Alpine Income Property Trust, Inc. (PINE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: April 23, 2026

Risk Assessment Details

Potential Dilution: 113.73% of current shares
Recent Dilution: 29.05% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
17M
Potential Supply
19M
Additional shares possible
Splits
None
Past 2 years

Summary

PINE currently has 16.8M outstanding shares. with significant dilution risk as 19.1M authorized shares could dilute existing holders by 113.7%. The company has significantly diluted shareholders by 29.05% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 23, 2026

10-Q filing | 16.8M shares outstanding

17M 19M
Nov 10, 2025

8-K filing: The company filed Articles Supplementary to its charter classifying and designating 2,300,000 shares of Series A Preferred Stock. ($50.0M proceeds)

14M 22M
Oct 23, 2025

10-Q filing | 14.2M shares outstanding

14M 22M
Jul 24, 2025

10-Q filing | 14.2M shares outstanding

14M 22M
Apr 24, 2025

10-Q filing | 14.6M shares outstanding

15M 21M
Feb 06, 2025

10-K filing | 15.1M shares outstanding

15M 21M
Oct 17, 2024

10-Q filing | 13.7M shares outstanding

14M 22M
Jul 18, 2024

10-Q filing | 13.6M shares outstanding

14M 22M
Apr 18, 2024

10-Q filing | 13.6M shares outstanding

14M 22M
Feb 08, 2024

10-K filing | 13.9M shares outstanding

14M 22M
Oct 19, 2023

10-Q filing | 13.9M shares outstanding

14M 22M
Sep 27, 2023

S-3 filing: The filing is for a shelf registration to offer common stock, preferred stock, debt securities, warrants, rights, and units up to an aggregate amount of $350,000,000.

14M 22M
Jul 20, 2023

10-Q filing | 14.1M shares outstanding

14M 0
Apr 20, 2023

10-Q filing | 14.0M shares outstanding

14M 0
Feb 09, 2023

10-K filing | 13.7M shares outstanding

14M 0
Oct 20, 2022

10-Q filing | 11.9M shares outstanding

12M 0
Jul 21, 2022

10-Q filing | 11.8M shares outstanding

12M 0
Apr 21, 2022

10-Q filing | 11.7M shares outstanding

12M 0
Feb 10, 2022

10-K filing | 11.2M shares outstanding

11M 0
Oct 21, 2021

10-Q filing | 11.3M shares outstanding

11M 0
Jul 22, 2021

10-Q filing | 11.3M shares outstanding

11M 0
Jun 07, 2021

8-K filing: Alpine Income Property Trust, Inc. completed an offering of 2,800,000 shares of common stock at a price of $16.91 per share, resulting in approximately $47.2 million of total net proceeds to the Company. ($47.2M proceeds)

7.9M 0
Apr 22, 2021

10-Q filing | 7.9M shares outstanding

7.9M 22M
Feb 16, 2021

10-K filing | 7.9M shares outstanding

7.9M 22M
Dec 01, 2020

S-3 filing: The company intends to offer common stock, preferred stock, warrants, rights, and units for an aggregate public offering price that will not exceed $350,000,000.

7.6M 22M
Oct 30, 2020

10-Q filing | 7.6M shares outstanding

7.6M 0
Aug 03, 2020

10-Q filing | 7.7M shares outstanding

7.7M 0
May 07, 2020

10-Q filing | 7.9M shares outstanding

7.9M 0
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