---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-013369"
form_type: "8-K"
ticker: "PINE"
cik: "0001786117"
company_name: "Alpine Income Property Trust, Inc."
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:24:36.979646+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PINE Q3 net income $0.21/sh; FFO $0.45/sh +21.6% YoY; raises guidance

## Summary
- Total revenues $13.48M, up 16.6% YoY; net income $3.08M attributable vs. loss $0.84M.
- FFO per diluted share $0.45 (+21.6%); AFFO $0.44 (+15.8%); dividend raised to $0.28/sh.
- Acquired 4 net-lease retail properties for $37.5M at 8.8% cap; sold 8 for $48.6M at 6.8% cap.
- FY 2024 FFO guidance raised to $1.67–$1.69; AFFO guidance raised to $1.69–$1.71 per share.
- Raised $11.1M net via ATM; funded $10.0M of $17.8M construction loan at 10.25% interest.

## SEC filing metadata
- accession: 0001558370-24-013369
- form_type: 8-K
- ticker: PINE
- cik: 0001786117
- company_name: Alpine Income Property Trust, Inc.
- filed_at: 2024-10-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1786117/000155837024013369/0001558370-24-013369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786117/000155837024013369/pine-20241017x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-013369
- JSON: https://secwatch.observer/filing/0001558370-24-013369.json
- Plain text: https://secwatch.observer/filing/0001558370-24-013369.txt

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