Alpine Income Property Trust, Inc. (PINE): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how Alpine Income Property Trust, Inc. (PINE) carves its niche in the competitive real estate investment landscape? With a focus on single-tenant net leased properties, PINE has demonstrated resilience and strategic growth, reporting a total revenue of $48.9 million for the fiscal year 2024 and a net income of $7.9 million. Delve into this comprehensive overview to understand PINE's journey, from its inception and mission to its operational mechanics and revenue generation strategies.

Discover who steers this ship and how its unique approach to property investment sets it apart, especially noting its portfolio of 144 properties across 36 states as of December 31, 2024. Keen to learn how PINE navigates the complexities of the real estate market to deliver value to its shareholders?

Alpine Income Property Trust, Inc. (PINE) History

Alpine Income Property Trust, Inc. Founding Timeline

Year established

Alpine Income Property Trust, Inc. was established in 2019.

Original location

The company is headquartered in Daytona Beach, Florida.

Founding team members

While specific names of the founding team members are not always prominently featured in every public mention, the establishment and leadership of the company are attributed to the team at CTO Realty Growth, Inc. (formerly Consolidated-Tomoka Land Co.).

Initial capital/funding

Alpine Income Property Trust, Inc. was initially capitalized through a spin-off from CTO Realty Growth, Inc., with an initial portfolio of approximately $183.9 million in assets.

Alpine Income Property Trust, Inc.'s Evolution Milestones

Alpine Income Property Trust, Inc.'s Transformative Moments

• Spin-Off from CTO Realty Growth: The decision to spin off Alpine Income Property Trust, Inc. from CTO Realty Growth was transformative, allowing PINE to focus specifically on net lease retail properties and operate with greater autonomy.
• IPO and Public Listing: The successful completion of the IPO and listing on the New York Stock Exchange provided PINE with access to public capital markets, enabling it to fund acquisitions and grow its portfolio more rapidly.
• Strategic Acquisitions and Dispositions: Active management of the property portfolio through strategic acquisitions and dispositions has allowed PINE to enhance the quality and stability of its income stream.
• Focus on Net Lease Retail: Specializing in net lease retail properties has enabled PINE to develop expertise in this sector, attracting tenants with strong credit profiles and long-term leases.

To gain a deeper understanding of the company's financial standing, consider exploring: Breaking Down Alpine Income Property Trust, Inc. (PINE) Financial Health: Key Insights for Investors

Alpine Income Property Trust, Inc. (PINE) Ownership Structure

Understanding the ownership structure of Alpine Income Property Trust, Inc. (PINE) provides valuable insights into who controls the company and how it's governed. This information clarifies the company's public or private status and breaks down ownership percentages, offering transparency about the decision-making structure and stakeholder interests that drive company strategy. You can explore more about the company's goals and principles in this link: Mission Statement, Vision, & Core Values of Alpine Income Property Trust, Inc. (PINE).

Alpine Income Property Trust, Inc.'s Current Status

Alpine Income Property Trust, Inc. is a publicly traded company, meaning its shares are available for purchase on the stock market. As a publicly traded entity, it is subject to regulatory oversight and reporting requirements, ensuring a level of transparency for investors.

Alpine Income Property Trust, Inc.'s Ownership Breakdown

The ownership of Alpine Income Property Trust, Inc. is distributed among various types of shareholders, including institutional investors, individual investors, and company insiders. The following table summarizes the ownership breakdown:

Alpine Income Property Trust, Inc.'s Leadership

The leadership team of Alpine Income Property Trust, Inc. is responsible for setting the strategic direction of the company and overseeing its operations. As of April 2025, key members of the leadership team include:

• Daniel M. Lee: Chief Executive Officer and President
• Matthew M. Partridge: Chief Financial Officer, Treasurer and Secretary
• Farrell A. Virga: Chief Accounting Officer

Alpine Income Property Trust, Inc. (PINE) Mission and Values

Alpine Income Property Trust, Inc. aims to deliver consistent returns to its shareholders through investments in high-quality, net-leased commercial properties. Their values emphasize integrity, transparency, and a commitment to creating long-term value.

Alpine Income Property Trust, Inc.'s Core Purpose

Official mission statement

While Alpine Income Property Trust, Inc. doesn't have a single, explicitly stated official mission statement available in public filings, their core purpose can be inferred from their investment strategy and company objectives. Alpine Income Property Trust, Inc. focuses on:

• Investing in single-tenant net leased properties.
• Focusing on tenants in key industries.
• Generating reliable income for stockholders.

In essence, Alpine Income Property Trust, Inc.'s mission is to build and maintain a portfolio of stable, income-producing commercial properties, managed with financial discipline to provide consistent returns to investors. More information about the company's financial health can be found at: Breaking Down Alpine Income Property Trust, Inc. (PINE) Financial Health: Key Insights for Investors.

Vision statement

Alpine Income Property Trust, Inc.'s vision is to be a leading owner of high-quality net leased properties, recognized for its disciplined investment approach and commitment to delivering long-term value to shareholders. This includes:

• Expanding the portfolio with strategic acquisitions.
• Maintaining a high occupancy rate.
• Optimizing operational efficiency.

Company slogan/tagline

Alpine Income Property Trust, Inc. does not have a widely publicized official slogan or tagline. However, considering their business model and objectives, a fitting tagline might emphasize stability and reliability such as:

• 'Delivering Consistent Income Through Strategic Investments.'
• 'Your Net Lease Investment Partner.'
• 'Building Value, One Property at a Time.'

