 DAYTONA BEACH, Fla., June 03, 2021 GLOBE NEWSWIRE -- Alpine Income Property Trust, Inc. NYSE: PINE the Company today announced the pricing of an underwritten public offering of 2,800,000 shares of its common stock. The underwriters have been granted a 30-day option to purchase up to an additional 420,000 shares of the Companys common stock. The offering is expected to close on June 7, 2021 and is subject to customary closing conditions. Total estimated gross proceeds of the offering are approximately 49.8 million or approximately 57.3 million if the underwriters exercise their option to purchase additional shares in full. 