NYSE: PINE
Alpine Income Property Trust, Inc.CIK 0001786117 · SIC 6798 · Real Estate Investment Trusts
Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (FPS 10-K) is open in full — no account needed.
Alpine Income Property Trust raises Q3 dividend 6.7%, reports $77M Q2 investments at 8.7% yield
5 material changes detected. Sign up free to read the summary.
PINE: revenue $20.0M, net income $4.2M. PINE operating income +249.5% YoY as commercial loan portfolio doubles; equity raised
5 material changes detected. Sign up free to read the summary.
Partner
Trade PINE commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Alpine Income Property Trust shareholders approve routine annual meeting matters
3 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Summary not yet generated.
Alpine Income Property Trust expands ATM programs, adding up to $150M common and up to $35M preferred capacity
3 material changes detected. Sign up free to read the summary.
Alpine Income Property Trust reports Q1 2026 earnings results
2 material changes detected. Sign up free to read the summary.
revenue $18.4M, net income $2.2M. Alpine Income swings to profit as commercial loan portfolio doubles
5 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Alpine Income Property Trust offers up to $35M of 8.00% Series A Preferred Stock at $25/share
5 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 23, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
(Unaudited, in thousands, except share and per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenues: | ||||
| Lease Income | 12,637 | 12,022 | 25,239 | 23,848 |
| Interest Income from Commercial Loans and Investments | 7,331 | 2,737 | 13,089 | 5,038 |
| Other Revenue | 34 | 104 | 80 | 183 |
| Total Revenues | 20,002 | 14,863 | 38,408 | 29,069 |
| Operating Expenses: | ||||
| Real Estate Expenses | 2,085 | 2,105 | 4,387 | 4,139 |
| General and Administrative Expenses | 2,028 | 1,697 | 3,887 | 3,413 |
| Provision for Impairment | 377 | 2,803 | 885 | 4,834 |
| Depreciation and Amortization | 6,805 | 6,705 | 14,020 | 14,012 |
| Total Operating Expenses | 11,295 | 13,310 | 23,179 | 26,398 |
| Gain on Disposition of Assets | — | 938 | 97 | 2,089 |
| Net Income From Operations | 8,707 | 2,491 | 15,326 | 4,760 |
| Investment and Other Income | 364 | 47 | 455 | 92 |
| Interest Expense | (4,579) | (4,320) | (8,932) | (7,912) |
| Net Income (Loss) | 4,492 | (1,782) | 6,849 | (3,060) |
| Less: Net Loss (Income) Attributable to Noncontrolling Interest | (301) | 141 | (473) | 240 |
| Net Income (Loss) Attributable to Alpine Income Property Trust, Inc. | 4,191 | (1,641) | 6,376 | (2,820) |
| Less: Distributions to Preferred Stockholders | (1,187) | — | (2,309) | — |
| Net Income (Loss) Attributable to Common Stockholders | 3,004 | (1,641) | 4,067 | (2,820) |
| Per Common Share Data: | ||||
| Net Income (Loss) Attributable to Common Stockholders | ||||
| Basic | 0.18 | (0.12) | 0.25 | (0.20) |
| Diluted | 0.16 | (0.12) | 0.23 | (0.20) |
| Weighted Average Number of Common Shares: | ||||
| Basic | 17,066,917 | 14,202,796 | 16,310,036 | 14,414,682 |
| Diluted | 18,290,771 | 15,426,650 | 17,533,890 | 15,638,536 |
Consolidated Balance Sheets
(In thousands, except share and per share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Real Estate: | ||
| Land, at Cost | 166,572 | 151,628 |
| Building and Improvements, at Cost | 349,449 | 344,138 |
| Total Real Estate, at Cost | 516,021 | 495,766 |
| Less, Accumulated Depreciation | (62,863) | (54,446) |
| Real Estate—Net | 453,158 | 441,320 |
| Assets Held for Sale | 375 | 8,077 |
| Commercial Loans and Investments | 238,575 | 167,553 |
| Cash and Cash Equivalents | 2,778 | 4,589 |
| Restricted Cash | 23,296 | 34,410 |
| Intangible Lease Assets—Net | 46,151 | 48,925 |
| Straight-Line Rent Adjustment | 2,406 | 2,092 |
| Other Assets | 14,774 | 8,908 |
| Total Assets | 781,513 | 715,874 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Accounts Payable, Accrued Expenses, and Other Liabilities | 14,093 | 7,877 |
