<img src="https://ml.globenewswire.com/Resource/Download/1d61cb85-c61a-40e1-ab6a-557e6cfea984?size=2" nborder="0" align="left" hspace="5" vspace="5" title="Alpine Logo-CMYK.jpg" alt="Alpine Income Property Trust"/>WINTER PARK, Fla., May 27, 2026 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.30 per share of common stock for the second quarter of 2026 (the “Common Stock Cash Dividend”). The Common Stock Cash Dividend represents an annualized yield of approximately 6.1% based on the closing price of the Company’s common stock on May 26, 2026. The Common Stock Cash Dividend is payable on June 30, 2026, to stockholders of record as of the close of business on June 11, 2026, and the ex-dividend date for the Common Stock Cash Dividend is June 11, 2026. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.50 per share of the Company’s 8.000% Series A Cumulative Redeemable Preferred Stock for the second quarter of 2026, to be paid on June 30, 2026, to stockholders of record as of the close of business on June 11, 2026. About Alpine Income Property Trust, Inc. Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants. The Company also complements its income property portfolio by strategically investing in a select portfolio of commercial loan investments intended to deliver an attractive risk-adjusted return. We encourage you to review our most recent investor presentation which is available on our website at <a href="https://www.globenewswire.com/Tracker?data=w02cSfCYGu_p3iWWOSw_gdFmW-x9TNB9bKhNU58L2xTTrgfVvX5jvngw5jJp18exrPhtUF6xbrfV-XjqojXeAF1TLMjXGTMd4S8QGm9Erxs=" rel="nofollow" target="_blank" title="">http://www.alpinereit.com</a> Safe Harbor This press release may contain “forward-looking statements.” Forward-looking statements include statements that may be identified by words such as “outlook,” “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include general business and economic conditions, continued volatility and uncertainty in the credit markets and broader financial markets, geopolitical conflicts, tariffs and international trade policies, risks inherent in the real estate business, including tenant or borrower defaults, potential liability relating to environmental matters, credit risk associated with the Company investing in commercial loans and investments, illiquidity of real estate investments and potential damages from natural disasters, the impact of epidemics or pandemics on the Company’s business and the businesses of its tenants and borrowers and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally, other factors affecting the Company’s business or the businesses of its tenants and borrowers that are beyond the control of the Company or its tenants or borrowers, and the factors set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. <pre>CONTACT: Contact:
Investor Relations
ir@alpinereit.com</pre> <img alt="" src='https://ml.globenewswire.com/media/ODA5YWM4NjUtODViMy00NWZiLTk3MzItNTVkNmIwNDQ2NmRjLTUwMDA2OTQ4Ni0yMDI2LTA1LTI3LWVu/tiny/Alpine-Income-Property-Trust.png' referrerpolicy='no-referrer-when-downgrade' />

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Alpine Income Property Trust Declares Dividends for the Second Quarter 2026

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