---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016545"
form_type: "8-K"
ticker: "PINE"
cik: "0001786117"
company_name: "Alpine Income Property Trust, Inc."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:00:14.868258+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PINE Q3 net loss ($0.05)/share; FFO -7.5%; guidance lowered on tenant bankruptcy, higher borrowing costs

## Summary
- Net loss per diluted share ($0.05) vs prior-year income $0.72; revenue flat at $11.6M.
- FFO per share $0.37 (-7.5% YoY); AFFO $0.38 (-9.5% YoY).
- Acquired 3 retail properties at 9.0% cap; sold 8 at 6.3% cap, generating $2.6M gains.
- Repurchased 280K shares for $4.7M at avg $16.78; dividend unchanged at $0.275/sh.
- Guidance reduced citing slower investment timing, a tenant bankruptcy, and increased borrowing costs.

## SEC filing metadata
- accession: 0001558370-23-016545
- form_type: 8-K
- ticker: PINE
- cik: 0001786117
- company_name: Alpine Income Property Trust, Inc.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786117/000155837023016545/0001558370-23-016545-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786117/000155837023016545/pine-20231019x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016545
- JSON: https://secwatch.observer/filing/0001558370-23-016545.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016545.txt

## Key facts
- Earnings Releases
  Alpine Income Property Trust, Inc. reported the quarter ended September 30, 2023 results: revenue $11,559, net income $(939), EPS $(0.05). Guidance reaffirmed.
  - Period: the quarter ended September 30, 2023
  - Revenue: $11,559
  - Net income: $(939)
  - EPS: $(0.05)
  - Guidance: reaffirmed
  - Result: reported results
  source text: thousands, except per share data): ​ Three Months Ended September 30, 2023 Three Months Ended September 30, 2022 Variance to Comparable Period in the Prior Year Total Revenues $ 11,559 $ 11,520 $ 39 0.3% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Income (Loss) $ (939) $ 11,170 $ (12,109) (108.4%) Net Income (Loss) Attributable to PINE $ (837) $ 9,770 $ (10,607) (108.6%) Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786117/000155837023016545/0001558370-23-016545-index.htm

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