PINE on NYSE
Alpine Income Property Trust, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
86.0%Gross margin3
21.7%Operating margin3
-4.4%Net margin3
15.9%Revenue growth, 20253
-0.9%Return on equity3
1.35×Debt to equity3
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$60.5M
Out of $60.5M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid67¢$17.7M
- Share buybacks33¢$8.8M
Out of $25.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Lease Income | $48.7M | $46.0M | $45.0M |
| Interest Income from Commercial Loans and Investments | $11.3M | $5.8M | $637.0K |
| Other Revenue | $525.0K | $461.0K | $40.0K |
| Total Revenues | $60.5M | $52.2M | $45.6M |
| Real Estate Expenses | $8.0M | $7.8M | $6.6M |
| General and Administrative Expenses | $6.7M | $6.6M | $6.3M |
| Provision for Impairment | $7.4M | $1.7M | $3.2M |
| Depreciation and Amortization | $27.4M | $25.6M | $25.8M |
| Total Operating Expenses | $49.5M | $41.7M | $41.9M |
| Gain on Disposition of Assets | $2.1M | $3.4M | $9.3M |
| Gain on Extinguishment of Debt | $23.0K | ||
| Net Income From Operations | $13.1M | $14.0M | $13.1M |
| Investment and Other Income | $242.0K | $247.0K | $289.0K |
| Interest Expense | -$16.3M | -$12.0M | -$10.2M |
| Net Income (Loss) | -$2.9M | $2.3M | $3.3M |
| Less: Net Loss (Income) Attributable to Noncontrolling Interest | $228.0K | -$188.0K | -$349.0K |
| Net Income (Loss) Attributable to Alpine Income Property Trust, Inc. | -$2.7M | $2.1M | $2.9M |
| Less: Distributions to Preferred Stockholders | -$552.0K | ||
| Net Income (Loss) Attributable to Common Stockholders | -$3.2M | $2.1M | $2.9M |
| Basic (in dollars per share) | -$0.22 | $0.15 | $0.21 |
| Diluted (in dollars per share) | -$0.22 | $0.14 | $0.19 |
| Basic (in shares) | 14.3M shares | 13.9M shares | 13.9M shares |
| Diluted (in shares) | 15.6M shares | 15.1M shares | 15.6M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Land, at Cost | $151.6M | $147.9M | |
| Building and Improvements, at Cost | $344.1M | $342.0M | |
| Total Real Estate, at Cost | $495.8M | $489.9M | |
| Less, Accumulated Depreciation | -$54.4M | -$45.9M | |
| Real Estate-Net | $441.3M | $444.0M | |
| Assets Held for Sale | $8.1M | $2.3M | |
| Commercial Loans and Investments | $167.6M | $89.6M | |
| Cash and Cash Equivalents | $4.6M | $1.6M | $4.0M |
| Restricted Cash | $34.4M | $6.4M | $9.7M |
| Intangible Lease Assets-Net | $48.9M | $43.9M | |
| Straight-Line Rent Adjustment | $2.1M | $1.5M | |
| Other Assets | $8.9M | $15.7M | |
| Total Assets | $715.9M | $605.0M | |
| Accounts Payable, Accrued Expenses, and Other Liabilities | $7.9M | $8.4M | |
| Prepaid Rent and Deferred Revenue | $14.0M | $2.4M | |
| Intangible Lease Liabilities-Net | $5.0M | $4.8M | |
| Obligation Under Participation Agreement | $10.0M | $11.4M | |
| Long-Term Debt-Net | $377.7M | $301.5M | |
| Total Liabilities | $414.6M | $328.5M | |
| Preferred Stock, $0.01 par value per share, 100 million shares authorized, $0.01 par value, 8.00% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 2,083,328 shares issued and outstanding as of December 31, 2025 and no shares issued and outstanding as of December 31, 2024 | $21.0K | ||
| Common Stock, $0.01 par value per share, 500 million shares authorized, 14,783,419 shares issued and outstanding as of December 31, 2025 and 14,691,982 shares issued and outstanding as of December 31, 2024 | $148.0K | $147.0K | |
| Additional Paid-in Capital | $313.7M | $261.8M | |
| Dividends in Excess of Net Income | -$35.3M | -$15.7M | |
| Accumulated Other Comprehensive Income | $1.3M | $6.8M | |
| Stockholders' Equity | $279.9M | $253.0M | |
| Noncontrolling Interest | $21.4M | $23.5M | |
| Total Equity | $301.3M | $276.5M | $275.6M |
