Alpine Income Property Trust Announces Second Quarter and Year-to-Date 2025 Transaction Activity
Alpine Income Property Trust (NYSE:PINE) has reported significant transaction activity for Q2 and YTD 2025. The company completed $85.9 million in acquisitions and structured investments with a weighted average initial yield of 9.1%, while executing $28.2 million in dispositions at an 8.4% exit cap rate.
Key Q2 highlights include the sale of five properties for $16.5 million, origination of $6.6 million in structured investments, and completion of Bass Pro Shops renovation. The company actively managed its portfolio by repurchasing 272,565 shares at $15.81 per share in Q2, bringing YTD buybacks to 546,390 shares at $16.07 per share. Post-quarter, PINE received full repayment of a $25.5 million Publix construction loan.
Alpine Income Property Trust (NYSE:PINE) ha riportato un'intensa attivit脿 transazionale nel secondo trimestre e nel periodo cumulativo del 2025. La societ脿 ha completato acquisizioni e investimenti strutturati per un totale di 85,9 milioni di dollari con un rendimento iniziale medio ponderato del 9,1%, mentre ha effettuato disinvestimenti per 28,2 milioni di dollari a un tasso di uscita dell'8,4%.
I principali risultati del Q2 includono la vendita di cinque propriet脿 per 16,5 milioni di dollari, l'erogazione di 6,6 milioni di dollari in investimenti strutturati e il completamento della ristrutturazione di Bass Pro Shops. La societ脿 ha gestito attivamente il proprio portafoglio riacquistando 272.565 azioni a 15,81 dollari per azione nel Q2, portando il totale dei riacquisti da inizio anno a 546.390 azioni a 16,07 dollari per azione. Dopo la chiusura del trimestre, PINE ha ricevuto il rimborso completo di un prestito per la costruzione di Publix da 25,5 milioni di dollari.
Alpine Income Property Trust (NYSE:PINE) ha reportado una actividad significativa en transacciones durante el segundo trimestre y el acumulado del a帽o 2025. La compa帽铆a complet贸 adquisiciones e inversiones estructuradas por un total de 85,9 millones de d贸lares con un rendimiento inicial promedio ponderado del 9,1%, mientras ejecutaba desinversiones por 28,2 millones de d贸lares con una tasa de capitalizaci贸n de salida del 8,4%.
Los aspectos destacados del Q2 incluyen la venta de cinco propiedades por 16,5 millones de d贸lares, la originaci贸n de 6,6 millones de d贸lares en inversiones estructuradas y la finalizaci贸n de la renovaci贸n de Bass Pro Shops. La compa帽铆a gestion贸 activamente su portafolio recomprando 272,565 acciones a 15,81 d贸lares por acci贸n en el Q2, elevando las recompras acumuladas a 546,390 acciones a 16,07 d贸lares por acci贸n. Tras el cierre del trimestre, PINE recibi贸 el reembolso completo de un pr茅stamo de construcci贸n de Publix por 25,5 millones de d贸lares.
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Alpine Income Property Trust (NYSE:PINE) a annonc茅 une activit茅 transactionnelle importante pour le deuxi猫me trimestre et l'ann茅e 脿 ce jour 2025. La soci茅t茅 a r茅alis茅 85,9 millions de dollars d'acquisitions et d'investissements structur茅s avec un rendement initial moyen pond茅r茅 de 9,1 %, tout en ex茅cutant 28,2 millions de dollars de cessions avec un taux de capitalisation de sortie de 8,4 %.
Les points cl茅s du deuxi猫me trimestre incluent la vente de cinq propri茅t茅s pour 16,5 millions de dollars, l'origine de 6,6 millions de dollars en investissements structur茅s, ainsi que l'ach猫vement de la r茅novation de Bass Pro Shops. La soci茅t茅 a g茅r茅 activement son portefeuille en rachetant 272 565 actions 脿 15,81 dollars par action au deuxi猫me trimestre, portant les rachats depuis le d茅but de l'ann茅e 脿 546 390 actions 脿 16,07 dollars par action. Apr猫s la fin du trimestre, PINE a re莽u le remboursement int茅gral d'un pr锚t de construction Publix de 25,5 millions de dollars.
