Alpine Income Property Trust, Inc. PINE
Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust. The firm seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants. The Company also complements its income property portfolio by strategically investing in a select portfolio of commercial loan investments intended to deliver an attractive risk-adjusted return. Alpine Income Property Trust, Inc. was incorporated in 2019 in Maryland, USA.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-05 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-04-23) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model PINE yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $60.53M | $-2.66M | $27.38M | $40.76M | $25.75M |
| 2024 | $52.23M | $2.07M | $25.59M | $39.14M | $25.61M |
| 2023 | $45.64M | $2.92M | $25.76M | $38.48M | $25.57M |
| 2022 | $45.19M | $29.72M | $23.24M | $66.13M | $24.65M |
| 2021 | $30.13M | $9.96M | $15.68M | $30.48M | $17.20M |
| 2020 | $19.25M | $985.00K | $9.84M | $12.16M | $9.39M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-09-10 | 2026-09-10 | 2026-09-30 | 2026-07-14 | $0.32 | Quarterly |
| 2026-06-11 | 2026-06-11 | 2026-06-30 | 2026-05-21 | $0.30 | Quarterly |
| 2026-03-12 | 2026-03-12 | 2026-03-31 | 2026-02-05 | $0.30 | Quarterly |
| 2025-12-11 | 2025-12-11 | 2025-12-31 | 2025-11-18 | $0.28 | Quarterly |
| 2025-09-11 | 2025-09-11 | 2025-09-30 | 2025-08-19 | $0.28 | Quarterly |
| 2025-06-12 | 2025-06-12 | 2025-06-30 | 2025-05-27 | $0.28 | Quarterly |
| 2025-03-13 | 2025-03-13 | 2025-03-31 | 2025-02-06 | $0.28 | Quarterly |
| 2024-12-12 | 2024-12-12 | 2024-12-31 | 2024-11-19 | $0.28 | Quarterly |
| 2024-09-12 | 2024-09-12 | 2024-09-30 | 2024-08-20 | $0.28 | Quarterly |
| 2024-06-13 | 2024-06-13 | 2024-06-28 | 2024-05-28 | $0.28 | Quarterly |
| 2024-03-13 | 2024-03-14 | 2024-03-28 | 2024-02-20 | $0.28 | Quarterly |
| 2023-12-13 | 2023-12-14 | 2023-12-29 | 2023-11-21 | $0.28 | Quarterly |
| 2023-09-13 | 2023-09-14 | 2023-09-29 | 2023-08-23 | $0.28 | Quarterly |
| 2023-06-07 | 2023-06-08 | 2023-06-30 | 2023-05-22 | $0.28 | Quarterly |
| 2023-03-08 | 2023-03-09 | 2023-03-31 | 2023-02-22 | $0.28 | Quarterly |
| 2022-12-09 | 2022-12-12 | 2022-12-30 | 2022-11-22 | $0.28 | Quarterly |
| 2022-09-09 | 2022-09-12 | 2022-09-30 | 2022-08-22 | $0.28 | Quarterly |
| 2022-06-08 | 2022-06-09 | 2022-06-30 | 2022-05-24 | $0.27 | Quarterly |
| 2022-03-09 | 2022-03-10 | 2022-03-31 | 2022-02-23 | $0.27 | Quarterly |
| 2021-12-08 | 2021-12-09 | 2021-12-30 | 2021-11-22 | $0.27 | Quarterly |
| 2021-09-08 | 2021-09-09 | 2021-09-30 | 2021-08-23 | $0.26 | Quarterly |
| 2021-06-18 | 2021-06-21 | 2021-06-30 | 2021-04-21 | $0.25 | Quarterly |
| 2021-03-19 | 2021-03-22 | 2021-03-31 | 2021-02-11 | $0.24 | Quarterly |
| 2020-12-14 | 2020-12-15 | 2020-12-31 | 2020-10-21 | $0.22 | Quarterly |
Coverage (payout of operating cash flow): 77.30%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — PINE
PINE or OHI: Which Is the Better Value Stock Right Now?
Alpine Income Property Trust: A Big Bet On Lending
Alpine Income's Cheap Long-Term Debt Will Blunt Pending Fed Rate Hikes
Alpine Income Property: This 7% Yield Is Too Cheap To Ignore
Alpine Income Property Trust (NYSE:PINE) Stock Jumps 1.8% – Should You Buy?
Alpine Income Property Trust Announces Third Quarter 2026 Earnings Release and Conference Call Information
Net Lease REITs: Diversification Or Diworsification?
The Ultimate SWAN Investment: Why Retirees Should Own Net Lease REITs
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.