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Alpine Income Property Trust Announces Second Quarter and Year-to-Date 2025 Transaction Activity

1. PINE acquired $85.9 million in investments with a 9.1% yield. 2. The company sold $28.2 million worth of assets at an 8.4% cap rate. 3. Stock buybacks totaled $8.8 million, improving shareholder value. 4. Walgreens is now PINE’s fifth-largest tenant, affecting cash flow dynamics. 5. No debt maturities until May 2026 bolsters financial stability.

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Why Bullish?

The strong acquisition yield combined with share buybacks suggests robust cash flow and shareholder returns, likely driving PINE's stock price upward.

How important is it?

The article provides direct insights into PINE's financial maneuvers, affecting investor sentiment and stock valuation.

Why Short Term?

Immediate investor confidence may enhance stock performance; larger investment impacts expected in the coming quarters.

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WBADLTRVZ
WINTER PARK, Fla., July 07, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced its second quarter and year-to-date 2025 portfolio and transaction activities and provides a balance sheet update. Portfolio and Transaction Activity The Company’s total investment activity year-to-date in 2025 includes $85.9 million of acquisition and structured investment transactions representing a weighted average initial investment yield of 9.1%. The Company’s year-to-date total disposition activity includes $28.2 million of asset sales representing a weighted average exit cash cap rate of 8.4%. The Company’s weighted average lease term is 8.9 years as of June 30, 2025. Second quarter 2025 details are as follows: Sold five net lease properties, two leased to Walgreens, and one each to Dollar Tree, Verizon and Old Time Pottery, for total disposition volume of $16.5 million at a weighted average exit cap rate of 7.9%. Walgreens has now decreased to the Company’s 5th largest tenant based on ABR, with eight properties remaining.Originated one seller financing structured investment in conjunction with the disposition of a property leased to Old Time Pottery and originated a new first mortgage loan for a combined total of $6.6 million in principal fully funded at closing with a weighted average initial yield of 9.8%.Bass Pro Shops completed its full renovation on schedule with its grand opening on May 21, 2025. The 66,033-square foot property in Hermantown, MN, was re-leased to Bass Pro Shops in Q3 2025 under a 20-year initial lease term commencing upon opening. There was no interruption to the required rental payments during the renovation.Subsequent to quarter end, on July 2, 2025, the $25.5 million construction loan for the Publix land development in Charlotte, NC with a current yield of 9.5% was fully repaid. Balance Sheet Update During the quarter ended June 30, 2025, the Company repurchased 272,565 shares of common stock at a weighted average gross price of $15.81 per share, for a total cost of $4.3 million. Year-to-date 2025, the Company repurchased 546,390 shares of common stock at a weighted average gross price of $16.07, for a total cost of $8.8 million.As of June 30, 2025, the Company had approximately $1.2 million remaining on its current common stock buyback program.As of June 30, 2025, there were 15,375,768 shares of common stock and operating partnership units outstanding.The Company currently has no debt maturities until May 2026. 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 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.

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