CTO Realty Growth, Inc.

10% owner CTO Realty Growth accumulates 39.6K PINE shares across 3 buys (08/01-08/05) at $14.24 avg; holdings jump 14.5% to 312.0K shares

CTO Realty Growth, a 10% owner of Alpine Income Property Trust, executed three separate purchases totaling 39,580 shares for $563,488.23 over a five-day window at an average price of $14.24, increasing its stake by 14.5%. The current price of $14.31 is -25.1% from the 52-week high of $19.10, placing the transaction near recent lows. Notably, the filer's prior purchases at this ticker on 2024-07-05 and 2024-07-09 each generated positive 90-day returns (15.6% and 15.8% respectively), establishing a pattern of well-timed accumulation at PINE. However, the company's most recent quarter shows net income of $-1,641,000.00 against revenue of $14,863,000.00, alongside an elevated P/E of 95.40, indicating underlying operational challenges that warrant scrutiny of what motivated this material increase in the stake.

10% owner CTO Realty Growth bought 69,501 shares across 3 days (Jul 29-31) for $990.4K at $14.25 avg; stock down 26.4% from 52-wk high.

CTO Realty Growth, a 10% shareholder in Alpine Income Property Trust, completed 3 separate purchases totaling 69,501 shares ($990,360.73) over July 29–31, 2025, at an average price of $14.25, representing a 34.3% increase in the insider's stake. This accumulation occurs as PINE trades at $14.05, down 26.4% from its 52-week high of $19.10 and down 4.0% over the preceding 30 days. Notably, CTO Realty's prior 5 purchases at PINE were uniformly well-timed at the 90-day mark, with all 5 prior buys followed by positive 90-day returns ranging from +6.4% to +24.1%. The fundamental backdrop shows negative net income of $-1.6M against quarterly revenue of $14.9M and a P/E of 93.67, warranting scrutiny into whether this buying pattern reflects CTO Realty's investment thesis or responds to near-term price action in a challenged valuation environment.

CTO Realty Growth (10% owner) purchased 12,824 shares at blended average $15.00 across 2 transactions at PINE, raising stake to 202.9K shares.

CTO Realty Growth, as a 10% owner, made 2 separate open-market purchases totaling 12,824 shares for $192,300.59, lifting its holding from 190,094 to 202,918 shares (+6.7% net change). The purchases occurred on 2024-07-05 and 2024-07-09 at prices of $15.00 and $14.99 respectively, bracketing the current price of $15.00. At PINE specifically, this represents a continuation of accumulation activity, with 5 prior buys dating back to May 2024, though measurable 90-day outcomes are not yet available for the three most recent prior purchases. The insider's cross-ticker track record shows 5 prior buys averaging a +3.9% 30-day return, while fundamental metrics show elevated leverage (P/E of 71.43 on negative net income of $-260,000.00) and modest revenue growth of +1.0% year-over-year on a $12.5M quarterly revenue base. The buy activity is occurring below the 52-week high by 14.9%, following a -2.8% decline over the past 30 days, but within range of recent transaction prices at this same security.

10% owner at CTO Realty Growth buys 7,959 PINE shares at $14.97; holds 190,094 post-transaction.

CTO Realty Growth, a 10% owner, purchased 7,959 shares of Alpine Income Property Trust on 2024-06-27 at $14.97, expanding holdings to 190,094 shares (+4.4% vs pre-transaction). The purchase was made at a price $0.59 below the current market price of $15.56, and the stock is currently -11.7% from its 52-week high. However, this transaction appears part of an aggressive accumulation pattern: CTO executed four prior purchases at PINE within a 30-day window (2024-05-28, 2024-05-29, 2024-06-13, 2024-06-14), suggesting a systematic approach rather than a single conviction signal. The most recent comparable trade at PINE (2024-05-29) showed a +3.9% 30-day return, consistent with CTO's broader cross-ticker average of +3.9%, but with limited measurable outcome data on the June transactions. Negative fundamentals—net income of $-260,000, modest 1.0% annual revenue growth, and an elevated P/E of 74.10—provide context that warrants scrutiny of the buyer's underlying thesis.

10% owner CTO Realty Growth adds 8,730 shares to PINE for $130,294.24 in two June purchases at $14.99–$14.92.

CTO Realty Growth, a 10% owner of Alpine Income Property Trust, executed 2 separate purchases totaling 8,730 shares for $130,294.24 across June 13–14, 2024, at a blended average price of $14.92, raising holdings by 5.0% to 182,135 shares. The transaction prices ($14.99 and $14.92) sit below the current price of $15.38 and well within the 52-week range of $14.42–$17.62, reflecting a modest accumulation during a period when the stock is -12.7% from its 52-week high. PINE's trailing financials show headwinds: net income of $-260,000 on quarterly revenue of $12,466,000 and a P/E of 73.24, suggesting challenges in earnings conversion despite flat revenue growth of +1.0% year-over-year. CTO's prior open-market trades at PINE (two buys on May 28–29, 2024) remain unmeasurable, and its cross-ticker track record contains only 2 prior buys with no 90-day outcome data available, providing limited context for assessing pattern or positioning at this ticker.