Alpine Income Property reports annual investment activity of $277.7M

Alpine Income Property (PINE) Trust announced its investment and disposition activities for the full fourth quarter and full year 2025. During Q4 and FY25, the Company completed the following transactions: Investments: Since the prior transaction update on December 1, the Company originated two new structured investments totaling $33.5M in loan commitments at a weighted average initial cash yield of 12%. $20M first mortgage loan, fully funded at close, with an initial yield of 12%, secured by a mixed-use development in Fairfax Country, Virginia. $13.5M first mortgage loan commitment with an initial yield of 12%, secured by a mixed-use redevelopment in Denver, Colorado. Total Q4 investment activity includes $142.1M of acquisitions and structured investment transactions representing a weighted average initial cash yield of 11.7%. FY25 investment activity includes $277.7M of acquisitions and structured investment transactions representing a weighted average initial cash yield of 10.3% and setting a new annual record. Dispositions: Since the prior transaction update on December 1, the Company sold five net lease properties for an aggregate sale price of $15.3M at a weighted average exit cash cap rate of 8.1%, leased to O’Reilly Auto Parts, Family Dollar, Chipotle, and Walgreens. Total Q4 disposition activity of $48.4M, including $38.4M of income-producing asset sales at a weighted average exit cash cap rate of 7.7% and one $10M structured investment participation interest sale. FY25 disposition activity of $82.8M, including $67.5M of income-producing asset sales at a weighted average exit cash cap rate of 8%, $5.3M of vacant properties and one $10M structured investment participation interest. As of December 31, the Company’s property portfolio was 99.4% occupied, with a weighted average remaining lease term of 8.4 years, and with 51% of annualized base rent attributable to investment grade rated tenants.