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Alpine Income Property Trust cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$1.8M in Q3 2026 · $16.0M over twelve months

Operating cash flow$2.0M
Capital spending−$200K
Free cash flow+$1.8M
Cash / net income0.4×

Analysis

In Q3 2026, Alpine Income Property Trust generated $2.0M of operating cash flow and spent $200K on capital projects, leaving free cash flow of $1.8M. That is $53.1M more than in Q3 2025 (−$51.3M).

Over the twelve months to Sep 30, 2026, operating cash flow was $17.9M; the largest uses were real estate bought ($95.3M), other investing ($79.0M), dividends ($21.5M); besides operations, cash came from other financing ($122M), asset & business sales ($42.5M); the cash balance rose by $24.2M.

Operating cash flow was $2.0M against net income of $5.0M — 0.4× profit, less cash than reported earnings, worth checking against working capital. The largest differences: depreciation & amortization +$6.9M, prepaid and other assets −$6.9M, payables +$3.0M.

Free cash flow

Alpine Income Property Trust: free cash flow by quarterAlpine Income Property Trust: free cash flow by quarter−$54.4MQ4 2024−$55.5MQ1 2025−$3.7MQ2 2025−$51.3MQ3 2025−$108MQ4 2025−$53.2MQ1 2026$5.8MQ2 2026$1.8MQ3 2026
Operating cash flow less capital spending.
Alpine Income Property Trust: operating cash flow against capital spendingAlpine Income Property Trust: operating cash flow against capital spendingOperating cash flowCapital spending$2.4M$56.9MQ4 2024$5.8M$61.4MQ1 2025$8.4M$12.1MQ2 2025$6.2M$57.5MQ3 2025$5.3M$114MQ4 2025$4.4M$57.5MQ1 2026$6.2M$400KQ2 2026$2.0M$200KQ3 2026
Latest (Q3 2026): Operating cash flow $2.0M, Capital spending $200K.

Capital allocation, year by year

Alpine Income Property Trust: where the cash came from (up) and went (down), by fiscal yearAlpine Income Property Trust: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $17.2MFY2021: Net borrowing $132MFY2021: Shares issued $67.8MFY2021: Asset sales $27.4MFY2021: Capital spending −$223MFY2021: Dividends −$12.2M$245MFY2021FY2022: Operating cash flow $24.7MFY2022: Net borrowing −$750KFY2022: Asset sales $150MFY2022: Capital spending −$189MFY2022: Dividends −$15.1M$175MFY2022FY2023: Operating cash flow $23.2MFY2023: Net borrowing $8.2MFY2023: Asset sales $106MFY2023: Capital spending −$120MFY2023: Buybacks −$14.6MFY2023: Dividends −$17.1M$138MFY2023FY2024: Operating cash flow $23.4MFY2024: Net borrowing $25.5MFY2024: Asset sales $60.2MFY2024: Capital spending −$132MFY2024: Buybacks −$775KFY2024: Dividends −$16.8M$109MFY2024FY2025: Operating cash flow $25.8MFY2025: Net borrowing $76.0MFY2025: Asset sales $69.2MFY2025: Capital spending −$244MFY2025: Buybacks −$8.8MFY2025: Dividends −$17.7M$171MFY2025
Over these 5 years operating cash flow totalled $114M; the largest uses were capital spending ($909M) and dividends ($78.9M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$11.7M
Debt$397M
Net debt$385M
Due within a year$100M

Alpine Income Property Trust funds itself: free cash flow was $16.0M over the last twelve months, and $11.7M of cash and investments stands against $397M of debt ($100M due within a year, 0.1× covered by cash).

Where the cash came from and went

Alpine Income Property Trust: sources (+) and uses (−) of cash, Q3 2026Alpine Income Property Trust: sources (+) and uses (−) of cash, Q3 2026Real estate bought−$34.5MNet borrowing (+) / repaid (−)$29.0MOther investing$7.5MOther financing$6.7MDividends−$6.1MCash drawn (+) / kept (−)−$4.8MOperating cash flow$2.0MAsset & business sales$379KCapital spending−$200K
Alpine Income Property Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Alpine Income Property Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$122MReal estate bought−$95.3MOther investing−$79.0MAsset & business sales$42.5MNet borrowing (+) / repaid (−)$40.0MCash drawn (+) / kept (−)−$24.2MDividends−$21.5MOperating cash flow$17.9MCapital spending−$1.9M

From profit to cash

Alpine Income Property Trust: net income to operating cash flow, Q3 2026Alpine Income Property Trust: net income to operating cash flow, Q3 2026Net income$5.0MDepreciation & amortization$6.9MStock-based pay$95KGains on disposals−$272KPayables$3.0MPrepaid and other assets−$6.9MOperating cash flow$2.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$2.0M−$200K—−$6.1M$29.0M−$4.8M$1.8M
Q2 2026$6.2M−$400K—−$5.6M$8.0M$972K$5.8M
Q1 2026$4.4M−$57.5M—−$5.3M−$16.5M$12.0M−$53.2M
Q4 2025$5.3M−$114M—−$4.5M$19.5M−$32.4M−$108M
Q3 2025$6.2M−$57.5M—−$4.4M$5.5M$5.5M−$51.3M
Q2 2025$8.4M−$12.1M−$4.3M−$4.4M−$4.0M−$555K−$3.7M
Q1 2025$5.8M−$61.4M−$4.5M−$4.5M$55.0M−$3.6M−$55.5M
Q4 2024$2.4M−$56.9M—−$4.5M$22.5M$20.1M−$54.4M

Alpine Income Property Trust: income statement and cash flow

Alpine Income Property Trust, Q3 2026: revenue $20.5M (+40% year over year), operating margin 48.0%. The chart follows the revenue to costs, profit and cash.

Alpine Income Property Trust: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.