Alpine Income Property Trust, Inc.
NYSE: PINE · REAL ESTATE · REIT - RETAIL
Updated 2026-06-04
Alpine Income Property Trust, Inc. (PINE) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2017 | $8.45M | $2.81M | 82.63% | 36.66% | 33.27% |
| 2018 | $11.72M | $4.01M | 86.18% | 34.26% | 34.26% |
| 2019 | $13.96M | $759512.00 | 100.00% | 5.44% | 5.44% |
| 2020 | $19.25M | $985000.00 | 87.97% | 13.56% | 5.12% |
| 2021 | $30.13M | $9.96M | 77.25% | 50.33% | 33.07% |
| 2022 | $45.19M | $29.72M | 79.50% | 96.22% | 65.77% |
| 2023 | $45.64M | $2.92M | 84.93% | 28.79% | 6.39% |
| 2024 | $52.23M | $2.07M | 76.96% | 26.83% | 3.96% |
| 2025 | $60.53M | $-2.66M | -10.92% | 30.54% | -4.39% |
Frequently asked questions
What is Alpine Income Property Trust, Inc.'s revenue?
Alpine Income Property Trust, Inc.'s trailing twelve-month revenue is $64.73M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is PINE?
In its most recent fiscal year, PINE ran a gross margin of -10.92%, an operating margin of 30.54%, and a net margin of -4.39%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does PINE generate?
PINE produced $-82.80M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is PINE's balance sheet healthy?
PINE holds $4.59M in cash and equivalents against $377.74M in long-term debt, on $279.88M of shareholder equity. That debt is best read against the cash flow the business throws off each year.