Alpine Income Property Trust, Inc. (PINE) Form 424B5 — Oct 23, 2026
Alpine Income Property Trust filed a 424B5 establishing a new at-the-market program to sell up to $35 million of its 8.00% Series A Cumulative Redeemable Preferred Stock (NYSE:…
Key figures
- Gross Proceeds
- 35000000
- Offering Price
- $25.00 liquidation preference per share
- Shares Outstanding
- 2,489,747 Series A Preferred shares outstanding; 3,948,081 authorized
- Share cap
- 3.38066
- Dividend rate
- 8.00% per annum ($2.00 per share annual)
- First call date
- November 12, 2030
- Atm commission max
- 2.0% of gross sales price
- Pending acquisition
- $117.3 million 13-property industrial portfolio
- Revolver outstanding
- $198.5 million at ~4.96% weighted average
- Preferred price oct22
- 25.18
- Common stock price oct22
- 17.42
- Commercial loan portfolio
- $231.4 million carrying value
AI analysis
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