Alpine Income's Cheap Long-Term Debt Will Blunt Pending Fed Rate Hikes

Pacifica Yield 14.08K Followers Follow Summary Alpine Income Property is rated Buy on the back of a recent 12.3% year-over-year dividend hike and ongoing portfolio expansion. PINE offers a 7.1% forward dividend yield, 190 basis points above the US 10-year Treasury, with a low cost of debt and no debt maturing until 2029. Rising long-term Treasury yields and potential Fed rate hikes pose risks to PINE’s valuation and dividend coverage. M. Suhail/iStock Editorial via Getty Images While Alpine Income Property ( PINE ) has reacted to the surge in long-term U.S. Treasury yields by shedding 19% from its 52-week high, the retail-focused REIT recently hiked its dividend, has extended coverage, and is expanding its property portfolio. PINE This article was written by Pacifica Yield 14.08K Followers Follow The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms. Analyst’s Disclosure: I/we have a beneficial long position in the shares of VICI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.