secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2022-03-25T23:59:59+00:00
Accession:  0001558370-22-004394
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpine Income Property Trust acquires 9 properties for $48.1M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837022004394/0001558370-22-004394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837022004394/pine-20220325x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-004394

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