Alpine Income Property Trust
WINTER PARK, Fla., Oct. 4, 2024 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) today announced that Mark O. Decker Jr. has notified the Company that he will resign from the Company’s Board of Directors, effective October 4, 2024.
“On behalf of the Board of Directors, I would like to thank Mark for his contributions to PINE over the past five years,” said PINE Board Chairman Andrew Richardson. “Mark’s knowledge and experience have been critical to the company’s growth and success. We will immediately begin the search for a qualified successor to fill the vacancy on our Board of Directors.”
“I would like to thank the PINE team for their dedication and support,” said Decker. “I am proud of what we have accomplished and know that our company is well-positioned for continued success.”
About Alpine Income Property Trust Co., Ltd.
Alpine Income Property Trust, Inc. (NYSE: PINE) invests in, owns and operates a portfolio of single-tenant, net lease commercial income properties that provide attractive risk-adjusted returns and reliable cash dividends. Our goal is to be a listed real estate investment trust. These are primarily leased to high quality listed and credit rated tenants.
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This press release may contain forward-looking statements. Forward-looking statements include words such as “continue”, “may”, “may”, “may”, “will”, “likely”, “anticipate”, ” Includes statements that may be identified by words such as “intend” and “plan.” Including words such as “seeks,” “believes,” “estimates,” “expects,” “continues,” “plans” and similar references to future periods or predictions or projections. Forward-looking statements are based on our current expectations and assumptions regarding capital market conditions, our business, the economy and other future conditions. By their nature, forward-looking statements relate to the future and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those anticipated in the forward-looking statements. Important factors that could cause actual results to differ materially from those in forward-looking statements include general business and economic conditions, the continued volatility and uncertainty in the credit markets and broader financial markets, and the risks inherent in the real estate business, including defaults, and potential liability related to environmental issues, credit risks related to our investments in primary mortgage investments, the illiquidity of real estate investments and potential damages from natural disasters; the effects of epidemics or pandemics (such as the COVID-19 pandemic and its variants); and other factors affecting our business or Tenant’s that are beyond Tennant’s control and as described under “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023. and other risks and uncertainties discussed from time to time in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements made in this press release speak only as of the date on which they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
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contact:
Philip R. Mays
Senior Vice President, Chief Financial Officer;
accounting
(407) 904-3324
pmays@alpinereit.com