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

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	75.8M	60.5M	52.2M	45.6M	45.2M
Cost of Revenue	26.7M	67.1M	12.0M	6.9M	9.3M
Gross Profit	49.1M	(6.6M)	40.2M	38.8M	35.9M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	4.9M	6.7M	2.3M	6.3M	2.0M
General & Admin Expense	4.9M	6.7M	2.3M	6.3M	2.0M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	12.0M	(31.8M)	23.8M	19.3M	(9.5M)
Total Operating Expenses	16.9M	(25.1M)	26.2M	25.6M	(7.6M)
Cost and Expenses	43.6M	42.0M	38.2M	32.5M	1.7M
Operating Income (EBIT)	32.2M	18.5M	14.0M	13.1M	43.5M
Non-Operating
Interest Income	17.1M	11.3M	5.8M	637.0K	—
Interest Expense	9.0M	16.3M	12.0M	10.2M	9.5M
Net Interest Income	8.0M	(4.9M)	(6.2M)	(9.5M)	(9.5M)
Other Non-Op Income/Expense	(20.2M)	(21.4M)	(11.8M)	(9.9M)	(9.5M)
Non-Operating Income (excl Interest)	1.7M	5.1M	473.0K	421.0K	587.0K
EBT (Pre-Tax Income)	12.0M	(2.9M)	2.3M	3.3M	34.0M
Income Tax Expense	—	—	—	—	—
Bottom Line
Net Income	11.3M	(2.7M)	2.1M	2.9M	29.7M
Earnings from Cont. Ops	12.0M	(2.9M)	2.3M	3.3M	34.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	8.4M	(3.2M)	2.1M	2.9M	29.7M
Per Share
Basic EPS	$0.50	($0.22)	$0.15	$0.21	$2.48
Diluted EPS	$0.46	($0.22)	$0.14	$0.19	$2.17
Revenue Per Share	$4.28	$4.22	$3.77	$3.28	$3.77
Shares
Basic Shares Outstanding	17.7M	14.3M	13.9M	13.9M	12.0M
Diluted Shares Outstanding	18.9M	15.6M	15.1M	15.6M	13.7M
Profitability Metrics
EBITDA	58.0M	40.8M	39.1M	38.5M	66.1M
D&A	27.5M	27.4M	25.6M	25.8M	23.2M
EBIT	30.5M	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 Sep 1, 2026