Alpine Income Property Trust Acquires Three-Property Portfolio for $2.8 Million
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) ha acquisito un portafoglio di tre proprietà per 2,8 milioni di dollari il 7 ottobre 2025, totalizzando 8.890 piedi quadrati tra Illinois, Virginia e Louisiana.
Il portafoglio presenta una rendimento in contanti iniziale ponderato del 8,5%. Due proprietà sono locate al netto a Hardee’s e una è locate al netto a Jiffy Lube. L'azienda descrive gli acquisti come aggiunte al suo portafoglio di immobili commerciali a noleggio con inquilino singolo.
Alpine Income Property Trust (NYSE: PINE) adquirió una cartera de tres propiedades por 2,8 millones de dólares el 7 de octubre de 2025, con un total de 8.890 pies cuadrados repartidos entre Illinois, Virginia y Louisiana.
La cartera muestra un rendimiento en efectivo inicial ponderado del 8,5%. Dos de las propiedades están alquiladas netas a Hardee’s y una a Jiffy Lube. La compañía describe las compras como adiciones a su cartera de propiedades comerciales de arrendamiento único.
Alpine Income Property Trust (NYSE: PINE)가 2025년 10월 7일 일리노이주, 버지니아주, 루이지애나주에 걸친 3건의 부동산 포트폴리오를 280만 달러에 인수했습니다. 총 면적은 8,890제곱피트입니다.
포트폴리오는 처음 현금 수익률 가중 평균 8.5%를 보유합니다. 두 부동산은 순임대가 Hardee’s에, 한 부동산은 순임대가 Jiffy Lube에 체결되어 있습니다. 이 회사는 이를 단일 임차인 순임대 상업용 부동산 포트폴리오에 대한 추가로 설명합니다.
Alpine Income Property Trust (NYSE: PINE) a acquis un portefeuille de trois propriétés pour 2,8 millions de dollars le 7 octobre 2025, totalisant 8 890 pieds carrés répartis entre l’Illinois, la Virginie et la Louisiane.
Le portefeuille affiche un rendement en espèces initial moyen pondéré de 8,5%. Deux propriétés sont louées net à Hardee’s et une est louée net à Jiffy Lube. La société décrit ces acquisitions comme des ajouts à son portefeuille immobilier commercial en location simple.
Alpine Income Property Trust (NYSE: PINE) erwarb am 7. Oktober 2025 ein Portfolio von drei Immobilien für 2,8 Millionen US-Dollar, insgesamt 8.890 Quadratfuß in Illinois, Virginia und Louisiana.
Das Portfolio weist eine gewichtete anfängliche Barrendite von 8,5% auf. Zwei Immobilien sind netto an Hardee's vermietet, eine an Jiffy Lube. Das Unternehmen beschreibt die Käufe als Ergänzungen zu seinem Portfolio von Einzelmieter-Nettomietobjekten im gewerblichen Immobilienbereich.
Alpine Income Property Trust (NYSE: PINE) استحوذت على محفظة مكونة من ثلاث ممتلكات مقابل 2.8 مليون دولار في 7 أكتوبر 2025، بمساحة إجمالية قدرها 8,890 قدم مربع موزعة بين إلينوي وفيرجينيا ولويزيانا.
تتمتع المحفظة بعائد نقدي ابتدائي موزون قدره 8.5%. تقُوَّم ملكيةان العقاريتان بموجب عقد إيجار صافي إلى Hardee’s وواحدة إلى Jiffy Lube. تصف الشركة عمليات الشراء هذه بأنها إضافات إلى محفظتها من العقارات التجارية المؤجرة لمستأجر واحد.
Alpine Income Property Trust (NYSE: PINE) 于 2025 年 10 月 7 日以 280 万美元收购了一个三处物业组合，总面积为 8,890 平方英尺，分布在伊利诺伊州、弗吉尼亚州和路易斯安那州。
该组合的初始现金收益率加权平均为 8.5%。其中两处物业净租给 Hardee’s，一处净租给 Jiffy Lube。公司将此次收购描述为对其单一租户净租商业物业组合的补充。
- $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
- Two of three assets are leased to Hardee’s, creating tenant concentration
- Total footprint is 8,890 sq ft, a relatively small asset base
Insights
Acquisition of three net-leased properties for
The deal adds a small, geographically diversified portfolio totaling 8,890 square feet across Illinois, Virginia and Louisiana, purchased for
Key dependencies and risks include tenant credit and lease terms, asset concentration given the small portfolio size, and regional market variations across the three states. The favorable yield can reflect either attractive pricing or shorter lease durations that raise rollover risk; lease length and escalation clauses will determine income durability. Watch for disclosed lease maturities, any tenant credit enhancements, and capital deployment cadence in the next
Near-term items to monitor are integration costs, any immediate capital expenditures, and whether this purchase signals a sustained acquisition pace. If the company repeats similar transactions, expect incremental impact on portfolio cash flow and dividend coverage within
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
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
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