Filing Flows › Alpine Income Property Trust (PINE) › Q2 2026
Alpine Income Property Trust (PINE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 23, 2026
Alpine Income Property Trust (PINE) reported revenue of $20.0M for the second quarter 2026 (Q2 2026), +35% from a year earlier and +9% from the quarter before. Operating margin was 43.5%, net earnings $4.2M (21.0% of revenue).
Alpine Income Property Trust, Q2 2026: revenue $20.0M (+35% year over year), operating margin 43.5%, net earnings $4.2M, operating cash flow $6.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.0M | +9% | +35% |
| Operating profit | $8.7M | +32% | +250% |
| Net earnings | $4.2M | +92% | — |
| Operating cash flow | $6.2M | +43% | -26% |
| Free cash flow | $5.8M | — | — |
What changed
Revenue was $20.0M in Q2 2026, up 35% year over year and up 9% from the previous quarter.
Operating profit was $8.7M, a 43.5% margin (up 26.8 points year over year). Of the extra revenue versus Q2 2025, 121% reached operating profit, above the 17% margin then. Total costs fell 9% while revenue rose 35%. The fastest-growing cost line was General & admin (+20%). Net earnings were $4.2M. The effective tax rate was 0.0%.
Operating cash flow was $6.2M (down 26% year over year), 139% of net income including minority interests. Non-cash charges added back $6.8M of depreciation and amortization and $95K of share-based compensation. Working capital and other items used $5.2M. Capital expenditures of $400K left free cash flow of $5.8M.
Questions
What was Alpine Income Property Trust's revenue in the second quarter 2026?
Alpine Income Property Trust (PINE) reported revenue of $20.0M for the second quarter 2026 (Q2 2026), +35% from a year earlier and +9% from the quarter before.
Was Alpine Income Property Trust profitable in the second quarter 2026?
Operating profit was $8.7M (43.5% of revenue) and net earnings $4.2M.