NYSE : PINE

Alpine Income Property Trust, Inc. — Financial statements

Real Estate · REIT - Retail · United States

Last price 16.39 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 314.11M

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Rental Revenue50.74M48.66M46.01M44.97M45.19M30.13M
Other Revenue338.00K525.00K461.00K40.00K
Total Revenue75.77M60.53M52.23M45.64M45.19M30.13M
Property Expenses8.41M7.96M7.79M6.58M5.43M3.67M
Selling, General & Administrative7.50M6.71M6.58M6.30M5.78M5.03M
Depreciation & Amortization27.68M27.38M25.59M25.76M23.56M15.94M
Provision for Loan Losses-1.40M-800.00K-600.00K
Total Operating Expenses44.98M42.85M40.56M38.64M34.78M24.64M
Operating Income30.79M17.68M11.66M7.00M10.41M5.49M
Interest Expense-18.20M-16.27M-12.01M-10.16M-9.54M-3.70M
Interest & Investment Income554.00K242.00K247.00K289.00K12.00K2.00K
EBT Excluding Unusual Items13.14M1.66M-96.00K-2.87M881.00K1.79M
Gain (Loss) on Sale of Assets396.00K2.07M3.44M9.33M33.80M9.68M
Asset Writedown-76.00K-6.62M-1.09M-3.22M
Other Unusual Items23.00K-727.00K
Pretax Income13.46M-2.88M2.25M3.27M33.95M11.46M
Earnings From Continuing Operations13.46M-2.88M2.25M3.27M33.95M11.46M
Minority Interest in Earnings-922.00K228.00K-188.00K-349.00K-4.24M-1.50M
Net Income12.54M-2.66M2.07M2.92M29.72M9.96M
Preferred Dividends & Other Adjustments4.11M552.00K
Net Income to Common8.43M-3.21M2.07M2.92M29.72M9.96M
Basic Shares Outstanding16.16M14.33M13.86M13.93M11.98M9.78M
Diluted Shares Outstanding17.08M14.33M15.08M15.56M13.68M11.25M
EPS (Basic)0.52-0.220.150.212.481.02
EPS (Diluted)0.50-0.220.140.192.170.89
Dividend Per Share1.211.141.111.101.091.01
Operating Margin40.63%29.21%22.34%15.35%23.03%18.21%
Profit Margin11.13%-5.30%3.96%6.39%65.77%33.07%
EBITDA57.54M44.45M36.74M32.35M33.64M21.17M
EBITDA Margin75.94%73.44%70.35%70.87%74.45%70.27%
D&A For Ebitda26.75M26.77M25.08M25.34M23.24M15.68M
EBIT30.79M17.68M11.66M7.00M10.41M5.49M
EBIT Margin40.63%29.21%22.34%15.35%23.03%18.21%
Funds From Operations (FFO)38.16M29.29M26.10M22.91M23.72M17.73M
FFO Per Share2.191.881.731.471.731.58
Adjusted Funds From Operations (AFFO)38.35M29.37M26.18M23.21M24.24M17.90M
AFFO Per Share2.201.891.741.491.771.59
FFO Payout Ratio52.54%55.80%59.12%66.86%55.90%60.19%
Revenue as Reported75.77M60.53M52.23M45.64M45.19M30.13M

