10x Insights
Loading account…
Companies / Real Estate / Alpine Income Property Trust, Inc.
PINE

Alpine Income Property Trust, Inc.

Real EstateREITs
Ticker PINEWINTER PARK, FLFiscal year ends DecemberBook value per share $19.24Diluted shares 17.5M

Alpine Income Property Trust, Inc. (NASDAQ: ALPP) operates as a real estate investment trust focused on acquiring and managing a diversified portfolio of income-producing properties. The company's website is www.alpineincometrust.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$60.53M
+15.9% year over year
Last 12 mo $69.87M
21.70%
−5.1 percentage points
Last 12 mo 33.93%
$-2.88M
−228.0% year over year
Last 12 mo $7.02M
1.70%
+0.2 percentage points
Last 12 mo 1.94%
Cash & financing
$25.75M
+0.6% year over year
Last 12 mo $21.42M
$25.75M
+152.6% year over year
Last 12 mo $21.42M
1.35
Was 1.19× a year earlier
Last 12 mo 1.09
15.6M
+3.1% year over year
Last 12 mo 17.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Alpine Income Property Trust, Inc. does

In the company’s own words

Alpine Income Property Trust, Inc. (NASDAQ: ALPP) operates as a real estate investment trust focused on acquiring and managing a diversified portfolio of income-producing properties. The company's website is www.alpineincometrust.com.

The trust specializes in single-tenant net lease properties across the United States, with a strategic emphasis on essential service businesses and established retail concepts. Alpine Income Property Trust generates revenue primarily through rental income from its property portfolio, which includes properties leased to tenants operating in sectors such as convenience stores, automotive services, quick-service restaurants, and other consumer-facing businesses. The company's business model centers on acquiring well-located properties with creditworthy tenants under long-term lease agreements, thereby creating stable, predictable cash flows for distribution to shareholders.

Alpine Income Property Trust maintains a geographically diversified portfolio spanning multiple states, reducing concentration risk and providing exposure to various regional economic conditions. The trust's operational strategy emphasizes properties in secondary and tertiary markets where acquisition prices remain attractive relative to cash flow generation potential. The company benefits from the net lease structure, whereby tenants typically bear responsibility for property maintenance, insurance, and property taxes, allowing the trust to operate with relatively lean overhead.

The trust's competitive advantages include its disciplined underwriting process for property acquisitions, experienced management team with deep expertise in net lease investing, and access to capital markets for financing growth initiatives. Alpine Income Property Trust operates through its operating partnership structure, Alpine Income Property OP, LP, which holds substantially all of the trust's assets and conducts its operations. This structure is common among REITs and provides operational flexibility while maintaining REIT tax status.

The company's growth strategy focuses on selective acquisitions of high-quality net lease properties, opportunistic portfolio management, and maintaining strong relationships with institutional capital providers. Alpine Income Property Trust targets sustainable distributions to shareholders while preserving capital and maintaining financial flexibility for future investment opportunities in the net lease real estate market.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
WINTER PARK, FL
Fiscal year end
December
CIK
1786117
SIC
6798

Financial performance, year by year

Fiscal 2020–2025 · USD
$-10.16M$11.67M$33.49M$55.32M$77.15M202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Alpine Income Property Trust, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

130
funds hold it
0 of 35
superinvestors hold it
$73.29M
held by funds, at market
20.7%
of shares held by funds

Largest fund holders · Alpine Income Property Trust, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Heartland Value Fund
HRTVX · HEARTLAND GROUP INC.
0.62%of fund net assets
Invesco KBW Premium Yield Equity REIT ETF
KBWY · Invesco Exchange-Traded Fund Trust II
2.43%of fund net assets
Keeley Gabelli Small Cap Dividend Fund
KSDVX · Keeley Funds, Inc.
1.28%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Alpine Income Property Trust, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Alpine Income Property Trust, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Alpine Income Property Trust, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.