---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-047698"
form_type: "8-K"
ticker: "PINE"
cik: "0001786117"
company_name: "Alpine Income Property Trust, Inc."
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:35:59.006410+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Alpine Q1 net income $2.2M; raises 2026 AFFO guidance to $2.11-$2.15

## Summary
- Net income attributable to PINE of $2.2M ($0.06/diluted share) vs loss of $1.2M in Q1 2025.
- AFFO per diluted share $0.53 vs $0.44 year-over-year, a 20.5% increase.
- Completed $74M of gross investment activity at 14% blended initial yield.
- Raised 2026 investment guidance to $170M-$200M; AFFO guidance raised to $2.11-$2.15 per share.
- Issued $36.2M of common and preferred equity via ATM programs in Q1 2026.

## SEC filing metadata
- accession: 0001104659-26-047698
- form_type: 8-K
- ticker: PINE
- cik: 0001786117
- company_name: Alpine Income Property Trust, Inc.
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786117/000110465926047698/0001104659-26-047698-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786117/000110465926047698/pine-20260423x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-047698
- JSON: https://secwatch.observer/filing/0001104659-26-047698.json
- Plain text: https://secwatch.observer/filing/0001104659-26-047698.txt

## Key facts
- Earnings Releases
  Alpine Income Property Trust, Inc. reported the three months ended March 31, 2026 results: revenue $ 18,406, net income $ 2,185, EPS $ 0.06. Guidance raised.
  - Period: the three months ended March 31, 2026
  - Revenue: $ 18,406
  - Net income: $ 2,185
  - EPS: $ 0.06
  - Guidance: raised
  - Result: reported results
  source text: Operating results for the three months ended March 31, 2026 and 2025 (dollars in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ March 31, 2026 ​ March 31, 2025 Total Revenues ​ $ 18,406 ​ $ 14,206 Net Income (Loss) Attributable to PINE ​ $ 2,185 ​ $ (1,179) Net Income (Loss) per Diluted Share Attributable to PINE ​ $ 0.06 ​ $ (0.08)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786117/000110465926047698/0001104659-26-047698-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.