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Alpine Income Property Trust Announces Pricing of Public Offering of 8.00% Series A Cumulative Redeemable Preferred Stock

PINE
  • Alpine Income Property Trust, Inc. priced a public offering of 2,000,000 shares of 8.00% Series A Cumulative Redeemable Preferred Stock at $25.00 per share.
  • The offering is expected to generate gross proceeds of $50,000,000 before underwriting discounts & expenses.
  • Underwriters have a 30-day option to purchase up to an additional 300,000 shares to cover over-allotments.
  • The closing of the offering is scheduled for November 12, 2025, subject to customary conditions.
  • Net proceeds will be used for general corporate & working capital purposes, including property acquisitions, loan opportunities, & debt repayment.
  • The company intends to list the shares on the New York Stock Exchange under the ticker symbol "PINE-PA".
  • Raymond James, Stifel, & Baird are acting as joint book-running managers, with six other firms serving as co-managers.
  • The offering is made under an existing Form S-3 shelf registration statement filed with the SEC.
  • Alpine Income Property Trust, Inc. is a publicly traded REIT focused on single-tenant net leased commercial properties.