Alpine Income Property Trust (PINE) Registration filing summary

Company overview and business model

• Incorporated in Maryland, operates primarily freestanding commercial retail real estate in the U.S. leased under long-term net leases.

• Externally managed by a subsidiary of CTO Realty Growth, Inc.; main objective is to maximize cash flow and value per share through stable, growing cash flows and acquisitions.

• Elected REIT status for U.S. federal income tax purposes since 2019, aiming to maintain REIT qualification.

• Principal executive offices in Winter Park, Florida; common stock listed on NYSE under symbol “PINE.”

Financial performance and metrics

• Incorporates by reference the Annual Report on Form 10-K for the year ended December 31, 2025, and Quarterly Reports on Form 10-Q for periods ended March 31 and June 30, 2026.

• As of September 18, 2026, 17,935,407 shares of common stock and 2,489,747 shares of Series A Preferred Stock were outstanding.

Use of proceeds and capital allocation

• Net proceeds from securities offerings will be used for general corporate purposes, including acquisitions, commercial loan and investment opportunities, debt repayment, and working capital.