Exhibit 99.1 Press Release FOR IMMEDIATE RELEASE ALPINE INCOME PROPERTY TRUST REPORTS FIRST QUARTER 2025 OPERATING AND FINANCIAL RESULTS - Closed Investments of $79.2 million at a weighted average initial cash yield of 9.0% - - Increased Dividend Q1 2025 - - First Quarter Net Loss of $(0.08) per diluted share and FFO and AFFO of $0.44 per diluted share - WINTER PARK, FL – April 24, 2025 – Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company" or "PINE"), an owner and operator of single tenant net le ...

- Closed Investments of $79.2 million at a weighted average initial cash yield of 9.0% -- Increased Dividend Q1 2025 -- First Quarter Net Loss of $(0.08) per diluted share and FFO and AFFO of $0.44 per diluted share - WINTER PARK, Fla., April 24, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”), an owner and operator of single tenant net leased commercial income properties, today announced its operating results and earnings for the quarter ended March 31, 20 ...

Core Viewpoint - Alpine Income Property Trust, Inc. (PINE) reported strong investment activity in the first quarter, with total investments reaching $79.2 million at a weighted average initial investment yield of 9.0% [1] Investment Activity - The company acquired three net lease properties for $39.7 million, achieving a weighted average going-in cash cap rate of 8.6% and a remaining lease term of 14.3 years, indicating effective asset selection [2] - In addition to acquisitions, Alpine Income originated one seller financing structured investment and disposed of a property in Canton, OH, totaling $21.7 million in principal with a current balance of $12.6 million and a weighted average initial yield of 9.6% [3] Disposition Volume - The total disposition volume for the first quarter was $11.7 million, with a weighted average exit cash cap rate of 9.1%, including sales of properties leased to O'Reilly and At Home [4] Future Outlook - The company's strategy focuses on investing in single-tenant net leased properties leased to high-quality tenants, which is expected to provide steady rental revenues, with no debt maturities until 2026 [5] - Despite the positive outlook, macroeconomic uncertainty remains a concern for the company [5] Stock Performance - PINE's shares have increased by 9.0% over the past year, outperforming the broader real estate market, which saw a 4% increase [6]

Investment and Disposition Activity - The total investment activity for the first quarter of 2025 amounted to $79.2 million, with a weighted average initial investment yield of 9.0% [2] - Disposition activity included asset sales totaling $11.7 million, with a weighted average exit cash cap rate of 9.1% [2] - The weighted average lease term increased to 9.0 years as of March 31, 2025 [2] Detailed Investment Transactions - Three net lease properties were acquired for $39.7 million, with a weighted average going-in cash cap rate of 8.6% and a remaining lease term of 14.3 years [7] - A seller financing structured investment was originated in conjunction with a property disposition in Canton, Ohio, totaling $21.7 million in principal [7] - Three net lease properties were sold for $11.7 million, including properties leased to O'Reilly and At Home [7] Share Repurchase and Balance Sheet - The company repurchased 273,825 shares of common stock at a weighted average gross price of $16.33 per share, totaling $4.5 million [7] - As of March 31, 2025, approximately $5.5 million remained on the current common stock buyback program [7] - There were 15,642,527 shares of common stock and operating partnership units outstanding as of March 31, 2025 [7] - The company has no debt maturities until 2026 [7] Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust focused on delivering attractive risk-adjusted returns and dependable cash dividends [4]

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Core Viewpoint - Alpine Income Property Trust, Inc. will report its financial and operating results for Q1 2025 on April 24, 2025, with a conference call scheduled for April 25, 2025 [1]. Group 1: Financial Reporting - The company will announce its financial results after market close on April 24, 2025 [1]. - A conference call to discuss these results is set for April 25, 2025, at 9:00 AM ET [1]. Group 2: Accessing Information - A live webcast of the conference call will be available on the company's Investor Relations page [2]. - Participants are encouraged to register and join the call at least fifteen minutes prior to the start time [2]. - A replay of the earnings call will be archived and accessible online through the Investor Relations section of the company's website [2]. Group 3: Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust focused on delivering attractive risk-adjusted returns and dependable cash dividends [3]. - The company invests in, owns, and operates a portfolio of single-tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants [3].

