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Alpine Income Property Trust Announces Launch of Public Offering of Series A Cumulative Redeemable Preferred Stock
Globenewswireยท 2025-11-05 13:35
Core Viewpoint - Alpine Income Property Trust, Inc. has announced a public offering of its Series A Cumulative Redeemable Preferred Stock, with a liquidation preference of $25.00 per share, aiming to utilize the net proceeds for general corporate purposes, including property acquisitions and debt repayment [1][5]. Group 1: Offering Details - The Series A Preferred Stock will be listed on the New York Stock Exchange under the ticker symbol "PINE-PA" [2]. - The offering will be conducted under the existing shelf registration statement on Form S-3 filed with the SEC, and will be made via a prospectus supplement [3]. Group 2: Use of Proceeds - The net proceeds from the offering are expected to be used for general corporate and working capital purposes, which may include property acquisitions, commercial loan opportunities, and repayment of debt [1]. 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 [5].