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Alpine Income Property Trust, Inc. (PINE) Annual Reports

Q: Where can I read Alpine Income Property Trust, Inc. (PINE) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

Alpine Income Property Trust, Inc. is listed on NYSE, classified by the SEC under Real Estate Investment Trusts (SIC 6798). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： NYSE
Fiscal year end： 12/31
SEC CIK： 1786117 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	$20.0M	$14.9M	+34.6%
Operating income	$8.7M	$2.5M	+249.5%
Net income	$4.2M	$-1.6M	+355.4%
EPS (diluted)	$0.16	$-0.12	+233.3%

Source: SEC EDGAR (XBRL company facts)

Financial history

Revenue & profit

Quarterly · In mn (USD)

Revenue 20.0 mn Net income 4.19 mn

Show table：Income statement

Item	2018Q4	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	11.7	2.96	3.09	3.38	2.41	1.39	4.17	4.59	5.10	5.39	5.89	6.60	8.17	9.47	10.8	11.3	11.5	11.6	11.2	11.4	11.6	11.6	12.5	12.5	13.5	13.8	14.2	14.9	14.6	16.9	18.4	20.0
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	39.8	—	—	—	39.0	—	—	—	44.0	—	—	—	52.0	—	—
Operating income	4.01	0.88	1.05	1.00	0.71	0	0.26	0.62	1.02	0.7	1.07	1.02	2.12	10.9	2.60	18.5	13.7	8.72	6.36	2.53	1.38	2.98	2.58	3.00	6.46	1.98	2.27	2.49	2.42	5.96	6.62	8.71
Net income	4.01	0.88	1.05	1.00	0.71	-0.04	0.01	0.24	0.55	0.19	0.44	0.3	0.92	8.30	0.81	14.3	9.77	4.86	3.34	0.08	-0.84	0.34	-0.26	0.2	3.08	-0.96	-1.18	-1.64	-1.31	1.47	2.19	4.19

Balance sheet

Quarterly · In mn (USD)

Total assets 782 mn Total liabilities 423 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2018Q4	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Total assets	—	—	—	—	—	164	221	227	246	262	281	368	416	506	569	567	566	573	565	567	558	565	559	566	579	605	647	628	621	716	745	782
Total liabilities	—	—	—	—	—	3.47	62.3	75.4	94.8	113	125	149	199	278	331	313	298	278	261	262	262	289	286	297	307	329	384	376	376	415	411	423
Equity	124	123	142	148	148	138	135	129	128	127	134	189	187	197	207	222	234	262	271	271	263	251	248	244	248	253	241	230	224	280	312	337

Cash flow

Quarterly · In mn (USD)

Operating 6.24 mn Investing -33.7 mn Financing 26.5 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2018Q4	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	5.63	2.02	2.27	2.73	0.52	1.36	2.81	0.74	3.81	2.04	3.81	5.06	4.22	4.11	6.12	7.13	4.36	7.04	5.38	8.30	5.07	6.90	6.76	8.03	6.21	4.60	7.90	7.02	8.73	2.10	4.36	6.24
Investing	-5.19	—	-19.5	-7.55	0	-126	-47.4	-28.7	-19.7	-18.1	-22.1	-43.8	-51.4	-78.7	-66.1	27.5	11.7	-11.9	55.4	-39.3	-6.45	-23.2	-4.11	-1.51	-1.91	-50.3	-50.2	6.27	-15.3	-44.6	-25.3	-33.7
Financing	-0.44	-1.98	17.1	4.86	-0.58	137	54.6	6.84	16.6	16.0	18.0	45.7	46.0	76.8	53.4	-20.0	-17.5	1.73	-10.2	-4.76	-9.04	12.6	-8.41	-8.10	17.4	25.6	45.9	-12.7	1.12	74.9	8.99	26.5
Cash at period end	0.01	0.05	0.01	0.06	—	12.3	22.4	1.23	1.89	1.89	1.55	6.29	6.71	8.85	2.24	2.43	3.83	9.02	4.29	7.76	6.27	4.02	5.15	3.26	2.56	1.58	6.14	5.00	1.18	4.59	2.62	2.78

Profitability

Quarterly · %

Gross margin 308.0% Operating margin 43.5% Net margin 20.9%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2018Q4	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	342.9%	—	—	—	337.0%	—	—	—	318.9%	—	—	—	308.0%	—	—
Operating margin	34.3%	29.6%	34.0%	29.6%	29.3%	-0.3%	6.3%	13.6%	20.0%	13.1%	18.1%	15.5%	26.0%	115.7%	24.1%	163.6%	119.0%	75.2%	56.9%	22.1%	11.9%	25.7%	20.7%	24.0%	47.9%	14.3%	16.0%	16.8%	16.6%	35.3%	36.0%	43.5%
Net margin	34.3%	29.6%	34.0%	29.6%	29.3%	-2.8%	0.3%	5.2%	10.7%	3.5%	7.5%	4.6%	11.2%	87.7%	7.5%	126.6%	84.7%	41.9%	29.9%	0.7%	-7.2%	2.9%	-2.1%	1.6%	22.9%	-7.0%	-8.3%	-11.0%	-9.0%	8.7%	11.9%	20.9%

