Alpine Income Property Trust Announces Third Quarter and Year-to-Date 2025 Transaction Activity
Alpine Income Property Trust (NYSE:PINE) has reported significant transaction activity for Q3 and YTD 2025. The company acquired two Lowe's ground-leased properties for $21.1 million at a 6.0% cash cap rate, making Lowe's their largest tenant by annualized base rent. Additionally, PINE completed $28.0 million in structured investments with a 10.6% weighted average initial cash yield.
The company's YTD 2025 performance includes $135.6 million in acquisitions and structured investments at an 8.9% weighted average initial cash yield, along with $29.0 million in income-producing asset sales at an 8.4% exit cap rate. As of September 30, 2025, PINE maintains a 99.4% occupancy rate with 48% of annualized base rent from investment-grade tenants and an 8.7-year weighted average remaining lease term.
Alpine Income Property Trust (NYSE:PINE) ha riportato una significativa attività di transazioni per il Q3 e i primi nove mesi del 2025. L'azienda ha acquisito due proprietà in affitto a terra di Lowe's per 21,1 milioni di dollari a una cap rate in contanti del 6,0%, rendendo Lowe's il loro più grande inquilino in termini di affitto base annualizzato. Inoltre, PINE ha completato investimenti strutturati per 28,0 milioni di dollari con un rendimento iniziale in contanti ponderato medio del 10,6%.
La performance YTD 2025 dell'azienda include acquisizioni e investimenti strutturati per 135,6 milioni di dollari con un rendimento iniziale in contanti ponderato medio dell'8,9%, insieme a vendite di asset che generano reddito per 29,0 milioni di dollari a una exit cap rate dell'8,4%. A partire dal 30 settembre 2025, PINE mantiene un tasso di occupazione del 99,4% con il 48% del reddito base annualizzato proveniente da inquilini di livello investment-grade e una durata media ponderata rimanente dei contratti di locazione di 8,7 anni.
Alpine Income Property Trust (NYSE:PINE) ha reportado una actividad significativa de transacciones para el Q3 y el YTD 2025. La empresa adquirió dos propiedades arrendadas a Lowe's por 21,1 millones de dólares a una tasa de capitalización en efectivo del 6,0%, haciendo de Lowe's su inquilino más grande por alquiler base anualizado. Además, PINE completó inversiones estructuradas por 28,0 millones de dólares con un rendimiento inicial en efectivo ponderado promedio del 10,6%.
El rendimiento YTD 2025 de la empresa incluye adquisiciones e inversiones estructuradas por 135,6 millones de dólares con un rendimiento inicial en efectivo ponderado promedio del 8,9%, junto con ventas de activos generadores de ingresos por 29,0 millones de dólares a una tasa de salida (exit cap) del 8,4%. A 30 de septiembre de 2025, PINE mantiene una tasa de ocupación del 99,4% con el 48% del ingreso base anualizado proveniente de inquilinos de grado de inversión y una duración media ponderada restante de los contratos de arrendamiento de 8,7 años.
Alpine Income Property Trust (NYSE:PINE)는 2025년 3분기 및 연간 누계 YTD에 대한 중요한 거래 활동을 보고했습니다. 회사는 Lowe's의 그라운드 리스 지분 두 개를 2100만 달러에 인수했으며 현금 자본화율 6.0%로, Lowe's를 연간 기본 임대료 기준으로 최대 임차인으로 만들었습니다. 또한 PINE은 구조화된 투자에 2800만 달러를 완료했고 초기 현금 수익률 가중평균은 10.6%였습니다.
회사의 YTD 2025 실적에는 1억 3560만 달러 규모의 인수 및 구조화 투자와 8.9%의 가중평균 초기 현금 수익률을 포함하고, 수익 창출 자산 매각 2900만 달러를 8.4%의 종료 자본화율로 달성했습니다. 2025년 9월 30일 기준으로 PINE의 점유율 99.4%를 유지하고 있으며, 연간 기대 임대료의 48%는 투자 등급 임차인으로부터 나오고, 임대차 잔여 기간의 가중 평균 8.7년입니다.
Alpine Income Property Trust (NYSE:PINE) a enregistré une activité transactionnelle significative pour le T3 et le YTD 2025. L'entreprise a acquis deux propriétés Lowe's en bail emphytéotique pour 21,1 millions de dollars à un taux de capitalisation en espèces de 6,0 %, faisant de Lowe's son plus grand locataire par le loyer de base annualisé. De plus, PINE a réalisé des investissements structurés pour 28,0 millions de dollars avec un rendement initial en espèces pondéré moyen de 10,6 %.
La performance YTD 2025 de l'entreprise comprend des acquisitions et investissements structurés pour 135,6 millions de dollars avec un rendement initial en espèces pondéré moyen de 8,9 %, ainsi que des ventes d'actifs générant des revenus pour 29,0 millions de dollars à un taux de capitalisation de sortie (exit cap) de 8,4 %. Au 30 septembre 2025, PINE maintient un taux d'occupation de 99,4 % avec 48 % du loyer de base annuel provenant de locataires de grade d'investissement et une durée moyenne pondérée restante des baux de 8,7 ans.
Alpine Income Property Trust (NYSE:PINE) hat bedeutende Transaktionsaktivitäten für das dritte Quartal und das YTD 2025 gemeldet. Das Unternehmen erwarb zwei Lowe's-Ground-Leasing-Eigentumswohnungen für 21,1 Millionen US-Dollar zu einer baren Kapitalisierung von 6,0%, wodurch Lowe's zu ihrem größten Mieter nach dem annualisierten Basismietwert wurde. Zusätzlich hat PINE strukturierte Investitionen in Höhe von 28,0 Millionen US-Dollar mit einer gewichteten durchschnittlichen anfänglichen Barkapitalrendite von 10,6% abgeschlossen.
