---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-004394"
form_type: "8-K"
ticker: "PINE"
cik: "0001786117"
company_name: "Alpine Income Property Trust, Inc."
filed_at: "2022-03-25T23:59:59+00:00"
generated_at: "2026-06-26T17:34:28.239760+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alpine Income Property Trust acquires 9 properties for $48.1M

## Summary
- Nine net-lease properties in six states acquired from private family office for $48.1M; funded via credit facility.
- Portfolio generated $3.565M lease income and $3.308M net income in 2021 (audited).
- CVS and Walgreens account for 10.1% and 89.9% of portfolio revenue, respectively.
- Pro forma: acquisition would add $0.06 diluted EPS to 2021 results; incremental interest expense of $0.9M.

## SEC filing metadata
- accession: 0001558370-22-004394
- form_type: 8-K
- ticker: PINE
- cik: 0001786117
- company_name: Alpine Income Property Trust, Inc.
- filed_at: 2022-03-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786117/000155837022004394/0001558370-22-004394-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786117/000155837022004394/pine-20220325x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-004394
- JSON: https://secwatch.observer/filing/0001558370-22-004394.json
- Plain text: https://secwatch.observer/filing/0001558370-22-004394.txt

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