Business
Alpine Income Property Trust Announces Third Quarter and Year-to-Date 2025 Transaction Activity
WINTER PARK, Fla., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced its investment and disposition activities for the third quarter and year-to-date 2025. Investment and Disposition Activity During the third quarter 2025, the Company completed the following transaction activity: Acquired two properties on September 30, 2025 each ground leased to Lowe’s, an investment grade tenant (rated BBB+ by S&P), for $21.1 million representing
About this update from Alpine Income Property Trust, Inc.
[{"type":"image","alt":"Alpine Income Property Trust","displaySize":"","headline":null,"caption":"Alpine Income Property Trust","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":108,"url":"https://media.zenfs.com/en/globenewswire.com/629346ca42470f5e2a600c5b1264d178"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dWr.KNZXmz6Tg2tl7oVpaA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/629346ca42470f5e2a600c5b1264d178","width":300,"height":108}},"lazy":false},{"type":"text","content":"WINTER PARK, Fla., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced its investment and disposition activities for the third quarter and year-to-date 2025.","length":219,"tagName":"p"},{"type":"text","content":"Investment and Disposition Activity ","length":35,"tagName":"p"},{"type":"text","content":"During the third quarter 2025, the Company completed the following transaction activity:","length":88,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Acquired two properties on September 30, 2025 each ground leased to Lowe’s, an investment grade tenant (rated BBB+ by S&P), for $21.1 million representing a weighted average going-in cash cap rate of 6.0% and a weighted average remaining lease term of approximately 11.6 years.","length":281,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Lowe’s has now increased to the Company’s largest tenant by annualized base rent, surpassing Dick’s Sporting Goods (rated BBB by S&P), which now ranks as the second largest tenant.","length":184,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":184,"olType":false}]},{"val":[{"type":"text","content":"Sold three net lease properties for $6.2 million including one property leased to Advance Auto Parts, a vacant parcel formerly leased to a convenience store, and the former Century Theater Center in Reno, NV which was previously announced on September 4, 2025.","length":260,"tagName":"p"}]},{"val":[{"type":"text","content":"As previously announced, originated two separate structured investments for a combined total of $28.0 million with a weighted average initial cash yield of 10.6%. The structured investments include a seller financing in conjunction with the disposition of the former Ce...