---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012015"
form_type: "8-K"
ticker: "PINE"
cik: "0001786117"
company_name: "Alpine Income Property Trust, Inc."
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:43:08.553621+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Alpine Q2 net income $0.01/sh; FFO $0.37 down 21%; acquires $60.5M properties

## Summary
- Net income per diluted share $0.01 vs $1.05 YoY; FFO per share $0.37 down 21.3%.
- Total revenues $11.44M, up 1.4% YoY; AFFO per share $0.37, also down 21.3%.
- Acquired 9 retail properties for $60.5M at 6.8% cap rate; sold 4 for $22.9M.
- Investment grade tenant exposure rose to 63% from 48% YoY.
- Board approved $15M stock repurchase program; quarterly dividend raised to $0.275/sh (1.9% increase).

## SEC filing metadata
- accession: 0001558370-23-012015
- form_type: 8-K
- ticker: PINE
- cik: 0001786117
- company_name: Alpine Income Property Trust, Inc.
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1786117/000155837023012015/0001558370-23-012015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786117/000155837023012015/pine-20230720x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012015
- JSON: https://secwatch.observer/filing/0001558370-23-012015.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012015.txt

## Key facts
- Earnings Releases
  Alpine Income Property Trust, Inc. reported the quarter ended June 30, 2023 results: revenue $ 11,439, net income $ 90, EPS $ 0.01.
  - Period: the quarter ended June 30, 2023
  - Revenue: $ 11,439
  - Net income: $ 90
  - EPS: $ 0.01
  - Result: reported results
  source text: Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Variance to Comparable Period in the Prior Year Total Revenues $ 11,439 $ 11,280 $ 159 1.4% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Income $ 90 $ 16,336 $ (16,246) (99.4%) Net Income Attributable to PINE $ 80 $ 14,282 $ (14,202) (99.4%) Net Income per Diluted Share Attributable to PINE $ 0.01 $ 1.05 $ (1.04) (99.1%)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786117/000155837023012015/0001558370-23-012015-index.htm

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