These potential taglines reflect the company's focus on providing stable income and long-term value through carefully selected net lease properties.

Alpine Income Property Trust, Inc. (PINE) How It Works

Alpine Income Property Trust, Inc. (PINE) operates as a real estate investment trust (REIT) that focuses on acquiring, owning, and operating single-tenant net leased commercial properties, primarily leased to high-quality, publicly traded, and credit-rated tenants. This strategy aims to deliver attractive risk-adjusted returns and dependable dividends.

Alpine Income Property Trust's Product/Service Portfolio

Alpine Income Property Trust's Operational Framework

Alpine Income Property Trust creates value through a focused operational approach:

• Property Acquisition: PINE strategically acquires single-tenant net leased properties, emphasizing high-quality assets in prime locations. In 2024, the company acquired 12 properties for $103.6 million.
• Net Lease Structure: The company employs a net lease model, where tenants cover most property-related expenses, ensuring a consistent and predictable revenue stream.
• Capital Management: PINE actively manages its capital structure, utilizing debt and equity to fund acquisitions and investments. In the first quarter of 2025, the company repurchased 273,825 shares of common stock at a weighted average price of $16.33 per share, for a total cost of $4.5 million.
• Portfolio Management: PINE actively manages its portfolio through strategic property sales and reinvestment of proceeds into higher-yielding assets. In 2024, the company sold 15 properties for $62.0 million.
• Risk Management: The company implements rigorous due diligence processes and ongoing monitoring to minimize market, tenant, and property-specific risks.

To delve deeper into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of Alpine Income Property Trust, Inc. (PINE).

Alpine Income Property Trust's Strategic Advantages

Alpine Income Property Trust maintains its competitive edge through several key advantages:

• Focus on Single-Tenant Net Lease Properties: Specialization in this niche market allows for efficient operations and in-depth market knowledge.
• High-Quality Tenant Base: Predominantly leases to publicly traded and credit-rated tenants, reducing the risk of tenant default.
• Diversified Portfolio: The company's portfolio includes 134 commercial net lease properties across 35 states as of February 2025, mitigating geographic and tenant concentration risks.
• Experienced Management Team: External management by Alpine Income Property Manager, LLC, a wholly-owned subsidiary of CTO Realty Growth, Inc., provides experienced leadership.
• Access to Capital: As a publicly traded REIT, PINE has access to various capital sources, enabling it to fund acquisitions and growth initiatives.

In 2024, Alpine Income Property Trust reported total revenues of $52.23 million, reflecting a 14.42% increase from the previous year.

Alpine Income Property Trust, Inc. (PINE) How It Makes Money

Alpine Income Property Trust, Inc. primarily generates revenue by leasing its portfolio of single-tenant commercial properties to a diverse range of tenants, collecting rental income, and strategically managing and growing its real estate investments.

Alpine Income Property Trust, Inc.'s Revenue Breakdown

As of fiscal year 2024, the majority of Alpine Income Property Trust, Inc.'s revenue comes from rental income.

Alpine Income Property Trust, Inc.'s Business Economics

• Lease Structure: The company focuses on net lease agreements, meaning tenants are responsible for property taxes, insurance, and maintenance, reducing Alpine Income Property Trust, Inc.'s operating expenses and providing a more predictable income stream.
• Tenant Diversification: Alpine Income Property Trust, Inc. aims to maintain a diverse tenant base across various industries to mitigate the risk associated with any single tenant or sector.
• Property Acquisitions: Growth is achieved through strategic acquisitions of high-quality, single-tenant properties that meet specific investment criteria.
• Rental Rate Escalations: Many leases include built-in annual rental rate increases, contributing to organic revenue growth.

Alpine Income Property Trust, Inc.'s Financial Performance

• For the fiscal year 2024, Alpine Income Property Trust, Inc. reported total revenue of $51.9 million, which represents a 1.2% decrease compared to total revenue of $52.5 million for the year ended December 31, 2023.
• Net income attributable to common stockholders for the year ended December 31, 2024 was approximately $3.3 million, or $0.20 per share, compared to approximately $7.5 million, or $0.46 per share for the year ended December 31, 2023.
• Occupancy Rate: Maintaining a high occupancy rate is crucial for consistent revenue generation.
• Funds From Operations (FFO): A key metric for REITs, FFO reflects the cash flow generated from operations and is used to assess dividend-paying ability.

To gain more insights into the company's investors, check out this article: Exploring Alpine Income Property Trust, Inc. (PINE) Investor Profile: Who’s Buying and Why?

Alpine Income Property Trust, Inc. (PINE) Market Position & Future Outlook

Alpine Income Property Trust, Inc. is strategically positioned in the net lease real estate sector, with a focus on single-tenant commercial properties. The company aims to deliver consistent returns through strategic property acquisitions and active asset management, navigating a competitive landscape with both opportunities and challenges.

Competitive Landscape

Opportunities & Challenges

Industry Position

Alpine Income Property Trust operates within the competitive net lease REIT sector. Here's a snapshot of their industry standing:

• Focused Niche: Specializing in single-tenant, net lease properties allows for targeted expertise and management.
• Growth Potential: Relative to larger, more established REITs, Alpine has significant room to grow its portfolio and market share.
• Strategic Alignment: Aligning property acquisitions with broader economic trends and tenant financial health is crucial for sustained success.

To gain more insight into the company's guiding principles, explore: Mission Statement, Vision, & Core Values of Alpine Income Property Trust, Inc. (PINE).