Filing Flows › Alpine Income Property Trust (PINE) › Q1 2026
Alpine Income Property Trust (PINE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Alpine Income Property Trust (PINE) reported revenue of $18.4M for the first quarter 2026 (Q1 2026), +30% from a year earlier and +9% from the quarter before. Operating margin was 36.0%, net earnings $2.2M (11.9% of revenue).
Alpine Income Property Trust, Q1 2026: revenue $18.4M (+30% year over year), operating margin 36.0%, net earnings $2.2M, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.4M | +9% | +30% |
| Operating profit | $6.6M | +11% | +192% |
| Net earnings | $2.2M | +48% | — |
| Operating cash flow | $4.4M | +108% | -25% |
What changed
Revenue was $18.4M in Q1 2026, up 30% year over year and up 9% from the previous quarter.
Operating profit was $6.6M, a 36.0% margin (up 20.0 points year over year). Of the extra revenue versus Q1 2025, 104% reached operating profit, above the 16% margin then. Total costs fell 1% while revenue rose 30%. Net earnings were $2.2M. The effective tax rate was 0.0%.
Operating cash flow was $4.4M (down 25% year over year), 185% of net income including minority interests. Non-cash charges added back $7.2M of depreciation and amortization and $95K of share-based compensation. Working capital and other items used $5.3M. Capital expenditures of $57.5M exceeded it, leaving free cash flow of −$53.2M.
Questions
What was Alpine Income Property Trust's revenue in the first quarter 2026?
Alpine Income Property Trust (PINE) reported revenue of $18.4M for the first quarter 2026 (Q1 2026), +30% from a year earlier and +9% from the quarter before.
Was Alpine Income Property Trust profitable in the first quarter 2026?
Operating profit was $6.6M (36.0% of revenue) and net earnings $2.2M.