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Stocks · Real estate · Real Estate Investment Trusts

Alpine Income Property Trust, Inc.

PINE Clue Score32
United States Fiscal year ends December CIK 0001786117
$17.92 +0.22% Close, 9 Oct 2026
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Price $17.92 −3.03% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 22 Nov 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2018Revenue11.7Operating income4.0Net income4.0Fiscal year 2020Revenue19.2 +64.2%Operating income2.6Net income1.0 −75.5%EPS, diluted0.11Fiscal year 2021Revenue30.1 +56.5%Operating income15.2Net income10.0 +911.6%EPS, diluted0.89 +709.1%Fiscal year 2022Revenue45.2 +50.0%Operating income43.5Net income29.7 +198.3%EPS, diluted2.17 +143.8%Fiscal year 2023Revenue45.6 +1.0%Operating income13.1Net income2.9 −90.2%EPS, diluted0.19 −91.2%Fiscal year 2024Revenue52.2 +14.4%Operating income14.0Net income2.1 −29.2%EPS, diluted0.14 −26.3%Fiscal year 2025Revenue60.5 +15.9%Operating income13.1Net income−2.7 −228.6%EPS, diluted−0.22 −257.1%
FY2018FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 11.7 19.2 30.1 45.2 45.6 52.2 60.5
Growth +64.2% +56.5% +50.0% +1.0% +14.4% +15.9%
Operating income 4.0 2.6 15.2 43.5 13.1 14.0 13.1
Net income 4.0 1.0 10.0 29.7 2.9 2.1 −2.7
Growth −75.5% +911.6% +198.3% −90.2% −29.2% −228.6%
EPS, diluted n/a 0.11 0.89 2.17 0.19 0.14 −0.22
Growth +709.1% +143.8% −91.2% −26.3% −257.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2018Operating margin34.3%Net margin34.3%Fiscal year 2020Operating margin13.6%Net margin5.1%Fiscal year 2021Operating margin50.3%Net margin33.1%Free cash flow margin−684.5%Fiscal year 2022Gross margin88.0%Operating margin96.2%Net margin65.8%Free cash flow margin−364.0%Fiscal year 2023Gross margin85.5%Operating margin28.8%Net margin6.4%Free cash flow margin−211.9%Fiscal year 2024Gross margin84.2%Operating margin26.8%Net margin4.0%Free cash flow margin−208.6%Fiscal year 2025Gross margin86.0%Operating margin21.7%Net margin−4.4%Free cash flow margin−361.3%
FY2018FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a 88.0% 85.5% 84.2% 86.0%
Operating margin 34.3% 13.6% 50.3% 96.2% 28.8% 26.8% 21.7%
Net margin 34.3% 5.1% 33.1% 65.8% 6.4% 4.0% −4.4%
Free cash flow margin n/a n/a −684.5% −364.0% −211.9% −208.6% −361.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2018Operating cash flow5.6Fiscal year 2020Operating cash flow9.4Buybacks−5.0Dividends paid−7.2Fiscal year 2021Operating cash flow17.2Capital expenditure−223.4Free cash flow−206.2Dividends paid−12.2Fiscal year 2022Operating cash flow24.7Capital expenditure−189.1Free cash flow−164.5Dividends paid−15.1Fiscal year 2023Operating cash flow23.2Capital expenditure−119.9Free cash flow−96.7Buybacks−14.6Dividends paid−17.1Fiscal year 2024Operating cash flow23.4Capital expenditure−132.4Free cash flow−109.0Buybacks−0.8Dividends paid−16.8Fiscal year 2025Operating cash flow25.8Capital expenditure−244.5Free cash flow−218.7Buybacks−8.8Dividends paid−17.7
FY2018FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 5.6 9.4 17.2 24.7 23.2 23.4 25.8
Capital expenditure n/a n/a −223.4 −189.1 −119.9 −132.4 −244.5
Free cash flow n/a n/a −206.2 −164.5 −96.7 −109.0 −218.7
Growth
Buybacks n/a −5.0 n/a n/a −14.6 −0.8 −8.8
Dividends paid n/a −7.2 −12.2 −15.1 −17.1 −16.8 −17.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2018Cash0.0Shareholders’ equity124.2Fiscal year 2020Cash1.9Total debt106.8Net cash (debt)−104.9Shareholders’ equity126.8Debt to equity0.84Fiscal year 2021Cash8.9Total debt267.7Net cash (debt)−258.9Shareholders’ equity196.5Debt to equity1.36Fiscal year 2022Cash9.0Total debt267.1Net cash (debt)−258.1Shareholders’ equity261.6Debt to equity1.02Fiscal year 2023Cash4.0Total debt275.7Net cash (debt)−271.7Shareholders’ equity250.7Debt to equity1.10Fiscal year 2024Cash1.6Total debt301.5Net cash (debt)−299.9Shareholders’ equity253.0Debt to equity1.19Fiscal year 2025Cash4.6Total debt477.7Net cash (debt)−473.2Shareholders’ equity279.9Debt to equity1.71
FY2018FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.0 1.9 8.9 9.0 4.0 1.6 4.6
Total debt n/a 106.8 267.7 267.1 275.7 301.5 477.7
Net cash (debt) n/a −104.9 −258.9 −258.1 −271.7 −299.9 −473.2
Shareholders’ equity 124.2 126.8 196.5 261.6 250.7 253.0 279.9
Debt to equity n/a 0.84 1.36 1.02 1.10 1.19 1.71

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2018 31 Dec 2018 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
11.7 19.2 30.1 45.2 45.6 52.2 60.5
Growth +64.2% +56.5% +50.0% +1.0% +14.4% +15.9%
n/a n/a n/a 39.8 39.0 44.0 52.1
Growth −1.8% +12.7% +18.4%
1.2 4.7 5.0 5.8 6.3 6.6 6.7
4.0 2.6 15.2 43.5 13.1 14.0 13.1
Growth −35.0% +480.9% +186.8% −69.8% +6.6% −6.3%
4.0 1.0 10.0 29.7 2.9 2.1 −2.7
Growth −75.5% +911.6% +198.3% −90.2% −29.2% −228.6%
Per share
n/a 0.13 1.02 2.48 0.21 0.15 −0.22
n/a 0.11 0.89 2.17 0.19 0.14 −0.22
Growth +709.1% +143.8% −91.2% −26.3% −257.1%
n/a 7.6 9.8 12.0 13.9 13.9 14.3
n/a 8.8 11.2 13.7 15.6 15.1 15.6
Growth +27.6% +21.6% +13.8% −3.1% +3.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 25.8% a year over five years.
  • The diluted share count rose 76.5% in five years, which is dilution.
  • Operating margin is up 8.1 points on five years ago, at 21.7%.
  • A net loss in 1 of 7 years on file.