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

WINTER PARK, Fla., Nov. 05, 2025 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (“PINE” or the “Company”) today announced the pricing of a public offering of 2,000,000 shares of the Company’s 8.00% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) at a public offering price of $25.00 per share. The Series A Preferred Stock will have a $25.00 per share liquidation preference. PINE expects to receive gross proceeds of $50,000,000 from the sale of the Series A Preferred Stock before deducting the underwriting discount and other estimated offering expenses. The Company has granted the underwriters an option for 30 days to purchase up to an additional 300,000 shares of the Series A Preferred Stock solely to cover over-allotments. The offering is expected to close on November 12, 2025, subject to customary closing conditions.