$PINE·8-K

Alpine Income Property Trust, Inc. · Apr 24, 4:18 PM ET

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Alpine Income Property Trust, Inc. 8-K

Research Summary

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Updated

Alpine Income Property Trust Adds Agents to $35M Preferred ATM Offering

What Happened

  • On April 24, 2026, Alpine Income Property Trust, Inc. (PINE) filed an 8-K announcing that it, its operating partnership and its manager entered into equity distribution agreements adding Cantor Fitzgerald & Co. and Huntington Securities, Inc. as additional sales agents for its previously announced at‑the‑market (ATM) preferred stock offering.
  • The offering covers the Company’s 8.00% Series A Cumulative Redeemable Preferred Stock (par $0.01; $25 liquidation preference per share) with an aggregate offering price of up to $35,000,000. The new agreements and amendments update existing distribution agreements to reflect Cantor’s and Huntington’s participation.

Key Details

  • Date filed: April 24, 2026 (Current Report on Form 8-K, Item 8.01).
  • Security: 8.00% Series A Cumulative Redeemable Preferred Stock; $25 liquidation preference per share.
  • Offering size: Up to $35,000,000 aggregate offering price, sold from time to time through the ATM program.
  • Action taken: New distribution agreements with Cantor Fitzgerald & Co. and Huntington Securities, Inc.; amendments to existing dealer agreements to add them as agents.

Why It Matters

  • The filing confirms the company has expanded its sales agent team for the preferred ATM program, which allows Alpine to issue and sell preferred shares over time up to $35M. That gives the company additional flexibility to raise capital as needed.
  • For investors, issuance of preferred shares through an ATM can affect the company’s capital structure and future distributions; the 8-K also notes this filing is not an offer to sell securities and sales will only occur where lawful.

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