PINE

Exchange Agreements Announced: CTO Realty Growth, Inc. has entered into exchange agreements to convert $35.2 million of its 3.875% Convertible Senior Notes into approximately 1.09 million shares of common stock and $29 million in cash, leaving $15.8 million of the notes outstanding.

Forward-Looking Statements and Risks: The company cautions that forward-looking statements regarding future cash settlements and other estimates may differ due to various economic and operational risks, including changes in tax laws, market conditions, and tenant solvency.

Company Presentation Announcement: Pinewood Technologies Group PLC will present live at the AI & Technology Virtual Investor Conference on April 3, 2025, with opportunities for real-time investor interaction and archived webcasts available post-event.

Recent Company Developments: The company reported strong FY24 results with an underlying profit before tax of £8.5 million, completed the acquisition of Seez App Holding Ltd., and secured contracts with Global Auto Holdings PLC and Marshall Motor Group to implement its Automotive Intelligence platform.

Event Announcement: The AI & Technology Virtual Investor Conference is scheduled for April 3, 2025, inviting individual and institutional investors to attend presentations from various companies without any cost.

Purpose of the Conference: The conference aims to connect innovative companies with potential investors, facilitating direct communication about their strategic plans and innovations.

Market Overview: April has seen a 9% decline in the S&P 500 index due to uncertainties surrounding the Trump administration's trade policies, prompting investors to consider safer, recession-resistant stocks like Philip Morris International and Alpine Income Property Trust.

Investment Opportunities: Both companies offer strong dividends and resilient business models; Philip Morris is diversifying into reduced-risk tobacco products while Alpine Income focuses on reliable real estate investments with a high occupancy rate and significant dividend yield.

Financial Reporting Announcement: CTO Realty Growth will report its Q1 2025 financial results on May 1, 2025, with a conference call scheduled for May 2, 2025, at 9:00 AM ET.

Company Overview: CTO Realty Growth operates high-quality shopping centers in the Southeast and Southwest U.S. and manages Alpine Income Property Trust, Inc.

Acquisition Announcement: CTO Realty Growth, Inc. has acquired Ashley Park, a 559,000-square-foot lifestyle center in Atlanta, Georgia, for $79.8 million, increasing its portfolio by 12% to 5.2 million square feet.

Strategic Benefits: The acquisition enhances the company's presence in its largest market, with 82% of annual base rent coming from properties in Georgia, Florida, Texas, or North Carolina, and includes major tenants like Dick's Sporting Goods.

Analyst Rating and Performance: Truist Financial analyst Anthony Hau has maintained a Hold rating on Alpine Income Property Trust Inc with a price target of $17.00, while the stock currently trades at $16.50. The overall analyst consensus suggests a Strong Buy rating with an average price target of $19.67.

Financial Performance and Insider Activity: Alpine Income Property reported a quarterly revenue of $13.79 million but incurred a net loss of $958 thousand, contrasting with last year's profit. Additionally, insider sentiment is negative, with increased selling activity among insiders in recent months.

Stock Repurchase Announcement: Alpine Income Property Trust, Inc. (PINE) has initiated a $10 million stock repurchase program for open-market or block trade buybacks at its discretion.

Current Trading Status: PINE's stock is currently trading at $16.60, reflecting a 3.17% increase on the New York Stock Exchange.

Stock Repurchase Program Announcement: Alpine Income Property Trust, Inc. has approved a new stock repurchase program allowing the company to buy back up to $10 million of its common stock in the open market at its discretion.

Company Overview: Alpine Income Property Trust is a publicly traded real estate investment trust focused on generating returns and cash dividends through investments in single tenant net leased commercial properties primarily leased to high-quality tenants.

Stock Repurchase Program: Alpine Income Property Trust (PINE) has initiated a new common stock repurchase program with a total budget of up to $10 million.

Earnings Projections: The company anticipates an Adjusted Funds From Operations (AFFO) per share of $1.70-$1.73 for 2025, alongside an 11% increase in investment activity for 2024.

Earnings Report Announcement: CTO Realty Growth will release its financial results for Q4 and full year 2024 on February 20, 2025, with a conference call scheduled for February 21, 2025, at 9:00 AM ET.

Accessing the Conference Call: Participants can join the call via a live webcast or by phone, with registration encouraged at least fifteen minutes prior to the start time.

