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% (1)  See the “Non-GAAP Financial Measures” section and tables at the end of this press release for a discussion and reconciliation of Net Income to non-GAAP financial measures, including FFO, FFO per diluted share, AFFO and AFFO per diluted share. CEO Comments “Our first quarter reflects a strong start to 2021 as we increased our dividend by more than 9% from our previous quarterly dividend, invested in five properties for nearly $22 million, continued to collect 100% of contractual base rents from our 100% occupied portfolio, and assembled a robust pipeline of potential transactions to drive future growth,” noted John P. Albright, President and Chief Executive Officer of Alpine Income Property Trust. “We’re particularly excited to be entering into our first transaction with CTO Realty Growth, which we believe is an excellent opportunity to further diversify our already high-quality, well-located portfolio. Additionally, we’re going to explore the sale of one or

Johnp albrightContractual baseAnnualized baseFitch ratingsMoody investors serviceRealty growthHobby lobbyRealty growth incNational associated of insurance commissioners baaAlpine income property trust incNational association of insurance commissionersAlpine income propertyOffice tenantsAnnualized base rentNumber of propertiesWells fargo