Alpine Income Property Trust Acquires Property in Aspen, Colorado for $10.0 Million
Rhea-AI Summary
Alpine Income Property Trust (NYSE: PINE) acquired a 6,529-square-foot retail property in downtown Aspen, Colorado for $10.0 million on Jan 20, 2026. The deal was structured as a 50-year absolute triple net master lease with an established commercial real estate firm at an initial cap rate of 8.5% and 1.25% annual escalators. The property sits in a high-income trade area with an average household income of $187,000 within five miles. The acquisition expands PINE's single-tenant net-leased retail portfolio and is intended to support its dividend-focused REIT strategy.
Positive
- Acquisition price of $10.0 million
- Initial cap rate of 8.5%
- 50-year absolute triple net master lease term
- 1.25% annual rent escalators
Negative
- Lease counterparty is a commercial real estate firm, not an operating retailer
- Long 50-year lease may limit near-term rent reversion flexibility
News Market Reaction – PINE
On the day this news was published, PINE declined 0.11%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
PINE was up 0.98% with mixed peers: SITC +1.44%, WSR +0.71%, BFS +0.13%, CBL -2.09%, GTY flat. Scanner data showed no sector-wide momentum.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 02 | Transaction activity update | Positive | +0.4% | Reported record 2025 investment activity and strong portfolio metrics. |
| Dec 01 | Capital markets & deals | Positive | +0.8% | Outlined 2025 transactions and completed $50M Series A preferred offering. |
| Nov 20 | Retail acquisition | Positive | +1.6% | Acquired Walmart and TJ Maxx-anchored property for $20.7M. |
| Nov 18 | Dividend declaration | Positive | +0.8% | Declared Q4 2025 common and preferred dividends with stated yields. |
| Nov 12 | Grocery club acquisition | Positive | +1.6% | Acquired Sam’s Club property in Houston for $15.4M under long-term lease. |
Recent news, including acquisitions, dividends and transaction updates, has generally coincided with modest positive next-day price reactions.
Over the last few months, Alpine Income Property Trust reported record $277.7M 2025 investment activity, executed a $50.0M Series A preferred equity offering, and maintained portfolio metrics such as 99.4% occupancy and 8.4-year weighted average lease term. Multiple acquisitions, including a Sam’s Club in Houston and a Walmart/TJ Maxx-anchored property, were followed by positive price reactions. The new Aspen retail acquisition extends this pattern of growth via single-tenant and retail-focused net-lease assets.
Market Pulse Summary
This announcement adds a downtown Aspen retail asset purchased for $10.0M at an 8.5% initial cap rate under a 50‑year absolute triple net master lease, with 1.25% annual rent escalators and surrounding household income of $187,000. It follows a series of acquisitions and capital markets actions that expanded PINE’s net-lease portfolio. Investors may monitor how this and similar deals affect occupancy, lease term metrics, and funding needs relative to recent SEC filings.
Key Terms
cap rate financial
triple net financial
master lease financial
forward-looking statements regulatory
AI-generated analysis. Not financial advice.
WINTER PARK, Fla., Jan. 20, 2026 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the acquisition of a 6,529-square foot retail property in downtown Aspen, Colorado for
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
FAQ
What property did Alpine Income Property Trust (PINE) acquire on January 20, 2026?
What lease terms did PINE secure for the Aspen property (NYSE: PINE)?
How does the Aspen property's local demographics support the investment for PINE?
Will the Aspen acquisition affect PINE's dividend strategy?
Who is the tenant under the Aspen master lease for PINE?
