secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001558370-23-016545
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837023016545/0001558370-23-016545-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837023016545/pine-20231019x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016545

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