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Companies / Real Estate / Alpine Income Property Trust, Inc.
PINE

Alpine Income Property Trust, Inc.

Ticker PINEWINTER PARK, FLFiscal year ends DecemberBook value per share $19.30Diluted shares 18.0M

Alpine Income Property Trust, Inc. (NYSE: PINE) is a real estate investment trust that owns and operates U.S. commercial net lease properties and invests in commercial real estate loans and other investments. Its properties are leased primarily under long-term agreements that generally require tenants to pay or… From the company’s description.

Over the twelve months to Sep 30, 2026, Alpine Income Property Trust, Inc. reported revenue of $75.77M, up 31.9% from a year earlier, and net income of $13.46M. Its operating margin was 41.1%, and operations generated $14.70M in cash. In fiscal 2025, it reported revenue of $60.53M, up 15.9% from fiscal 2024, and a net loss of $2.88M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$60.53MFY2025
+15.9% year over year
Last 12 mo $75.77M
21.70%FY2025
−5.1 percentage points
Last 12 mo 41.06%
$-2.88MFY2025
−228.0% year over year
Last 12 mo $13.46M
1.70%FY2025
+0.2 percentage points
Last 12 mo 3.61%
Cash & financing
$25.75MFY2025
+0.6% year over year
Last 12 mo $14.70M
$25.75MFY2025
+152.6% year over year
Last 12 mo $14.70M
1.35FY2025
Was 1.19× a year earlier
Last 12 mo 1.14
15.6MFY2025
+3.1% year over year
Last 12 mo 18.0M

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. (NYSE: PINE) is a real estate investment trust that owns and operates U.S. commercial net lease properties and invests in commercial real estate loans and other investments. Its properties are leased primarily under long-term agreements that generally require tenants to pay or reimburse property operating expenses; tenants include retailers, restaurants, entertainment operators and other businesses. The company reports two primary business segments: income properties and commercial loans and investments. At December 31, 2025, its income property portfolio comprised 127 properties in 32 states, with 4.3 million rentable square feet; its commercial loans and investments portfolio included nine construction loans, six mortgage notes and three sale-leaseback properties with tenant repurchase rights. The company also originates and acquires loans generally secured by real estate or interests in property-owning entities. Its main corporate website is www.alpinereit.com. Its website is www.alpinereit.com.

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

Financial performance, year by year

Fiscal 2020–2025 · USD
$-10.75M$12.85M$36.44M$60.04M$83.63M202020212022202320242025Last 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

131
funds hold it
0 of 35
superinvestors hold it
$73.33M
held by funds, at market
20.3%
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.
—of fund net assets
Invesco KBW Premium Yield Equity REIT ETF
KBWY · Invesco Exchange-Traded Fund Trust II
—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.

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  • “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?”
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