secwatch.observer — SEC 8-K summary
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Issuer:     Alpine Income Property Trust, Inc. (PINE)
CIK:        0001786117
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001558370-25-000686
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1786117/000155837025000686/0001558370-25-000686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1786117/000155837025000686/pine-20250206x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000686

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