Alpine Income Property Trust, Inc. Stock Price, News & Analysis

Alpine Income Property Trust (NYSE: PINE) acquired three parcels in Richmond, Virginia for $20.7 million on Nov. 20, 2025. The properties total 177,441 sq ft across 14 acres, are fully leased and include a Walmart Supercenter on an 8-acre ground lease and a four-tenant triple-net building anchored by TJ Maxx.

Post-closing, Walmart is PINE’s fourth-largest tenant and approximately 50% of annualized base rent is attributable to investment-grade tenants; the trade area shows $146,000 average household income and >200,000 population within five miles.

Alpine Income Property Trust (NYSE: PINE) declared a quarterly cash dividend of $0.285 per share of common stock for Q4 2025, payable on December 31, 2025 to holders of record as of the close of business on December 11, 2025 (ex-dividend date December 11, 2025).

The common dividend represents an annualized yield of approximately 6.9% based on the November 17, 2025 closing price. The Board also declared a pro‑rated quarterly cash dividend of $0.2722 per share on the company’s 8.000% Series A cumulative redeemable preferred stock, payable on the same dates.

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.

Alpine Income Property Trust (NYSE: PINE) priced a public offering of 2,000,000 shares of 8.00% Series A cumulative redeemable preferred stock at $25.00 per share, implying gross proceeds of $50,000,000 before underwriting fees. The underwriters have a 30‑day option to purchase up to 300,000 additional shares to cover over‑allotments.

The offering is expected to close on November 12, 2025. Net proceeds are expected to be used for general corporate purposes, including property acquisitions, commercial loan and investment opportunities, and repayment of debt. The company intends to apply to list the shares on the NYSE under PINE-PA.

Alpine Income Property Trust (NYSE: PINE) announced a public offering of its Series A Cumulative Redeemable Preferred Stock with a $25.00 per share liquidation preference on November 5, 2025. The company expects to use net proceeds for general corporate and working capital purposes, which may include property acquisitions, commercial loans and repayment of debt.

PINE intends to apply to list the Series A Preferred on the New York Stock Exchange under the ticker PINE-PA. Raymond James, Stifel and Baird are joint book-running managers, and the offering will be made under the company’s existing Form S-3 shelf registration via a prospectus supplement.

Alpine Income Property Trust (NYSE: PINE) reported third-quarter 2025 results and raised its full-year investment guidance to $200–$230 million. Year-to-date investments through Sept. 30, 2025 totaled $135.6 million at a weighted-average initial cash yield of 8.9%. Q3 total revenue was $14.6 million; Q3 net loss attributable to PINE was $(1.31) million while nine-month net income was $3.08 million. Q3 FFO was $7.135 million ($0.46 per diluted share) and nine-month FFO was $20.832 million ($1.34 per diluted share).

Portfolio: 128 properties, $46.3M ABR, 99.4% occupancy, 48% of ABR from investment-grade tenants. Leverage: Net debt/TEV 62.1%; total liquidity $61.4M. Quarterly dividend $0.285 (FFO payout 62%).

Alpine Income Property Trust (NYSE: PINE) funded a $14.1 million first mortgage loan at closing for a luxury residential development near Austin, Texas, with a phase one commitment of up to $29.5 million and a phase two commitment of up to $31.8 million.

The 36-month loan carries an initial interest rate of 17.0% (including 4.0% paid-in-kind), steps to 16.0% in months 7–12 and 14.0% thereafter, and is repayable as collateralized home lots are sold, with sales anticipated to begin in late 2025.

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) 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.