Alpine Income Property Trust Inc (PINE) financial statements: income statement, balance sheet and cash flow
Alpine Income Property Trust Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Alpine Income Property Trust Inc reported revenue of $60.5M (+15.9% year on year) and net income of $13.1M (-6.3% year on year).
Income statement
Alpine Income Property Trust Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Lease Income
$48.7M
$46.0M
$45.0M
$45.2M
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
$45.2M
Real Estate Expenses
$8.0M
$7.8M
$6.6M
$5.4M
General and Administrative Expenses
$6.7M
$6.6M
$6.3M
$5.8M
Provision for Impairment
$7.4M
$1.7M
$3.2M
—
Depreciation and Amortization
$27.4M
$25.6M
$25.8M
$23.6M
Total Operating Expenses
$49.5M
$41.7M
$41.9M
$34.8M
Gain on Disposition of Assets
$2.1M
$3.4M
$9.3M
$33.8M
Net Income From Operations
$13.1M
$14.0M
$13.1M
$43.5M
Investment and Other Income
$242.0K
$247.0K
$289.0K
—
Interest Expense
($16.3M)
($12.0M)
($10.2M)
$9.5M
Net Income (Loss)
($2.9M)
$2.3M
$3.3M
$34.0M
Less: Net Loss (Income) Attributable to Noncontrolling Interest
$228.0K
($188.0K)
($349.0K)
($4.2M)
Net Income (Loss) Attributable to Alpine Income Property Trust, Inc.
($2.7M)
$2.1M
$2.9M
$29.7M
Less: Distributions to Preferred Stockholders
($552.0K)
—
—
—
Net Income (Loss) Attributable to Common Stockholders
($3.2M)
—
—
—
Basic (in dollars per share)
-$0.22
$0.15
$0.21
$2.48
Diluted (in dollars per share)
-$0.22
$0.14
$0.19
$2.17
Basic (in shares)
14.3M
13.9M
13.9M
12.0M
Diluted (in shares)
15.6M
15.1M
15.6M
13.7M
Alpine Income Property Trust Inc income statement, quarters
Line item
Sep 30, 2026 · Q3
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Lease Income
$12.8M
$12.6M
$12.6M
$12.1M
Interest Income from Commercial Loans and Investments
$7.6M
$7.3M
$5.8M
$2.3M
Other Revenue
$37.0K
$34.0K
$46.0K
$121.0K
Total Revenues
$20.5M
$20.0M
$18.4M
$14.6M
Real Estate Expenses
$2.1M
$2.1M
$2.3M
$1.9M
General and Administrative Expenses
$2.0M
$2.0M
$1.9M
$1.7M
Provision for Impairment and Adjustment to CECL Reserve
($76.0K)
—
—
—
Depreciation and Amortization
$6.9M
$6.8M
$7.2M
$6.6M
Total Operating Expenses
$10.9M
$11.3M
$11.9M
$12.1M
Gain (Loss) on Disposition of Assets
$272.0K
—
$97.0K
($46.0K)
Net Income From Operations
$9.8M
$8.7M
$6.6M
$2.4M
Investment and Other Income
$17.0K
$364.0K
$91.0K
$68.0K
Interest Expense
($4.8M)
($4.6M)
($4.4M)
($3.9M)
Net Income (Loss)
$5.0M
$4.5M
$2.4M
($1.4M)
Less: Net Loss (Income) Attributable to Noncontrolling Interest
($324.0K)
($301.0K)
($172.0K)
$113.0K
Net Income (Loss) Attributable to Alpine Income Property Trust, Inc.
