Alpine Income Property Trust Acquires Three-Property Portfolio for $2.8 Million

Rhea-AI Summary

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.

Positive

• $2.8M acquisition adds three net-leased assets
• 8.5% going-in cash yield across the portfolio
• Properties span 3 states improving geographic mix
• Leases to national tenants: Hardee’s and Jiffy Lube

Negative

• Two of three assets are leased to Hardee’s, creating tenant concentration
• Total footprint is 8,890 sq ft, a relatively small asset base

WINTER PARK, Fla., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) is pleased to announce the acquisition of a three-property portfolio for $2.8 million, reflecting a weighted average going-in cash yield of 8.5%.

The portfolio spans three states – Illinois, Virginia and Louisiana – and totals 8,890 square feet. Two of the properties are net leased to Hardee’s, a national quick-service restaurant chain, while the third is net leased to Jiffy Lube, a leading automotive services franchise.

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) acquire on October 7, 2025?

Alpine acquired a three-property portfolio for $2.8 million totaling 8,890 sq ft across Illinois, Virginia and Louisiana.

What is the going-in cash yield for the PINE acquisition announced Oct. 7, 2025?

The acquisition reflects a weighted average going-in cash yield of 8.5%.

Which tenants lease the properties Alpine (PINE) bought on Oct. 7, 2025?

Two properties are net leased to Hardee’s and one is net leased to Jiffy Lube.

How might the Oct. 7, 2025 acquisition affect PINE shareholders in the near term?

The company added income-producing, triple-net leased assets at an 8.5% cash yield, which the company presents as income-generating additions to the portfolio.

Where can investors find more information about Alpine Income Property Trust (PINE)?

Investors can review the company's investor presentation available on its website and filings with the SEC.