Stock Analysis Report Welltower Inc. (WELL): Free Stock Analysis Report Alpine Income Property Trust, Inc. (PINE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks