Alpine Income Property Trust Acquires Property Anchored by Walmart and TJ Maxx for $20.7 Million
Alpine Income Property Trust (NYSE: PINE) acquired three parcels in Richmond, Virginia for $20.7 million on Nov. 20, 2025.
Sentiment and the balance of points
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Rhea-AI Summary
Alpine Income Property Trust (NYSE: PINE) acquired three parcels in Richmond, Virginia for $20.7 million on Nov. 20, 2025. The properties total 177,441 sq ft across 14 acres, are fully leased and include a Walmart Supercenter on an 8-acre ground lease and a four-tenant triple-net building anchored by TJ Maxx.
Post-closing, Walmart is PINE’s fourth-largest tenant and approximately 50% of annualized base rent is attributable to investment-grade tenants; the trade area shows $146,000 average household income and >200,000 population within five miles.
Positive
- $20.7M acquisition of three Richmond, VA parcels
- Properties total 177,441 sq ft fully leased
- Includes Walmart Supercenter on an 8-acre ground lease
- Adds first TJ Maxx branded store to portfolio
- ~50% of annualized base rent from investment-grade tenants
- Trade area: $146,000 average household income, >200,000 population
Negative
- None.
Details
News Market Reaction – PINE
On Nov 20, the day this news came out, PINE closed 1.55% above the previous close.
Data tracked by StockTitan Argus for the Nov 20 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WINTER PARK, Fla., Nov. 20, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the
With this acquisition, Walmart becomes the Company’s fourth largest tenant, joining a portfolio led by investment grade-rated tenants Lowe’s (BBB+ credit rating) and Dick’s Sporting Goods (BBB credit rating). The acquisition also introduces the Company’s first TJ Maxx-branded store within its portfolio. Following this transaction, approximately
The property is located in a robust market trade area demonstrated by an average household income of
About Alpine Income Property Trust, Inc.
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a diversified portfolio of single tenant net leased commercial income properties that are predominantly leased to high-quality publicly traded and credit-rated tenants.
We encourage you to review our most recent investor presentation which is available on our website at http://www.alpinereit.com.
Safe Harbor
This press release may contain “forward-looking statements.” Forward-looking statements include statements that may be identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include general business and economic conditions, continued volatility and uncertainty in the credit markets and broader financial markets, risks inherent in the real estate business, including tenant defaults, potential liability relating to environmental matters, credit risk associated with the Company investing in first mortgage investments, illiquidity of real estate investments and potential damages from natural disasters, the impact of epidemics or pandemics on the Company’s business and the business of its tenants and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally, other factors affecting the Company’s business or the business of its tenants that are beyond the control of the Company or its tenants, and the factors set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Contact:
Investor Relations
ir@alpinereit.com
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