$4.7M
$4.2M
$2.2M
($1.3M)
Less: Distributions to Preferred Stockholders
($1.2M)
($1.2M)
($1.1M)
—
Net Income (Loss) Attributable to Common Stockholders
$3.4M
$3.0M
$1.1M
—
Basic (in dollars per share)
$0.19
$0.18
$0.07
-$0.09
Diluted (in dollars per share)
$0.18
$0.16
$0.06
-$0.09
Basic (in shares)
17.7M
17.1M
15.5M
14.2M
Diluted (in shares)
18.9M
18.3M
16.8M
15.4M
Balance sheet
Alpine Income Property Trust Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Land, at Cost
$151.6M
$147.9M
$149.3M
$176.9M
Building and Improvements, at Cost
$344.1M
$342.0M
$329.0M
$322.5M
Total Real Estate, at Cost
$495.8M
$489.9M
$478.3M
$499.4M
Less, Accumulated Depreciation
($54.4M)
($45.9M)
($34.7M)
($22.3M)
Real Estate-Net
$441.3M
$444.0M
$443.6M
$477.1M
Assets Held for Sale
$8.1M
$2.3M
$4.4M
—
Commercial Loans and Investments
$167.6M
$89.6M
$35.1M
—
Cash and Cash Equivalents
$4.6M
$1.6M
$4.0M
$9.0M
Restricted Cash
$34.4M
$6.4M
$9.7M
$4.0M
Intangible Lease Assets-Net
$48.9M
$43.9M
$49.3M
$60.4M
Straight-Line Rent Adjustment
$2.1M
$1.5M
$1.4M
$1.7M
Other Assets
$8.9M
$15.7M
$17.0M
$21.2M
Total Assets
$715.9M
$605.0M
$564.6M
$573.4M
Accounts Payable, Accrued Expenses, and Other Liabilities
$7.9M
$8.4M
$5.2M
$4.4M
Prepaid Rent and Deferred Revenue
$14.0M
$2.4M
$3.2M
$1.5M
Intangible Lease Liabilities-Net
$5.0M
$4.8M
$4.9M
$5.0M
Obligation Under Participation Agreement
$10.0M
$11.4M
—
—
Long-Term Debt-Net
$377.7M
$301.5M
$275.7M
$267.1M
Total Liabilities
$414.6M
$328.5M
$288.9M
$278.1M
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
$21000.00
—
—
—
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
$148000.00
$147000.00
$137000.00
$134000.00
Additional Paid-in Capital
$313.7M
$261.8M
$243.7M
$236.8M
Dividends in Excess of Net Income
($35.3M)
($15.7M)
($2.4M)
$10.0M
Accumulated Other Comprehensive Income
$1.3M
$6.8M
$9.3M
$14.6M
Stockholders' Equity
$279.9M
$253.0M
$250.7M
$261.6M
Noncontrolling Interest
$21.4M
$23.5M
$24.9M
$33.8M
Total Equity
$301.3M
$276.5M
$275.6M
$295.4M
Total Liabilities and Equity
$715.9M
$605.0M
$564.6M
$573.4M
Alpine Income Property Trust Inc balance sheet, quarters
Line item
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Land, at Cost
$175.2M
$166.6M
$154.7M
$151.5M
Building and Improvements, at Cost
$373.1M
$349.4M
$342.4M
$350.3M
Total Real Estate, at Cost
$548.3M
$516.0M
$497.0M
$501.8M
Less, Accumulated Depreciation
($67.0M)
($62.9M)
($58.6M)
($54.0M)
Real Estate - Net
$481.3M
$453.2M
$438.5M
$447.8M
Assets Held for Sale
$966.0K
$375.0K
$375.0K
$9.8M
Commercial Loans and Investments
$231.4M
$238.6M
$217.2M
$102.8M
Cash and Cash Equivalents
$11.7M
$2.8M
$2.6M
$1.2M
Restricted Cash
$19.1M
$23.3M
$24.4M
$5.5M
Intangible Lease Assets - Net
$47.9M
$46.2M
$46.8M
$41.8M
Straight-Line Rent Adjustment
$2.6M
$2.4M
$2.2M
$1.9M
Other Assets
$26.1M
$14.8M
$13.1M
$10.6M
Total Assets
$821.1M
$781.5M
$745.1M
$621.4M
Accounts Payable, Accrued Expenses, and Other Liabilities
$16.6M
$14.1M
$11.1M
$8.9M
