Get started

Financials · PINE

Alpine Income Property Trust Inc. (PINE) financials

For the twelve months ended Sep 30, 2026, Alpine Income Property Trust Inc. reported $75.77M of revenue and $12.54M of net income.

Revenue, TTM
$75.77M
Revenue growth, YoY
+31.9%
Net income, TTM
$12.54M
Net margin
16.5%
EPS, diluted, TTM
$0.47
Cash
$11.72M
Total debt
$396.68M
P/E
23.75
P/S
3.93
Market cap
$297.7M
Annual revenue$60.53M
FY2018FY2025
Annual net income-$2.66M
FY2018FY2025
Annual free cash flow-$218.71M
FY2021FY2025

PINE revenue and earnings growth

PINE revenueQ3 2026$20.46M

Quarter YoY
+40.5%
QoQ
+2.3%
FY YoY
+15.9%
5Y CAGR
+25.8%

PINE revenue was $20.46M in fiscal Q3 2026 (ended Sep 30, 2026), up 40.5% from a year earlier and up 2.3% from the prior quarter. For the full fiscal 2025 it was $60.53M, up 15.9% from fiscal 2024. Compound annual growth was +25.8% over 5 years. It rose in each of the last 5 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

PINE net incomeQ3 2026$4.69M

QoQ
+11.9%

PINE net income was $4.69M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.31M a year earlier and up 11.9% from the prior quarter. For the full fiscal 2025 it was -$2.66M, compared with $2.07M in fiscal 2024.

PINE EPSQ3 2026$0.18

QoQ
+12.5%

PINE diluted EPS was $0.18 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.09 a year earlier and up 12.5% from the prior quarter. For the full fiscal 2025 it was -$0.22, compared with $0.14 in fiscal 2024.

PINE free cash flowQ1 2026-$53.17M

PINE free cash flow was -$53.17M in fiscal Q1 2026 (ended Mar 31, 2026), compared with -$55.54M a year earlier. For the full fiscal 2025 it was -$218.71M, compared with -$108.95M in fiscal 2024.

Export CSV

Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2018
Dec 31, 2018
Revenue$60.53M$52.23M$45.64M$45.19M$30.13M$19.25M$11.72M
Gross profit$52.05M$43.97M$39.02M$39.76M---
Selling, general and admin$6.71M$6.58M$6.30M$5.78M$5.03M$4.66M$1.18M
Operating income$13.14M$14.02M$13.14M$43.48M$15.16M$2.61M$4.01M
Interest expense$16.27M$12.01M$10.16M----
Net income-$2.66M$2.07M$2.92M$29.72M$9.96M$985.0K$4.01M
EPS, basic-$0.22$0.15$0.21$2.48$1.02$0.13-
EPS, diluted-$0.22$0.14$0.19$2.17$0.89$0.11-
Diluted shares15.6M15.1M15.6M13.7M11.2M8.8M-

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2018
Dec 31, 2018
Cash and equivalents$4.59M$7.95M$4.02M$13.04M$9.50M$1.89M$8.0K
Total assets$715.87M$605.00M$564.56M$573.43M$505.51M$262.24M-
Short-term debt$100.00M------
Total debt$377.74M$301.47M$275.68M$267.12M$267.74M$106.81M-
Total liabilities$414.62M$328.50M$288.95M$278.06M$277.61M$113.15M-
Shareholders' equity$279.88M$276.50M$275.61M$295.38M$227.90M$149.09M$124.19M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2018
Dec 31, 2018
Operating cash flow$25.75M$23.42M$23.17M$24.65M$17.20M$9.39M$5.63M
Capital expenditures$244.46M$132.38M$119.88M$189.15M$223.41M--
Free cash flow-$218.71M-$108.95M-$96.72M-$164.50M-$206.21M--
Investing cash flow-$103.86M-$55.66M-$11.10M-$38.78M-$195.99M-$113.88M-$5.19M
Financing cash flow$109.16M$26.46M-$11.38M$17.67M$186.40M$94.03M-$438.0K
Dividends paid$17.74M$16.79M$17.06M$15.12M$12.16M$7.20M-
Share repurchases$8.80M$775.0K$14.62M--$5.01M-
Stock-based compensation$380.0K$247.0K$318.0K$310.0K$309.0K$268.0K$232.0K
Depreciation and amortization$27.38M$25.59M$25.76M$23.56M$15.94M$9.95M$4.90M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2018
Dec 31, 2018
Revenue growth, YoY15.9%14.4%1.0%50.0%56.5%--
Net income growth, YoY--29.2%-90.2%198.3%911.6%--
EPS growth, YoY--26.3%-91.2%143.8%709.1%--
Gross margin86.0%84.2%85.5%88.0%---
Operating margin21.7%26.8%28.8%96.2%50.3%13.6%34.3%
Net margin-4.4%4.0%6.4%65.8%33.1%5.1%34.3%
Free cash flow margin-361.3%-208.6%-211.9%-364.0%-684.5%--
Return on equity-0.9%0.7%1.1%10.1%4.4%0.7%3.2%
Return on assets-0.4%0.3%0.5%5.2%2.0%0.4%-
Debt to equity1.351.091.000.901.170.72-

Source: XBRL data Alpine Income Property Trust Inc. files with the SEC, latest filing dated Oct 22, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

PINE peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
PINE$75.77M+31.9%$12.54M16.5%$297.7M
WELL$13.79B+39.2%$1.67B12.1%$181.69B
PLD$8.95B+6.7%$3.71B41.5%$123.66B
EQIX$10.06B+11.1%$1.65B16.4%$103.94B
AMT$11.01B+5.3%$3.31B30.1%$88.29B
SPG$7.15B+16.2%$4.51B63.0%$75.61B
DLR$6.34B+12.6%$1.38B21.7%$68.43B
PSA$5.03B+5.2%$1.90B37.8%$62.77B
O$6.21B+10.8%$1.36B21.8%$56.62B

PINE FAQ

7 questions
  • What is PINE revenue?
    Alpine Income Property Trust Inc. (PINE) reported $75.77M of revenue for the twelve months ended Sep 30, 2026. That is up 31.9% from the year before. Revenue for fiscal 2025 was $60.53M.
  • Is PINE profitable?
    Yes. Alpine Income Property Trust Inc. earned $12.54M in net income for the twelve months ended Sep 30, 2026, a net margin of 16.5%.
  • How much cash and debt does PINE have?
    Alpine Income Property Trust Inc. reported $11.72M in cash and cash equivalents and $396.68M of debt on its most recent balance sheet in SEC filings.
  • How fast is PINE revenue growing?
    Alpine Income Property Trust Inc.'s revenue changed +15.9% in fiscal 2025, to $60.53M. Its compound annual growth rate was +25.8% over 5 years.
  • What is PINE earnings per share?
    Diluted earnings per share were $0.47 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did PINE last report financial results?
    The latest statements here come from Alpine Income Property Trust Inc.'s 10-Q filed on Oct 22, 2026, covering the period ended Sep 30, 2026.
  • Where does this PINE financial data come from?
    Quantisnow builds these statements from the structured XBRL data Alpine Income Property Trust Inc. files with the SEC. It is provided for information only and is not investment advice.