Alpine Income Property Trust

General Information
Business:

We are a newly organized real estate company that owns and operates a high-quality portfolio of single-tenant commercial properties. All of the properties in our initial portfolio are leased on a long-term basis and located primarily in or in close proximity to major MSAs and in growth markets and other markets in the United States with favorable economic and demographic conditions. Eighteen of the 20 properties in our initial portfolio, representing approximately 82% of our initial portfolio’s annualized base rent (as of September 30, 2019), are leased on a triple-net basis. Our properties are primarily leased to industry leading, creditworthy tenants, many of which operate in industries we believe are resistant to the impact of e-commerce. Our initial portfolio consists of 20 single-tenant, primarily net leased retail and office properties located in 15 markets in ten states, which we acquired from CTO in our formation transactions utilizing approximately $125.9 million of proceeds from this offering and the concurrent CTO private placement and 1,223,854 OP units that have an initial value of approximately $24.5 million based on the assumed public offering price of $20.00, which is the mid-point of the price range set forth on the front cover of this prospectus.

Industry: REAL ESTATE INVESTMENT TRUSTS
Employees: 0
Founded: 2019
Contact Information
Address 1140 N. Williamson Blvd., Suite 140, Daytona Beach, FL 32114, US
Phone Number (386) 274-2202
Web Address
View Prospectus: Alpine Income Property Trust
Financial Information
Market Cap $182.1mil
Revenues $14.8 mil (last 12 months)
Net Income $3.8 mil (last 12 months)
IPO Profile
Symbol PINE
Exchange NYSE
Shares (millions): 7.5
Price range $19.00 - $21.00
Est. $ Volume $150.0 mil
Manager / Joint Managers Raymond James/ Baird/ B. Riley FBR/ BMO Capital Markets
CO-Managers Janney Montgomery Scott/ D.A. Davidson
Expected To Trade: 11/22/2019
Day: Friday
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change