Prepaid Rent and Deferred Revenue
$14.3M
$17.7M
$16.1M
$5.3M
Intangible Lease Liabilities - Net
$6.1M
$4.6M
$4.6M
$3.8M
Obligation Under Participation Agreement
$18.5M
$19.1M
$20.3M
—
Long-Term Debt - Net
$396.7M
$367.6M
$359.4M
$358.2M
Total Liabilities
$452.2M
$423.0M
$411.5M
$376.2M
Preferred Stock, 100 million shares authorized, $0.01 par value per share, 8.00% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 2,489,747 shares issued and outstanding as of September 30, 2026 and 2,083,328 shares issued and outstanding as of December 31, 2025
$25000.00
$24000.00
$23000.00
—
Common Stock, $0.01 par value per share, 500 million shares authorized, 17,935,407 shares issued and outstanding as of September 30, 2026 and 14,783,419 shares issued and outstanding as of December 31, 2025
$179000.00
$176000.00
$165000.00
$142000.00
Additional Paid-in Capital
$383.4M
$375.3M
$349.9M
$253.2M
Dividends in Excess of Net Income
($43.7M)
($41.4M)
($39.1M)
($32.1M)
Accumulated Other Comprehensive Income
$7.5M
$3.1M
$1.5M
$2.3M
Stockholders' Equity
$347.4M
$337.3M
$312.5M
$223.5M
Noncontrolling Interest
$21.5M
$21.3M
$21.2M
$21.7M
Total Equity
$368.9M
$358.5M
$333.7M
$245.2M
Total Liabilities and Equity
$821.1M
$781.5M
$745.1M
$621.4M
Cash flow statement
Alpine Income Property Trust Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net Income (Loss)
($2.9M)
$2.3M
$3.3M
$34.0M
Depreciation and Amortization
$27.4M
$25.6M
$25.8M
$23.6M
Amortization of Intangible Lease Assets and Liabilities to Lease Income
($613.0K)
($517.0K)
($417.0K)
($328.0K)
Amortization of Deferred Financing Costs to Interest Expense
$795.0K
$720.0K
$710.0K
$599.0K
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)
($33.8M)
Provision for Impairment
$7.4M
$1.7M
$3.2M
—
Non-Cash Compensation
$380.0K
$247.0K
$318.0K
$310.0K
Straight-Line Rent Adjustment
($703.0K)
($515.0K)
($402.0K)
($935.0K)
Other Assets
$374.0K
($973.0K)
$186.0K
$552.0K
Accounts Payable, Accrued Expenses, and Other Liabilities
($1.0M)
$939.0K
$670.0K
$217.0K
Prepaid Rent and Deferred Revenue
($2.8M)
($212.0K)
$1.7M
($253.0K)
Net Cash Provided By Operating Activities
$25.8M
$25.6M
$25.6M
$24.7M
Acquisition of Real Estate Including Intangible Lease Assets and Liabilities
($101.3M)
($74.5M)
($84.5M)
($189.1M)
Investments in and Improvements to Real Estate
($7.2M)
—
—
—
Proceeds from Disposition of Assets
$69.2M
$60.2M
$106.3M
$150.4M
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
—
—
—
Net Cash Used In Investing Activities
($103.9M)
($57.8M)
($13.6M)
($38.8M)
Proceeds from Long-Term Debt
$216.0M
$122.4M
$31.8M
$277.0M
Payments on Long-Term Debt
($140.0M)
($96.9M)
($23.5M)
($277.8M)
Cash Paid for Loan Fees
($141.0K)
($91.0K)
($73.0K)
($2.1M)
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
$35.6M
Dividends Paid - Preferred Stock
($552.0K)
—
—
—
Dividends Paid - Common Stock
($17.7M)
($16.8M)
($17.1M)
($15.1M)
Net Cash Provided By (Used In) Financing Activities
$109.2M
$26.5M
