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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.41M | - | $14.56M | $14.86M | $14.21M | - | $13.48M | $12.49M | $12.47M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.86M | - | $1.70M | $1.70M | $1.72M | - | $1.84M | $1.60M | $1.54M | - |
| Total Operating Expenses | $11.88M | - | $12.10M | $13.31M | $13.09M | - | $10.45M | $10.41M | $9.88M | - |
| D&A | $7.21M | - | $6.60M | $6.71M | $7.31M | - | $6.34M | $6.35M | $6.38M | - |
| Operating Income | $6.62M | - | $2.42M | $2.49M | $2.27M | - | $6.46M | $3.00M | $2.58M | - |
| Interest Expense | $4.35M | - | $3.91M | $4.32M | $3.59M | - | $3.17M | $2.83M | $2.94M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | $2.19M | - | ($1.31M) | ($1.64M) | ($1.18M) | - | $3.08M | $204.0K | ($260.0K) | - |
| EPS - Basic | $0.07 | - | ($0.09) | ($0.12) | ($0.08) | - | $0.22 | $0.01 | ($0.02) | - |
| EPS - Diluted | $0.06 | - | ($0.09) | ($0.12) | ($0.08) | - | $0.21 | $0.01 | ($0.02) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.62M | $4.59M | $1.18M | $5.00M | $6.14M | $1.58M | $2.56M | $3.26M | $5.14M | $4.02M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $745.13M | $715.87M | $621.42M | $628.45M | $647.40M | $605.00M | $578.99M | $565.78M | $559.02M | $564.56M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $359.43M | $377.74M | $358.15M | $352.57M | $356.51M | $301.47M | $278.90M | $268.32M | $272.26M | $275.68M |
| Total Liabilities | $411.46M | $414.62M | $376.21M | $376.36M | $383.61M | $328.50M | $307.03M | $297.42M | $286.17M | $288.95M |
| Stockholders' Equity | $312.46M | $279.88M | $223.53M | $229.84M | $240.95M | $253.03M | $248.24M | $244.03M | $248.15M | $250.74M |
| Retained Earnings | ($39.12M) | ($35.28M) | ($32.07M) | ($26.72M) | ($21.05M) | ($15.72M) | ($10.65M) | ($9.91M) | ($6.36M) | ($2.36M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.36M | - | - | - | $7.90M | - | - | - | $6.76M | - |
| Investing Cash Flow | ($25.30M) | - | - | - | ($50.17M) | - | - | - | ($4.11M) | - |
| Financing Cash Flow | $8.99M | - | - | - | $45.89M | - | - | - | ($8.41M) | - |
| CapEx | $57.53M | - | $57.49M | $12.07M | $61.37M | - | $26.59M | $21.53M | $4.74M | - |
| Free Cash Flow | ($53.17M) | - | - | - | ($53.47M) | - | - | - | $2.02M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 36.0% | - | 16.6% | 16.8% | 16.0% | - | 47.9% | 24.0% | 20.7% | - |
| EBITDA margin | 75.2% | - | 61.9% | 61.9% | 67.4% | - | 95.0% | 74.9% | 71.9% | - |
| Net margin | 11.9% | - | -9.0% | -11.0% | -8.3% | - | 22.8% | 1.6% | -2.1% | - |
| Free cash flow margin | -288.9% | - | - | - | -376.4% | - | - | - | 16.2% | - |
| FCF / Net income | -24.33 | - | - | - | 45.35 | - | - | - | -7.79 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 10.1% | - | 11.6% | 11.4% | 12.1% | - | 13.7% | 12.8% | 12.4% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | 0.3% | - | -0.2% | -0.3% | -0.2% | - | 0.5% | 0.0% | -0.0% | - |
| Return on equity | 0.7% | - | -0.6% | -0.7% | -0.5% | - | 1.2% | 0.1% | -0.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 1.15 | 1.35 | 1.60 | 1.53 | 1.48 | 1.19 | 1.12 | 1.10 | 1.10 | 1.10 |
| Debt / Assets | 0.48 | 0.53 | 0.58 | 0.56 | 0.55 | 0.50 | 0.48 | 0.47 | 0.49 | 0.49 |
| Debt / EBITDA | 25.98 | - | 39.72 | 38.34 | 37.23 | - | 21.79 | 28.70 | 30.37 | - |
| Interest coverage | 1.5x | - | 0.6x | 0.6x | 0.6x | - | 2.0x | 1.1x | 0.9x | - |
| Equity multiplier | 2.38 | 2.56 | 2.78 | 2.73 | 2.69 | 2.39 | 2.33 | 2.32 | 2.25 | 2.25 |
| Liabilities / Assets | 0.55 | 0.58 | 0.61 | 0.60 | 0.59 | 0.54 | 0.53 | 0.53 | 0.51 | 0.51 |
| Efficiency | ||||||||||
| Asset turnover | 0.02 | - | 0.02 | 0.02 | 0.02 | - | 0.02 | 0.02 | 0.02 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 300.0x | - | - | - | - | - | 86.7x | 1556.0x | - | - |
| P / B | 1.0x | - | 1.0x | 1.0x | 1.1x | - | 1.1x | 0.9x | 0.9x | - |
| P / S | 16.4x | - | 15.0x | 15.3x | 18.7x | - | 20.2x | 18.5x | 18.2x | - |
| EV / EBITDA | 47.6x | - | 63.8x | 62.5x | 64.3x | - | 42.9x | 53.1x | 55.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 29.6% | - | 8.0% | 19.0% | 14.0% | - | 16.6% | 9.2% | 11.6% | - |
| Revenue CAGR (3y) | 18.1% | - | 8.1% | 9.6% | 9.6% | - | 18.2% | - | 28.4% | - |
| Revenue CAGR (5y) | 25.6% | - | 33.9% | 36.9% | 27.8% | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 191.7% | - | -62.6% | -16.9% | -12.2% | - | 368.5% | 18.6% | -59.4% | - |
| Net income growth (YoY) | - | - | - | - | -353.5% | - | - | 155.0% | - | - |
| EPS growth (YoY) | - | - | - | - | -300.0% | - | - | 0.0% | - | - |
| EPS CAGR (3y) | -34.1% | - | - | - | - | - | 44.2% | - | - | - |
| EPS CAGR (5y) | 3.7% | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 0.6% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 29.7% | 10.6% | -10.0% | -5.8% | -2.9% | 0.9% | -5.7% | -10.0% | -8.4% | -4.2% |
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 |