Filing Flows › Alpine Income Property Trust (PINE) › Q1 2025
Alpine Income Property Trust (PINE) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 24, 2025
Alpine Income Property Trust (PINE) reported revenue of $14.2M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +3% from the quarter before. Operating margin was 16.0%, net loss $1.3M (9.0% of revenue).
Alpine Income Property Trust, Q1 2025: revenue $14.2M (+14% year over year), operating margin 16.0%, net loss $1.3M, operating cash flow $7.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.2M | +3% | +14% |
| Operating profit | $2.3M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | $7.9M | +72% | +17% |
What changed
Revenue was $14.2M in Q1 2025, up 14% year over year and up 3% from the previous quarter.
Operating profit was $2.3M, a 16.0% margin (down 4.7 points year over year). Operating profit fell $314K even though revenue rose $1.7M versus a year earlier, so costs grew faster than sales. Total costs grew 21% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+23%). The quarter ended with a net loss of $1.3M, wider than the previous quarter's $1.0M loss. Minority interests bore $99K of it: to shareholders the quarter was a loss of $1.2M. Net interest and other expense of $3.5M was the main reason.
Operating cash flow was $7.9M (up 17% year over year). Non-cash charges added back $7.3M of depreciation and amortization and $95K of share-based compensation. Working capital and other items added $1.8M. Capital expenditures of $61.4M exceeded it, leaving free cash flow of −$53.5M.
Questions
What was Alpine Income Property Trust's revenue in the first quarter 2025?
Alpine Income Property Trust (PINE) reported revenue of $14.2M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +3% from the quarter before.
Was Alpine Income Property Trust profitable in the first quarter 2025?
Operating profit was $2.3M (16.0% of revenue) and net loss $1.3M.