secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0001558370-22-010879
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PINE Q2 2022 net income $1.05/diluted share, FFO up 23.7% YoY to $0.47
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- Net income attributable to PINE of $14.3M ($1.05/diluted share) vs $0.3M ($0.03) in Q2 2021.
- FFO per diluted share $0.47, up 23.7% YoY; AFFO per diluted share $0.47, up 20.5% YoY.
- Acquired 19 retail properties for $43.6M at 7.0% cap rate; sold 5 properties for $72.8M.
- Quarterly dividend increased 8% to $0.27/share, implying 6.0% annualized yield.
- Company raised full-year 2022 earnings guidance, citing strong capital recycling.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837022010879/0001558370-22-010879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837022010879/pine-20220721x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-010879

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