Alpine Income Property Trust (NYSE:PINE) meldete im zweiten Quartal und im bisherigen Jahresverlauf 2025 eine bedeutende Transaktionsaktivit盲t. Das Unternehmen t盲tigte Akquisitionen und strukturierte Investitionen im Wert von 85,9 Millionen US-Dollar mit einer gewichteten durchschnittlichen Anfangsrendite von 9,1 %, w盲hrend es Ver盲u脽erungen in H枚he von 28,2 Millionen US-Dollar mit einer Ausstiegs-Kapitalisierungsrate von 8,4 % durchf眉hrte.
Zu den wichtigsten Highlights im Q2 z盲hlen der Verkauf von f眉nf Immobilien f眉r 16,5 Millionen US-Dollar, die Vergabe von 6,6 Millionen US-Dollar an strukturierten Investitionen sowie der Abschluss der Renovierung von Bass Pro Shops. Das Unternehmen verwaltete sein Portfolio aktiv, indem es im Q2 272.565 Aktien zu je 15,81 US-Dollar zur眉ckkaufte, womit sich die R眉ckk盲ufe seit Jahresbeginn auf 546.390 Aktien zu je 16,07 US-Dollar summieren. Nach Quartalsende erhielt PINE die vollst盲ndige R眉ckzahlung eines 25,5 Millionen US-Dollar umfassenden Baukredits f眉r Publix.
- Strong investment yield of 9.1% on $85.9M of acquisitions and structured investments
- Successful completion of Bass Pro Shops renovation with 20-year lease term secured
- Full repayment received on $25.5M construction loan at 9.5% yield
- Active share repurchase program demonstrating confidence in stock value
- No debt maturities until May 2026, indicating strong balance sheet position
- Disposition of five properties including reduction in Walgreens exposure
- Lower exit cap rate (8.4%) on dispositions compared to acquisition yield (9.1%)
- Limited remaining capacity ($1.2M) in share buyback program
Insights
Alpine Income Property Trust maintains strong 9.1% acquisition yields while strategically divesting properties and reducing Walgreens exposure.
Alpine Income Property Trust (PINE) has demonstrated solid transaction momentum in 2025, with
The company's Q2 strategic repositioning included divesting five properties for
The successful Bass Pro Shops renovation without rental interruption strengthens PINE's portfolio quality, adding a fresh 20-year lease term with a high-quality tenant. Meanwhile, the
The share repurchase program (
WINTER PARK, Fla., July 07, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the 鈥淐ompany鈥�) today announced its second quarter and year-to-date 2025 portfolio and transaction activities and provides a balance sheet update.
Portfolio and Transaction Activity
The Company鈥檚 total investment activity year-to-date in 2025 includes
Second quarter 2025 details are as follows:
- 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 of7.9% . Walgreens has now decreased to the Company鈥檚 5th largest tenant based on ABR, with eight properties remaining. - 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 of9.8% . - Bass Pro Shops completed its full renovation on schedule with its grand opening on May 21, 2025. The 66,033-square foot property in Hermantown, MN, was re-leased to Bass Pro Shops in Q3 2025 under a 20-year initial lease term commencing upon opening. There was no interruption to the required rental payments during the renovation.
- Subsequent to quarter end, on July 2, 2025, the
$25.5 million construction loan for the Publix land development in Charlotte, NC with a current yield of9.5% was fully repaid.
Balance Sheet Update
- During the quarter ended June 30, 2025, the Company repurchased 272,565 shares of common stock at a weighted average gross price of
$15.81 per share, for a total cost of$4.3 million . Year-to-date 2025, the Company repurchased 546,390 shares of common stock at a weighted average gross price of$16.07 , for a total cost of$8.8 million . - As of June 30, 2025, the Company had approximately
$1.2 million remaining on its current common stock buyback program. - As of June 30, 2025, there were 15,375,768 shares of common stock and operating partnership units outstanding.
- The Company currently has no debt maturities until May 2026.
About Alpine Income Property Trust, Inc.听
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominantly leased to high-quality publicly traded and credit-rated tenants.
We encourage you to review our most recent investor presentation which is available on our website at .听听
Safe Harbor听
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Contact: Investor Relations [email protected]
FAQ
What is Alpine Income Property Trust's (PINE) total acquisition volume for 2025 YTD?
How many shares did PINE repurchase in Q2 2025?
What was the value of PINE's property dispositions in Q2 2025?
What is the status of PINE's Bass Pro Shops property renovation?
When is Alpine Income Property Trust's next debt maturity?
