secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K/A
Filed at:   2022-01-05T23:59:59+00:00
Accession:  0001558370-22-000075
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpine Income Property Trust provides audited financials for $43.5M Houston ground lease portfolio acquisition
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- Acquired nine ground-leased retail parcels in Houston for $43.5M from private family office; funded with cash and credit facility.
- Historical lease income $2.313M (2020), $1.863M (9mo 2021); net income $2.021M, $1.652M.
- Tenant concentration: Lowe's 30-32%, Rooms to Go 22-23%, Charles Schwab 12-13% of total revenue.
- Pro forma net income attributable to Alpine: $2.984M (2020), $2.779M (9mo 2021) after adjusting for all 2021 acquisitions.
- Minimum future rental receipts under non-cancelable leases total $18.155M as of Sep 30, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837022000075/0001558370-22-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837022000075/pine-20211222x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-000075

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