– Raises Full-Year 2025 Outlook –– Increases 2025 Investment Guidance to $200 - $230 million – WINTER PARK, Fla., Oct. 23, 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 three and nine months ended September 30, 2025. “We produced a strong quarter of operational results, property transactions and loan investments activ ...

Core Viewpoint - Alpine Income Property Trust, Inc. has announced the origination of a first mortgage loan investment secured by a luxury residential development in the Austin, Texas area, with a total commitment of up to $61.3 million across two phases [1][2][3]. Loan Details - The Company funded $14.1 million for phase one of the loan, with a total commitment of up to $29.5 million for this phase, and anticipates funding the remainder before the end of 2025 [1]. - The phase two loan has a total commitment of up to $31.8 million, with funding contingent on the borrower's satisfaction of certain conditions, expected to be met in early 2026 [1][2]. - The interest rate for both phases starts at 17.0%, stepping down to 16.0% during months 7 to 12, and to 14.0% thereafter [2]. Strategic Insights - The loan reflects the Company's proactive approach to capital redeployment in anticipation of proceeds from late 2025 and 2026 investment maturities, aimed at ensuring continuity in earnings [3]. - There is strong interest from potential institutional partners in purchasing a senior tranche of this investment, indicating the appeal of this opportunity [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 through a portfolio of single tenant net leased commercial income properties [4].

Core Insights - Alpine Income Property Trust, Inc. has acquired a three-property portfolio for $2.8 million, with a weighted average going-in cash yield of 8.5% [1][2] Property Details - The acquired portfolio consists of properties located in Illinois, Virginia, and Louisiana, totaling 8,890 square feet [2] - Two properties are net leased to Hardee's, a national quick-service restaurant chain, while the third is net leased to Jiffy Lube, a leading automotive services franchise [2] 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 [3] - The company invests in, owns, and operates a diversified 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, Inc. (NYSE:PINE) is recognized for its significant dividend growth and is listed among the 20 Best Stocks to Buy and Hold for a Lifetime [1] Group 1: Recent Transactions - The company sold its former Century Theater Center in Reno, Nevada, for $5.0 million, with $4.0 million in seller financing at an 8% interest rate over two years, improving portfolio occupancy to 99.4% and lowering carrying costs [2] - A $24 million first mortgage loan was created with an 11% interest rate to finance the conversion of a 127,380-square-foot building in East Bay, San Francisco, into industrial space targeting technology, life sciences, manufacturing, and logistics tenants [3] Group 2: Investment Performance - Alpine Income Property Trust has made $109.9 million in structured investments and acquisitions in the current year, yielding an initial cash yield of 9.5% on average [3] - The company's single-tenant net-leased commercial properties are primarily leased to publicly traded and credit-rated tenants, reinforcing its position as a strong investment option [4]

Core Viewpoint - Alpine Income Property Trust, Inc. reported its investment and disposition activities for Q3 and year-to-date 2025, highlighting significant acquisition and sales transactions that reflect a strong performance in the real estate investment sector [1][2]. Investment and Disposition Activity - In year-to-date 2025, the Company completed $135.6 million in acquisition and structured investment transactions with a weighted average initial cash yield of 8.9% [2]. - The year-to-date disposition activity totaled $29.0 million from income-producing asset sales, achieving a weighted average exit cash cap rate of 8.4% [2]. - Additionally, the Company sold $5.3 million in vacant properties during the same period [2]. Portfolio Metrics - As of September 30, 2025, the Company reported a weighted average remaining lease term of 8.7 years and an occupancy rate of 99.4% [3]. - 48% of the annualized base rent is attributable to investment-grade tenants, indicating a strong tenant quality [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 through a diversified portfolio of single-tenant net leased commercial properties [4]. Recent Transactions - On September 30, 2025, the Company acquired two properties ground leased to Lowe's for $21.1 million, with a weighted average going-in cash cap rate of 6.0% and a remaining lease term of approximately 11.6 years [7]. - Lowe's has become the Company's largest tenant by annualized base rent, surpassing Dick's Sporting Goods [7]. - The Company sold three net lease properties for $6.2 million, including one leased to Advance Auto Parts and a vacant parcel [7]. - Two structured investments were originated for a total of $28.0 million with a weighted average initial cash yield of 10.6% [7]. - The Company increased its commitment to a Wawa Land Development Construction Loan by $0.6 million, totaling $7.4 million [7]. - Principal paydowns of approximately $8.1 million were received on the mortgage note portfolio, reducing the remaining loan balance to $3.9 million with a current yield of 9.0% [7].

