secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001558370-22-005744
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpine Income Property Trust Q1 FFO per share $0.49, up 16.7% YoY; revenue $10.8M, up 83%
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- FFO per diluted share $0.49, up 16.7% YoY; AFFO per share $0.48, up 9.1%.
- Total revenues $10.8M, up 83.3% YoY; net income $924k, up 80.8%.
- Acquired 16 net lease retail properties for $65.5M at 6.9% weighted avg cap rate.
- Paid Q1 dividend $0.27/share, up 12.5% YoY (annualized yield 5.6%).
- Exercised accordion on term loans for $60M, used to pay down revolver; sold office property for $38.8M (gain $7.0M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837022005744/0001558370-22-005744-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837022005744/pine-20220421x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-005744

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