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        <link:definition>41802 - Disclosure - RELATED PARTY MANAGEMENT COMPANY - Due to (from) CTO (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>41901 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details)</link:definition>
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        <link:definition>42001 - Disclosure - BUSINESS SEGMENT DATA - General Information (Details)</link:definition>
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        <link:definition>42002 - Disclosure - BUSINESS SEGMENT DATA - Operations in Different Segments (Details)</link:definition>
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        <link:definition>42003 - Disclosure - BUSINESS SEGMENT DATA - Identifiable Assets (Details)</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>00405 - Statement - CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical)</link:definition>
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        <link:definition>10101 - Disclosure - BUSINESS AND ORGANIZATION</link:definition>
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        <link:definition>10201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>10301 - Disclosure - PROPERTY PORTFOLIO</link:definition>
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        <link:definition>10401 - Disclosure - COMMERCIAL LOANS AND INVESTMENTS</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>10501 - Disclosure - FAIR VALUE OF FINANCIAL INSTRUMENTS</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ctlc.com/role/DisclosureIntangibleAssetsAndLiabilities" id="DisclosureIntangibleAssetsAndLiabilities">
        <link:definition>10601 - Disclosure - INTANGIBLE ASSETS AND LIABILITIES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ctlc.com/role/DisclosureProvisionForImpairment" id="DisclosureProvisionForImpairment">
        <link:definition>10701 - Disclosure - PROVISION FOR IMPAIRMENT</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>10801 - Disclosure - OTHER ASSETS</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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      <link:roleType roleURI="http://www.ctlc.com/role/DisclosureOperatingLandLeases" id="DisclosureOperatingLandLeases">
        <link:definition>10901 - Disclosure - OPERATING LAND LEASES</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>11001 - Disclosure - ASSETS HELD FOR SALE</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>11101 - Disclosure - ACCOUNTS PAYABLE, ACCRUED EXPENSES, AND OTHER LIABILITIES</link:definition>
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        <link:definition>11201 - Disclosure - LONG-TERM DEBT</link:definition>
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        <link:definition>11301 - Disclosure - INTEREST RATE SWAPS</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>11401 - Disclosure - EQUITY</link:definition>
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        <link:definition>11501 - Disclosure - COMMON STOCK AND EARNINGS PER SHARE</link:definition>
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        <link:definition>11701 - Disclosure - STOCK-BASED COMPENSATION</link:definition>
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        <link:definition>11801 - Disclosure - RELATED PARTY MANAGEMENT COMPANY</link:definition>
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        <link:usedOn>link:calculationLink</link:usedOn>
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        <link:definition>11901 - Disclosure - COMMITMENTS AND CONTINGENCIES</link:definition>
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        <link:definition>12001 - Disclosure - BUSINESS SEGMENT DATA</link:definition>
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  <xsd:element id="pine_FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearTwo" name="FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearTwo" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="pine_FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearThree" name="FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearThree" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="pine_FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearFour" name="FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearFour" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="pine_FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearFive" name="FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearFive" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element name="LineOfCreditFacilityExtensionPeriod" id="pine_LineOfCreditFacilityExtensionPeriod" type="xbrli:durationItemType" substitutionGroup="xbrli:item" abstract="false" nillable="true" xbrli:periodType="duration" />
  <xsd:element id="pine_AmortizationOfIntangibleAssetsAndLiabilities" name="AmortizationOfIntangibleAssetsAndLiabilities" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="pine_CommercialRealEstateSingleTenantMember" name="CommercialRealEstateSingleTenantMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesTableTextBlock" name="ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseAndAccretionToIncomeTableTextBlock" name="ScheduleOfFiniteLivedIntangibleAssetsAndLiabilitiesFutureAmortizationExpenseAndAccretionToIncomeTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_ScheduleOfCarryingValueOfLongTermDebtInstrumentsTableTextBlock" name="ScheduleOfCarryingValueOfLongTermDebtInstrumentsTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_ScheduleOfFaceValuesOfLongTermDebtInstrumentsTableTextBlock" name="ScheduleOfFaceValuesOfLongTermDebtInstrumentsTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