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PINE - CTO Realty Growth: Sun Is Still Shining We're Still Buying
May, 10 2024 04:40 AM
Alpine Income Property Trust Inc
2024-05-10 04:40:10 ET
Summary CTO's Q1 2024 results show promising developments in backfilling vacancies, strong rent growth, and a return to growth trajectory. New leases, including backfills of key vacancies from bankrupt tenants, will begin to flow through later this year and into 2025. We maintain our Buy rating and target price of ~$23/share (n.b., 32% upside, plus ~9% yield).
Summary For further details see:
CTO Realty Growth: Sun Is Still Shining, We're Still Buying
Stock Information
Company Name:
Alpine Income Property Trust Inc
Stock Symbol:
PINE
Market:
NYSE
Website:
alpinereit.com
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