Alpine Income Property Trust, Inc. Stock Price, News & Analysis

Alpine Income Property Trust (NYSE: PINE) announced a public offering of its Series A Cumulative Redeemable Preferred Stock with a $25.00 per share liquidation preference on November 5, 2025. The company expects to use net proceeds for general corporate and working capital purposes, which may include property acquisitions, commercial loans and repayment of debt.

PINE intends to apply to list the Series A Preferred on the New York Stock Exchange under the ticker PINE-PA. Raymond James, Stifel and Baird are joint book-running managers, and the offering will be made under the company’s existing Form S-3 shelf registration via a prospectus supplement.

Alpine Income Property Trust (NYSE: PINE) reported third-quarter 2025 results and raised its full-year investment guidance to $200–$230 million. Year-to-date investments through Sept. 30, 2025 totaled $135.6 million at a weighted-average initial cash yield of 8.9%. Q3 total revenue was $14.6 million; Q3 net loss attributable to PINE was $(1.31) million while nine-month net income was $3.08 million. Q3 FFO was $7.135 million ($0.46 per diluted share) and nine-month FFO was $20.832 million ($1.34 per diluted share).

Portfolio: 128 properties, $46.3M ABR, 99.4% occupancy, 48% of ABR from investment-grade tenants. Leverage: Net debt/TEV 62.1%; total liquidity $61.4M. Quarterly dividend $0.285 (FFO payout 62%).

Alpine Income Property Trust (NYSE: PINE) funded a $14.1 million first mortgage loan at closing for a luxury residential development near Austin, Texas, with a phase one commitment of up to $29.5 million and a phase two commitment of up to $31.8 million.

The 36-month loan carries an initial interest rate of 17.0% (including 4.0% paid-in-kind), steps to 16.0% in months 7–12 and 14.0% thereafter, and is repayable as collateralized home lots are sold, with sales anticipated to begin in late 2025.

Alpine Income Property Trust (NYSE: PINE) acquired a three-property portfolio for $2.8 million on Oct. 7, 2025, totaling 8,890 square feet across Illinois, Virginia and Louisiana.

The portfolio carries a weighted average going-in cash yield of 8.5%. Two properties are net leased to Hardee’s and one is net leased to Jiffy Lube. The company describes the purchases as additions to its single-tenant net-leased commercial property portfolio.

Alpine Income Property Trust (NYSE:PINE) has reported significant transaction activity for Q3 and YTD 2025. The company acquired two Lowe's ground-leased properties for $21.1 million at a 6.0% cash cap rate, making Lowe's their largest tenant by annualized base rent. Additionally, PINE completed $28.0 million in structured investments with a 10.6% weighted average initial cash yield.

The company's YTD 2025 performance includes $135.6 million in acquisitions and structured investments at an 8.9% weighted average initial cash yield, along with $29.0 million in income-producing asset sales at an 8.4% exit cap rate. As of September 30, 2025, PINE maintains a 99.4% occupancy rate with 48% of annualized base rent from investment-grade tenants and an 8.7-year weighted average remaining lease term.

Alpine Income Property Trust (NYSE:PINE) has scheduled its third quarter 2025 financial results announcement and conference call. The company will release its Q3 2025 results after market close on Thursday, October 23, 2025, followed by a conference call on Friday, October 24, 2025, at 9:00 AM ET.

The conference call will be accessible via webcast on the company's Investor Relations website and through a dial-in option. Participants are encouraged to register and join the call at least fifteen minutes before the scheduled start time. A replay will be available through the company's website.

Alpine Income Property Trust (NYSE: PINE) has announced the sale of its former Century Theater Center in Reno, NV for $5.0 million. The transaction includes seller financing of $4.0 million at an 8.00% annual interest rate for a two-year term.

The 52,474-square-foot property, situated on 1.4 acres, became largely vacant after Century Theater's departure in November 2024. The sale is expected to be accretive to earnings by eliminating property carrying costs and has increased the company's portfolio occupancy to 99.4%.

Alpine Income Property Trust (NYSE: PINE) has announced a $24.0 million first mortgage loan investment with an 11.0% interest rate and 24-month term. The loan will fund the redevelopment of a former retail building into an industrial asset located in San Francisco's East Bay submarket.

The property spans 127,380 square feet on 8.7 acres and is expected to attract technology, life science, manufacturing, and logistics users. The borrower is a well-capitalized real estate opportunity fund that plans to acquire and rezone the property.

Year-to-date in 2025, PINE has completed $109.9 million in acquisition and structured investment transactions, achieving a weighted average initial cash yield of 9.5%.

Alpine Income Property Trust (NYSE:PINE) has declared a quarterly cash dividend of $0.285 per share for the third quarter of 2025. The dividend represents an annualized yield of approximately 7.9% based on the company's closing stock price on August 18, 2025.

The dividend will be payable on September 30, 2025, to stockholders of record as of September 11, 2025. The ex-dividend date is also set for September 11, 2025. Alpine Income Property Trust is a REIT focused on single tenant net leased commercial income properties primarily leased to high-quality publicly traded and credit-rated tenants.