secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001558370-23-001072
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837023001072/0001558370-23-001072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837023001072/pine-20230209x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-001072

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