Alpine Income Property Trust Signs $117.3M Deal for 13-Property Industrial Portfolio
PINE sits 37% above its 52-week low of $13.1.
Summary
A definitive agreement has been signed to acquire a 13-property industrial portfolio for $117.3 million, with closing expected in Q4 2026. The portfolio is 100% leased with a 10.2-year weighted average remaining lease term.
Key Events · M&A and Partnerships · PINE
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$117.3M Industrial Portfolio Acquisition
A Purchase and Sale Agreement was entered into on October 5, 2026, to acquire a 13-property industrial portfolio across 11 states for $117.3 million, or $63 per square foot.
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Portfolio Financials
The portfolio generated $4.6 million in lease income for the six months ended June 30, 2026, and $8.9 million for the year ended December 31, 2025, with minimal direct expenses.
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Tenant Concentration Risk
Tenant A accounts for 35.0% of total revenues for the six months ended June 30, 2026, and Tenant B accounts for 19.8%, representing significant concentration risk.
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Closing Timeline
The $1.0 million earnest money deposit became non-refundable on October 9, 2026, and closing is scheduled for November 2, 2026, subject to customary closing conditions.
Analysis · PINE · Real Estate & Construction
A definitive purchase agreement has been signed to acquire a 13-property industrial portfolio for $117.3 million, or $63 per square foot. The portfolio spans 1.9 million square feet across 11 states, is 100% leased to nine tenants under absolute triple-net leases with a weighted average remaining lease term of 10.2 years, and no lease expires before late 2031. The $1.0 million earnest money deposit became non-refundable on October 9, 2026, and the company now deems closing probable, with a scheduled closing date of November 2, 2026. Funding is expected to come through borrowings under the revolving credit facility, select dispositions, and commercial loan repayments. The portfolio generated $4.6 million in lease income for the six months ended June 30, 2026, and $8.9 million for the year ended December 31, 2025. Tenant concentration is notable: Tenant A accounts for 35.0% of total revenues, and Tenant B accounts for 19.8% for the six months ended June 30, 2026. The acquisition adds mission-critical manufacturing and distribution facilities at a low basis with long-term leases, but the closing remains subject to customary conditions.
How filings like this one have moved
In the 30 days to Oct 9, 2026, 28.2% of the 1631 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PINE was trading at $17.92 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $321.4M. The 52-week trading range was $13.10 to $21.99. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.