Alpine Income Property Trust Announces Second Quarter and Year-to-Date 2025 Transaction Activity

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., July 07, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced its second quarter and year-to-date 2025 portfolio and transaction activities and provides a balance sheet update.","length":247,"tagName":"p"},{"type":"text","content":"Portfolio and Transaction Activity ","length":34,"tagName":"p"},{"type":"text","content":"The Company’s total investment activity year-to-date in 2025 includes $85.9 million of acquisition and structured investment transactions representing a weighted average initial investment yield of 9.1%. The Company’s year-to-date total disposition activity includes $28.2 million of asset sales representing a weighted average exit cash cap rate of 8.4%. The Company’s weighted average lease term is 8.9 years as of June 30, 2025.","length":431,"tagName":"p"},{"type":"text","content":"Second quarter 2025 details are as follows:","length":43,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Sold five net lease properties, two leased to Walgreens, and one each to Dollar Tree, Verizon and Old Time Pottery, for total disposition volume of $16.5 million at a weighted average exit cap rate of 7.9%. Walgreens has now decreased to the Company’s 5th largest tenant based on ABR, with eight properties remaining.","length":317,"tagName":"p"}]},{"val":[{"type":"text","content":"Originated one seller financing structured investment in conjunction with the disposition of a property leased to Old Time Pottery and originated a new first mortgage loan for a combined total of $6.6 million in principal fully funded at closing with a weighted average initial yield of 9.8%.","length":292,"tagName":"p"}]},{"val":[{"type":"text","content":"Bass Pro Shops completed its full renovation on schedule with its grand...

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