---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000898"
form_type: "8-K"
ticker: "PINE"
cik: "0001786117"
company_name: "Alpine Income Property Trust, Inc."
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:45:30.966867+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PINE reports Q4 2023 FFO $0.37/share, AFFO $0.38; net income down 93% YoY on lower gains

## Summary
- Q4 2023 FFO $0.37 per share (flat YoY); AFFO $0.38 per share (down $0.03 YoY).
- Q4 net income $0.02 per diluted share, down from $0.34 YoY due to lower disposition gains.
- Full year 2023 FFO $1.47, AFFO $1.49 per diluted share; dividend $1.10 fully covered.
- Acquired 14 properties for $82.9M at 7.4% cap rate; originated $38.6M first mortgage commitments at 9.1% yield.
- Repurchased 899K shares at $16.23 avg price ($14.6M); investment grade tenant exposure rose to 65% from 54%.

## SEC filing metadata
- accession: 0001558370-24-000898
- form_type: 8-K
- ticker: PINE
- cik: 0001786117
- company_name: Alpine Income Property Trust, Inc.
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1786117/000155837024000898/0001558370-24-000898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786117/000155837024000898/pine-20240208x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000898
- JSON: https://secwatch.observer/filing/0001558370-24-000898.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000898.txt

## Key facts
- Earnings Releases
  Alpine Income Property Trust, Inc. reported for the year ended December 31, 2023 results: net income $0.19 per diluted share attributable to the Company.
  - Period: for the year ended December 31, 2023
  - Net income: $0.19 per diluted share attributable to the Company
  - Result: reported results
  source text: Reported Net Income per diluted share attributable to the Company of $0.19 for the year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1786117/000155837024000898/0001558370-24-000898-index.htm

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