Alpine Income Property Trust, Inc. Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Alpine Income Property Trust, Inc. has an operating margin of 21.7%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 26.8% the prior year.
Alpine Income Property Trust, Inc.'s revenue surged 15.9% year-over-year to $60.5M, reflecting rapid business expansion. This strong growth earns a score of 74/100.
Alpine Income Property Trust, Inc. has a moderate D/E ratio of 1.35. This balance of debt and equity financing earns a leverage score of 61/100.
While Alpine Income Property Trust, Inc. generated $25.8M in operating cash flow, capex of $244.5M consumed most of it, leaving -$218.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Alpine Income Property Trust, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Alpine Income Property Trust, Inc. generates $-9.69 in operating cash flow ($25.8M OCF vs -$2.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Alpine Income Property Trust, Inc. earns $0.8 in operating income for every $1 of interest expense ($13.1M vs $16.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Alpine Income Property Trust, Inc. (PINE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Alpine Income Property Trust, Inc. generated $60.5M in revenue in fiscal year 2025. This represents an increase of 15.9% from the prior year.
Alpine Income Property Trust, Inc.'s EBITDA was $40.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2.3% from the prior year.
Alpine Income Property Trust, Inc. generated -$218.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 100.7% from the prior year.
Alpine Income Property Trust, Inc. reported -$2.7M in net income in fiscal year 2025. This represents a decrease of 228.6% from the prior year.
Alpine Income Property Trust, Inc. earned $-0.22 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 257.1% from the prior year.
Alpine Income Property Trust, Inc. held $4.6M in cash against $377.7M in long-term debt as of fiscal year 2025.
Alpine Income Property Trust, Inc. paid $1.14 per share in dividends in fiscal year 2025. This represents an increase of 3.6% from the prior year.
Alpine Income Property Trust, Inc. had 15M shares outstanding in fiscal year 2025. This represents an increase of 2.7% from the prior year.
Alpine Income Property Trust, Inc.'s gross margin was 86.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.
Alpine Income Property Trust, Inc.'s operating margin was 21.7% in fiscal year 2025, reflecting core business profitability. This is down 5.1 percentage points from the prior year.
Alpine Income Property Trust, Inc.'s net profit margin was -4.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.3 percentage points from the prior year.
Alpine Income Property Trust, Inc. spent $8.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1035.2% from the prior year.
Alpine Income Property Trust, Inc. invested $244.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 84.7% from the prior year.
PINE Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.9M+16.0% | $14.6M-2.0% | $14.9M+4.6% | $14.2M+3.0% | $13.8M+2.3% | $13.5M+7.9% | $12.5M+0.2% | $12.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.6M-5.5% | $1.7M-0.1% | $1.7M-1.1% | $1.7M+8.1% | $1.6M-13.8% | $1.8M+15.0% | $1.6M+3.9% | $1.5M |
| Operating Income | $6.0M+146.3% | $2.4M-2.9% | $2.5M+9.8% | $2.3M+14.9% | $2.0M-69.4% | $6.5M+115.5% | $3.0M+16.0% | $2.6M |
| Interest Expense | $4.4M+13.6% | $3.9M-9.5% | $4.3M+20.3% | $3.6M+16.8% | $3.1M-2.9% | $3.2M+11.9% | $2.8M-3.5% | $2.9M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $1.5M+212.4% | -$1.3M+20.2% | -$1.6M-39.2% | -$1.2M-23.1% | -$958K-131.1% | $3.1M+1409.8% | $204K+178.5% | -$260K |
| EPS (Diluted) | $0.07+177.8% | $-0.09+25.0% | $-0.12-50.0% | $-0.08-33.3% | $-0.06-128.6% | $0.21+2000.0% | $0.01+150.0% | $-0.02 |
PINE Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $715.9M+15.2% | $621.4M-1.1% | $628.4M-2.9% | $647.4M+7.0% | $605.0M+4.5% | $579.0M+2.3% | $565.8M+1.2% | $559.0M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $4.6M+287.9% | $1.2M-76.3% | $5.0M-18.5% | $6.1M+289.0% | $1.6M-38.4% | $2.6M-21.5% | $3.3M-36.6% | $5.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $414.6M+10.2% | $376.2M0.0% | $376.4M-1.9% | $383.6M+16.8% | $328.5M+7.0% | $307.0M+3.2% | $297.4M+3.9% | $286.2M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $377.7M+5.5% | $358.2M+1.6% | $352.6M-1.1% | $356.5M+18.3% | $301.5M+8.1% | $278.9M+3.9% | $268.3M-1.4% | $272.3M |
| Total Equity | $279.9M+25.2% | $223.5M-2.7% | $229.8M-4.6% | $240.9M-4.8% | $253.0M+1.9% | $248.2M+1.7% | $244.0M-1.7% | $248.2M |
| Retained Earnings | -$35.3M-10.0% | -$32.1M-20.0% | -$26.7M-27.0% | -$21.0M-33.9% | -$15.7M-47.6% | -$10.7M-7.5% | -$9.9M-55.7% | -$6.4M |
PINE Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.1M-76.0% | $8.7M+24.3% | $7.0M-11.1% | $7.9M+226.6% | $2.4M-61.1% | $6.2M-22.6% | $8.0M+18.8% | $6.8M |
| Capital Expenditures | $113.5M+97.5% | $57.5M+376.5% | $12.1M-80.3% | $61.4M+7.9% | $56.9M+15.4% | $49.3M+128.8% | $21.5M+354.6% | $4.7M |
| Free Cash Flow | -$111.4M-128.5% | -$48.8M-867.0% | -$5.0M+90.6% | -$53.5M+1.8% | -$54.4M-26.5% | -$43.0M-218.9% | -$13.5M-766.4% | $2.0M |
