Filing Flows › Alpine Income Property Trust (PINE) › Q3 2026
Alpine Income Property Trust (PINE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 22, 2026
Alpine Income Property Trust (PINE) reported revenue of $20.5M for the third quarter 2026 (Q3 2026), +40% from a year earlier and +2% from the quarter before. Operating margin was 48.0%, net earnings $4.7M (22.9% of revenue).
Alpine Income Property Trust, Q3 2026: revenue $20.5M (+40% year over year), operating margin 48.0%, net earnings $4.7M, operating cash flow $2.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.5M | +2% | +40% |
| Operating profit | $9.8M | +13% | +306% |
| Net earnings | $4.7M | +12% | — |
| Operating cash flow | $2.0M | -68% | -68% |
| Free cash flow | $1.8M | -69% | — |
What changed
Revenue was $20.5M in Q3 2026, up 40% year over year and up 2% from the previous quarter.
Operating profit was $9.8M, a 48.0% margin (up 31.4 points year over year). Of the extra revenue versus Q3 2025, 126% reached operating profit, above the 17% margin then. Total costs fell 12% while revenue rose 40%. The fastest-growing cost line was General & admin (+19%). Net earnings were $4.7M. The effective tax rate was 0.0%.
Operating cash flow was $2.0M (down 68% year over year), 40% of net income including minority interests. Non-cash charges added back $6.9M of depreciation and amortization and $95K of share-based compensation. Working capital and other items used $10.0M. Capital expenditures of $200K left free cash flow of $1.8M.
Questions
What was Alpine Income Property Trust's revenue in the third quarter 2026?
Alpine Income Property Trust (PINE) reported revenue of $20.5M for the third quarter 2026 (Q3 2026), +40% from a year earlier and +2% from the quarter before.
Was Alpine Income Property Trust profitable in the third quarter 2026?
Operating profit was $9.8M (48.0% of revenue) and net earnings $4.7M.