# Alpine Income Property Trust, Inc.: overview

PINE · NYSE · CIK 1786117 · [Real estate](/sectors/real-estate.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/pine.md) · [Financials](/companies/pine/financials.md) · [Filings](/companies/pine/filings.md) · [Insiders](/companies/pine/insiders.md)

Latest reported revenue: [$20.5m](/filings/0001104659-26-118164.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 22, 2026 (XBRL us-gaap:Revenues, accession 0001104659-26-118164).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [13.8 d](/filings/0001104659-26-010910.md) | [14.2](/filings/0001104659-26-047718.md) | [14.9](/filings/0001104659-26-086273.md) | [14.6](/filings/0001104659-26-118164.md) | [16.9 d](/filings/0001104659-26-010910.md) | [18.4](/filings/0001104659-26-047718.md) | [20.0](/filings/0001104659-26-086273.md) | [20.5](/filings/0001104659-26-118164.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [14.3% d](/filings/0001104659-26-010910.md) | [16.0%](/filings/0001104659-26-047718.md) | [16.8%](/filings/0001104659-26-086273.md) | [16.6%](/filings/0001104659-26-118164.md) | [35.3% d](/filings/0001104659-26-010910.md) | [36.0%](/filings/0001104659-26-047718.md) | [43.5%](/filings/0001104659-26-086273.md) | [48.0%](/filings/0001104659-26-118164.md) |
| Net margin | % | [(6.9%) d](/filings/0001104659-26-010910.md) | [(8.3%)](/filings/0001104659-26-047718.md) | [(11.0%)](/filings/0001104659-26-086273.md) | [(9.0%)](/filings/0001104659-26-118164.md) | [8.7% d](/filings/0001104659-26-010910.md) | [11.9%](/filings/0001104659-26-047718.md) | [21.0%](/filings/0001104659-26-086273.md) | [22.9%](/filings/0001104659-26-118164.md) |
| Diluted EPS | $ per share | not reported | [(0.08)](/filings/0001104659-26-047718.md) | [(0.12)](/filings/0001104659-26-086273.md) | [(0.09)](/filings/0001104659-26-118164.md) | not reported | [0.06](/filings/0001104659-26-047718.md) | [0.16](/filings/0001104659-26-086273.md) | [0.18](/filings/0001104659-26-118164.md) |
| Free cash flow | $m | [(54.4) d](/filings/0001104659-26-010910.md) | [(55.5)](/filings/0001104659-26-047718.md) | [(3.7) d](/filings/0001104659-26-086273.md) | [(51.3) d](/filings/0001104659-26-118164.md) | [(108) d](/filings/0001104659-26-010910.md) | [(53.2)](/filings/0001104659-26-047718.md) | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [30.1](/filings/0001558370-24-000899.md) | [45.2](/filings/0001558370-25-000687.md) | [45.6](/filings/0001104659-26-010910.md) | [52.2](/filings/0001104659-26-010910.md) | [60.5](/filings/0001104659-26-010910.md) |
| Gross margin | % | not reported | [88.0%](/filings/0001558370-25-000687.md) | [85.5%](/filings/0001104659-26-010910.md) | [84.2%](/filings/0001104659-26-010910.md) | [86.0%](/filings/0001104659-26-010910.md) |
| Operating margin | % | [50.3%](/filings/0001558370-24-000899.md) | [96.2%](/filings/0001558370-25-000687.md) | [28.8%](/filings/0001104659-26-010910.md) | [26.8%](/filings/0001104659-26-010910.md) | [21.7%](/filings/0001104659-26-010910.md) |
| Net margin | % | [33.1%](/filings/0001558370-24-000899.md) | [65.8%](/filings/0001558370-25-000687.md) | [6.4%](/filings/0001104659-26-010910.md) | [4.0%](/filings/0001104659-26-010910.md) | [(4.4%)](/filings/0001104659-26-010910.md) |
| Diluted EPS | $ per share | [0.89](/filings/0001558370-24-000899.md) | [2.17](/filings/0001558370-25-000687.md) | [0.19](/filings/0001104659-26-010910.md) | [0.14](/filings/0001104659-26-010910.md) | [(0.22)](/filings/0001104659-26-010910.md) |
| Free cash flow | $m | [(206)](/filings/0001558370-24-000899.md) | [(164)](/filings/0001558370-25-000687.md) | [(96.7)](/filings/0001104659-26-010910.md) | [(109)](/filings/0001104659-26-010910.md) | [(219)](/filings/0001104659-26-010910.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues; Gross profit: us-gaap:GrossProfit.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/pine/insiders.md)

| Date | Insider | Role | Transaction | Shares | Reported price | Value | Filing |
| --- | --- | --- | --- | ---: | ---: | ---: | --- |
| 2025-08-05 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 9,090 | $14.3262 | $130.2k | [Form 4](/filings/0001415889-25-021143.md) |
| 2025-08-04 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 12,757 | $14.3461 | $183.0k | [Form 4](/filings/0001415889-25-021143.md) |
| 2025-08-01 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 17,733 | $14.1121 | $250.2k | [Form 4](/filings/0001415889-25-021143.md) |
| 2025-07-31 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 20,841 | $14.0598 | $293.0k | [Form 4](/filings/0001415889-25-020809.md) |
| 2025-07-30 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 23,334 | $14.2196 | $331.8k | [Form 4](/filings/0001415889-25-020809.md) |
| 2025-07-29 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 25,326 | $14.4334 | $365.5k | [Form 4](/filings/0001415889-25-020809.md) |
| 2024-07-09 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 6,562 | $14.994 | $98.4k | [Form 4](/filings/0001415889-24-019444.md) |
| 2024-07-05 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 6,262 | $14.9968 | $93.9k | [Form 4](/filings/0001415889-24-019444.md) |
| 2024-06-27 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 7,959 | $14.9693 | $119.1k | [Form 4](/filings/0001415889-24-018512.md) |
| 2024-06-27 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 7,959 | $14.9693 | $119.1k | [Form 4/A](/filings/0001415889-24-019443.md) |
| 2024-06-14 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 7,900 | $14.9184 | $117.9k | [Form 4](/filings/0001415889-24-017258.md) |
| 2024-06-14 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 7,900 | $14.9184 | $117.9k | [Form 4/A](/filings/0001415889-24-019442.md) |
| 2024-06-13 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 830 | $14.9866 | $12.4k | [Form 4](/filings/0001415889-24-017258.md) |
| 2024-06-13 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 830 | $14.9866 | $12.4k | [Form 4/A](/filings/0001415889-24-019442.md) |
| 2024-05-29 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 103 | $14.97 | $1.5k | [Form 4](/filings/0001415889-24-014948.md) |
| 2024-05-29 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 103 | $14.97 | $1.5k | [Form 4/A](/filings/0001415889-24-019441.md) |
| 2024-05-28 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 191 | $15.00 | $2.9k | [Form 4](/filings/0001415889-24-014948.md) |
| 2024-05-28 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 191 | $15.00 | $2.9k | [Form 4/A](/filings/0001415889-24-019441.md) |
| 2023-03-20 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 12,639 | $16.3052 | $206.1k | [Form 4](/filings/0001415889-23-005241.md) |
| 2023-03-17 | [CTO Realty Growth, Inc.](/insiders/23795.md) | 10% owner | Purchase (P) | 23,113 | $16.0592 | $371.2k | [Form 4](/filings/0001415889-23-005241.md) |

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $28.0m | 1,351,047 |  | Added +293,317 |
| [Sound Income Strategies, LLC](/funds/1730960.md) | 2026-06-30 | $25.7m | 1,235,594 |  | Added +25,836 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $14.0m | 672,575 |  | Added +53,589 |
| [TWO SIGMA INVESTMENTS, LP](/funds/1179392.md) | 2026-06-30 | $13.6m | 656,764 |  | Added +54,294 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $10.1m | 488,457 |  | Added +94,801 |
| [HEARTLAND ADVISORS INC](/funds/937394.md) | 2026-06-30 | $9.4m | 455,175 |  | Added +23,255 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $8.4m | 402,974 |  | Added +69,060 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $7.1m | 344,236 |  | Added +63,543 |
| [Pacific Ridge Capital Partners, LLC](/funds/1591546.md) | 2026-06-30 | $5.5m | 264,271 |  | Reduced −2,049 |
| [GABELLI FUNDS LLC](/funds/1081407.md) | 2026-06-30 | $5.0m | 241,668 |  | Added +40,672 |

## Recent filings

[All 369 filings](/companies/pine/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 16:15 ET | [8-K](/filings/0001104659-26-120210.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-120210 |
| 2026-10-23 | 17:05 ET | [8-K](/filings/0001104659-26-118514.md) | 1.01 Entry into a material agreement; 5.03 Amendment to articles or bylaws; 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-118514 |
| 2026-10-22 | 16:21 ET | [10-Q](/filings/0001104659-26-118164.md) | Quarterly report, period 2026-09-30 | 0001104659-26-118164 |
| 2026-10-22 | 16:10 ET | [8-K](/filings/0001104659-26-118157.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-118157 |
| 2026-10-09 | 16:30 ET | [8-K](/filings/0001104659-26-115058.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-115058 |
| 2026-07-23 | 16:20 ET | [10-Q](/filings/0001104659-26-086273.md) | Quarterly report, period 2026-06-30 | 0001104659-26-086273 |
| 2026-07-23 | 16:10 ET | [8-K](/filings/0001104659-26-086260.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-086260 |
| 2026-05-22 | 16:15 ET | [8-K](/filings/0001104659-26-065725.md) | 5.07 Shareholder vote results | 0001104659-26-065725 |
| 2026-04-24 | 16:18 ET | [8-K](/filings/0001104659-26-048605.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001104659-26-048605 |
| 2026-04-23 | 16:20 ET | [10-Q](/filings/0001104659-26-047718.md) | Quarterly report, period 2026-03-31 | 0001104659-26-047718 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-010910.md), filed Feb 5, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1786117
- Tickers: PINE, PINE-PA
- Exchange: NYSE
- SIC code: 6798 Real Estate Investment Trusts
- State of incorporation: MD
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 16:18 ET. No prices; not investment advice.