Core Points - Alpine Income Property Trust, Inc. will report its financial and operating results for Q3 2025 on October 23, 2025, after market close [1] - A conference call to discuss these results is scheduled for October 24, 2025, at 9:00 AM ET [1] - A live webcast of the call will be available on the Company's Investor Relations page [2] - Participants are encouraged to register and dial in at least fifteen minutes before the call [3] - A replay of the earnings call will be archived and accessible online [3] 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 [4] - 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 [4]

Core Viewpoint - Alpine Income Property Trust, Inc. has successfully sold its former Century Theater Center in Reno, NV for $5.0 million, which is expected to positively impact the company's earnings and portfolio occupancy [1][3]. Group 1: Transaction Details - The sale price of the property was $5.0 million, with the company providing seller financing of $4.0 million at an annual interest rate of 8.00% for a term of two years [1]. - The property spans 52,474 square feet on 1.4 acres and has been almost entirely vacant since the departure of Century Theater in November 2024 [2]. Group 2: Financial Impact - The transaction is expected to be accretive to earnings by eliminating the previous carrying costs associated with the property, with partial benefits anticipated in the current year's results and full impact expected next year [3]. - Following the sale, the company's portfolio occupancy increased to 99.4%, enhancing overall performance [3]. 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 by investing in single tenant net leased commercial properties, primarily leased to high-quality publicly traded and credit-rated tenants [3].

Core Viewpoint - Alpine Income Property Trust, Inc. has announced a $24.0 million first mortgage loan investment to fund the redevelopment of a former retail building into an industrial asset, aligning with its strategic objective to enhance shareholder value and cash flow growth [1][3]. Group 1: Loan Details - The loan has a term of 24 months and an interest rate of 11.0% [1]. - The total amount of the loan is $24.0 million, which was fully funded at closing [1]. Group 2: Property Information - The property spans 127,380 square feet on 8.7 acres and is located in the East Bay submarket of San Francisco, CA [2]. - The redevelopment is expected to attract users from technology, life science, manufacturing, and logistics sectors [2]. Group 3: Strategic Objectives - The transaction is part of the company's ongoing strategy to invest in institutional-quality assets and structured investments to drive value and cash flow growth for shareholders [3]. - Year-to-date in 2025, the company has completed $109.9 million in acquisition and structured investment transactions, achieving a weighted average initial cash yield of 9.5% [3]. Group 4: 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 by investing in single tenant net leased commercial income properties [4].

Core Viewpoint - Alpine Income Property Trust, Inc. has declared a quarterly cash dividend of $0.285 per share for Q3 2025, reflecting an annualized yield of approximately 7.9% based on the stock's closing price on August 18, 2025 [1][2]. 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 properties, primarily leased to high-quality publicly traded and credit-rated tenants [3]. Dividend Details - The cash dividend of $0.285 per share is payable on September 30, 2025, to stockholders of record as of September 11, 2025, with the ex-dividend date also set for September 11, 2025 [2].

Core Insights - Alpine Income Property Trust, Inc. (NYSE: PINE) has experienced a decline of approximately 25% in market value since its listing on the New York Stock Exchange and a 15% decrease in year-to-date value, indicating that investors find the REIT underwhelming [1] Group 1 - The company is primarily focused on Fixed-Income and Preferred Shares, but also extends its analysis to equity REITs, Investment Funds, and Banks [1]