Alpine Income Property Trust Acquires Sam’s Club for $15.4 Million
Rhea-AI Summary
Alpine Income Property Trust (NYSE: PINE) acquired a 131,039-square-foot Sam’s Club property on approximately 12 acres in Houston, Texas for $15.4 million on Nov. 12, 2025. The property is net leased to Sam’s Club, a Walmart subsidiary with an AA credit rating, and has operated at this location for nearly 25 years.
The asset sits in a dense infill Houston market with an average household income of $111,000 and a population of over 300,000 within five miles; Walmart becomes Alpine’s fifth-largest tenant, joining investment-grade tenants such as Lowe’s and Dick’s Sporting Goods.
Positive
- Acquired 131,039 sqft Sam’s Club for $15.4 million (Nov 12, 2025)
- Property sits on approximately 12 acres in Houston, Texas
- Tenant Walmart subsidiary holds an AA credit rating
- Sam’s Club operated at location for nearly 25 years
- 5-mile demographics: average household income $111,000; population >300,000
Negative
- None.
News Market Reaction
On the day this news was published, PINE gained 1.60%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Increases Presence in High Growth State of Texas
WINTER PARK, Fla., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the acquisition of a 131,039-square-foot property net leased to Sam’s Club, located on approximately 12 acres in Houston, Texas. Sam’s Club is a subsidiary of Walmart, which holds an AA credit rating. With this acquisition, Walmart becomes the Company’s fifth largest tenant as of today, joining a portfolio led by investment grade-rated tenants Lowe’s and Dick’s Sporting Goods.
Sam’s Club has operated at this location for nearly 25 years, within a dense infill market in Houston, Texas. The surrounding area features strong demographics, including 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 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 did Alpine Income Property Trust (PINE) buy on Nov. 12, 2025?
How does the Sam’s Club acquisition affect PINE’s tenant mix?
What credit quality does the Sam’s Club tenant have in PINE’s Nov. 12, 2025 announcement?
Where is the acquired Sam’s Club property located and what are local demographics?
Will the Sam’s Club acquisition likely change PINE’s dividend strategy?
