Alpine Income Property Trust (PINE) adds agents, $27.4M remaining on $35M shelf

Rhea-AI Filing Summary

Alpine Income Property Trust, Inc. updates its prospectus supplement to reflect additional sales agents and the remaining capacity under its planned offering of up to $35,000,000 aggregate offering price of 8.00% Series A Cumulative Redeemable Preferred Stock. The supplement adds Cantor Fitzgerald & Co. and Huntington Securities, Inc. as sales agents under separate equity distribution agreements and amends agreements with existing agents. Through the date of the supplement, $7,573,655.05 aggregate offering price has been sold, leaving up to $27,426,344.95 available for future offer and sale pursuant to the equity distribution agreements.

Insights

Capital Markets Attorney

Supplement adds two sales agents and confirms remaining shelf capacity.

The update documents that Cantor Fitzgerald & Co. and Huntington Securities, Inc. have been engaged as additional sales agents via separate equity distribution agreements, expanding the dealer group authorized to sell the Series A Preferred Stock.

This filing also reports that $7,573,655.05 has been sold under the agreements and that $27,426,344.95 in aggregate offering price remains available. The equity distribution agreements and supplemental amendments govern distribution mechanics; cash-flow treatment follows the stated offering structure.

REIT Capital Markets Analyst

Disclosure confirms modest issuance to date and remaining capacity for preferred-stock sales.

The supplement quantifies past issuance activity and remaining capacity under the prospectus supplement for the 8.00% Series A Preferred Stock with a $25.00 liquidation preference per share. This clarifies current potential dilution from future sales under the plan.

Timing and extent of future sales depend on agent activity and market conditions; subsequent prospectus supplements or Form 10-Q/10-K filings may report further issuance updates.

Key Figures

Offering size: $35,000,000 Sold to date: $7,573,655.05 Remaining capacity: $27,426,344.95 +1 more

4 metrics

Offering size $35,000,000 aggregate offering price for Series A Preferred Stock

Sold to date $7,573,655.05 aggregate offering price sold under the equity distribution agreements

Remaining capacity $27,426,344.95 aggregate offering price available for future offer and sale

Liquidation preference $25.00 per share liquidation preference for each Series A Preferred share

Key Terms

equity distribution agreements, sales agent, prospectus supplement, liquidation preference

4 terms

equity distribution agreements financial

"entered into separate equity distribution agreements with each of Cantor and Huntington"

sales agent financial

"Cantor and Huntington shall each become a sales agent"

A sales agent is an individual or firm authorized to sell a company’s products or services on its behalf, typically paid by commission or fees rather than a fixed salary. For investors, who a company uses to reach customers and how well those agents perform affects revenue growth and profit margins — like hiring local independent sellers to expand into new neighborhoods without building stores — so agent quality and cost matter to future cash flow and valuation.

prospectus supplement regulatory

"This prospectus supplement is being filed to update, amend and supplement certain information"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

liquidation preference financial

"liquidation preference of $25.00 per share"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

Offering Details

primary

Offering

Offering Type primary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/24/2026 - 04:15 PM Learn about SEC filing dates

FAQ

What does Alpine Income Property Trust (PINE) register in this prospectus supplement?

The company registers up to $35,000,000 aggregate offering price of Series A Preferred Stock. The supplement updates agent appointments and quantifies prior sales and remaining offering capacity under the prospectus.

How much Series A Preferred Stock has Alpine sold so far under the agreements?

Alpine has sold $7,573,655.05 aggregate offering price to date. The supplement states this figure as the cumulative amount offered and sold through the date of the prospectus supplement.

How much capacity remains available for the Series A preferred offering?

Following prior sales, up to $27,426,344.95 aggregate offering price remains available. That remaining capacity is available for offer and sale pursuant to the equity distribution agreements.

Which firms were added or amended as sales agents in the supplement?

