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Stock impact report

Alpine Income Property Trust Announces $32.0 Million First Mortgage Loan Investment

Alpine Income Property Trust, Inc. (PINE) 
Last alpine income property trust, inc. earnings: 4/27 04:22 pm Check Earnings Report
Company Research Source: GlobeNewswire
WINTER PARK, Fla., March 05, 2026 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) today announced the origination of a $32.0 million first mortgage loan investment (the “Loan”), of which $8.6 million was funded at close. The Loan carries a 24-month term with an interest rate of 13.00%, inclusive of 1.5% paid-in-kind interest, stepping down to 11.50% current pay upon the borrower’s satisfaction of certain conditions. The Loan will fund the development of an 11-acre, 101,000-square-foot retail center with national investment grade tenants and three outparcels, all of which constitute the Company’s collateral. The retail center also includes a 128,500-square-foot Target currently in development and is adjacent to an existing Publix, creating a varied merchandising mix. The development is located within the 180-acre Covington Town Center master plan in Newton County, Georgia, approximately 35 miles from Atlanta and Hartsfield-Jackson International Ai Show less Read more
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