secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2026-10-09T20:30:20+00:00
Accession:  0001104659-26-115058
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Alpine Income Property Trust to acquire 13-property industrial portfolio for $117.3M; deposit now non-refundable
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- PSA signed October 5, 2026 for 13 industrial properties across 11 states; total purchase price $117.3 million, subject to closing prorations; closing expected in Q4 2026.
- The $1.0 million earnest money deposit became non-refundable on October 9, 2026, and the company now deems closing probable, though closing conditions are not yet satisfied.
- Portfolio lease income was $4.6 million and net income $4.5 million for the six months ended June 30, 2026; FY2025 lease income was $8.9 million with net income of $8.7 million.
- Pro forma FY2025 net loss attributable to common stockholders deepened to $(5.7)M, or $(0.37) diluted, from $(0.21); pro forma long-term debt rises $117.9M to $485.4M assuming revolver funding.
- Tenant A is 35.0% of portfolio revenue (Tenant B 19.8%, Tenant C 10.3%); Pennsylvania, Arkansas and Florida are 18.5%, 13.3% and 12.1% of square footage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000110465926115058/0001104659-26-115058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000110465926115058/pine-20261005x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-115058

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