| Prepaid Rent and Deferred Revenue | 17,661 | 14,031 |
| Intangible Lease Liabilities—Net | 4,602 | 4,971 |
| Obligation Under Participation Agreement | 19,062 | 10,000 |
| Long-Term Debt—Net | 367,552 | 377,739 |
| Total Liabilities | 422,970 | 414,618 |
| Commitments and Contingencies—See Note 20 | ||
| Equity: | ||
| Preferred Stock, 100 million shares authorized, $0.01 par value, 8.00% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 2,425,868 shares issued and outstanding as of June 30, 2026 and 2,083,328 shares issued and outstanding as of December 31, 2025 | 24 | 21 |
| Common Stock, $0.01 par value per share, 500 million shares authorized, 17,595,168 shares issued and outstanding as of June 30, 2026 and 14,783,419 shares issued and outstanding as of December 31, 2025 | 176 | 148 |
| Additional Paid-in Capital | 375,337 | 313,690 |
| Dividends in Excess of Net Income | (41,394) | (35,276) |
| Accumulated Other Comprehensive Income | 3,148 | 1,293 |
| Stockholders' Equity | 337,291 | 279,876 |
| Noncontrolling Interest | 21,252 | 21,380 |
| Total Equity | 358,543 | 301,256 |
| Total Liabilities and Equity | 781,513 | 715,874 |
Consolidated Statements of Cash Flows (Unaudited)
(Unaudited, in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash Flow From Operating Activities: | ||
| Net Income (Loss) | 6,849 | (3,060) |
| Adjustments to Reconcile Net Income (Loss) to Net Cash Provided By Operating Activities: | ||
| Depreciation and Amortization | 14,020 | 14,012 |
| Amortization of Intangible Lease Assets and Liabilities to Lease Income | (477) | (246) |
| Amortization of Deferred Financing Costs to Interest Expense | 568 | 394 |
| Accretion of Commercial Loans and Investments Origination Fees | (606) | (200) |
| Paid-In-Kind Accrued Interest | (1,423) | — |
| Gain on Disposition of Assets | (97) | (2,089) |
| Provision for Impairment | 885 | 4,834 |
| Non-Cash Compensation | 190 | 190 |
| Decrease (Increase) in Assets: | ||
| Straight-Line Rent Adjustment | (317) | (362) |
| Other Assets | (2,079) | 192 |
| Increase (Decrease) in Liabilities: | ||
| Accounts Payable, Accrued Expenses, and Other Liabilities | 74 | 588 |
| Prepaid Rent and Deferred Revenue | (6,992) | (31) |
| Net Cash Provided By Operating Activities | 10,595 | 14,222 |
| Cash Flow From Investing Activities: | ||
| Acquisition of Real Estate Including Intangible Lease Assets and Liabilities | (20,505) | (35,208) |
| Investments in and Improvements to Real Estate | (346) | (5,131) |
| Proceeds from Disposition of Assets | 5,531 | 26,820 |
| Acquisition of Commercial Loans and Investments | (87,242) | (33,098) |
| Principal Payments Received on Commercial Loans and Investments | 17,526 | 11,856 |
| Proceeds from Sale of Participation Interest | 10,763 | — |
| Payments on Participation Obligation | (1,701) | (9,131) |
| Cash Received for Commercial Loan Reserves | 16,935 | 702 |
| Net Cash Used In Investing Activities | (59,039) | (43,190) |
| Cash Flow from Financing Activities: | ||
| Proceeds from Long-Term Debt | 289,588 | 65,500 |
| Payments on Long-Term Debt | (298,088) | (14,500) |
| Cash Paid for Loan Fees | (4,239) | (111) |
| Repurchases of Common Stock | — | (8,798) |
| Proceeds From Stock Issuances, Net | 61,488 | (71) |
| Dividends Paid Preferred Stock | (2,309) | — |
| Dividends Paid Common Stock | (10,921) | (8,876) |
| Net Cash Provided By Financing Activities | 35,519 | 33,144 |
| Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash | (12,925) | 4,176 |
| Cash and Cash Equivalents and Restricted Cash, Beginning of Period | 38,999 | 7,951 |
| Cash and Cash Equivalents and Restricted Cash, End of Period | 26,074 | 12,127 |
| Reconciliation of Cash to the Consolidated Balance Sheets: | ||
| Cash and Cash Equivalents | 2,778 | 5,000 |
| Restricted Cash | 23,296 | 7,127 |
| Total Cash | 26,074 | 12,127 |
Amounts as printed on the EDGAR/iXBRL face — (Unaudited, in thousands, except share and per share data); (In thousands, except share and per share data); (Unaudited, in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