Alpine Income Property Trust, Inc. (PINE) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Alpine Income Property Trust reported revenue of $60.5M, up 15.9% from $52.2M the year before. Net income was -$2.7M (a -4.4% net margin), or -$0.22 per diluted share. Gross margin was 86.0% and operating margin was 21.7%. Operating activities generated $25.8M of cash, leaving -$218.7M of free cash flow. At fiscal year end, Alpine Income Property Trust held $715.9M in total assets against $414.6M in total liabilities, including $4.6M of cash and equivalents.
Open the full interactive Alpine Income Property Trust financials → Quarterly statements, key ratios, valuation history and price charts.
Alpine Income Property Trust Key Stats
| Share Price | $18.36 |
|---|---|
| Market Cap | $335.8M |
| Revenue YoY Growth | +15.9% |
| 52-Week Range | $12.68 – $21.38 |
| Shares Outstanding | 17.1 million (basic, 2026 Q2) |
Alpine Income Property Trust Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $19.2M | $30.1M | $45.2M | $45.6M | $52.2M | $60.5M |
| Gross Profit | — | — | — | — | $44.0M | $52.1M |
| Operating Income | $2.6M | $15.2M | $43.5M | $13.1M | $14.0M | $13.1M |
| Pre-Tax Income | $985,000 | $10.0M | $29.7M | $2.9M | $2.1M | -$2.7M |
| Net Income | $985,000 | $10.0M | $29.7M | $2.9M | $2.1M | -$2.7M |
| Diluted EPS | $0.11 | $0.89 | $2.17 | $0.19 | $0.14 | -$0.22 |
Alpine Income Property Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $14.6M | $16.9M | $18.4M | $20.0M |
| Net Income | -$1.3M | $1.5M | $2.2M | $4.2M |
| Diluted EPS | -$0.09 | $0.09 | $0.06 | $0.16 |
Alpine Income Property Trust Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.9M | $8.9M | $9.0M | $4.0M | $1.6M | $4.6M |
| Total Assets | $261.6M | $505.5M | $573.4M | $564.6M | $605.0M | $715.9M |
| Total Long-Term Debt | $106.2M | $267.7M | $267.1M | $275.7M | $301.5M | $377.7M |
| Total Liabilities | $112.5M | $277.6M | $278.1M | $288.9M | $328.5M | $414.6M |
| Shareholders' Equity | $126.8M | $196.5M | $261.6M | $250.7M | $253.0M | $279.9M |
Alpine Income Property Trust Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $9.4M | $17.2M | $24.7M | $25.6M | $25.6M | $25.8M |
| Cash From Investing | -$113.9M | -$196.0M | -$38.8M | -$13.6M | -$57.8M | -$103.9M |
| Cash From Financing | $94.0M | $186.4M | $17.7M | -$11.4M | $26.5M | $109.2M |
| Free Cash Flow | — | — | — | -$94.2M | -$106.8M | -$218.7M |
Figures from Alpine Income Property Trust's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Alpine Income Property Trust financials page for every line item.
Alpine Income Property Trust Company Profile
| Ticker | PINE |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Winter Park, Florida |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001786117 |
Frequently Asked Questions
What was Alpine Income Property Trust's revenue in fiscal 2025?
Alpine Income Property Trust (PINE) reported revenue of $60.5M for fiscal 2025.
What is Alpine Income Property Trust's annual revenue history?
Alpine Income Property Trust's annual revenue by fiscal year: 2020: $19.2M; 2021: $30.1M; 2022: $45.2M; 2023: $45.6M; 2024: $52.2M; 2025: $60.5M.
What was Alpine Income Property Trust's net income in fiscal 2025?
Alpine Income Property Trust reported net income of -$2.7M for fiscal 2025.
What was Alpine Income Property Trust's earnings per share (EPS) in fiscal 2025?
Alpine Income Property Trust's diluted EPS was -$0.22 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Alpine Income Property Trust generate in fiscal 2025?
Alpine Income Property Trust generated -$218.7M of free cash flow in fiscal 2025.
What was Alpine Income Property Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), Alpine Income Property Trust reported revenue of $20.0M.
How much debt does Alpine Income Property Trust have?
Alpine Income Property Trust reported $377.7M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Alpine Income Property Trust are outstanding?
Alpine Income Property Trust reported a weighted average of 17.1 million basic shares outstanding in 2026 Q2.
What is Alpine Income Property Trust's market cap?
Based on its latest closing price, Alpine Income Property Trust (PINE) has a market capitalization of about $335.8M.
When does Alpine Income Property Trust's fiscal year end?
Alpine Income Property Trust's fiscal year end, as registered with the SEC, is December 31.
Where is Alpine Income Property Trust headquartered?
Alpine Income Property Trust lists its business address in Winter Park, Florida in its SEC filings.