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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , DC 20549 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 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 ( State or other jurisdiction of incorporation or organization ) FORM 10 - K 1140 N. Williamson Blvd. , Suite 140 Daytona Beach , Florida ( Address of principal executive offices ) 84-2769895 ( I.R.S. Employer Identification No. ) Registrant's telephone number , including area code ( 386 ) 274-2202 Title of each class COMMON STOCK , $ 0.01 PAR VALUE 32114 ( Zip Code ) SECURITIES REGISTERED PURSUANT TO SECTION 12 ( b ) OF THE ACT Name of each exchange on which registered NYSE Trading Symbol PINE SECURITIES REGISTERED PURSUANT TO SECTION 12 ( g ) OF THE ACT : NONE NO > Indicate by check mark if the registrant is a well - known seasoned issuer , defined in Rule 405 of the Securities Act . YES Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . YES □ NO Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . YES > NO ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . YES NO □ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company , " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Accelerated filer Non - accelerated filer > Smaller reporting company Emerging growth company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) . YES NO On June 30 , 2020 , the last business day of the Registrant's most recently completed second fiscal quarter , the aggregate market value of the Registrant's common stock held by non - affiliates of the Registrant was $ 107,384,455 based on the closing sales price of the Registrant's common stock on such date as reported on the New York Stock Exchange . For purposes of this computation , all officers , directors and 10 % beneficial owners of the Registrant's common stock of which the Registrant is aware are deemed to be affiliates . Such determination should not be deemed to be an admission that such officers , directors or 10 % beneficial owners are , in fact , affiliates of the Registrant . The number of shares of the registrant's common stock outstanding on February 10 , 2021 was 7,462,341 . DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's Proxy Statement for the 2021 Annual Meeting of Stockholders , which will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant's fiscal year ended December 31 , 2020 , are incorporated by reference in Part III of this report .