Alpine Income's Q1 Investments Total $79.2M, Dispositions Reach $11.7M

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$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]