{"success":true,"data":{"pressRelease":{"id":"165718","rtpr_id":"nGNX7V3FqN-20261009","ticker":"PINE","exchange":"NYSE","all_tickers":["PINE"],"title":"Alpine Income Property Trust Announces Agreement to Acquire 13-Property Industrial Portfolio for $117.3 Million","author":"Globe Newswire","published_at":"2026-10-09T20:05:00.135Z","article_body":"WINTER PARK, Fla., Oct. 09, 2026 (GLOBE NEWSWIRE) -- Alpine Income Property\nTrust, Inc. (NYSE: PINE) (the \"Company\"), an owner and operator of\nsingle-tenant net leased commercial income properties, today announced that it\nhas entered into an agreement to acquire a 13-property industrial portfolio\nfor $117.3 million, or $63 per square foot.\n\nThe portfolio totals approximately 1.9 million square feet on approximately\n209 acres across 11 states. The properties are 100% leased to nine tenants\nunder absolute triple-net leases with a weighted average remaining lease term\nof 10.2 years, and no lease expires before late 2031. The tenants have\noperated at their respective sites for an average of approximately 40 years,\nand many have made significant investments in their facilities. Approximately\n19% of in-place cash rent is attributable to tenants that are rated investment\ngrade or are subsidiaries of investment grade rated parents.\n\n\"This acquisition will add a portfolio of mission-critical manufacturing and\ndistribution facilities, at a low basis with 10 years of weighted average\nlease term remaining,\" said John P. Albright, President and Chief Executive\nOfficer of Alpine Income Property Trust. \"We believe that the investment will\ndeliver an attractive initial yield, and that the annual rent escalators built\ninto the leases will support future cash flow growth.\"\n\nThe acquisition is expected to close in the fourth quarter of 2026, subject to\nthe satisfaction of customary closing conditions. The Company expects to fund\nthe acquisition with borrowings under its revolving credit facility, proceeds\nfrom select dispositions, and commercial loan repayments.\n\nAbout Alpine Income Property Trust, Inc. \n\nAlpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real\nestate investment trust that seeks to deliver attractive risk-adjusted returns\nand dependable cash dividends by investing in, owning and operating a\nportfolio of single tenant net leased commercial income properties that are\npredominately leased to high-quality publicly traded and credit-rated tenants.\nThe Company also complements its income property portfolio by strategically\ninvesting in a select portfolio of commercial loan investments intended to\ndeliver an attractive risk-adjusted return.\n\nWe encourage you to review our most recent investor presentation which is\navailable on our website at http://www.alpinereit.com.\n\nSafe Harbor \n\nThis press release may contain “forward-looking statements.”\nForward-looking statements include statements that may be identified by words\nsuch as “outlook,” “could,” “may,” “might,” “will,”\n“likely,” “anticipates,” “intends,” “plans,” “seeks,”\n“believes,” “estimates,” “expects,” “continues,”\n“projects” and similar references to future periods, or by the inclusion\nof forecasts or projections. Statements, among others, relating to the\nexpected closing of the Company’s acquisition of the industrial portfolio\nand future cash flow growth are forward-looking statements. Forward-looking\nstatements are based on the Company’s current expectations and assumptions\nregarding capital market conditions, the Company’s business, the economy and\nother future conditions. Because forward-looking statements relate to the\nfuture, by their nature, they are subject to inherent uncertainties, risks and\nchanges in circumstances that are difficult to predict. As a result, the\nCompany’s actual results may differ materially from those contemplated by\nthe forward-looking statements. Important factors that could cause actual\nresults to differ materially from those in the forward-looking statements\ninclude general business and economic conditions, continued volatility and\nuncertainty in the credit markets and broader financial markets, geopolitical\nconflicts, tariffs and international trade policies, risks inherent in the\nreal estate business, including tenant or borrower defaults, potential\nliability relating to environmental matters, credit risk associated with the\nCompany investing in commercial loans and investments, illiquidity of real\nestate investments and potential damages from natural disasters, the impact of\nepidemics or pandemics on the Company’s business and the businesses of its\ntenants and borrowers and the impact of such epidemics or pandemics on the\nU.S. economy and market conditions generally, other factors affecting the\nCompany’s business or the businesses of its tenants and borrowers that are\nbeyond the control of the Company or its tenants or borrowers, and the factors\nset forth under “Risk Factors” in the Company’s Annual Report on Form\n10-K for the year ended December 31, 2025 and other risks and uncertainties\ndiscussed from time to time in the Company’s filings with the U.S.\nSecurities and Exchange Commission. Any forward-looking statement made in this\npress release speaks only as of the date on which it is made. The Company\nundertakes no obligation to publicly update or revise any forward-looking\nstatement, whether as a result of new information, future developments or\notherwise.\n\nContact:\nInvestor Relations\nir@alpinereit.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/1d61cb85-c61a-40e1-ab6a-557e6cfea984)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7V3FqN-20261009","title":"Alpine Income Property Trust Announces Agreement to Acquire 13-Property Industrial Portfolio for $117.3 Million","author":"Globe Newswire","ticker":"PINE","created":"2026-10-09T20:05:00.135Z","tickers":["PINE"],"exchange":"NYSE","article_body":"WINTER PARK, Fla., Oct. 09, 2026 (GLOBE NEWSWIRE) -- Alpine Income Property\nTrust, Inc. (NYSE: PINE) (the \"Company\"), an owner and operator of\nsingle-tenant net leased commercial income properties, today announced that it\nhas entered into an agreement to acquire a 13-property industrial portfolio\nfor $117.3 million, or $63 per square foot.