secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0001558370-21-013359
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpine Income Property Trust Q3 FFO $0.37, dividend up 27.5% to $0.255/share
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- Net income attributable to PINE per diluted share $0.07; FFO $0.37 (+5.7% YoY); AFFO $0.37 (+8.8% YoY).
- Total revenues $8.17M, up 60.2% YoY; net income $1.06M, up 66% YoY.
- Acquired 19 net-lease properties for $55.4M at 6.8% cap rate; sold one for $3.8M at 5.5% cap.
- Entered new 5-year $80M unsecured term loan at 1.83% fixed, maturing Jan 2027.
- Paid Q3 dividend $0.255/share, up 27.5% YoY; annualized yield 5.4% based on Oct 20 close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837021013359/0001558370-21-013359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837021013359/pine-20211021x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-013359

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