Company Description
Alpine Income Property Trust, Inc. (the “Company” or “PINE”) is a real estate investment trust (“REIT”) that owns and operates a high-quality portfolio of commercial net lease properties.
The terms “us,” “we,” “our,” and “the Company” as used in this report refer to Alpine Income Property Trust, Inc. together with our consolidated subsidiaries.
Our income property portfolio consists of 134 net leased properties located in 35 states. The properties in our portfolio are primarily subject to long-term, net leases, which generally require the tenant to pay directly or reimburse us for property operating expenses such as real estate taxes, insurance, assessments and other governmental fees, utilities, repairs and maintenance and certain capital expenditures.
The Company may also acquire or originate commercial loans and investments. Our investments in commercial loans are generally secured by real estate or the borrower’s pledge of its ownership interest in an entity that owns real estate.
As more fully described in Note 4, “Commercial Loans and Investments,” the three Tampa Properties (defined in Note 4 below), which were purchased during the year ended December 31, 2024 through a sale-leaseback transaction that includes a tenant repurchase option are, for GAAP purposes, accounted for as a financing arrangement.
However, as the Tampa Properties constitute real estate assets for both legal and tax purposes, we include the Tampa Properties in the property portfolio when describing our property portfolio and for purposes of providing statistics related thereto.
The Company operates in two primary business segments: income properties and commercial loans and investments.
The Company has no employees and is externally managed by Alpine Income Property Manager, LLC, a Delaware limited liability company and a wholly owned subsidiary of CTO Realty Growth, Inc. (our “Manager”).
CTO Realty Growth, Inc. (NYSE: CTO) is a Maryland corporation that is a publicly traded REIT and the sole member of our Manager (“CTO”).
All of our executive officers also serve as executive officers of CTO, and one of our executive officers and directors, John P.
Albright, also serves as an executive officer and director of CTO.
| Country | United States |
| Founded | 2019 |
| IPO Date | Nov 22, 2019 |
| Industry | REIT - Retail |
| Sector | Real Estate |
| CEO | John Albright |
Contact Details
Address: 369 North New York Avenue, Suite 201 Winter Park, Florida 32789 United States | |
| Phone | 386 274 2202 |
| Website | alpinereit.com |
Stock Details
| Ticker Symbol | PINE |
| Exchange | NYSE |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| IPO Price | $19.00 |
| CIK Code | 0001786117 |
| CUSIP Number | 02083X103 |
| ISIN Number | US02083X1037 |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| John P. Albright | President, Chief Executive Officer and Director |
| Philip R. Mays CPA | Senior Vice President, Chief Financial Officer and Treasurer |
| Steven Robert Greathouse | Senior Vice President and Chief Investment Officer |
| Lisa M. Vorakoun | Senior Vice President and Chief Accounting Officer |
| Daniel E. Smith Esq. | Senior Vice President, General Counsel and Corporate Secretary |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| May 23, 2025 | 8-K | Current Report |
| Apr 24, 2025 | 10-Q | Quarterly Report |
| Apr 24, 2025 | 8-K | Current Report |
| Apr 17, 2025 | SCHEDULE 13G/A | Filing |
| Apr 8, 2025 | ARS | Filing |
| Apr 8, 2025 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Apr 8, 2025 | DEF 14A | Other definitive proxy statements |
| Feb 24, 2025 | 144 | Filing |
| Feb 6, 2025 | 10-K | Annual Report |
| Feb 6, 2025 | 8-K | Current Report |