PINE

Alpine Income Property Trust, Inc. operates as a real estate investment trust (REIT) specializing in single-tenant commercial properties net leased to high-quality tenants. Headquartered in Daytona Beach, Florida, the company focuses on acquiring, owning, and managing a diversified portfolio of predominantly service-oriented and traditional retail properties across the United States. PINE's portfolio consists of properties leased to tenants in sectors including convenience stores, restaurants, automotive services, financial services, and general retail. The company targets properties in growing suburban markets with strong demographics, typically ranging from $2 million to $15 million in value. As of recent reporting, Alpine Income Property Trust owns approximately 130 properties across more than 30 states, with a total gross leasable area exceeding 2.5 million square feet. The REIT maintains long-term triple-net lease agreements with its tenants, where lessees assume responsibility for property taxes, insurance, and maintenance expenses. Alpine Income Property Trust was formed in 2019 through a spin-off from CTO Realty Growth and became publicly traded on the New York Stock Exchange. The company employs a conservative capital allocation strategy focused on acquiring necessity-based retail and service properties with resilient tenant profiles, emphasizing steady income generation and maintaining a balanced portfolio across geographic regions and industry sectors.