Filing Flows › Alpine Income Property Trust (PINE) › Q2 2025
Alpine Income Property Trust (PINE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
Alpine Income Property Trust (PINE) reported revenue of $14.9M for the second quarter 2025 (Q2 2025), +19% from a year earlier and +5% from the quarter before. Operating margin was 16.8%, net loss $1.8M (12.0% of revenue).
Alpine Income Property Trust, Q2 2025: revenue $14.9M (+19% year over year), operating margin 16.8%, net loss $1.8M, operating cash flow $6.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.9M | +5% | +19% |
| Operating profit | $2.5M | +10% | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | $6.3M | -20% | -21% |
What changed
Revenue was $14.9M in Q2 2025, up 19% year over year and up 5% from the previous quarter.
Operating profit was $2.5M, a 16.8% margin (down 7.2 points year over year). Operating profit fell $506K even though revenue rose $2.4M versus a year earlier, so costs grew faster than sales. Total costs grew 30% against revenue growth of 19%. The fastest-growing cost line was Other operating costs (+35%). The quarter ended with a net loss of $1.8M, wider than the previous quarter's $1.3M loss. Minority interests bore $141K of it: to shareholders the quarter was a loss of $1.6M. Net interest and other expense of $4.3M was the main reason.
Operating cash flow was $6.3M (down 21% year over year). Non-cash charges added back $6.7M of depreciation and amortization and $95K of share-based compensation. Working capital and other items added $1.3M. Capital expenditures of $12.1M exceeded it, leaving free cash flow of −$5.7M.
Questions
What was Alpine Income Property Trust's revenue in the second quarter 2025?
Alpine Income Property Trust (PINE) reported revenue of $14.9M for the second quarter 2025 (Q2 2025), +19% from a year earlier and +5% from the quarter before.
Was Alpine Income Property Trust profitable in the second quarter 2025?
Operating profit was $2.5M (16.8% of revenue) and net loss $1.8M.