Alpine Income Property Trust to acquire 13-property industrial portfolio for $117.3M; deposit now non-refundable

Alpine Income Property Trust, Inc.

PSA signed October 5, 2026 for 13 industrial properties across 11 states; total purchase price $117.3 million, subject to closing prorations; closing expected in Q4 2026.
The $1.0 million earnest money deposit became non-refundable on October 9, 2026, and the company now deems closing probable, though closing conditions are not yet satisfied.
Portfolio lease income was $4.6 million and net income $4.5 million for the six months ended June 30, 2026; FY2025 lease income was $8.9 million with net income of $8.7 million.
Pro forma FY2025 net loss attributable to common stockholders deepened to $(5.7)M, or $(0.37) diluted, from $(0.21); pro forma long-term debt rises $117.9M to $485.4M assuming revolver funding.
Tenant A is 35.0% of portfolio revenue (Tenant B 19.8%, Tenant C 10.3%); Pennsylvania, Arkansas and Florida are 18.5%, 13.3% and 12.1% of square footage.

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