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PINE Financials Alpine Income Property Trust, Inc.

8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 25.8% per year over the past 5 years.
  • Operating margin has expanded, at 21.7% in the latest year.

Financial health

  • Total debt ($378M) exceeds cash ($5M); net debt is $373M.
  • Total debt has grown in line with revenue (28.7% vs 25.8% per year).
  • Operating income covered interest expense 0.8× in the latest year.
  • Total debt is 9.3× EBITDA.
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.

Shareholder returns

  • Dividends have been paid for 6 consecutive years.
  • The dividend has grown 19.8% per year over the past 5 years.
Revenue & net income
-$3M $29M $61M $0 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-4% 46% 96% 0% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$219M -$109M $0 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $189M $378M 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$196M -$5M $186M $0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $61M -$3M 86.0% 21.7% -$219M $378M $5M
2024 $52M $2M 84.2% 26.8% -$109M $301M $2M
2023 $46M $3M 85.5% 28.8% -$97M $276M $4M
2022 $45M $30M 88.0% 96.2% -$164M $267M $9M
2021 $30M $10M 0.0% 50.3% -$206M $268M $9M
2020 $19M $985000 0.0% 13.6% — $107M $2M
2019 $12M $4M 0.0% 30.7% — — —
2018 $12M $4M 0.0% 34.3% — — —

Valuation over time

How the market has priced PINE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 69.4 138.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 3.4 6.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 3.6 7.2 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is PINE growing its revenue and profit?

Over the past 5 years, Alpine Income Property Trust, Inc.'s revenue has grown 25.8% per year. These are computed facts, not advice.

How much debt does PINE have?

As of FY2025, Alpine Income Property Trust, Inc. reported $378M of total debt against $5M of cash; operating income covered interest expense 0.8×.

What is PINE's profit margin?

In FY2025, gross margin was 86.0%, operating margin 21.7%, and net margin -4.4%.

What is PINE's P/E ratio?

As of Jun '26, Alpine Income Property Trust, Inc. traded at a price-to-earnings ratio of about 138.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.