Alpine Income Property Trust (PINE) announced today the launch of a public offering of its Series A Cumulative Redeemable Preferred Stock, with a $25.00 per share liquidation preference. The new equity vehicle is designed to raise capital that can be deployed across a range of corporate initiatives, including property acquisitions, commercial loan and investment opportunities, and repayment of existing debt.
The company plans to list the Series A Preferred Stock on the New York Stock Exchange under the ticker symbol “PINE‑PA.” Raymond James, Stifel and Baird have been appointed as joint book‑running managers for the offering, underscoring the firm’s confidence in the market demand for PINE’s preferred equity. The offering will be executed through a prospectus supplement and accompanying prospectus, with the proceeds earmarked for general corporate and working‑capital needs.
This financing move represents a strategic shift for PINE, providing a flexible source of capital that complements its barbell investment strategy. By raising preferred equity, the company can support its growth initiatives without diluting existing shareholders, while also strengthening its balance sheet to fund future acquisitions and loan origination activities. The announcement signals PINE’s intent to maintain a robust capital structure as it continues to expand its portfolio of high‑quality net‑lease properties and high‑yield commercial loans.
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