Core Insights - Alpine Income Property Trust (NYSE: PINE) has shown a strong portfolio of investment-grade tenants and an attractive valuation, with the stock price increasing from $15.92 to $19.42 before settling at $16.21 [2] Company Overview - The company focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The stock's performance indicates a positive trend, reflecting investor confidence in the company's fundamentals [2] Investment Strategy - The investment approach emphasizes defensive stocks with a medium- to long-term horizon, appealing to investors seeking stability [2]

Group 1 - The net lease REIT sector has become increasingly popular among retail investors within the broader real estate investment trust industry [1] - This article focuses on the performance and characteristics of net lease REITs, which are a significant area of interest for investors [1]

Core Viewpoint - Alpine Income Property Trust, Inc. has announced a new common stock repurchase program with a total purchase price of up to $10,000,000, allowing the company flexibility in acquiring its shares in the open market [1] Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust (REIT) focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in single tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants [2]

Financial Data and Key Metrics Changes - The company achieved AFFO of $0.74 per diluted share for the year, representing growth of 17% [6] - Total revenue for Q4 was $13.8 million, with FFO and AFFO both at $0.44 per diluted share, reflecting growth of 19% and 16% respectively over the prior year [16] - For the full year, total revenue was $52.2 million, with FFO at $1.73 per diluted share, representing 18% growth over the prior year [17] Business Line Data and Key Metrics Changes - The company acquired six properties for $50.5 million in Q4, bringing total acquisitions for the year to twelve at a weighted average cash cap rate of 8.2% [8] - The company originated three commercial loans during the year for $31.1 million at a weighted average yield of 10.7% [9] - The company sold $62 million of property at an average cap rate of 6.9%, reflecting a strategic effort to reduce risk [10] Market Data and Key Metrics Changes - 51% of the company's ABR is attributable to investment-grade rated tenants [9] - The company ended the year with a net debt to EBITDA ratio of 7.4 times, down from 7.7 times at the beginning of the year [19] Company Strategy and Development Direction - The company plans to continue its investment strategy with a barbell approach, focusing on both investment-grade rated tenants and higher-yielding opportunities [11] - The company anticipates an active pipeline of opportunities across the tenant landscape [15] Management's Comments on Operating Environment and Future Outlook - Management noted that the Party City bankruptcy and the vacant theater in Reno will impact 2025 FFO and AFFO per share by approximately $0.08 [23] - The company remains optimistic about the investment landscape, with a strong pipeline of potential acquisitions and loan originations [81] Other Important Information - The company has no debt maturing until 2026, and its weighted average interest rate on debt is 4.1% [20] - The annual run rate for the external management fee is now $4.5 million [24] Q&A Session Summary Question: Should we expect a further paring down of Walgreens exposure? - Management indicated that they are negotiating to reduce Walgreens exposure and are timing it with acquisitions [26][27] Question: Can you provide any color on your appetite for acquisitions versus construction loans? - Management expressed a balanced interest in both acquisitions and loans, seeing robust opportunities on both sides [28][31] Question: What do you expect for the commercial loan maturing in 2025? - Management expects one loan to pay off and three to extend, with confidence in replacing the maturing loan [35][36] Question: What is the expected timing for property sales and acquisitions? - Management anticipates more activity towards the end of the first quarter [38] Question: Are the beachside group assets back to full capacity after storm damage? - Management confirmed that the assets are performing well, with some exceeding pre-hurricane performance [44][45] Question: Are there any other locations expected to be vacant in 2025 or early 2026? - Management stated that there are no other anticipated vacancies beyond the previously mentioned properties [50] Question: Is there a market for at-home assets? - Management acknowledged that there is a market for at-home assets due to their unique configurations and low basis [55] Question: Any unusual line items expected in 2025? - Management indicated that most expenses will have a consistent run rate, with no unusual one-time fees anticipated [58] Question: Will the company consider swaps for the revolver balance? - Management mentioned that they might consider swaps depending on the timing of acquisitions and dispositions [92] Question: Will the company achieve a positive cap rate spread on acquisitions and dispositions? - Management indicated that while some assets may not yield a positive spread, they expect accretive recycling once capital is redeployed [95]