($11.4M)
$17.7M
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash
$31.0M
($5.8M)
$687.0K
$3.5M
Cash and Cash Equivalents and Restricted Cash, Beginning of Period
$8.0M
$13.7M
$13.0M
$9.5M
Cash and Cash Equivalents and Restricted Cash, End of Period
$39.0M
$8.0M
$13.7M
$13.0M
Cash Paid for Interest
$15.1M
$12.0M
$9.2M
$7.8M
Unrealized Loss on Cash Flow Hedge
($5.9M)
($2.7M)
($3.8M)
$12.7M
Unpaid Portion of Interest Paid In Kind
$43.0K
—
—
—
Alpine Income Property Trust Inc cash flow statement, quarters
Line item
Sep 30, 2026 · YTD
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Net Income (Loss)
$11.9M
$6.8M
$2.4M
($4.5M)
Depreciation and Amortization
$20.9M
$14.0M
$7.2M
$20.6M
Amortization of Intangible Lease Assets and Liabilities to Lease Income
($733.0K)
($477.0K)
($236.0K)
($422.0K)
Amortization of Deferred Financing Costs to Interest Expense
$871.0K
$568.0K
$265.0K
$591.0K
Accretion of Commercial Loans and Investments Origination Fees
($1.0M)
($606.0K)
($256.0K)
($324.0K)
Paid-In-Kind Accrued Interest
($2.3M)
($1.4M)
($544.0K)
—
Gain on Disposition of Assets
($369.0K)
($97.0K)
($97.0K)
($2.0M)
Provision for Impairment and Adjustment to CECL Reserve
$809.0K
—
—
—
Non-Cash Compensation
$285.0K
$190.0K
$95.0K
$285.0K
Straight-Line Rent Adjustment
($508.0K)
($317.0K)
($157.0K)
($539.0K)
Other Assets
($8.9M)
($2.1M)
($1.9M)
$74.0K
Accounts Payable, Accrued Expenses, and Other Liabilities
$3.0M
$74.0K
$70.0K
$259.0K
Prepaid Rent and Deferred Revenue
($11.3M)
($7.0M)
($3.0M)
$2.9M
Net Cash Provided By Operating Activities
$12.6M
$10.6M
$4.4M
$23.7M
Acquisition of Real Estate Including Intangible Lease Assets and Liabilities
($55.0M)
($20.5M)
—
($67.5M)
Investments in and Improvements to Real Estate
($1.5M)
($346.0K)
—
—
Proceeds from Disposition of Assets
$5.9M
$5.5M
$5.5M
$32.6M
Acquisition of Commercial Loans and Investments
($97.2M)
($87.2M)
($57.5M)
($63.4M)
Principal Payments Received on Commercial Loans and Investments
$36.0M
$17.5M
$8.2M
$50.5M
Proceeds from Sale of Participation Interest
$10.8M
$10.8M
$10.8M
—
Payments on Participation Obligation
($2.2M)
($1.7M)
($465.0K)
($11.4M)
Cash Received for Commercial Loan Reserves
$17.4M
$16.9M
$8.2M
—
Net Cash Used In Investing Activities
($85.9M)
($59.0M)
($25.3M)
($59.2M)
Proceeds from Long-Term Debt
$356.1M
$289.6M
$240.1M
$115.5M
Payments on Long-Term Debt
($335.6M)
($298.1M)
($256.6M)
($59.0M)
Cash Paid for Loan Fees
($4.2M)
($4.2M)
($4.2M)
($111.0K)
Proceeds From Stock Issuances, Net
$69.5M
$61.5M
$36.1M
($71.0K)
Dividends Paid - Preferred Stock
($3.6M)
($2.3M)
($1.1M)
—
Dividends Paid - Common Stock
($17.0M)
($10.9M)
($5.3M)
($13.3M)
Net Cash Provided By Financing Activities
$65.1M
$35.5M
$9.0M
$34.3M
Net Decrease in Cash and Cash Equivalents and Restricted Cash
($8.1M)
($12.9M)
($12.0M)
($1.3M)
Cash and Cash Equivalents and Restricted Cash, Beginning of Period
$39.0M
$39.0M
$39.0M
$8.0M
Cash and Cash Equivalents and Restricted Cash, End of Period