Alpine Income (NYSE: PINE) adds agents to $150M ATM program

Rhea-AI Filing Summary

Alpine Income Property Trust, Inc. updated its prospectus supplement to the up to $150,000,000 equity offering of Common Stock, filed under the base prospectus dated September 29, 2023. The supplement adds six new selling agents and forward counterparties and amends existing equity distribution agreements.

The supplement states that $103,531,143.15 of Common Stock aggregate offering price has been sold under the agreements and $46,468,856.85 remains available for offer and sale. The equity distribution agreements permit sales "from time to time" pursuant to separate agreements with appointed sales agents, forward sellers and forward purchasers.

Insights

Capital Markets Analyst

Supplement expands ATM distribution network and reports remaining capacity.

The filing updates the prospectus supplement for an at-the-market equity distribution program sized "up to $150,000,000" in aggregate offering price and reports prior sales of $103,531,143.15, leaving $46,468,856.85 available as of the supplement date April 24, 2026.

Adding six new agents and designating four firms as forward sellers/forward purchasers broadens potential execution channels. Cash-flow treatment and timing of future sales are governed by the equity distribution agreements; specific sale amounts or pricing for future tranches are not disclosed in the excerpt.

Securities/Corporate Counsel

Document is an administrative amendment to distribution agreements; it preserves original program terms.

The supplement amends and supplements the Original Prospectus Supplement by adding named firms as sales agents and forward counterparties and by amending existing agreements with previously listed agents. The supplement reiterates risk-factor cross-references and SEC disclaimer language.

Because the filing is an update to agent appointments and agreement amendments, the action is procedural under the registered shelf framework; timing and proceeds use are not specified in the provided text.

Key Figures

Program size: $150,000,000 Aggregate sold: $103,531,143.15 Remaining capacity: $46,468,856.85 +1 more

4 metrics

Program size $150,000,000 aggregate offering price under prospectus supplement

Aggregate sold $103,531,143.15 aggregate offering price offered and sold through the equity distribution agreements

Remaining capacity $46,468,856.85 aggregate offering price remaining available for offer and sale

Supplement date April 24, 2026 date the prospectus supplement was filed

Key Terms

equity distribution agreements, sales agent, forward seller/forward purchaser, prospectus supplement

4 terms

equity distribution agreements financial

"entered into separate equity distribution agreements with each of Raymond James"

sales agent financial

"AGP and Colliers 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.

forward seller/forward purchaser financial

"Cantor, Huntington, Lucid and UBS shall each become a sales agent, forward seller and forward purchaser"

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.

Offering Details

ATM

Offering

Offering Type ATM

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

Up to $150,000,000

 

Alpine Income Property Trust, Inc.

Common Stock

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 October 20, 2023 (the “Original Prospectus Supplement”) and the base prospectus dated September 29, 2023 (the “Prospectus”) relating to the offer and sale of shares of our common stock, par value $0.01 per share (the “Common Stock”), having an aggregate offering price of up to $150,000,000 from time to time, pursuant to separate equity distribution agreements, each dated October 21, 2022, as amended October 20, 2023, 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”), B. Riley Securities, Inc. (“B. Riley”), Jefferies LLC (“Jefferies”), JonesTrading Institutional Services LLC (“Jones”), KeyBanc Capital Markets Inc. (“KeyBanc”), Regions Securities LLC (“Regions”), and Truist Securities, Inc. (“Truist”), and separate equity distribution agreements, each dated October 20, 2023, we, our Operating Partnership and our Manager entered into with each of Robert W. Baird & Co. Incorporated (“Baird”) and Stifel, Nicolaus & Company, Incorporated (“Stifel”). 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 A.G.P./Alliance Global Partners (“AGP”), Cantor Fitzgerald & Co. (“Cantor”), Colliers Securities LLC (“Colliers”), Huntington Securities, Inc. (“Huntington”), Lucid Capital Markets, LLC (“Lucid”) and UBS Securities LLC (“UBS”) and (ii) separate amendments to each existing equity distribution agreement with each of Raymond James, Baird, B. Riley, Jefferies, Jones, KeyBanc, Regions, Stifel and Truist. Pursuant to the equity distribution agreements, AGP and Colliers shall each become a sales agent and Cantor, Huntington, Lucid and UBS shall each become a sales agent, forward seller and forward purchaser. Accordingly, any reference to “sales agent” or “sales agents” in the Original Prospectus Supplement shall hereafter be deemed to include AGP, Cantor, Colliers, Huntington, Lucid and UBS, any reference to “forward seller” or “forward sellers” in the Original Prospectus Supplement shall hereafter be deemed to include Cantor, Huntington, Lucid and UBS, and any reference to “forward purchaser” or “forward purchasers” in the Original Prospectus Supplement shall hereafter be deemed to include Cantor, Huntington, Lucid and UBS. Through the date of this prospectus supplement, Common Stock with an aggregate offering price of $103,531,143.15 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 Common Stock with an aggregate offering price of up to $46,468,856.85 remain available for offer and sale pursuant to the equity distribution agreements.

Investing in shares of our Common Stock involves risks. See “Risk Factors” beginning on page S-5 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 Securities and Exchange Commission, which are incorporated by reference in this prospectus supplement, the Original Prospectus Supplement and the accompanying Prospectus.

Neither the Securities and Exchange Commission 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	KeyBanc Capital Markets	Lucid Capital Markets	Regions Securities LLC
Stifel	Truist Securities	UBS Investment Bank

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

FAQ

What did Alpine Income Property Trust (PINE) file on April 24, 2026?

It filed a prospectus supplement updating its up to $150,000,000 equity distribution program. The supplement adds six new sales agents and amends existing distribution agreements under the base prospectus.

How much of the $150,000,000 offering has Alpine Income sold (PINE)?

The supplement states $103,531,143.15 aggregate offering price has been sold under the equity distribution agreements. This figure is reported directly in the prospectus supplement.

How much capacity remains under Alpine Income's ATM program (PINE)?

The prospectus supplement reports $46,468,856.85 in aggregate offering price remains available for offer and sale under the equity distribution agreements.

Which new firms were added as agents or forward counterparties in the PINE supplement?

The supplement adds A.G.P./Alliance Global Partners, Cantor Fitzgerald, Colliers Securities, Huntington, Lucid Capital Markets, and UBS Securities as agents and, for some, as forward sellers/forward purchasers.

Does the supplement change how Alpine will use proceeds from sales (PINE)?

The excerpt does not state a specific use of proceeds. The supplement updates agent appointments and agreement terms; it does not specify uses of proceeds in the provided text.