Filing Flows › Alpine Income Property Trust (PINE) › Q3 2025
Alpine Income Property Trust (PINE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 23, 2025
Alpine Income Property Trust (PINE) reported revenue of $14.6M for the third quarter 2025 (Q3 2025), +8% from a year earlier and -2% from the quarter before. Operating margin was 16.6%, net loss $1.4M (9.8% of revenue).
Alpine Income Property Trust, Q3 2025: revenue $14.6M (+8% year over year), operating margin 16.6%, net loss $1.4M, operating cash flow $9.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.6M | -2% | +8% |
| Operating profit | $2.4M | -3% | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | $9.4M | +49% | +52% |
What changed
Revenue was $14.6M in Q3 2025, up 8% year over year and down 2% from the previous quarter.
Operating profit was $2.4M, a 16.6% margin (down 31.3 points year over year). Operating profit fell $4.0M even though revenue rose $1.1M versus a year earlier, so costs grew faster than sales. Total costs grew 73% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+65%). The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $1.8M loss. Minority interests bore $113K of it: to shareholders the quarter was a loss of $1.3M. Net interest and other expense of $3.8M was the main reason.
Operating cash flow was $9.4M (up 52% year over year). Non-cash charges added back $6.6M of depreciation and amortization and $95K of share-based compensation. Working capital and other items added $4.2M. Capital expenditures of $57.5M exceeded it, leaving free cash flow of −$48.1M.
Questions
What was Alpine Income Property Trust's revenue in the third quarter 2025?
Alpine Income Property Trust (PINE) reported revenue of $14.6M for the third quarter 2025 (Q3 2025), +8% from a year earlier and -2% from the quarter before.
Was Alpine Income Property Trust profitable in the third quarter 2025?
Operating profit was $2.4M (16.6% of revenue) and net loss $1.4M.