Alpine Income Property Trust Announces Q2 and YTD 2025 Transaction Activity with $85.9mln Acquisitions and $28.2mln Dispositions

Alpine Income Property Trust reported Q2 2025 investment activity of $85.9 million at a 9.1% yield and $28.2 million in asset sales at an 8.4% exit cash cap rate. The company sold five net lease properties, originated one seller financing structured investment, and completed a Bass Pro Shops renovation on schedule. Alpine repurchased 272,565 shares of common stock for $4.3 million and had $1.2 million remaining on its common stock buyback program.

Alpine Income Property Trust (NYSE: PINE) has reported robust financial activity for the second quarter of 2025, highlighting its strategic acquisitions, disposals, and portfolio management. The company completed $85.9 million in acquisitions and structured investments, achieving a weighted average initial yield of 9.1%. Meanwhile, $28.2 million in asset sales were executed at an 8.4% exit cash cap rate.

Key highlights of Q2 2025 include the sale of five net lease properties for $16.5 million, with notable transactions involving Walgreens, Dollar Tree, Verizon, and Old Time Pottery. Additionally, the company originated one seller financing structured investment, totaling $6.6 million in principal, with a weighted average initial yield of 9.8%. The successful renovation of Bass Pro Shops, completed on schedule, added a fresh 20-year lease term with a high-quality tenant.

Post-quarter, Alpine Income Property Trust received full repayment of a $25.5 million Publix construction loan, demonstrating effective capital deployment. The company also repurchased 272,565 shares of common stock for $4.3 million, bringing the year-to-date buyback to 546,390 shares at $16.07 per share. As of June 30, 2025, the company had approximately $1.2 million remaining on its common stock buyback program.

Alpine Income Property Trust maintains a strong 9.1% acquisition yield while strategically divesting properties and reducing exposure to Walgreens, which has now dropped to its fifth largest tenant. This tenant diversification strategy helps mitigate concentration risk, particularly important as retail pharmacies face competitive pressures. The company's financial flexibility, with no debt maturities until May 2026, allows it to navigate market conditions strategically while continuing its portfolio optimization strategy.

References:
[1] https://www.stocktitan.net/news/PINE/alpine-income-property-trust-announces-second-quarter-and-year-to-3e0763ghzyd5.html
[2] https://www.globenewswire.com/news-release/2025/07/07/3111305/0/en/Alpine-Income-Property-Trust-Announces-Second-Quarter-and-Year-to-Date-2025-Transaction-Activity.html