| Total Liabilities and Equity | $715.9M | $605.0M | |
| Preferred Stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred Stock, shares authorized | 100.0M shares | 100.0M shares | |
| Preferred Stock, Liquidation Preference (in dollars per share) | $25 | ||
| Preferred Stock, shares issued | 2.1M shares | 0 shares | |
| Preferred Stock, shares outstanding | 2.1M shares | 0 shares | |
| Common Stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common Stock, shares authorized | 500.0M shares | 500.0M shares | |
| Common Stock, shares issued | 14.8M shares | 14.7M shares | |
| Common Stock, shares outstanding | 14.8M shares | 14.7M shares |
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | -$2.9M | $2.3M | $3.3M |
| Depreciation and Amortization | $27.4M | $25.6M | $25.8M |
| Amortization of Intangible Lease Assets and Liabilities to Lease Income | -$613.0K | -$517.0K | -$417.0K |
| Amortization of Deferred Financing Costs to Interest Expense | $795.0K | $720.0K | $710.0K |
| Accretion of Commercial Loans and Investments Origination Fees | -$524.0K | -$179.0K | -$18.0K |
| Gain on Disposition of Assets | -$2.1M | -$3.4M | -$9.3M |
| Provision for Impairment | $7.4M | $1.7M | $3.2M |
| Non-Cash Compensation | $380.0K | $247.0K | $318.0K |
| Straight-Line Rent Adjustment | -$703.0K | -$515.0K | -$402.0K |
| Other Assets | $374.0K | -$973.0K | $186.0K |
| Accounts Payable, Accrued Expenses, and Other Liabilities | -$1.0M | $877.0K | $132.0K |
| Prepaid Rent and Deferred Revenue | -$2.8M | -$2.3M | -$252.0K |
| Net Cash Provided By Operating Activities | $25.8M | $23.4M | $23.2M |
| Acquisition of Real Estate Including Intangible Lease Assets and Liabilities | -$101.3M | -$73.7M | -$84.1M |
| Investments in and Improvements to Real Estate | -$7.2M | -$790.0K | -$327.0K |
| Proceeds from Disposition of Assets | $69.2M | $60.2M | $106.3M |
| Acquisition of Commercial Loans and Investments | -$135.9M | -$57.9M | -$35.4M |
| Principal Payments Received on Commercial Loans and Investments | $57.7M | $2.9M | |
| Proceeds from Sale of Participation Interest | $10.0M | $13.6M | |
| Payments on Participation Obligation | -$11.4M | -$2.2M | |
| Cash Received for Commercial Loan Reserves | $15.0M | $2.2M | $2.5M |
| Net Cash Used In Investing Activities | -$103.9M | -$55.7M | -$11.1M |
| Proceeds from Long-Term Debt | $216.0M | $122.4M | $31.8M |
| Payments on Long-Term Debt | -$140.0M | -$96.9M | -$23.5M |
| Cash Paid for Loan Fees | -$141.0K | -$91.0K | -$73.0K |
| Repurchases of Common Stock | -$8.8M | -$775.0K | -$14.6M |
| Proceeds from Issuance of Preferred Stock, Net of Underwriting Discount and Expenses | $48.1M | ||
| Proceeds From Stock Issuances, Net | $12.3M | $18.6M | $12.1M |
| Dividends Paid - Preferred Stock | -$552.0K | ||
| Dividends Paid - Common Stock | -$17.7M | -$16.8M | -$17.1M |
| Net Cash Provided By (Used In) Financing Activities | $109.2M | $26.5M | -$11.4M |
| Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash | $31.0M | -$5.8M | $687.0K |
| Cash Paid for Interest | $15.1M | $12.0M | $9.2M |
| Unrealized Loss on Cash Flow Hedge | -$5.9M | -$2.7M | -$3.8M |
| Operating Partnership Unit Redemptions | $9.0M | ||
| Right-of-Use Assets and Operating Lease Liability-See Note 9 | $2.0M | ||
| Unpaid Portion of Interest Paid In Kind | $43.0K |
Compare Alpine Income Property Trust, Inc. with another company
Recent filings
- Oct 9, 20268-K
- Oct 2, 20264
- Oct 2, 20264
- Oct 2, 20264
- Oct 2, 20264
- Sep 24, 2026S-3
- Jul 30, 20264
- Jul 28, 2026144
- Jul 23, 20268-K
- Jul 23, 202610-Q
- Jul 1, 20264
- Jul 1, 20264
- Jul 1, 20264
- Jul 1, 20264
- Jun 26, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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