| Investing Cash Flow | -$44.6M-191.1% | -$15.3M-344.4% | $6.3M+112.5% | -$50.2M-4.2% | -$48.1M-2423.0% | -$1.9M-26.4% | -$1.5M+63.2% | -$4.1M |
| Financing Cash Flow | $74.9M+6617.5% | $1.1M+108.8% | -$12.7M-127.8% | $45.9M+79.1% | $25.6M+47.6% | $17.4M+314.1% | -$8.1M+3.6% | -$8.4M |
| Dividends Paid | $4.5M+2.1% | $4.4M+0.1% | $4.4M-2.5% | $4.5M+0.9% | $4.5M+6.9% | $4.2M+2.0% | $4.1M0.0% | $4.1M |
| Share Buybacks | $0 | $0-100.0% | $4.3M-3.7% | $4.5M | $0 | $0 | $0-100.0% | $775K |
PINE Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 35.3%+18.7pp | 16.6%-0.2pp | 16.8%+0.8pp | 16.0%+1.7pp | 14.3%-33.6pp | 47.9%+23.9pp | 24.0%+3.3pp | 20.7% |
| Net Margin | 8.7%+17.7pp | -9.0%+2.0pp | -11.0%-2.7pp | -8.3%-1.3pp | -7.0%-29.8pp | 22.9%+21.2pp | 1.6%+3.7pp | -2.1% |
| Return on Equity | 0.5% | N/A | N/A | N/A | N/A | 1.2%+1.2pp | 0.1% | N/A |
| Return on Assets | 0.2%+0.4pp | -0.2%+0.1pp | -0.3%-0.1pp | -0.2%-0.0pp | -0.2%-0.7pp | 0.5%+0.5pp | 0.0%+0.1pp | -0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.35-0.3 | 1.60+0.1 | 1.53+0.1 | 1.48+0.3 | 1.19+0.1 | 1.12+0.0 | 1.100.0 | 1.10 |
| FCF Margin | -659.4%-324.5pp | -334.9%-300.9pp | -33.9%+342.5pp | -376.4%+18.4pp | -394.8%-75.4pp | -319.3%-211.2pp | -108.0%-124.3pp | 16.2% |
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Frequently Asked Questions
What is Alpine Income Property Trust, Inc.'s annual revenue?
Alpine Income Property Trust, Inc. (PINE) reported $60.5M in total revenue for fiscal year 2025. This represents a 15.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Alpine Income Property Trust, Inc.'s revenue growing?
Alpine Income Property Trust, Inc. (PINE) revenue grew by 15.9% year-over-year, from $52.2M to $60.5M in fiscal year 2025.
Is Alpine Income Property Trust, Inc. profitable?
No, Alpine Income Property Trust, Inc. (PINE) reported a net income of -$2.7M in fiscal year 2025, with a net profit margin of -4.4%.
What is Alpine Income Property Trust, Inc.'s earnings per share (EPS)?
Alpine Income Property Trust, Inc. (PINE) reported diluted earnings per share of $-0.22 for fiscal year 2025. This represents a -257.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Alpine Income Property Trust, Inc.'s EBITDA?
Alpine Income Property Trust, Inc. (PINE) had EBITDA of $40.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Alpine Income Property Trust, Inc. have?
As of fiscal year 2025, Alpine Income Property Trust, Inc. (PINE) had $4.6M in cash and equivalents against $377.7M in long-term debt.
What is Alpine Income Property Trust, Inc.'s gross margin?
Alpine Income Property Trust, Inc. (PINE) had a gross margin of 86.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Alpine Income Property Trust, Inc.'s operating margin?
Alpine Income Property Trust, Inc. (PINE) had an operating margin of 21.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Alpine Income Property Trust, Inc.'s net profit margin?
Alpine Income Property Trust, Inc. (PINE) had a net profit margin of -4.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Alpine Income Property Trust, Inc. pay dividends?
Yes, Alpine Income Property Trust, Inc. (PINE) paid $1.14 per share in dividends during fiscal year 2025.
What is Alpine Income Property Trust, Inc.'s free cash flow?
Alpine Income Property Trust, Inc. (PINE) generated -$218.7M in free cash flow during fiscal year 2025. This represents a -100.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Alpine Income Property Trust, Inc.'s operating cash flow?
Alpine Income Property Trust, Inc. (PINE) generated $25.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Alpine Income Property Trust, Inc.'s total assets?
Alpine Income Property Trust, Inc. (PINE) had $715.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Alpine Income Property Trust, Inc.'s capital expenditures?
Alpine Income Property Trust, Inc. (PINE) invested $244.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Does Alpine Income Property Trust, Inc. buy back shares?
Yes, Alpine Income Property Trust, Inc. (PINE) spent $8.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Alpine Income Property Trust, Inc. have outstanding?
Alpine Income Property Trust, Inc. (PINE) had 15M shares outstanding as of fiscal year 2025.
What is Alpine Income Property Trust, Inc.'s debt-to-equity ratio?
Alpine Income Property Trust, Inc. (PINE) had a debt-to-equity ratio of 1.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Alpine Income Property Trust, Inc.'s return on assets (ROA)?
Alpine Income Property Trust, Inc. (PINE) had a return on assets of -0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Alpine Income Property Trust, Inc.'s Piotroski F-Score?
Alpine Income Property Trust, Inc. (PINE) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Alpine Income Property Trust, Inc.'s earnings high quality?
Alpine Income Property Trust, Inc. (PINE) has an earnings quality ratio of -9.69x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Alpine Income Property Trust, Inc. cover its interest payments?
Alpine Income Property Trust, Inc. (PINE) has an interest coverage ratio of 0.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Alpine Income Property Trust, Inc.?
Alpine Income Property Trust, Inc. (PINE) scores 59 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.