Alpine Income Property Trust, Inc.

Alpine Income Property Trust Completes Acquisition of 13-Property Industrial Portfolio for $117.3 Million

Alpine Income Property Trust completed its previously announced acquisition of a 13-property industrial portfolio for $117.3 million, or $63 per square foot. The 1.9 million square foot portfolio spans 11 states and is 100% leased to nine tenants under absolute triple-net leases with 10.2 years of weighted average remaining lease term and annual rent escalators. The deal was funded with borrowings under the company's revolving credit facility, adding leverage alongside the expected initial yield and future cash flow growth.

•6d ago

Alpine Income Property Trust Closes $175 Million Unsecured Financing

Alpine Income Property Trust closed $175 million in unsecured financings: a new $100 million term loan due October 2030 and a $75 million revolver upsize to $325 million from $250 million. The company moved $100 million of existing SOFR swaps onto the term loan, locking an initial fixed rate of approximately 4.6% based on current leverage. Management says the facilities add liquidity and flexibility to fund future acquisitions, with Truist Bank as administrative agent and Capital One and Associated Bank newly joining the syndicate.

•10d ago

Alpine Income Property Trust Reports Third Quarter 2026 Operating And Financial Results

Alpine Income Property Trust reported record Q3 2026 results with total revenues of $20.5 million, up ~41% YoY, and net income attributable to common stockholders of $3.4 million versus a loss a year ago. AFFO per diluted share rose to $0.55 from $0.46, and the company raised full-year 2026 AFFO guidance to $2.20-$2.22 while nearly doubling investment volume guidance to $310-$350 million. Growth is driven by record YTD investment activity exceeding $300 million, a pending $117.3 million 13-property industrial portfolio acquisition, and new financing adding $175 million of potential liquidity. The dividend ($0.32/quarter) remains well covered at a 58.2% AFFO payout ratio, with 99.6% occupancy and net debt/pro forma EBITDA of 6.5x.

•17d ago

Alpine Income Property Trust Announces Agreement to Acquire 13-Property Industrial Portfolio for $117.3 Million

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. The 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. The 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.

•0mo ago

The Cheesecake Factory Opens at The Collection at Forsyth

CTO Realty Growth announced the opening of The Cheesecake Factory at its The Collection at Forsyth property in Georgia, creating over 200 local jobs. The opening follows the recent addition of Warby Parker, with Miniso expected to open in September, enhancing the center's retail mix. The Collection at Forsyth is a 561,000-square-foot lifestyle center in an affluent Atlanta submarket, continuing to attract high-quality tenants.

•3mo ago

Alpine Income Property Trust Reports Second Quarter 2026 Operating and Financial Results

Alpine Income Property Trust reported Q2 2026 AFFO of $10.6 million, or $0.58 per share, and FFO of $10.5 million, or $0.57 per share, driven by approximately $77 million of investment activity at an 8.7% blended yield. The Board of Directors increased the upcoming quarterly common stock dividend by 6.7% to $0.32 per share and authorized a $0.50 per share dividend for Series A Preferred Stock. The company revised its 2026 outlook, raising Net Income per Diluted Share guidance to $0.81-$0.84 while maintaining FFO and AFFO guidance ranges, with investment volume expected between $170 million and $200 million.

•3mo ago