Business
Alpine Income Property Trust Announces Pricing of Public Offering of 8.00% Series A Cumulative Redeemable Preferred Stock
WINTER PARK, Fla., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (“PINE” or the “Company”) today announced the pricing of a public offering of 2,000,000 shares of the Company’s 8.00% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) at a public offering price of $25.00 per share. The Series A Preferred Stock will have a $25.00 per share liquidation preference. PINE expects to receive gross proceeds of $50,000,000 from the sale of
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., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (“PINE” or the “Company”) today announced the pricing of a public offering of 2,000,000 shares of the Company’s 8.00% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) at a public offering price of $25.00 per share. The Series A Preferred Stock will have a $25.00 per share liquidation preference. PINE expects to receive gross proceeds of $50,000,000 from the sale of the Series A Preferred Stock before deducting the underwriting discount and other estimated offering expenses. The Company has granted the underwriters an option for 30 days to purchase up to an additional 300,000 shares of the Series A Preferred Stock solely to cover over-allotments. The offering is expected to close on November 12, 2025, subject to customary closing conditions.","length":882,"tagName":"p"},{"type":"text","content":"The Company expects to use the net proceeds from the offering for general corporate and working capital purposes, which may include property acquisitions, commercial loan and investment opportunities and repayment of debt, including amounts outstanding under PINE’s credit agreements.","length":284,"tagName":"p"},{"type":"text","content":"PINE intends to file an application to list the Series A Preferred Stock on the New York Stock Exchange under the ticker symbol “PINE-PA.”","length":138,"tagName":"p"},{"type":"text","content":"Raymond James, Stifel and Baird are acting as joint book-running managers for the offering. Janney Montgomery Scott, KeyBanc Capital Markets, PNC Capital Markets LLC, Regions Securities LLC, Synovus Securities Inc. and Truist Securities are acting as co-managers for the offering.","length":280,"tagName":"p"},{"type":"text","content":"The Series A P...