Earnings Performance: Alpine Income Property Trust reported a strong Q4 2024 with an AFFO of $1.74 per diluted share, reflecting a 17% growth year-over-year, and raised its quarterly dividend to $0.285 per share. The company completed acquisitions of 12 properties valued at $103.6 million for the year while also selling $62 million in properties to reduce tenant exposure.

Outlook and Risks: For 2025, the company provided guidance of $1.70 to $1.73 AFFO per diluted share, facing potential headwinds from tenant bankruptcies and lease non-renewals. Management remains confident in their acquisition strategy and proactive risk management to mitigate these challenges.

Price Target Adjustment: Alliance Global Partners has reduced the price target for Alpine Income Property (PINE) from $21 to $20 while maintaining a Buy rating, citing a decline in occupancy due to vacancies reported in Q4.

Positive Outlook Despite Challenges: The firm notes an improved portfolio and potential for value creation through acquisitions, alongside a strong balance sheet with no debt maturing until May 2026.

Alpine Income Property Trust Inc (PINE): Analyst Jason Weaver from JonesTrading maintains a Buy rating with a price target of $22.00, while the analyst consensus suggests a Strong Buy with a target of $20.25, indicating a potential upside from its current price of $16.20.

Swiss Prime Site AG (SWPRF): UBS analyst Tommaso Operto holds a Hold rating with a price target of CHF103.00, reflecting a cautious outlook as the stock is currently at its 52-week high of $99.50, with an overall consensus also leaning towards Hold.

Modiv Industrial's Net Asset Value: Modiv Industrial, Inc. announced an updated Net Asset Value (NAV) of $24.11 per share as of December 31, 2024, following a third-party appraisal of its properties, highlighting a significant opportunity for investors given the current stock price.

M&A Speculation and Strategy: CEO Aaron Halfacre addressed marketplace speculation regarding potential sales or mergers, emphasizing that while Modiv is always technically 'for sale', there are no current takeover discussions; he remains optimistic about closing the value gap through strategic growth and potential M&A opportunities.

Comparison of REIT Stocks: Investors are evaluating Alpine Income (PINE) and SL Green (SLG) as potential value opportunities, with both stocks currently holding a Zacks Rank of #2 (Buy) due to positive earnings outlooks.

Valuation Metrics: PINE is considered the superior value option based on key metrics such as a lower forward P/E ratio (9.57 vs. 11.95 for SLG) and a better Value grade (B for PINE vs. D for SLG), indicating it may be undervalued compared to SLG.

Wall Street's Focus: The article critiques Wall Street's obsession with trending sectors like AI, crypto, and tech, while neglecting undervalued assets such as small banks, real estate investment trusts (REITs), and traditional companies that generate consistent cash flow.

Investment Opportunities: It highlights specific REITs like Broadstone Net Lease and Alpine Income Property Trust, which focus on high-quality properties leased to reliable tenants, offering attractive yields and potential for stable returns amidst economic uncertainty.

Acquisition and Investment Activity: Alpine Income Property Trust, Inc. announced the acquisition of a $22.5 million property leased to Lowe's Home Improvement, making it their second largest tenant, while total investments for 2024 reached $134.7 million with a yield of 8.7%.

Disposition and Portfolio Management: The company sold properties including a former Mountain Express convenience store for $5.4 million, reducing exposure to Walgreens as a tenant, and increased the average remaining lease term from 7.0 to 8.8 years during 2024.

Acquisition Announcement: CTO Realty Growth, Inc. has acquired Granada Plaza, a 74,000 square-foot grocery-anchored shopping center in Dunedin, Florida, for $16.8 million, expanding its presence in the Tampa market.

Investment Performance: The company has completed $330.7 million in investments this year, with approximately 22% of its annual base rent now coming from grocery-anchored centers, and Publix becoming its sixth largest tenant.

Top Stocks for Investors: Three stocks with strong income characteristics and buy rankings are highlighted: Alpine Income Property Trust (PINE) with a 6.4% dividend yield, ZIM Integrated Shipping Services (ZIM) with a 5.7% yield, and Princeton Bancorp (BPRN) with a 3.2% yield.

Future Stock Recommendations: Zacks Investment Research is preparing to release its top 10 stock picks for 2025 on January 2, following a history of significant gains in their recommended stocks.