Alpine Income Property Trust, Inc. (PINE) Form 8-K — Nov 2, 2026
Alpine Income Property Trust (NYSE: PINE) completed its acquisition of a 13-property industrial portfolio for $117.3 million, or $63 per square foot, on October 30, 2026. The portfolio spans approximately 1.9 million square feet across 11 states and is 100% leased to nine tenants under absolute triple-net leases with a 10.2-year weighted average remaining lease term and annual rent escalators. The acquisition was funded entirely with borrowings under the company's revolving credit facility, meaning the deal adds leverage rather than equity dilution.
Key figures
- Deal Value Usd
- 117300000
- States
- 11
- Tenants
- 9
- Occupancy
- 100% leased
- Properties
- 13
- Price Per Sq Ft
- 63
- Portfolio Sq Ft
- approximately 1.9 million square feet
- Lease Structure
- absolute triple-net leases with annual rent escalators
- Weighted Average Remaining Lease Term Years
- 10.2
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