secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001558370-23-006329
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alpine Income Trust Q1 FFO down 26.5% to $0.36; net income up on property sales
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- Net income attributable to PINE of $3.3M ($0.21/diluted share), up 314% YoY due to $4.5M gains on property sales.
- FFO per diluted share $0.36 (down 26.5% YoY); AFFO per share $0.36 (down 25% YoY).
- Total revenues $11.2M, up 3.4% YoY.
- Sold 10 net lease properties for $56.2M at 6.1% exit cap rate; investment-grade tenant exposure rose to 58%.
- Dividend declared $0.275/share, up 1.9% YoY; no floating-rate debt and no maturities until 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837023006329/0001558370-23-006329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837023006329/pine-20230420x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006329

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer