PINENYSEReal Estate Investment TrustsFiscal year ends December 31Also trades as PINE.PA
Alpine Income Property Trust, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 22, 2026
$17.69−0.24 (-1.34%)
Close on Oct 19, 2026
- Market cap
- $323.56M
- P/E (TTM)
- 93.1
- Dividend yield
- 6.44%
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
86.0%
Operating margin
21.7%+8.1 pts over 5 years
Net margin
-4.4%−9.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +15.9% | +10.2% | +25.8% | – | |
| Gross profit | +18.4% | +9.4% | – | – | |
| Operating income | -6.3% | -32.9% | +38.2% | – | |
| Dividend per share | +2.7% | +1.5% | +6.8% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 0.7% | -1.0% | |
| Return on assets | – | 0.5% | -0.4% | |
| Interest coverage | – | 1.8× | 0.8× | |
| Capex to revenue | – | – | 403.9% | |
| Diluted shares | – | 9M | 16M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Alpine Income Property Trust generated $114.20M from operations and spent $1.01B on capital expenditure, dividends and share buybacks. 90% of that went back into the business.
Generated
$114.20M
Used
$1.01B
Capital expenditure$909.28M90%Dividends$78.87M8%Share buybacks$24.19M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4.4%
×Asset turnover0.09×
×Equity multiplier2.48×
=Return on equity, FY2025-1.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -4.4% | 0.09× | 2.48× | -1.0% |
| FY2024 | 4.0% | 0.09× | 2.32× | 0.8% |
| FY2023 | 6.4% | 0.08× | 2.22× | 1.1% |
| FY2022 | 65.8% | 0.08× | 2.36× | 13.0% |
| FY2021 | 33.1% | 0.08× | 2.37× | 6.2% |
| FY2020 | 5.1% | 0.09× | 1.61× | 0.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$2.66M
- Cash generatingOperating cash flow above zero$25.75M
- Return on assets improvedROA up on the prior year0.4% → -0.4%
- Earnings backed by cashOperating cash flow above net income$25.75M vs -$2.66M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise15M → 16M
- Gross margin improvedGross margin up on the prior year84.20% → 85.99%
- More efficientAsset turnover rose0.09 → 0.10