Geode Capital Management, Llc reports 3.25% increase in ownership of PINE / Alpine Income Property Trust, Inc.

Alpine Income Property Trust, Inc.

US ˙ NYSE ˙ US02083X1037

Security	PINE / Alpine Income Property Trust, Inc.
Institution	Geode Capital Management, Llc
Latest Disclosed Ownership	333,914 shares
Latest Disclosed Value	$ 6,011,789

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 333,914 shares of Alpine Income Property Trust, Inc. (US:PINE) valued at $6,010,452 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 323,408 shares of Alpine Income Property Trust, Inc.. This represents a change in shares of 3.25% during the quarter. The current value of the position is $6,427,844 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-15	2026-03-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	333,914	10,506	3.25	6,012	11.15	0.0002
2026-02-09	2025-12-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	323,408	3,090	0.96	5,409	19.15	0.0003
2025-11-12	2025-09-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	320,318	-7,416	-2.26	4,540	-5.85	0.0003
2025-08-08	2025-06-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	327,734	17,947	5.79	4,822	-6.95	0.0003
2025-05-13	2025-03-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	309,787	-229	-0.07	5,181	-0.48	0.0004
2025-02-12	2024-12-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	310,016	-4,711	-1.50	5,207	-9.13	0.0004
2024-11-12	2024-09-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	314,727	-7,387	-2.29	5,729	14.31	0.0005
2024-08-09	2024-06-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	322,114	-962	-0.30	5,013	1.52	0.0004
2024-05-13	2024-03-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	323,076	8,528	2.71	4,937	-7.18	0.0005
2024-02-13	2023-12-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	314,548	10,836	3.57	5,320	7.04	0.0006
2023-11-13	2023-09-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	303,712	16,129	5.61	4,969	6.33	0.0006
2023-08-11	2023-06-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	287,583	169,341	143.22	4,673	134.82	0.0005
2023-05-15	2023-03-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	118,242	10,140	9.38	1,990	99,400.00	0.0003
2023-02-13	2022-12-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	108,102	497	0.46	2	-99.89	0.0003
2022-11-14	2022-09-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	107,605	248	0.23	1,745	-9.26	0.0003
2022-08-12	2022-06-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	107,357	13,490	14.37	1,923	9.01	0.0003
2022-05-13	2022-03-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	93,867	-46	-0.05	1,764	-6.27	0.0002
2022-02-11	2021-12-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	93,913	2,617	2.87	1,882	12.22	0.0002
2021-11-12	2021-09-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	91,296	12,828	16.35	1,677	12.40	0.0002
2021-08-13	2021-06-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	78,468	-28,545	-26.67	1,492	-19.66	0.0002
2021-05-12	2021-03-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	107,013	15,351	16.75	1,857	35.15	0.0003
2021-02-12	2020-12-31	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	91,662	4,768	5.49	1,374	1.70	0.0002
2020-11-13	2020-09-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	86,894	322	0.37	1,351	-3.98	0.0003
2020-08-13	2020-06-30	13F	ALPINE INCOME PROPERTY TRUST	COM	02083X103	86,572	86,572		1,407		0.0003

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.