Alpine Income Property Trust Raises Quarterly Dividend 6.67%

Alpine Income Property Trust, Inc. (NYSE: PINE) increased its quarterly common-stock dividend to $0.32 per share from $0.30, a 6.67% rise. The shares traded ex-dividend on Sept. 10, 2026.

The increase extends the real estate investment trust’s record of consecutive annual dividend growth to six years. It also follows a prior quarterly rate of $0.30 per share, making the latest declaration a direct increase in recurring cash income for shareholders who qualified for the distribution.

Alpine announced the higher payout alongside its second-quarter operating results. The company did not provide a separate explanation attributing the increase to a specific financial development, but its recent operating activity offers context for the board’s decision.

Alpine owns and operates commercial net-lease properties and supplements that portfolio with commercial loans and other real estate investments. At June 30, 2026, its portfolio comprised 128 properties spanning 4.5 million square feet in 31 states and was fully occupied, according to its quarterly filing. The company acquired four properties for a combined $46.8 million during the first half of the year. Alpine’s SEC filing

The filing also showed that growth in interest income from an expanded commercial-loan and investment portfolio was the largest contributor to the year-over-year improvement in first-half net income. That business expansion provides an operating backdrop for the dividend action, although it does not establish a direct causal link. The company’s earnings release confirmed that the increase was authorized by its board. Alpine’s second-quarter results

What it means for income investors

At a share price of $17.73, PINE carries a forward annual yield of 6.8%, based on the supplied dividend data, which lists annual dividends of $1.21 per share. The higher quarterly rate increases near-term cash income compared with the previous distribution.

The supplied dividend-safety assessment gives Alpine a score of 68 out of 100 and a grade of B. Investors tracking the payout will still need to watch the underlying drivers identified in company filings, including property occupancy, rental and investment income, acquisition funding and borrowing costs. The dividend remains subject to future board authorization and may change as operating or financing conditions evolve.