PINE · Alpine Income Property Trust, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $60.53M | $52.23M | $45.64M | $45.20M | $30.13M | $19.25M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | $52.05M | $43.97M | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $6.71M | $6.58M | $6.30M | $5.78M | $5.03M | $4.66M |
| Total Operating Expenses | $49.46M | $41.66M | $41.86M | $34.78M | $24.64M | $16.93M |
| D&A | $27.38M | $25.59M | $25.76M | $23.56M | $15.94M | $9.95M |
| Operating Income | $13.14M | $14.02M | $13.14M | $43.49M | $15.16M | $2.61M |
| Interest Expense | $16.27M | $12.01M | $10.16M | $9.54M | $3.70M | $1.46M |
| Income Tax | - | - | - | - | - | - |
| Net Income | ($2.66M) | $2.07M | $2.92M | $29.72M | $9.96M | $985.0K |
| 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 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $4.59M | $1.58M | $4.02M | $9.02M | $8.85M | $1.89M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $715.87M | $605.00M | $564.56M | $573.43M | $505.51M | $261.59M |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $377.74M | $301.47M | $275.68M | $267.12M | $267.74M | $106.16M |
| Total Liabilities | $414.62M | $328.50M | $288.95M | $278.06M | $277.61M | $112.50M |
| Stockholders' Equity | $279.88M | $253.03M | $250.74M | $261.62M | $196.52M | $126.76M |
| Retained Earnings | ($35.28M) | ($15.72M) | ($2.36M) | $10.04M | ($6.42M) | ($5.71M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $25.75M | $25.61M | $25.64M | $24.65M | $17.20M | $9.39M |
| Investing Cash Flow | ($103.86M) | ($57.84M) | ($13.58M) | ($38.78M) | ($195.99M) | ($113.88M) |
| Financing Cash Flow | $109.16M | $26.46M | ($11.38M) | $17.67M | $186.40M | $94.03M |
| CapEx | $244.46M | $132.38M | $223.41M | - | - | - |
| Free Cash Flow | ($218.71M) | ($106.77M) | ($197.76M) | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 86.0% | 84.2% | - | - | - | - |
| Operating margin | 21.7% | 26.8% | 28.8% | 96.2% | 50.3% | 13.6% |
| EBITDA margin | 66.9% | 75.8% | 85.2% | 148.3% | 103.2% | 65.2% |
| Net margin | -4.4% | 4.0% | 6.4% | 65.7% | 33.1% | 5.1% |
| Free cash flow margin | -361.3% | -204.4% | -433.3% | - | - | - |
| FCF / Net income | 82.31 | -51.68 | -67.80 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 11.1% | 12.6% | 13.8% | 12.8% | 16.7% | 24.2% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -0.4% | 0.3% | 0.5% | 5.2% | 2.0% | 0.4% |
| Return on equity | -0.9% | 0.8% | 1.2% | 11.4% | 5.1% | 0.8% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 1.35 | 1.19 | 1.10 | 1.02 | 1.36 | 0.84 |
| Debt / Assets | 0.53 | 0.50 | 0.49 | 0.47 | 0.53 | 0.41 |
| Debt / EBITDA | 9.32 | 7.61 | 7.09 | 3.98 | 8.61 | 8.45 |
| Interest coverage | 0.8x | 1.2x | 1.3x | 4.6x | 4.1x | 1.8x |
| Equity multiplier | 2.56 | 2.39 | 2.25 | 2.19 | 2.57 | 2.06 |
| Liabilities / Assets | 0.58 | 0.54 | 0.51 | 0.48 | 0.55 | 0.43 |
| Efficiency | ||||||
| Asset turnover | 0.08 | 0.09 | 0.08 | 0.08 | 0.06 | 0.07 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 119.9x | 89.0x | 8.8x | 22.5x | 136.3x |
| P / B | 0.9x | 1.0x | 1.0x | 1.0x | 1.1x | 1.0x |
| P / S | 4.3x | 4.8x | 5.8x | 5.8x | 7.5x | 6.9x |
| EV / EBITDA | 15.6x | 14.0x | 13.7x | 7.7x | 15.6x | 18.8x |
| Growth | ||||||
| Revenue growth (YoY) | 15.9% | 14.4% | 1.0% | 50.0% | 56.5% | - |
| Revenue CAGR (3y) | 10.2% | 20.1% | 33.4% | - | - | - |
| Revenue CAGR (5y) | 25.8% | - | - | - | - | - |
| Gross profit growth (YoY) | 18.4% | - | - | - | - | - |
| Operating income growth (YoY) | -6.3% | 6.6% | -69.8% | 186.8% | 481.0% | - |
| Net income growth (YoY) | - | -29.2% | -90.2% | 198.3% | 911.6% | - |
| EPS growth (YoY) | - | -26.3% | -91.2% | 143.8% | 709.1% | - |
| EPS CAGR (3y) | - | -46.0% | 20.0% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -104.8% | 46.0% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 10.6% | 0.9% | -4.2% | 33.1% | 55.0% | - |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Alpine Income Property Trust against the 5 most active filers in the same SIC group.
Dividends
$1.15/share trailing 12 months · +3.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 12, 2026 | $0.3000 |
| Dec 11, 2025 | $0.2850 |
| Sep 11, 2025 | $0.2850 |
| Jun 12, 2025 | $0.2850 |
| Mar 13, 2025 | $0.2850 |
| Dec 12, 2024 | $0.2800 |
| Sep 12, 2024 | $0.2800 |
| Jun 13, 2024 | $0.2750 |
| Mar 13, 2024 | $0.2750 |
| Dec 13, 2023 | $0.2750 |
| Sep 13, 2023 | $0.2750 |
| Jun 7, 2023 | $0.2750 |
| Mar 8, 2023 | $0.2750 |
| Dec 9, 2022 | $0.2750 |
| Sep 9, 2022 | $0.2750 |
| Jun 8, 2022 | $0.2700 |
| Mar 9, 2022 | $0.2700 |
| Dec 8, 2021 | $0.2700 |
| Sep 8, 2021 | $0.2550 |
| Jun 18, 2021 | $0.2500 |
| Mar 19, 2021 | $0.2400 |
| Dec 14, 2020 | $0.2200 |
| Sep 14, 2020 | $0.2000 |
| Jun 12, 2020 | $0.2000 |