\n\nThe portfolio totals approximately 1.9 million square feet on approximately\n209 acres across 11 states. The properties are 100% leased to nine tenants\nunder absolute triple-net leases with a weighted average remaining lease term\nof 10.2 years, and no lease expires before late 2031. The tenants have\noperated at their respective sites for an average of approximately 40 years,\nand many have made significant investments in their facilities. Approximately\n19% of in-place cash rent is attributable to tenants that are rated investment\ngrade or are subsidiaries of investment grade rated parents.\n\n\"This acquisition will add a portfolio of mission-critical manufacturing and\ndistribution facilities, at a low basis with 10 years of weighted average\nlease term remaining,\" said John P. Albright, President and Chief Executive\nOfficer of Alpine Income Property Trust. \"We believe that the investment will\ndeliver an attractive initial yield, and that the annual rent escalators built\ninto the leases will support future cash flow growth.\"\n\nThe acquisition is expected to close in the fourth quarter of 2026, subject to\nthe satisfaction of customary closing conditions. The Company expects to fund\nthe acquisition with borrowings under its revolving credit facility, proceeds\nfrom select dispositions, and commercial loan repayments.\n\nAbout Alpine Income Property Trust, Inc. \n\nAlpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real\nestate investment trust that seeks to deliver attractive risk-adjusted returns\nand dependable cash dividends by investing in, owning and operating a\nportfolio of single tenant net leased commercial income properties that are\npredominately leased to high-quality publicly traded and credit-rated tenants.\nThe Company also complements its income property portfolio by strategically\ninvesting in a select portfolio of commercial loan investments intended to\ndeliver an attractive risk-adjusted return.\n\nWe encourage you to review our most recent investor presentation which is\navailable on our website at http://www.alpinereit.com.\n\nSafe Harbor \n\nThis press release may contain “forward-looking statements.”\nForward-looking statements include statements that may be identified by words\nsuch as “outlook,” “could,” “may,” “might,” “will,”\n“likely,” “anticipates,” “intends,” “plans,” “seeks,”\n“believes,” “estimates,” “expects,” “continues,”\n“projects” and similar references to future periods, or by the inclusion\nof forecasts or projections. Statements, among others, relating to the\nexpected closing of the Company’s acquisition of the industrial portfolio\nand future cash flow growth are forward-looking statements. Forward-looking\nstatements are based on the Company’s current expectations and assumptions\nregarding capital market conditions, the Company’s business, the economy and\nother future conditions. Because forward-looking statements relate to the\nfuture, by their nature, they are subject to inherent uncertainties, risks and\nchanges in circumstances that are difficult to predict. As a result, the\nCompany’s actual results may differ materially from those contemplated by\nthe forward-looking statements. Important factors that could cause actual\nresults to differ materially from those in the forward-looking statements\ninclude general business and economic conditions, continued volatility and\nuncertainty in the credit markets and broader financial markets, geopolitical\nconflicts, tariffs and international trade policies, risks inherent in the\nreal estate business, including tenant or borrower defaults, potential\nliability relating to environmental matters, credit risk associated with the\nCompany investing in commercial loans and investments, illiquidity of real\nestate investments and potential damages from natural disasters, the impact of\nepidemics or pandemics on the Company’s business and the businesses of its\ntenants and borrowers and the impact of such epidemics or pandemics on the\nU.S. economy and market conditions generally, other factors affecting the\nCompany’s business or the businesses of its tenants and borrowers that are\nbeyond the control of the Company or its tenants or borrowers, and the factors\nset forth under “Risk Factors” in the Company’s Annual Report on Form\n10-K for the year ended December 31, 2025 and other risks and uncertainties\ndiscussed from time to time in the Company’s filings with the U.S.\nSecurities and Exchange Commission. Any forward-looking statement made in this\npress release speaks only as of the date on which it is made. The Company\nundertakes no obligation to publicly update or revise any forward-looking\nstatement, whether as a result of new information, future developments or\notherwise.\n\nContact:\nInvestor Relations\nir@alpinereit.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/1d61cb85-c61a-40e1-ab6a-557e6cfea984)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-09T20:05:00.208586996Z","server_sent_at_ms":1791576300208},"received_at":"2026-10-09T20:05:00.364Z","source_url":null},"analysis":{"id":"154111","press_release_id":"165718","analysis_json":{"industry":{"label":"Retail REITs","sector":"Real Estate"},"redFlags":["acquisition funded partly with revolver borrowings, increasing leverage"],"eventType":"m_and_a","narrative":"Alpine Income Property Trust agreed to acquire a 13-property industrial portfolio for $117.3 million, or $63 per square foot, spanning roughly 1.9 million square feet across 11 states.\n\nThe portfolio is 100% leased to nine tenants under absolute triple-net leases with a 10.2-year weighted average lease term and no lease expiring before late 2031; about 19% of in-place cash rent comes from investment-grade tenants.\n\nThe deal is expected to close in Q4 2026, funded with revolver borrowings, disposition proceeds, and commercial loan repayments, and management expects an attractive initial yield with built-in rent escalators.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"PINE adds $117M of industrial net lease assets at a low $63/sqft basis with 10.2-year WALT, funded with debt and dispositions."},"keyFigures":{"dealValueUsd":117300000,"customDimensions":{"acres":209,"occupancy":"100% leased","walt_years":10.2,"state_count":11,"tenant_count":9,"portfolio_sqft":1900000,"price_per_sqft":"$63","property_count":13,"investment_grade_rent_pct":"19%"}},"quotedText":"This acquisition will add a portfolio of mission-critical manufacturing and distribution facilities, at a low basis with 10 years of weighted average lease term remaining","namedEntities":{"people":[{"name":"John P. 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