Filing Flows › Real Estate › Alpine Income Property Trust (PINE)
Alpine Income Property Trust (PINE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 22, 2026 · Alpine Income Property Trust (PINE) Q3 2026 earnings results →
Q3 2026 Revenue up 40% year over year to $20.5M · 23¢ of every $1 of revenue kept as net profit · operating margin 48.0%
Alpine Income Property Trust made $20.5M in Q3 2026 (+40% Y/Y). Operating margin 48.0%, net earnings $4.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 22, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $20.5M in Q3 2026, up 40% year over year and up 2% from the previous quarter.
Operating profit was $9.8M, a 48.0% margin (up 31.4 points year over year). Of the extra revenue versus Q3 2025, 126% reached operating profit, above the 17% margin then. Total costs fell 12% while revenue rose 40%. The fastest-growing cost line was General & admin (+19%). Net earnings were $4.7M. The effective tax rate was 0.0%.
Operating cash flow was $2.0M (down 68% year over year), 40% of net income including minority interests. Non-cash charges added back $6.9M of depreciation and amortization and $95K of share-based compensation. Working capital and other items used $10.0M. Capital expenditures of $200K left free cash flow of $1.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 22, 2026 | $20.5M | +40% | 48.0% | $4.7M | $2.0M |
| Q2 2026 | 10-Q | Jul 23, 2026 | $20.0M | +35% | 43.5% | $4.2M | $6.2M |
| Q1 2026 | 10-Q | Apr 23, 2026 | $18.4M | +30% | 36.0% | $2.2M | $4.4M |
| Q4 2025 | 10-K | Feb 5, 2026 | $16.9M | +22% | 35.3% | $1.5M | $2.1M |
| Q3 2025 | 10-Q | Oct 23, 2025 | $14.6M | +8% | 16.6% | −$1.4M | $9.4M |
| Q2 2025 | 10-Q | Jul 24, 2025 | $14.9M | +19% | 16.8% | −$1.8M | $6.3M |
| Q1 2025 | 10-Q | Apr 24, 2025 | $14.2M | +14% | 16.0% | −$1.3M | $7.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Sells to
- DKS — 11% of its revenue · Stated in 10-K (sentence) · source
- LOW — 10% of its revenue · Stated in 10-K (sentence) · source
About Alpine Income Property Trust
We are a real estate investment trust (“REIT”) that owns and operates a high-quality portfolio of commercial net lease properties all located in the United States. Our properties are primarily leased to industry leading, creditworthy tenants, many of which operate in industries we believe are resistant to the impact of e-commerce. Our portfolio consists of 127 net leased properties located in 32 states. The properties in our portfolio are primarily subject to long-term leases, which generally require the tenant to pay directly or reimburse us for property operating expenses such as real estate taxes, insurance, assessments and other governmental fees, utilities, repairs and maintenance and certain capital expenditures. We also acquire and originate commercial loans and investments.
In its own words, from its 10-K, filed Feb 5, 2026.
Alpine Income Property Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +40% against the peers' median +14%. Operating margin: 48.0% against the peers' median 20.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PINE Alpine Income Property Trust | Q3 2026 | $20.5M | +40% | 48.0% |
| WELL Welltower | Q3 2026 | $3.7B | +38% | 9.1% |
| AMT American Tower | Q3 2026 | $2.8B | +2% | 45.6% |
| EQIX Equinix | Q3 2026 | $2.6B | +11% | 23.3% |
| PLD Prologis | Q1 2026 | $2.3B | +7% | 52.7% |
| IRM Iron Mountain | Q3 2026 | $2.0B | +14% | 20.6% |
| DLR Digital Realty Trust | Q3 2026 | $1.9B | +21% | 15.9% |
| WY Weyerhaeuser | Q3 2026 | $1.9B | +8% | 5.4% |
| VTR Ventas | Q3 2026 | $1.8B | +23% | 2.9% |
Source: Alpine Income Property Trust 10-Q on SEC EDGAR · CIK 1786117 · Real Estate Investment Trusts
13F: who owns PINE and who is buying
More on PINE
- How Alpine Income Property Trust makes money: revenue by segment
- Alpine Income Property Trust stock forecast, price target and fair value
- Who owns Alpine Income Property Trust stock: holders, funds and Congress trades
- Alpine Income Property Trust guidance and outlook
- Is Alpine Income Property Trust a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results