How does the $0.285 per share dividend compare to Alpine's prior payouts and to those of peer REITs?

Alpine’s $0.285 per‑share quarterly payout is essentially a hold‑steady move. The Trust announced the same $0.285 amount for Q2 2025 and paid $0.27 in Q1 2025, so the board has kept the dividend at the level it set earlier this year after a modest step‑up from the $0.26‑$0.265 range that characterized the 2023–2024 quarters. The flat‑to‑slightly‑higher distribution signals that Alpine’s cash‑flow generation remains solid, but the company is not yet in a phase of aggressive payout growth.

When benchmarked against peers, Alpine’s dividend sits in the middle of the spectrum for specialty “net‑lease” REITs. At a current price near $20, the $0.285 dividend translates to a forward yield of roughly 1.4 %. That is below the higher‑yielding peers such as STAG Industrial (≈1.8 % on a $0.33 payout) and Realty Income (≈2.0 % on a $0.235 payout at a lower share price), but a touch above lower‑yielding landlords like Prologis (≈1.0 % on a $0.44 payout). The modest yield, coupled with Alpine’s stable occupancy and low‑leverage profile, makes the stock more of a “steady‑income” play than a high‑yield capture opportunity.

Trading implication: For dividend‑focused investors, Alpine can serve as a “buy‑the‑dip” candidate if the share price breaks below its 50‑day moving average (≈$19.5) while staying above the $0.285 payout level, offering an incremental yield boost relative to cash‑flow fundamentals. Conversely, momentum traders may prefer peers with higher yields and stronger price appreciation trends. Keep an eye on upcoming earnings guidance and occupancy trends; a surprise uptick could justify a short‑term bullish position, whereas any sign of deteriorating cash flow would warrant a defensive stance or profit‑taking.