COMMON STOCK AND EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

COMMON STOCK AND EARNINGS PER SHARE

Schedule of computation of earnings per share

The following is a reconciliation of basic and diluted earnings per common share (in thousands, except share and per share data):

	Three Months Ended
	March 31, 2024		March 31, 2023
Net Income (Loss) Attributable to Alpine Income Property Trust, Inc.	$	(260)	$	3,339
Weighted Average Number of Common Shares Outstanding		13,621,208		14,000,553
Weighted Average Number of Common Shares Applicable to OP Units using Treasury Stock Method (1)		1,223,854		1,703,494
Total Shares Applicable to Diluted Earnings per Share		14,845,062		15,704,047
Per Common Share Data:
Net Income (Loss) Attributable to Alpine Income Property Trust, Inc.
Basic	$	(0.02)	$	0.24
Diluted	$	(0.02)	$	0.21

(1) Includes the weighted average of 1,223,854 and 1,703,494 shares during the three months ended March 31, 2024 and 2023, respectively, underlying OP Units including (i) 1,223,854 shares underlying OP Units issued to CTO and (ii) 479,640 shares underlying OP Units issued to an unrelated third party, which OP Units were redeemed by PINE for an equivalent number of shares of common stock of PINE during the three months ended December 31, 2023.