Alpine Income Property Trust, Inc. (PINE) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	69.9M	60.5M	52.2M	45.6M	45.2M
Cost of Revenue	26.1M	67.1M	12.0M	6.9M	9.3M
Gross Profit	43.7M	(6.6M)	40.2M	38.8M	35.9M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	5.0M	6.7M	2.3M	6.3M	2.0M
General & Admin Expense	5.0M	6.7M	2.3M	6.3M	2.0M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	14.0M	(31.8M)	23.8M	19.3M	(9.5M)
Total Operating Expenses	19.0M	(25.1M)	26.2M	25.6M	(7.6M)
Cost and Expenses	45.1M	42.0M	38.2M	32.5M	1.7M
Operating Income (EBIT)	24.8M	18.5M	14.0M	13.1M	43.5M
Non-Operating
Interest Income	19.4M	11.3M	5.8M	637.0K	—
Interest Expense	8.1M	16.3M	12.0M	10.2M	9.5M
Net Interest Income	11.3M	(4.9M)	(6.2M)	(9.5M)	(9.5M)
Other Non-Op Income/Expense	(19.2M)	(21.4M)	(11.8M)	(9.9M)	(9.5M)
Non-Operating Income (excl Interest)	1.6M	5.1M	473.0K	421.0K	587.0K
EBT (Pre-Tax Income)	5.5M	(2.9M)	2.3M	3.3M	34.0M
Income Tax Expense	—	—	—	—	—
Bottom Line
Net Income	5.4M	(2.7M)	2.1M	2.9M	29.7M
Earnings from Cont. Ops	5.5M	(2.9M)	2.3M	3.3M	34.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	3.7M	(3.2M)	2.1M	2.9M	29.7M
Per Share
Basic EPS	$0.22	($0.22)	$0.15	$0.21	$2.48
Diluted EPS	$0.19	($0.22)	$0.14	$0.19	$2.17
Revenue Per Share	$4.09	$4.22	$3.77	$3.28	$3.77
Shares
Basic Shares Outstanding	17.1M	14.3M	13.9M	13.9M	12.0M
Diluted Shares Outstanding	18.3M	15.6M	15.1M	15.6M	13.7M
Profitability Metrics
EBITDA	50.5M	40.8M	39.1M	38.5M	66.5M
D&A	27.4M	27.4M	25.6M	25.8M	23.6M
EBIT	23.1M	13.4M	13.5M	12.7M	42.9M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026