CTO Realty Growth Buys 69301 Alpine Income Property Trust Shares in July

Alpine Income Property Trust, Inc. [PINE] recently disclosed that CTO Realty Growth, Inc., a 10% owner, acquired 25,326 shares at $14.43 per share on July 29, 2025. Subsequently, CTO Realty Growth, Inc. purchased an additional 23,334 shares at $14.22 per share on July 30, 2025, and 20,841 shares at $14.06 per share on July 31, 2025.

Alpine Income Property Trust, Inc. [PINE] recently disclosed that CTO Realty Growth, Inc., a 10% owner, has been actively acquiring shares of the company. On July 29, 2025, CTO Realty Growth, Inc. purchased 25,326 shares at $14.43 per share. This was followed by an additional purchase of 23,334 shares at $14.22 per share on July 30, 2025, and 20,841 shares at $14.06 per share on July 31, 2025. The total number of shares acquired by CTO Realty Growth, Inc. amounts to 69,501 shares, valued at approximately US$1.0 million.

These transactions were conducted under a Rule 10b5-1 plan, adopted by CTO Realty Growth, Inc. on July 28, 2025. The steady, pre-arranged accumulation of shares by a significant insider near the $14 price range suggests confidence in PINE’s valuation. However, the volume of shares purchased is relatively small compared to the company’s float, which may limit the immediate market impact.

The indirect ownership of CTO Realty Growth, Inc. via its subsidiary, CTO TRS Crisp39 LLC, has increased from 202,898 shares to 272,419 shares. No sales or derivative transactions were reported during this period. The absence of any sales or hedging derivatives further strengthens the signal of CTO Realty Growth, Inc.’s bullish stance on PINE.

The use of a Rule 10b5-1 plan provides regulatory cover for the purchases, but the swift deployment of the plan suggests that CTO Realty Growth, Inc. purposely structured near-term buying. As a 10% holder, CTO Realty Growth, Inc.’s continued accumulation tightens insider ownership, potentially enhancing alignment with PINE shareholders while also reducing float liquidity. No governance red flags have been observed, and the documentation is complete and transparent.

Overall, the impact on minority holders is mildly positive, with the purchases indicating a long-term alignment of CTO Realty Growth, Inc. with PINE shareholders.

References:
[1] https://www.stocktitan.net/sec-filings/PINE/form-4-alpine-income-property-trust-inc-insider-trading-activity-c0118b9f1ca0.html