UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-39143 ALPINE INCOME PROPERTY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 84-2769895 (State or other jurisdiction of i ...

INVESTOR PRESENTATION CLIMB STARTING THE FEBRUARY 2020 (NYSE: PINE) YEAR END 2019 Snap Shot of PINE Q4 2019 DIVIDEND per diluted SHARE As of February 3, 2020 unless otherwise noted | --- | --- | |-------|-------------| | | $19.00 | | | ≈$0.06 | | | $1.20-$1.30 | | | $1.15-$1.25 | STOCK PRICE (@ IPO) ESTIMATED FFO/SHARE – FY 2020 ESTIMATED AFFO/SHARE – FY 2020 | --- | --- | |----------------------------------|------------| | | | | TOTAL DEBT | $10.5mm | | SHARES OUTSTANDING (rounded) (1) | ≈9,127,000 | | EQU ...