Alpine Income Property Trust Announces Second Quarter and Year-to-Date 2025 Transaction Activity

Core Viewpoint - Alpine Income Property Trust, Inc. reported its second quarter and year-to-date 2025 portfolio and transaction activities, highlighting significant investment and disposition activities along with a balance sheet update [1]. Portfolio and Transaction Activity - The total investment activity year-to-date in 2025 amounts to $85.9 million in acquisition and structured investment transactions, with a weighted average initial investment yield of 9.1% [2]. - Year-to-date total disposition activity includes $28.2 million in asset sales, achieving a weighted average exit cash cap rate of 8.4% [2]. - The weighted average lease term as of June 30, 2025, is 8.9 years [2]. Second Quarter 2025 Details - The company sold five net lease properties, including two leased to Walgreens, for a total disposition volume of $16.5 million at a weighted average exit cap rate of 7.9% [7]. - A seller financing structured investment was originated in conjunction with the disposition of a property leased to Old Time Pottery, along with a new first mortgage loan totaling $6.6 million in principal, fully funded at closing with a weighted average initial yield of 9.8% [7]. - Bass Pro Shops completed its renovation on schedule, with a grand opening on May 21, 2025, for a 66,033-square foot property in Hermantown, MN, re-leased under a 20-year initial lease term [7]. - A $25.5 million construction loan for Publix land development in Charlotte, NC, was fully repaid, with a current yield of 9.5% [7]. - During the quarter ended June 30, 2025, the company repurchased 272,565 shares of common stock at a weighted average gross price of $15.81 per share, totaling $4.3 million [7]. - Year-to-date 2025, the company repurchased 546,390 shares at a weighted average gross price of $16.07, costing $8.8 million [7]. - As of June 30, 2025, approximately $1.2 million remains on the current common stock buyback program [7]. - The company has no debt maturities until May 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 by investing in, owning, and operating a portfolio of single-tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants [4].