Alpine Income Property Trust, Inc. (PINE) Form 424B5 — Oct 23, 2026
Alpine Income Property Trust (PINE) filed a prospectus supplement establishing a $150 million at-the-market equity program dated October 23, 2026, with 16 sales agents including Raymond James, Jefferies, Stifel and UBS. The program supports both direct sales and forward sale agreements, including contingent forward transactions with Jefferies, B. Riley and Truist, with commissions capped at 2.0%. The stock last traded at $17.42 on October 22, 2026, and with ~17.9 million common shares outstanding, full use of the program could be dilutive in the high single digits percent — though forward settlement timing defers that dilution.
Key figures
- Gross Proceeds
- 150000000
- Offering Price
- 17.42
- Commission Rate
- up to 2.0% per sales agent / forward seller
- Shares Outstanding
- 17935407
- Shelf capacity
- 400000000
- Term loan 2029
- $100 million at ~4.66%
- Term loan 2031
- $100 million at ~3.35%
- Revolver capacity
- $250 million
- Pending acquisition
- $117.3 million 13-property industrial portfolio at $63/sq ft
- Portfolio occupancy
- 99.6%
- Portfolio properties
- 130
- Revolver outstanding
- $198.5 million at ~4.96% weighted average as of Sept 30, 2026
- Preferred atm program
- $35 million 8.00% Series A Preferred
- Commercial loans carrying value
- $231.4 million
AI analysis
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