Cantor Fitzgerald & Co. and Huntington Securities, Inc. were added as sales agents; existing agreements with Raymond James, AGP, Baird, B. Riley, Colliers, Jefferies, Jones, Lucid, Stifel and Truist were amended.

What are the key terms of the Series A Preferred Stock being offered?

The security is 8.00% Series A Cumulative Redeemable Preferred Stock with a $25.00 per-share liquidation preference. Par value is $0.01 per share as stated in the supplement.

PROSPECTUS SUPPLEMENT	Filed Pursuant to Rule 424(b)(5)
(To Prospectus dated September 29, 2023)	Registration Statement No. 333-274724

Up to $35,000,000

 

Alpine Income Property Trust, Inc.

8.00% Series A Cumulative Redeemable Preferred Stock

(Liquidation Preference $25.00 per share)

This prospectus supplement is being filed to update, amend and supplement certain information in the prospectus supplement dated and filed with the Securities and Exchange Commission (the “SEC”) on December 5, 2025 (the “Original Prospectus Supplement”) and the base prospectus dated September 29, 2023 (the “Prospectus”) relating to the offer and sale of shares of our 8.00% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share (the “Series A Preferred Stock”), having an aggregate offering price of up to $35,000,000 from time to time, pursuant to separate equity distribution agreements, each dated December 5, 2025, we, Alpine Income Property OP, LP, or our Operating Partnership, and Alpine Income Property Manager, LLC, or our Manager, entered into with each of Raymond James & Associates, Inc. (“Raymond James”), A.G.P./Alliance Global Partners (“AGP”), Robert W. Baird & Co. Incorporated (“Baird”), B. Riley Securities, Inc. (“B. Riley”), Colliers Securities LLC (“Colliers”), Jefferies LLC (“Jefferies”), JonesTrading Institutional Services LLC (“Jones”), Lucid Capital Markets, LLC (“Lucid”), Stifel, Nicolaus & Company, Incorporated (“Stifel”) and Truist Securities, Inc. (“Truist”). This prospectus supplement is only intended to update, amend and supplement certain information in the Original Prospectus Supplement to the extent set forth in the following paragraph. You should read this prospectus supplement together with the Original Prospectus Supplement and Prospectus.

On April 24, 2026, we, our Operating Partnership and our Manager, entered into (i) separate equity distribution agreements with each of Cantor Fitzgerald & Co. (“Cantor”) and Huntington Securities, Inc. (“Huntington”) and (ii) separate amendments to each existing equity distribution agreement with each of Raymond James, AGP, Baird, B. Riley, Colliers, Jefferies, Jones, Lucid, Stifel and Truist. Pursuant to the equity distribution agreements, Cantor and Huntington shall each become a sales agent. Accordingly, any reference to “sales agent” or “sales agents” in the Original Prospectus Supplement shall hereafter be deemed to include Cantor and Huntington. Through the date of this prospectus supplement, Series A Preferred Stock with an aggregate offering price of $7,573,655.05 has been offered and sold under the equity distribution agreements. Due to these prior sales, as of the date of this prospectus supplement, shares of Series A Preferred Stock with an aggregate offering price of up to $27,426,344.95 remain available for offer and sale pursuant to the equity distribution agreements.

Investing in shares of our Series A Preferred Stock involves risks. See “Risk Factors” beginning on page S-9 of the Original Prospectus Supplement and the risks set forth under the caption “Item 1A. Risk Factors” in our most recent Annual Report on Form 10-K and in our subsequent Quarterly Reports on Form 10-Q, as well as additional risks that may be described in future reports or information that we file with the SEC which are incorporated by reference in this prospectus supplement, the Original Prospectus Supplement and the accompanying Prospectus.

Neither the SEC nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement, the Original Prospectus Supplement or the accompanying Prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Raymond James	A.G.P.	Baird	B. Riley Securities
Cantor	Colliers Securities LLC	Huntington Capital Markets	Jefferies
Jones	Lucid Capital Markets	Stifel	Truist Securities

The date of this prospectus supplement is April 24, 2026.