_IncomePropertiesSegmentMember" name="IncomePropertiesSegmentMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_FiniteLivedIntangibleAssetsAndLiabilitiesNetNetAmortizationExpenseFiscalYearMaturityAbstract" name="FiniteLivedIntangibleAssetsAndLiabilitiesNetNetAmortizationExpenseFiscalYearMaturityAbstract" nillable="true" type="xbrli:stringItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_PrepaidExpenseDepositsAssetsAndMiscellaneousOtherAssets" name="PrepaidExpenseDepositsAssetsAndMiscellaneousOtherAssets" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="pine_LeasesAcquiredInPlaceAndCostOfLeaseAgreementsMember" name="LeasesAcquiredInPlaceAndCostOfLeaseAgreementsMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_CommercialLoanInvestmentsSegmentMember" name="CommercialLoanInvestmentsSegmentMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_BankOfMontrealCreditAgreementAsAmendedMember" name="BankOfMontrealCreditAgreementAsAmendedMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationExpenseAndAccretionIncomeTableTextBlock" name="FiniteLivedIntangibleAssetsAndLiabilitiesAmortizationExpenseAndAccretionIncomeTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_InterestExpenseDebtTableTextBlock" name="InterestExpenseDebtTableTextBlock" nillable="true" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations" name="DepreciationDepletionAndAmortizationIncludingDiscontinuedOperations" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="pine_NumberOfPropertiesSold" name="NumberOfPropertiesSold" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" />
  <xsd:element id="pine_AccountsPayableAccruedExpensesAndOtherLiabilities" name="AccountsPayableAccruedExpensesAndOtherLiabilities" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="pine_PrepaidRentAndDeferredRevenue" name="PrepaidRentAndDeferredRevenue" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="pine_StraightLineRentAdjustment" name="StraightLineRentAdjustment" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="pine_RealEstateExpenses" name="RealEstateExpenses" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="pine_IncreaseDecreaseInPrepaidRentAndDeferredRevenue" name="IncreaseDecreaseInPrepaidRentAndDeferredRevenue" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="pine_PercentageOfOutstandingCommonStock" name="PercentageOfOutstandingCommonStock" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_DepositsOnAcquisitions" name="DepositsOnAcquisitions" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="pine_LineOfCreditFacilityContingentIncreaseAdditionalBorrowingCapacity" name="LineOfCreditFacilityContingentIncreaseAdditionalBorrowingCapacity" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="pine_ShareBasedCompensationArrangementByShareBasedPaymentAwardPeriodForAverageStockClosingPriceForOption" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardPeriodForAverageStockClosingPriceForOption" nillable="true" type="xbrli:integerItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_ManagementAgreementMember" name="ManagementAgreementMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_RelatedPartyTransactionRateOfBaseManagementOnEquityPerQuarter" name="RelatedPartyTransactionRateOfBaseManagementOnEquityPerQuarter" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_RelatedPartyTransactionRateOfBaseManagementOnEquityPerAnnum" name="RelatedPartyTransactionRateOfBaseManagementOnEquityPerAnnum" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_RelatedPartyTransactionCumulativeAnnualHurdleRate" name="RelatedPartyTransactionCumulativeAnnualHurdleRate" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_RelatedPartyTransactionIncentiveFee" name="RelatedPartyTransactionIncentiveFee" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="debit" />
  <xsd:element id="pine_ManagementAgreementRenewalTerm" name="ManagementAgreementRenewalTerm" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_RelatedPartyTransactionVotingRightsPercentage" name="RelatedPartyTransactionVotingRightsPercentage" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_RelatedPartyTransactionNoticePeriodForTerminationOfManagementAgreement" name="RelatedPartyTransactionNoticePeriodForTerminationOfManagementAgreement" nillable="true" type="xbrli:durationItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_PaymentOfDividendToRelatedParties" name="PaymentOfDividendToRelatedParties" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="pine_PaymentOfManagementFeesToRelatedParties" name="PaymentOfManagementFeesToRelatedParties" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" xbrli:balance="credit" />
  <xsd:element id="pine_FiveMillionRepurchaseProgramMember" name="FiveMillionRepurchaseProgramMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_OperatingPartnershipMember" name="OperatingPartnershipMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_MultiplyingFactorAsPercentageOfOutperformanceAmountWithWeightedAverageShares" name="MultiplyingFactorAsPercentageOfOutperformanceAmountWithWeightedAverageShares" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_DirectorRetainersPaidInStockMember" name="DirectorRetainersPaidInStockMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationAfterYearFive" name="FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationAfterYearFive" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="pine_InterestRateSwapEffectivePercentage" name="InterestRateSwapEffectivePercentage" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_AtMarketOfferingProgramMember" name="AtMarketOfferingProgramMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_DebtInstrumentBasisSpreadOnUnusedPortionOfBorrowingPercentage" name="DebtInstrumentBasisSpreadOnUnusedPortionOfBorrowingPercentage" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearOne" name="FiniteLivedIntangibleAssetsLiabilitiesNetFutureAmortizationYearOne" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="pine_CtoRealtyGrowthInc.AndCertainOfItsSubsidiariesMember" name="CtoRealtyGrowthInc.AndCertainOfItsSubsidiariesMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_PartnersCapitalAccountUnitsIssued" name="PartnersCapitalAccountUnitsIssued" nillable="true" type="xbrli:sharesItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_TermLoanMember" name="TermLoanMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_IncomePropertyTenantReceivablesNetOfAllowanceForDoubtfulAccounts" name="IncomePropertyTenantReceivablesNetOfAllowanceForDoubtfulAccounts" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="pine_FollowOnPublicOfferingMember" name="FollowOnPublicOfferingMember" nillable="true" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" abstract="true" xbrli:periodType="duration" />
  <xsd:element id="pine_PercentageOfBorrowingCapacity" name="PercentageOfBorrowingCapacity" nillable="true" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_AggregateAmountOfIncrementalTermLoanCommitments" name="AggregateAmountOfIncrementalTermLoanCommitments" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="credit" />
  <xsd:element id="pine_WeightedAverageSharesPriceIssuedPerShare" name="WeightedAverageSharesPriceIssuedPerShare" nillable="true" type="dtr-types:perShareItemType" substitutionGroup="xbrli:item" xbrli:periodType="duration" />
  <xsd:element id="pine_DeferredFinanceCostsNetLineOfCredit" name="DeferredFinanceCostsNetLineOfCredit" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element id="pine_DeferredFinanceCostsNetExcludingLineOfCredit" name="DeferredFinanceCostsNetExcludingLineOfCredit" nillable="true" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" xbrli:periodType="instant" xbrli:balance="debit" />
  <xsd:element name="TermLoanInterestRateSwap2026Member" id="pine_TermLoanInterestRateSwap2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TermLoanInterestRateSwap2027Member" id="pine_TermLoanInterestRateSwap2027Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TermLoan2026Member" id="pine_TermLoan2026Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TermLoan2027Member" id="pine_TermLoan2027Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="OperatingLandLeaseExpensePolicyTextBlock" id="pine_OperatingLandLeaseExpensePolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="ScheduleOfOperatingLeaseAdditionalInformationTableTextBlock" id="pine_ScheduleOfOperatingLeaseAdditionalInformationTableTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="RealEstatePortfolioSquareFootageMember" id="pine_RealEstatePortfolioSquareFootageMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TermLoanInterestRateSwap2026EffectiveMay212021Member" id="pine_TermLoanInterestRateSwap2026EffectiveMay212021Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="TermLoanInterestRateSwap2026EffectiveSeptember302022Member" id="pine_TermLoanInterestRateSwap2026EffectiveSeptember302022Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CreditFacilityMaturingJanuary312027Member" id="pine_CreditFacilityMaturingJanuary312027Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="PercentageOfInterestRateDeductions" id="pine_PercentageOfInterestRateDeductions" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="LineOfCreditFacilityAccordionOptionOfMaximumBorrowingCapacity" id="pine_LineOfCreditFacilityAccordionOptionOfMaximumBorrowingCapacity" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="MarketEquityOfferingProgram2022Member" id="pine_MarketEquityOfferingProgram2022Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="AtMarketEquityOfferingProgram2020And2022ProgramMember" id="pine_AtMarketEquityOfferingProgram2020And2022ProgramMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ProceedsFromIssuanceOfCommonStockNetOfStockIssuanceCosts" id="pine_ProceedsFromIssuanceOfCommonStockNetOfStockIssuanceCosts" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="WalgreensMember" id="pine_WalgreensMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SingleTenantNetLeaseIncomePropertiesAcquiredIn2023Member" id="pine_SingleTenantNetLeaseIncomePropertiesAcquiredIn2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CtoRealtyGrowthInc.Member" id="pine_CtoRealtyGrowthInc.Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ManagementFeeMember" id="pine_ManagementFeeMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="OtherTransactionMember" id="pine_OtherTransactionMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="FiveMillionRepurchaseProgram2023Member" id="pine_FiveMillionRepurchaseProgram2023Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="RepurchaseProgram202315MillionMember" id="pine_RepurchaseProgram202315MillionMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="InvestmentAndOtherIncome" id="pine_InvestmentAndOtherIncome" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="AccretionOfCommercialLoansAndInvestmentsOriginationFees" id="pine_AccretionOfCommercialLoansAndInvestmentsOriginationFees" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="InterestIncomeFromCommercialLoansAndInvestmentsPolicyTextBlock" id="pine_InterestIncomeFromCommercialLoansAndInvestmentsPolicyTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="ProvisionForImpairmentDisclosureTextBlock" id="pine_ProvisionForImpairmentDisclosureTextBlock" type="dtr-types:textBlockItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="IncomePropertiesMember" id="pine_IncomePropertiesMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="CommercialLoansAndInvestmentsMember" id="pine_CommercialLoansAndInvestmentsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="ConstructionLoanMember" id="pine_ConstructionLoanMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="WawaAnchoredLandDevelopmentProjectInGreenwoodIndianaMember" id="pine_WawaAnchoredLandDevelopmentProjectInGreenwoodIndianaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="SecSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateOriginalFaceAmount" id="pine_SecSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateOriginalFaceAmount" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="ProvisionForImpairmentAbstract" id="pine_ProvisionForImpairmentAbstract" type="xbrli:stringItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NumberOfConstructionLoansCommittedToFund" id="pine_NumberOfConstructionLoansCommittedToFund" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="FinancingReceivableAndNetInvestmentInLeaseAllowanceForCreditLossAndFee" id="pine_FinancingReceivableAndNetInvestmentInLeaseAllowanceForCreditLossAndFee" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="MortgageNoteSecuredByPortfolioOfAssetsMember" id="pine_MortgageNoteSecuredByPortfolioOfAssetsMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="RevenueSharingAgreementMember" id="pine_RevenueSharingAgreementMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="DisposalGroupIncludingDiscontinuedOperationRealEstateAssets" id="pine_DisposalGroupIncludingDiscontinuedOperationRealEstateAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="DisposalGroupIncludingDiscontinuedOperationIntangibleLeaseAssets" id="pine_DisposalGroupIncludingDiscontinuedOperationIntangibleLeaseAssets" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="DisposalGroupIncludingDiscontinuedOperationIntangibleLeaseLiabilities" id="pine_DisposalGroupIncludingDiscontinuedOperationIntangibleLeaseLiabilities" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="DisposalGroupIncludingDiscontinuedOperationStraightLineAdjustment" id="pine_DisposalGroupIncludingDiscontinuedOperationStraightLineAdjustment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="DisposalGroupIncludingDiscontinuedOperationAssetsPriorToProvisionForImpairment" id="pine_DisposalGroupIncludingDiscontinuedOperationAssetsPriorToProvisionForImpairment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="debit" />
  <xsd:element name="DisposalGroupIncludingDiscontinuedOperationProvisionForImpairment" id="pine_DisposalGroupIncludingDiscontinuedOperationProvisionForImpairment" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="WawaAndMcdonaldsAnchoredLandDevelopmentAntiochTnMember" id="pine_WawaAndMcdonaldsAnchoredLandDevelopmentAntiochTnMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="MortgageLoanNumberOfAssetsHeldAsSecurity" id="pine_MortgageLoanNumberOfAssetsHeldAsSecurity" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="MortgageLoansOnRealEstateExtensionTermNumberOfOption" id="pine_MortgageLoansOnRealEstateExtensionTermNumberOfOption" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="SecSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateAnnualIncreaseInInterestRate" id="pine_SecSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateAnnualIncreaseInInterestRate" type="dtr-types:percentItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="MortgageLoansOnRealEstateExtensionTerm" id="pine_MortgageLoansOnRealEstateExtensionTerm" type="xbrli:durationItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="NumberOfCommercialLoanInvestment" id="pine_NumberOfCommercialLoanInvestment" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" />
  <xsd:element name="OperatingExpensesDepreciationAndAmortizationAndGeneralAndAdministrative" id="pine_OperatingExpensesDepreciationAndAmortizationAndGeneralAndAdministrative" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="debit" />
  <xsd:element name="GainLossOnExtinguishmentOfDebtCashAndNoncash" id="pine_GainLossOnExtinguishmentOfDebtCashAndNoncash" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="false" xbrli:balance="credit" />
  <xsd:element name="SingleTenantNetLeaseIncomePropertiesAcquiredIn2024Member" id="pine_SingleTenantNetLeaseIncomePropertiesAcquiredIn2024Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="RetailOutparcelsLawrencevilleGaMember" id="pine_RetailOutparcelsLawrencevilleGaMember" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="NumberOfRetailOutparcels" id="pine_NumberOfRetailOutparcels" type="xbrli:integerItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" />
  <xsd:element name="LoanReserves" id="pine_LoanReserves" type="xbrli:monetaryItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="instant" abstract="false" xbrli:balance="credit" />
  <xsd:element name="InterestRateSwap2027TermLoanEffective30September2021Matures29November2024Member" id="pine_InterestRateSwap2027TermLoanEffective30September2021Matures29November2024Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="InterestRateSwap2027TermLoanEffective30September2022Matures31January2027Member" id="pine_InterestRateSwap2027TermLoanEffective30September2022Matures31January2027Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="InterestRateSwap2027TermLoanEffective29November2024Matures31January2027Member" id="pine_InterestRateSwap2027TermLoanEffective29November2024Matures31January2027Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
  <xsd:element name="InterestRateSwaps2027TermLoanEffective30September2021Matures31January2027Member" id="pine_InterestRateSwaps2027TermLoanEffective30September2021Matures31January2027Member" type="dtr-types:domainItemType" substitutionGroup="xbrli:item" nillable="true" xbrli:periodType="duration" abstract="true" />
</xsd:schema>
