Alpine Income Property Trust acquired three fully leased properties in Richmond, Virginia, for $20.7 million, expanding its tenant portfolio.
Quiver AI Summary
Alpine Income Property Trust, Inc. announced the acquisition of three properties in Richmond, Virginia for $20.7 million, covering a total of 14 acres and totaling 177,441 square feet. These properties are fully leased and include a Walmart Supercenter as the anchor tenant, which has an AA credit rating, along with a triple-net-leased building anchored by TJ Maxx and an additional leased outparcel. Following this acquisition, Walmart becomes the company's fourth largest tenant, and approximately 50% of Alpine's annualized base rent will now come from investment-grade rated tenants. This acquisition marks the company’s first TJ Maxx store in its portfolio and is situated in a strong market area, boasting an average household income of $146,000 and a population of over 200,000 within a five-mile radius.
Potential Positives
- The acquisition of three properties for $20.7 million strengthens the company's portfolio with high-quality tenants and secure long-term leases.
- Walmart becoming the company's fourth largest tenant enhances the stability and appeal of the investment, given Walmart's AA credit rating.
- Approximately 50% of the company’s annualized base rent is now from investment-grade rated tenants, indicating reduced credit risk and increased reliability in cash flows.
- The properties are located in a strong market area with high household income and population density, suggesting potential for long-term growth and stability.
Potential Negatives
- The press release includes a lengthy disclaimer about forward-looking statements, suggesting potential uncertainty about future performance which may raise concerns among investors.
- Despite the acquisition of properties anchored by reputable tenants, the company highlights significant risks associated with tenant defaults and economic volatility, which could negatively impact future earnings.
- There is no clear indication of the financial terms or how the acquisition will be funded, leaving open questions about the company's financial health and capital management strategy.
FAQ
What properties did Alpine Income Property Trust acquire?
Alpine Income Property Trust acquired three properties totaling 177,441 square feet in Richmond, Virginia, including a Walmart Supercenter and a TJ Maxx store.
How much was the acquisition cost for the properties?
The total acquisition cost for the three properties was $20.7 million.
Who are the major tenants in the newly acquired properties?
The major tenants include Walmart, which has an AA credit rating, and TJ Maxx, which has an A credit rating.
What percentage of annualized base rent comes from investment-grade tenants?
Approximately 50% of the Company's annualized base rent is now attributable to investment-grade rated tenants.
Where can I find more information about Alpine Income Property Trust?
More information can be found on the Company's website at http://www.alpinereit.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PINE Insider Trading Activity
$PINE insiders have traded $PINE stock on the open market 11 times in the past 6 months. Of those trades, 10 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $PINE stock by insiders over the last 6 months:
- REALTY GROWTH, INC. CTO has made 6 purchases buying 109,081 shares for an estimated $1,553,848 and 0 sales.
- STEVEN ROBERT GREATHOUSE (SVP & Chief Investment Officer) has made 2 purchases buying 4,172 shares for an estimated $60,081 and 0 sales.
- JOHN P ALBRIGHT (PRESIDENT AND CEO) purchased 3,500 shares for an estimated $49,702
- DANIEL EARL SMITH (SVP, GEN COUNSEL & CORP SECRET) purchased 3,500 shares for an estimated $49,356
- ANDREW C RICHARDSON sold 1,000 shares for an estimated $15,000
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PINE Hedge Fund Activity
We have seen 54 institutional investors add shares of $PINE stock to their portfolio, and 68 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DEPRINCE RACE & ZOLLO INC removed 158,199 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $2,241,679
- BLACKROCK, INC. added 142,642 shares (+13.4%) to their portfolio in Q3 2025, for an estimated $2,021,237
- HEARTLAND ADVISORS INC added 138,770 shares (+25.1%) to their portfolio in Q3 2025, for an estimated $1,966,370
- RUSSELL INVESTMENTS GROUP, LTD. removed 138,541 shares (-41.7%) from their portfolio in Q3 2025, for an estimated $1,963,125
- GABELLI FUNDS LLC removed 82,398 shares (-33.5%) from their portfolio in Q3 2025, for an estimated $1,167,579
- CITADEL ADVISORS LLC removed 80,280 shares (-55.4%) from their portfolio in Q3 2025, for an estimated $1,137,567
- SOUND INCOME STRATEGIES, LLC added 79,119 shares (+7.6%) to their portfolio in Q3 2025, for an estimated $1,121,116
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PINE Analyst Ratings
Wall Street analysts have issued reports on $PINE in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Jones Trading issued a "Buy" rating on 10/27/2025
- Stifel issued a "Buy" rating on 07/25/2025
To track analyst ratings and price targets for $PINE, check out Quiver Quantitative's $PINE forecast page.
$PINE Price Targets
Multiple analysts have issued price targets for $PINE recently. We have seen 3 analysts offer price targets for $PINE in the last 6 months, with a median target of $17.5.
Here are some recent targets:
- Jason Weaver from Jones Trading set a target price of $19.0 on 10/27/2025
- Simon Yarmak from Stifel set a target price of $17.5 on 07/25/2025
- Michael Goldsmith from UBS set a target price of $15.0 on 07/16/2025
Full Release
WINTER PARK, Fla., Nov. 20, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the $20.7 million acquisition of three separately parceled properties (the “Properties”) located on 14 total acres in Richmond, Virginia. The Properties, totaling 177,441 square feet, are fully leased and anchored by a Walmart Supercenter (AA credit rating) situated on an 8-acre ground lease. The acquisition also includes a four-tenant, triple-net-leased building anchored by TJ Maxx (A credit rating) and an additional ground leased outparcel.
With this acquisition, Walmart becomes the Company’s fourth largest tenant, joining a portfolio led by investment grade-rated tenants Lowe’s (BBB+ credit rating) and Dick’s Sporting Goods (BBB credit rating). The acquisition also introduces the Company’s first TJ Maxx-branded store within its portfolio. Following this transaction, approximately 50% of the Company’s annualized base rent is now attributable to investment-grade rated tenants.
The property is located in a robust market trade area demonstrated by an average household income of $146,000 and population exceeding 200,000 within a five-mile radius.
About Alpine Income Property Trust, Inc.
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 diversified 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 http://www.alpinereit.com .
Safe Harbor
This press release may contain “forward-looking statements.” Forward-looking statements include statements that may be identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include general business and economic conditions, continued volatility and uncertainty in the credit markets and broader financial markets, risks inherent in the real estate business, including tenant defaults, potential liability relating to environmental matters, credit risk associated with the Company investing in first mortgage investments, illiquidity of real estate investments and potential damages from natural disasters, the impact of epidemics or pandemics on the Company’s business and the business of its tenants and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally, other factors affecting the Company’s business or the business of its tenants that are beyond the control of the Company or its tenants, and the factors set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
Contact:
Investor Relations
[email protected]
