Alpine Income Property Trust acquired a $117.3M industrial portfolio

Item 2.01. Completion of Acquisition or Disposition of Assets.

On October 30, 2026, Alpine Income Property Trust, Inc. (the "Company") completed the acquisition of a 13-property industrial portfolio located across 11 states (the "Portfolio") from a certain institutional owner (the "Seller") for a purchase price of $117.3 million. The Seller does not have any material relationship with the Company or its subsidiaries, other than with respect to the Company's acquisition of the Portfolio. The acquisition was funded using borrowings under the Company's revolving credit facility.¹

Item 7.01. Regulation FD Disclosure.

On November 2, 2026, the Company issued a press release announcing the completion of the acquisition of the Portfolio.^{2 2}A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.²

The furnishing of these materials is not intended to constitute a representation that such furnishing is required by Regulation FD or other securities laws, or that the materials include material investor information that is not otherwise publicly available. In addition, the Company does not assume any obligation to update such information in the future.

The information in Item 7.01 of this Current Report, including Exhibit 99.1, is being furnished and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in Item 7.01 of this Current Report, including Exhibit 99.1, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, unless it is specifically incorporated by reference therein.

Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Business Acquired

The financial statements that are required to be filed pursuant to this item were previously filed by the Company as Exhibit 99.1 to the Company's Current Report on Form 8-K filed on October 9, 2026.⁵

(b) Pro Forma Financial Information

The pro forma financial information that is required to be filed pursuant to this item was previously filed by the Company as Exhibit 99.2 to the Company's Current Report on Form 8-K filed on October 9, 2026.⁵

(d) Exhibits:

Exhibit Number

Description

99.1

Press Release issued November 2, 2026.

104⁶

Cover Page Interactive Data File (embedded within the Inline XBRL document).⁶

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 2, 2026

Alpine Income Property Trust, Inc.

By: /s/ Philip R. Mays

Senior Vice President, Chief Financial Officer and Treasurer

(Principal Financial Officer)

Press Release

FOR

IMMEDIATE

RELEASE

ALPINE INCOME PROPERTY TRUST COMPLETES ACQUISITION OF 13-PROPERTY INDUSTRIAL PORTFOLIO FOR $117.3 MILLION

WINTER PARK, FL, November 2, 2026 – Alpine Income Property Trust, Inc. (NYSE: PINE) (the "Company"), an owner and operator of single-tenant net leased commercial income properties, today announced that it has completed the acquisition of the previously announced 13-property industrial portfolio for $117.3 million, or $63 per square foot.⁴ The portfolio totals approximately 1.9 million square feet across 209 acres in 11 states and is 100% leased to nine tenants under absolute triple-net leases.³

"With 10.2 years of weighted average remaining lease term⁴ and annual rent escalators built into the leases, this portfolio of mission-critical manufacturing and distribution facilities delivers an attractive initial yield with future cash flo