Returns & leverage

Quarterly · %

ROE 2.3% ROA 0.9% Debt ratio 54.1%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2018Q4	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	4.7%	2.7%	2.1%	1.2%	0.7%	0.6%	0.8%	1.1%	0.9%	1.2%	6.2%	6.1%	11.8%	15.8%	13.0%	13.5%	7.3%	3.0%	1.1%	-0.3%	-0.2%	1.3%	0.8%	0.5%	-0.3%	-2.2%	-1.0%	0.3%	2.3%
ROA	—	—	—	—	—	1.6%	0.8%	0.4%	0.3%	0.5%	0.6%	0.5%	0.6%	2.6%	2.4%	5.2%	6.8%	5.5%	5.7%	3.2%	1.3%	0.5%	-0.1%	-0.1%	0.6%	0.3%	0.2%	-0.1%	-0.8%	-0.4%	0.1%	0.9%
Debt ratio	—	—	—	—	—	2.1%	28.2%	33.2%	38.6%	43.0%	44.5%	40.6%	47.8%	54.9%	58.1%	55.1%	52.6%	48.5%	46.1%	46.3%	46.9%	51.2%	51.2%	52.6%	53.0%	54.3%	59.3%	59.9%	60.5%	57.9%	55.2%	54.1%

EPS

Quarterly · US$

EPS US$0.16

Show table：EPS

Item	2018Q4	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（US$）	—	—	—	—	—	—	—	0.03	0.06	0.02	0.05	0.03	0.07	0.73	0.06	1.05	0.72	0.33	0.21	0.01	-0.05	0.03	-0.02	0.01	0.21	-0.06	-0.08	-0.12	-0.09	0.07	0.06	0.16

Revenue & profit

Year-to-date · In mn (USD)

Revenue 38.4 mn Net income 6.38 mn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In mn (USD)

Total assets 782 mn Total liabilities 423 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In mn (USD)

Operating 10.6 mn Investing -59.0 mn Financing 35.5 mn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Operating margin 39.9% Net margin 16.6%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 2.3% ROA 0.9% Debt ratio 54.1%

EPS

Year-to-date · US$

EPS US$0.22

Revenue & profit

Annual · In mn (USD)

Revenue 60.5 mn Net income -2.66 mn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2020	2021	2022	2023	2024	2025
Revenue	32.5	30.1	45.2	45.8	52.2	60.5
Operating income	6.24	15.2	43.5	13.2	14.0	13.1
Net income	4.58	9.96	29.7	2.92	2.07	-2.66

Balance sheet

Annual · In mn (USD)

Total assets 716 mn Total liabilities 415 mn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2020	2021	2022	2023	2024	2025
Total assets	262	506	573	565	605	716
Total liabilities	113	278	278	289	329	415
Equity	127	197	262	251	253	280

Cash flow

Annual · In mn (USD)

Operating 25.8 mn Investing -104 mn Financing 109 mn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2020	2021	2022	2023	2024	2025
Operating	18.3	17.2	24.6	25.6	25.6	25.8
Investing	—	-196	-38.8	-13.6	-57.8	-104
Financing	250	186	17.7	-11.4	26.5	109
Cash at period end	1.89	8.85	9.02	4.02	1.58	4.59

Profitability

Annual · %

Operating margin 21.7% Net margin -4.4%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2020	2021	2022	2023	2024	2025
Operating margin	19.2%	50.3%	96.2%	28.9%	26.8%	21.7%
Net margin	14.1%	33.1%	65.8%	6.4%	4.0%	-4.4%

Returns & leverage

Annual · %

ROE -1.0% ROA -0.4% Debt ratio 57.9%

Show table：Returns & leverage

Item	2020	2021	2022	2023	2024	2025
ROE	3.6%	6.2%	13.0%	1.1%	0.8%	-1.0%
ROA	1.8%	2.6%	5.5%	0.5%	0.3%	-0.4%
Debt ratio	43.0%	54.9%	48.5%	51.2%	54.3%	57.9%

EPS

Annual · US$

EPS US$-0.22

Show table：EPS

Item	2020	2021	2022	2023	2024	2025
EPS（US$）	—	0.88	2.16	0.20	0.14	-0.22

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read Alpine Income Property Trust, Inc. (PINE) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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