secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001558370-23-012015
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837023012015/0001558370-23-012015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837023012015/pine-20230720x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-012015

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