secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2024-10-17T23:59:59+00:00
Accession:  0001558370-24-013369
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837024013369/0001558370-24-013369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837024013369/pine-20241017x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013369

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