Alpine Income Property Trust, Inc. (NYSE: PINE) raises full-year 2025 outlook and increases investment guidance to $200 – $230 million. Operating results show total revenues of $14,563 for the third quarter of 2025, with a net loss of $1,310 attributed to PINE. Investment activity includes $49,720 in total investments for the quarter.

The company’s property portfolio consists of 128 properties with 4.1 million square feet and an annualized base rent of $46.3 million. 48% of the ABR is attributable to investment-grade rated tenants, with an occupancy rate of 99.4%. Disposition activity shows $6,152 in total dispositions for the quarter, including the sale of a property leased to Kohl’s for $12.0 million.

Recent transactions include the acquisition of a four-property portfolio for $3.8 million, a new first mortgage loan investment in Austin, Texas, and an investment in a mixed-use development in North Carolina. The company also sold a Walgreens location for $5.5 million, with closing expected before year-end. Subsequent to September 30, 2025, Alpine Income Property Trust continues to actively manage its portfolio through strategic acquisitions and dispositions. The Company’s property portfolio includes top tenants like Lowe’s, Dicks Sporting Goods, and Walgreens, representing 2.0% or more of total ABR. Industries like Sporting Goods and Home Improvement make up a significant portion of the Company’s total ABR. Properties in states like Florida, New Jersey, and Texas contribute to the Company’s total ABR.

As of September 30, 2025, the Company had a Net Debt / Total Enterprise Value of 62.1%. The Revolving Credit Facility has commitments up to $250.0 million, with $158.5 million outstanding. The Company’s long-term debt includes a Revolving Credit Facility, 2026 Term Loan, and 2027 Term Loan.

The Company holds a 92.0% interest in Alpine Income Property OP, LP, with a total of 15,382,044 outstanding common stock and OP Units. Dividends for the three and nine months ended September 30, 2025, were $0.285 and $0.855 per share, respectively. The Company’s 2025 FFO and AFFO per share guidance range has been increased.

The Company’s 2025 outlook includes total investments of $200 to $230 million and total dispositions of $50 to $70 million. The revised outlook for 2025 estimated Net Loss per Diluted Share to estimated FFO and AFFO per Diluted Share includes adjustments for Depreciation and Amortization, Provision for Impairment, and Gain on Disposition of Assets.

The Company will host a conference call on October 24, 2025, to present its operating results for the third quarter. A live webcast of the call will be available on the Company’s website. Participants are encouraged to dial in at least fifteen minutes before the scheduled start time. A replay of the earnings call will be archived online through the Investor Relations section of the Company’s website. Alpine Income Property Trust (NYSE: PINE) is a real estate investment trust that focuses on owning single tenant net leased commercial properties leased to high-quality tenants. Investors can find more information on their website.

Forward-looking statements in their press release caution potential risks from market conditions, economic factors, and uncertainties that could impact the company’s results. Non-GAAP financial measures like FFO, AFFO, and Pro Forma Adjusted EBITDA are used to assess performance and compare with industry standards. These measures provide insights beyond standard GAAP financial reporting. Alpine Income Property Trust, Inc. reported financial measures excluding cash interest expense from Pro Forma Adjusted EBITDA. FFO is used to compare operating performance between periods, excluding real estate depreciation and amortization. AFFO and Pro Forma Adjusted EBITDA are additional measures to assess operating performance accurately. Definitions include ABR, In-Place Cash Base Rent, and Credit Rated Tenant. Weighted Average Remaining Lease Term is weighted by ABR.

Alpine Income Property Trust, Inc.’s Consolidated Balance Sheets show total assets of $621,424 as of September 30, 2025. Liabilities amount to $376,207, with Equity at $245,217. The Consolidated Statements of Operations for the three months ended September 30, 2025, show Lease Income of $12,122 and a Net Loss of $1,423. Dividends Declared and Paid were $0.285.

Non-GAAP Financial Measures for Alpine Income Property Trust, Inc. show Funds From Operations of $7,135 for the three months ended September 30, 2025. Adjusted Funds From Operations were $7,128. FFO per Diluted Share was $0.46, and AFFO per Diluted Share was $0.46. The Reconciliation of Net Debt to Pro Forma Adjusted EBITDA shows a Net Debt to Pro Forma Adjusted EBITDA ratio of 7.7x. 1. The stock market experienced a significant drop today, with the S&P 500 falling by 3.1% and the Dow Jones Industrial Average closing down by 800 points. This decline was attributed to concerns about rising inflation and the ongoing trade war with China.

2. A new study published in the Journal of the American Medical Association found that regular exercise can reduce the risk of developing depression by up to 26%. The study also highlighted the importance of physical activity in maintaining good mental health.

3. The United Nations reported that over 821 million people worldwide are suffering from chronic hunger, with the majority of them living in developing countries. This number represents an increase from last year, signaling a need for more effective strategies to combat food insecurity on a global scale.

Read more at GlobeNewswire: Alpine Income Property Trust Reports Third Quarter 2025