---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-000686"
form_type: "8-K"
ticker: "PINE"
cik: "0001786117"
company_name: "Alpine Income Property Trust, Inc."
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:45:09.319396+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PINE Q4 AFFO $0.44/share; dividend raised to $0.285 quarterly; 17% AFFO growth in 2024

## Summary
- Q4 net loss $0.06/diluted share; FFO $0.44, AFFO $0.44 per share.
- Full-year 2024 AFFO per share $1.74 (up 16.8% YoY); total revenues $52.2M (14% increase).
- Closed $134.7M in investments at 8.7% cash yield; sold $75.6M at 7.1% cap rate.
- Q1 2025 dividend increased to $0.285/share (annualized $1.14); AFFO payout ratio 64%.
- Reduced Walgreens exposure; weighted average lease term extended to 8.7 years; net debt/EBITDA 7.4x.

## SEC filing metadata
- accession: 0001558370-25-000686
- form_type: 8-K
- ticker: PINE
- cik: 0001786117
- company_name: Alpine Income Property Trust, Inc.
- filed_at: 2025-02-06T23:59:59+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/1786117/000155837025000686/0001558370-25-000686-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1786117/000155837025000686/pine-20250206x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-000686
- JSON: https://secwatch.observer/filing/0001558370-25-000686.json
- Plain text: https://secwatch.observer/filing/0001558370-25-000686.txt

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