Alpine Income Property Trust Announces Pricing of Public Offering of 8.00% Series A Cumulative Redeemable Preferred Stock

Core Viewpoint - Alpine Income Property Trust, Inc. has announced a public offering of 2,000,000 shares of its 8.00% Series A Cumulative Redeemable Preferred Stock at a price of $25.00 per share, expecting to raise gross proceeds of $50 million before expenses [1][2]. Group 1: Offering Details - The Series A Preferred Stock will have a liquidation preference of $25.00 per share [1]. - The offering is expected to close on November 12, 2025, subject to customary closing conditions [1]. - Underwriters have an option to purchase an additional 300,000 shares to cover over-allotments [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate and working capital purposes, which may include property acquisitions, commercial loan and investment opportunities, and repayment of debt [2]. Group 3: Listing and Management - The Company intends to file an application to list the Series A Preferred Stock on the New York Stock Exchange under the ticker symbol "PINE-PA" [2]. - Raymond James, Stifel, and Baird are acting as joint book-running managers for the offering, with several other firms as co-managers [2]. 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 properties [5].