Filing Flows › Alpine Income Property Trust (PINE) › Q4 2025
Alpine Income Property Trust (PINE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 5, 2026
Alpine Income Property Trust (PINE) reported revenue of $16.9M for the fourth quarter 2025 (Q4 2025), +23% from a year earlier and +16% from the quarter before. Operating margin was 35.3%, net earnings $1.5M (8.7% of revenue).
Alpine Income Property Trust, Q4 2025: revenue $16.9M (+22% year over year), operating margin 35.3%, net earnings $1.5M, operating cash flow $2.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $16.9M | +16% | +23% |
| Operating profit | $6.0M | +146% | +202% |
| Net earnings | $1.5M | — | — |
| Operating cash flow | $2.1M | -78% | -13% |
What changed
Revenue was $16.9M in Q4 2025, up 23% year over year and up 16% from the previous quarter.
Operating profit was $6.0M, a 35.3% margin (up 20.9 points year over year). Of the extra revenue versus a year earlier, 128% reached operating profit, above the 14% margin then. Total costs fell 7% while revenue rose 23%. Net earnings were $1.5M. The effective tax rate was 0.0%.
Operating cash flow was $2.1M (down 13% year over year), 131% 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 $6.4M. Capital expenditures of $113.5M exceeded it, leaving free cash flow of −$111.4M.
Questions
What was Alpine Income Property Trust's revenue in the fourth quarter 2025?
Alpine Income Property Trust (PINE) reported revenue of $16.9M for the fourth quarter 2025 (Q4 2025), +23% from a year earlier and +16% from the quarter before.
Was Alpine Income Property Trust profitable in the fourth quarter 2025?
Operating profit was $6.0M (35.3% of revenue) and net earnings $1.5M.