Die YTD-Performance des Unternehmens 2025 umfasst Akquisitionen und strukturierte Investitionen in Höhe von 135,6 Millionen US-Dollar mit einer gewichteten durchschnittlichen anfänglichen Barkapitalrendite von 8,9%, zusammen mit Umsätzen von einkommensgenerierenden Vermögenswerten in Höhe von 29,0 Millionen US-Dollar zu einer Exit-Kapitalisierungsrate von 8,4%. Stand 30. September 2025 hält PINE eine Belegungsrate von 99,4% mit 48% des jährlichen Nettomieters aus Investitionsklasse-Mietern und einer mit 8,7 Jahren gewichteten verbleibenden Laufzeit der Mietverträge.
Alpine Income Property Trust (NYSE:PINE) أبلغت عن نشاط معاملات كبير للربع الثالث وYTD 2025. قامت الشركة بشراء اثنتين من ممتلكات Lowe's المؤجرة للأرض بنظام الإيجار مقابل 21.1 مليون دولار عند معدل رسملة نقدي قدره 6.0%، مما يجعل Lowe's أكبر مستأجر لها وفق الإيجار الأساسي السنوي. بالإضافة إلى ذلك، أكملت PINE استثمارات هيكلية بقيمة 28.0 مليون دولار بعائد نقدي ابتدائي مُوزّع بوزن 10.6%.
يتضمن أداء الشركة حتى تاريخه لعام 2025 استحواذات واستثمارات هيكلية بقيمة 135.6 مليون دولار بعائد نقدي ابتدائي مُوزّن بمتوسط 8.9%، جنباً إلى جنب مع بيع أصول تولّد دخل بقيمة 29.0 مليون دولار عند معدل رأس مالي للخروج 8.4%. اعتباراً من 30 سبتمبر 2025، تحافظ PINE على معدل إشغال يبلغ 99.4% مع 48% من الإيجار الأساسي السنوي من مستأجرين من فئة الاستثمار، ومدة الإيجار المعادلة الموزونة المتبقية هي 8.7 سنوات.
Alpine Income Property Trust (NYSE:PINE) 已披露2025年第三季度及至今的显著交易活动。公司以 2100万美元购买了两处 Lowe's 以地面租约为基础的物业，现金资本化率为6.0%，使 Lowe's 成为其按年化基本租金计算的最大租户。此外，PINE 完成了 价值 2800 万美元的结构化投资，初始现金收益率加权平均为 10.6%。
公司到 2025 年至今的表现包括 1.356 亿美元的收购与结构化投资，加权平均初始现金收益率为8.9%，以及 产生收入资产出售 2900 万美元，退出资本化率为 8.4%。截至 2025 年 9 月 30 日，PINE 的入住率为 99.4%，其中投资级租户贡献的年化基本租金占比为 48%，剩余租约的加权平均期限为 8.7 年。
- Acquisition of two Lowe's properties strengthens investment-grade tenant portfolio to 48% of annualized base rent
- Strong 10.6% weighted average initial cash yield on $28.0M structured investments
- High portfolio occupancy rate of 99.4%
- Successful disposition of $29.0M in income-producing assets at 8.4% exit cap rate
- Reduction in mortgage note portfolio from $12.0M to $3.9M due to principal paydowns
- Sale of vacant properties indicating some portfolio challenges
Insights
Alpine boosted high-quality tenant exposure through strategic $21.1M Lowe's acquisition while pivoting toward higher-yielding structured investments yielding 10.6%.
Alpine Income Property Trust has executed a tactical portfolio restructuring that strengthens its tenant quality profile while enhancing yield. The acquisition of two Lowe's properties for
Simultaneously, Alpine has pivoted toward higher-yielding structured investments, deploying
The REIT's disposal strategy appears focused on pruning underperforming or non-core assets, having sold three properties for
With a weighted average lease term of 8.7 years and
WINTER PARK, Fla., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced its investment and disposition activities for the third quarter and year-to-date 2025.
Investment and Disposition Activity
During the third quarter 2025, the Company completed the following transaction activity:
- Acquired two properties on September 30, 2025 each ground leased to Lowe’s, an investment grade tenant (rated BBB+ by S&P), for
$21.1 million representing a weighted average going-in cash cap rate of6.0% and a weighted average remaining lease term of approximately 11.6 years.- Lowe’s has now increased to the Company’s largest tenant by annualized base rent, surpassing Dick’s Sporting Goods (rated BBB by S&P), which now ranks as the second largest tenant.
- Sold three net lease properties for
$6.2 million including one property leased to Advance Auto Parts, a vacant parcel formerly leased to a convenience store, and the former Century Theater Center in Reno, NV which was previously announced on September 4, 2025. - As previously announced, originated two separate structured investments for a combined total of
$28.0 million with a weighted average initial cash yield of10.6% . The structured investments include a seller financing in conjunction with the disposition of the former Century Theater Center and a new first mortgage loan for an industrial redevelopment. - Upsized its commitment to the existing Wawa Land Development Construction Loan in Antioch, TN by
$0.6 million , bringing the total commitment to$7.4 million . - Received approximately
$8.1 million in principal paydowns on its mortgage note portfolio, which had a balance of$12.0 million as of June 30, 2025. As of September 30, 2025, the participation obligation held by a third-party was fully repaid and the remaining loan balance held by the Company was reduced to$3.9 million , with a current yield of9.0% .
Year-to-date 2025, the Company’s total investment activity includes
As of September 30, 2025, the Company’s weighted average remaining lease term is 8.7 years, occupancy is
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. Annualized base rent represents annualized in-place straight-line base rent pursuant to GAAP as of September 30, 2025.
Contact: Investor Relations ir@alpinereit.com
FAQ
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