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Property, Plant & Equipment490.30M444.35M447.21M445.03M478.70M428.99M
Cash & Equivalents11.72M4.59M1.58M4.02M9.02M8.85M
Accounts Receivable4.27M2.98M3.00M2.22M2.84M3.18M
Other Intangible Assets47.89M48.92M43.92M49.29M60.43M58.82M
Loans Receivable Current231.42M167.55M89.63M35.08M
Restricted Cash19.14M34.41M6.37M9.71M4.03M646.00K
Other Current Assets5.35M10.29M4.34M7.07M2.26M2.46M
Trading Asset Securities8.73M2.31M8.09M10.96M14.63M2.10M
Deferred Long-Term Charges2.28M471.00K850.00K1.19M1.52M469.00K
Total Assets821.11M715.87M605.00M564.56M573.43M505.51M
Current Portion of Long-Term Debt100.17M134.00K31.00K173.00K
Current Portion of Leases98.00K311.00K1.45M1.66M
Long-Term Debt415.19M287.74M312.87M275.68M267.12M267.74M
Long-Term Leases4.05M2.78M3.23M
Accounts Payable98.00K9.00K40.00K30.00K17.00K213.00K
Accrued Expenses5.62M3.77M4.43M3.50M2.60M1.59M
Other Current Liabilities104.00K388.00K
Long-Term Unearned Revenue14.29M14.03M2.41M2.63M1.48M2.03M
Other Long-Term Liabilities12.90M5.81M5.51M5.52M5.05M5.48M
Total Liabilities452.25M414.62M328.50M288.95M278.06M277.61M
Preferred Stock, Convertible25.00K21.00K
Common Stock179.00K148.00K147.00K137.00K134.00K114.00K
Additional Paid-In Capital383.41M313.69M261.83M243.69M236.84M200.91M
Distributions in Excess of Earnings-43.69M-35.28M-15.72M-2.36M-6.42M
Retained Earnings10.04M
Comprehensive Income & Other7.45M1.29M6.77M9.28M14.60M1.92M
Total Common Equity347.35M279.86M253.03M250.74M261.62M196.52M
Minority Interest21.48M21.38M23.47M24.87M33.76M31.38M
Shareholders' Equity368.86M301.26M276.50M275.61M295.38M227.90M
Total Liabilities & Equity821.11M715.87M605.00M564.56M573.43M505.51M
Total Debt419.34M391.00M316.10M277.26M268.80M267.91M
Net Cash (Debt)-398.89M-384.10M-306.43M-262.29M-245.15M-256.97M
Net Cash Per Share-23.35-26.81-20.32-16.86-17.92-22.85
Filing Date Shares Outstanding17.94M15.09M14.69M13.62M14.06M11.67M
Total Common Shares Outstanding17.94M14.78M14.69M13.66M13.39M11.45M
Book Value Per Share19.3718.9317.2218.3619.5317.16
Tangible Book Value299.46M230.93M209.10M201.45M201.19M137.70M
Tangible Book Value Per Share16.7015.6214.2314.7515.0212.02
Land175.17M151.63M147.91M149.31M176.86M178.17M
Buildings373.11M344.14M341.95M328.99M322.51M266.24M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income12.54M-2.66M2.07M2.92M29.72M9.96M
Depreciation & Amortization26.95M26.77M25.08M25.34M23.24M15.68M
Other Amortization1.07M795.00K720.00K710.00K599.00K362.00K
Gain (Loss) on Sale of Assets-396.00K-2.07M-3.44M-9.33M-33.80M-9.68M
Asset Writedown676.00K6.62M1.09M3.22M
Stock-Based Compensation380.00K380.00K247.00K318.00K310.00K309.00K
Change in Accounts Receivable-672.00K-703.00K-515.00K-402.00K-935.00K-607.00K
Change in Accounts Payable2.19M-1.03M877.00K132.00K217.00K673.00K
Change in Other Net Operating Assets-8.64M374.00K-973.00K186.00K597.00K-1.98M
Other Operating Activities-2.83M-752.00K9.00K331.00K4.96M1.50M
Operating Cash Flow17.92M25.75M23.42M23.17M24.65M17.20M
Acquisition of Real Estate Assets-97.58M-108.55M-74.52M-84.47M-189.15M-223.41M
Sale of Real Estate Assets42.51M69.25M60.20M106.30M150.37M27.41M
Net Sale / Acq. of Real Estate Assets-55.07M-39.30M-14.32M21.84M-38.78M-195.99M
Investment in Marketable & Equity Securities10.00M10.00M13.63M
Other Investing Activities27.00M3.64M-46.00K2.48M
Investing Cash Flow-133.72M-103.86M-55.66M-11.10M-38.78M-195.99M
Long-Term Debt Issued216.00M122.40M31.75M277.00M294.62M
Long-Term Debt Repaid-140.00M-96.90M-23.50M-277.75M-162.43M
Net Debt Issued (Repaid)40.00M76.00M25.50M8.25M-750.00K132.19M
Issuance of Common Stock81.73M12.26M18.61M12.12M35.65M67.77M
Repurchase of Common Stock-8.80M-775.00K-14.62M
Preferred Stock Issued48.13M48.13M
Common Dividends Paid-20.05M-16.34M-15.43M-15.32M-13.26M-10.67M
Preferred Dividends Paid-4.11M-552.00K
Total Dividends Paid-24.16M-16.90M-15.43M-15.32M-13.26M-10.67M
Other Financing Activities-5.67M-1.53M-1.45M-1.82M-3.96M-2.90M
Net Cash Flow24.22M31.05M-5.78M687.00K3.55M7.60M
Levered Free Cash Flow-98.91M-83.62M-22.44M-19.74M22.38M15.34M
Unlevered Free Cash Flow-88.60M-74.25M-15.65M-14.10M27.74M17.29M
Cash Interest Paid17.70M15.06M11.97M9.24M7.75M3.13M
Change in Working Capital-21.28M-4.13M-2.94M-336.00K-374.00K-940.00K

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization314.11M236.83M239.64M231.67M227.35M226.51M
Enterprise Value712.99M615.40M548.37M490.97M529.54M440.27M
Last Close Price16.3915.9414.9014.0414.8514.71
Price/FFO Ratio7.918.488.619.558.599.31
Price/AFFO Ratio7.878.438.569.428.399.25
PE Ratio32.70115.9979.427.6522.73
PS Ratio4.153.914.595.085.037.52
PB Ratio0.850.790.870.840.770.99
P/OCF Ratio17.539.2010.2310.009.2213.17
EV/Sales Ratio9.4110.1710.5010.7611.7214.61
EV/EBITDA Ratio12.3913.8414.9315.1815.7420.80
EV/EBIT Ratio23.1634.8047.0170.0950.8880.24
Debt / Equity Ratio1.141.301.141.010.911.18
Debt / EBITDA Ratio7.298.808.608.577.9912.66
Net Debt / Equity Ratio1.081.271.110.950.831.13
Net Debt / EBITDA Ratio6.938.648.348.117.2912.14
Asset Turnover0.100.090.090.080.080.08
Quick Ratio4.250.102.833.366.005.98
Current Ratio48.292.1325.2613.497.437.29
Return on Equity (ROE)4.38%-1.00%0.82%1.14%12.98%6.08%
Return on Assets (ROA)2.67%1.67%1.25%0.77%1.21%0.89%
Earnings Yield3.06%-1.12%0.86%1.26%13.07%4.40%
Dividend Yield7.81%7.12%6.80%6.49%6.42%5.13%
Payout Ratio240.38%746.80%525.13%44.61%107.09%
Buyback Yield / Dilution-18.99%5.00%3.08%-13.75%-21.64%-27.62%
Total Shareholder Return-11.18%12.11%9.88%-7.27%-15.21%-22.49%