---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-001072"
form_type: "8-K"
ticker: "PINE"
cik: "0001786117"
company_name: "Alpine Income Property Trust, Inc."
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T20:43:47.771724+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PINE Q4 2022 FFO $0.37/share (-11.9% YoY), AFFO flat at $0.41; total revenues +22.4%

## Summary
- Q4 net income $4.86M ($0.34/share) vs $8.30M ($0.64) in prior year; decline from lower property sale gains.
- Q4 AFFO $5.76M ($0.41/share) vs $5.37M ($0.41); FFO $5.30M ($0.37) vs $5.44M ($0.42).
- Acquired 7 net lease properties for $41.7M at 7.4% cap; sold 5 for $31.4M at 6.5% cap, gains $6.6M.
- FY2022 acquired 51 properties for $187.4M at 7.1% cap; sold 16 for $154.6M at 6.5% cap, gains $33.8M.
- Investment-grade tenant exposure rose to 54% (from 45%); annual dividend raised 7.4% to $1.09/share.

## SEC filing metadata
- accession: 0001558370-23-001072
- form_type: 8-K
- ticker: PINE
- cik: 0001786117
- company_name: Alpine Income Property Trust, Inc.
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786117/000155837023001072/0001558370-23-001072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786117/000155837023001072/pine-20230209x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-001072
- JSON: https://secwatch.observer/filing/0001558370-23-001072.json
- Plain text: https://secwatch.observer/filing/0001558370-23-001072.txt

## Key facts
- Earnings Releases
  Alpine Income Property Trust, Inc. reported financial results for the quarter and year ended December 31, 2022.
  - Period: the quarter and year ended December 31, 2022
  - Result: reported results
  source text: On February 9, 2023, Alpine Income Property Trust, Inc., a Maryland corporation (the "Company"), issued an earnings press release and an investor presentation relating to the Company’s financial results for the quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786117/000155837023001072/0001558370-23-001072-index.htm

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