secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001558370-24-000898
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837024000898/0001558370-24-000898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837024000898/pine-20240208x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-000898

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