[SCHEDULE 13G/A] Alpine Income Property Trust, Inc. Amended Passive Investment Disclosure

Rhea-AI Filing Summary

Alpine Income Property Trust Inc ownership disclosure: The Vanguard Group filed an amendment to its Schedule 13G, reporting zero shares beneficially owned of Alpine Income Property Trust Inc common stock as of 03/13/2026. The filing explains an internal realignment effective 01/12/2026 that caused certain Vanguard subsidiaries/divisions to report separately.

Insights

Institutional Ownership Analyst

Vanguard reports no beneficial ownership after internal disaggregation.

The amendment states Amount beneficially owned: 0 and Percent of class: 0% as of 03/13/2026. It attributes the change to an internal realignment on 01/12/2026, citing SEC Release No. 34-39538 for disaggregated reporting.

Holder-level reporting shifts ownership reporting to separate Vanguard subsidiaries; subsequent filings from those entities may show holdings. Cash-flow treatment and any subsidiary holdings are not disclosed in this excerpt.

Corporate Governance Specialist

Administrative reporting change, not a market trade.

The filing documents a reporting reclassification under SEC guidance, indicating that previous beneficial-ownership attribution to The Vanguard Group, Inc. has been disaggregated into subsidiaries or business divisions. The amendment is procedural and does not itself change company capital structure.

Watch for follow-up Schedule 13G/A filings by Vanguard affiliates for any actual holdings; timing of those disclosures is not provided in the excerpt.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Alpine Income Property Trust Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

(CUSIP Number)

03/13/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP No.

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Alpine Income Property Trust Inc
(b)	Address of issuer's principal executive offices: 369 N New York Ave, Suite 201, Winter Park, FL, 32789
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd.,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	03/26/2026

FAQ

What did The Vanguard Group report for PINE in this Schedule 13G/A?

The Vanguard Group reported zero shares beneficially owned of Alpine Income Property Trust Inc common stock. The filing lists Amount beneficially owned: 0 and Percent of class: 0% as of 03/13/2026.

Why does Vanguard say it no longer reports ownership for PINE?

Vanguard describes an internal realignment on 01/12/2026 and cites SEC Release No. 34-39538. As a result, certain subsidiaries/divisions will report beneficial ownership separately, disaggregating from The Vanguard Group, Inc.

Does this filing mean Vanguard sold PINE shares?

No; the amendment reflects a reporting change due to internal reorganization under SEC guidance. The filing does not state any sale, cash proceeds, or transfer of economic ownership in the provided excerpt.

Will other Vanguard entities report PINE holdings after this amendment?

Possibly; the amendment states subsidiaries/divisions will report beneficial ownership separately. Subsequent Schedule 13G/A or 13D filings by those entities would disclose any holdings, but such follow-up filings are not included here.

Who signed the amendment on behalf of Vanguard for PINE?

The amendment is signed by Ashley Grim, listed as Head of Global Fund Administration, with signature date 03/26/2026 on the filing excerpt.