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Complete financial analysis of Alpine Income Property Trust, Inc. (PINE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Alpine Income Property Trust, Inc., a leading company in the REIT – Retail industry within the Real Estate sector.
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Alpine Income Property Trust, Inc. (PINE)
About Alpine Income Property Trust, Inc.
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 45.64M | 45.20M | 30.13M | 19.25M | 13.51M | 11.72M | 8.45M |
| Cost of Revenue | 6.88M | 5.44M | 3.67M | 2.32M | 7.86M | 1.62M | 1.47M |
| Gross Profit | 38.76M | 39.77M | 26.46M | 16.93M | 5.65M | 10.10M | 6.99M |
| Gross Profit Ratio | 84.93% | 87.98% | 87.81% | 87.97% | 41.81% | 86.18% | 82.63% |
| Research & Development | 0.00 | 0.75 | 0.38 | 0.06 | 0.27 | 0.54 | 0.33 |
| General & Administrative | 6.30M | 5.78M | 5.03M | 4.66M | 2.02M | 1.18M | 829.35K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | -2.02M | 0.00 | 0.00 |
| SG&A | 6.30M | 5.78M | 5.03M | 4.66M | 0.27 | 1.18M | 829.35K |
| Other Expenses | 19.32M | 23.56M | 15.94M | 9.95M | -41.23K | 4.90M | 3.06M |
| Operating Expenses | 25.62M | 29.35M | 20.97M | 14.61M | 7.57M | 6.09M | 3.89M |
| Cost & Expenses | 32.50M | 34.78M | 24.64M | 16.93M | 9.60M | 7.70M | 5.36M |
| Interest Income | -710.00K | 9.54M | 3.70M | 1.46M | 41.00K | 0.00 | 0.00 |
| Interest Expense | 9.46M | 9.54M | 3.70M | 1.46M | 41.23K | 0.00 | 286.24K |
| Depreciation & Amortization | 25.76M | 34.78M | 24.64M | 16.93M | 9.88M | 5.55M | 5.41M |
| EBITDA | 38.48M | 33.98M | 30.74M | 12.27M | 8.93M | 8.69M | 6.21M |
| EBITDA Ratio | 84.30% | 75.18% | 71.12% | 63.76% | 66.14% | 76.08% | 72.82% |
| Operating Income | 13.14M | 10.42M | 5.49M | 2.61M | 5.82M | 4.01M | 3.10M |
| Operating Income Ratio | 28.79% | 23.05% | 18.22% | 13.56% | 43.11% | 34.26% | 36.66% |
| Total Other Income/Expenses | -9.88M | -9.53M | 5.97M | -1.46M | 5.82M | 0.00 | -286.24K |
| Income Before Tax | 3.27M | 33.96M | 11.46M | 1.15M | 9.45M | 4.01M | 2.81M |
| Income Before Tax Ratio | 7.16% | 75.12% | 38.04% | 5.95% | 69.95% | 34.26% | 33.27% |
| Income Tax Expense | 0.00 | 13.77M | 5.20M | 1.63M | 3.63M | 229.33K | 165.97K |
| Net Income | 2.92M | 20.18M | 6.26M | -479.00K | 3.59M | 4.01M | 2.81M |
| Net Income Ratio | 6.39% | 44.65% | 20.78% | -2.49% | 26.54% | 34.26% | 33.27% |
| EPS | 0.21 | 1.69 | 0.64 | -0.06 | 0.00 | 0.44 | 0.36 |
| EPS Diluted | 0.19 | 1.48 | 0.56 | -0.05 | 3.59M | 0.44 | 0.31 |
| Weighted Avg Shares Out | 13.93M | 11.98M | 9.78M | 7.59M | 0.45 | 9.13M | 7.90M |
| Weighted Avg Shares Out (Dil) | 15.56M | 13.68M | 11.25M | 8.81M | 0.45 | 9.13M | 9.13M |
Neutral View On Alpine Income Property Trust As There Are Better Alternatives
Alpine Income Property Trust's ability to grow through property acquisitions has been limited by current market conditions. PINE has some weaknesses such as an unfavorable debt maturity schedule, high tenant concentration, turbulence in the AFFO per share growth, and modest...
Alpine Income Property Trust Announces Sale of a Senior Portion of First Mortgage Loan Investment
WINTER PARK, Fla., June 03, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) announced today that it has sold a $13.6 million A-1 participation interest (the “Loan Participation Sale”) in its $23.4 million...
Triple Net REITs Mispriced As Tenancy Shifts
There is significant mispricing among triple net REITs due to a lack of consideration for changing the tenant landscape. Net store openings indicate positive occupancy and rental rates, but some REITs are exposed to troubled areas. REITs with exposure to...
Eyes On The ECB
U.S. equity and bond markets staged a late-week rebound, erasing early-week declines prompted by disappointing Eurozone inflation data, after the crucial PCE inflation gauge posted its smallest increase of 2024. Posting a second week of modest declines following four-straight weekly...
Alpine Income Property Trust Announces Hiring of Chief Financial Officer
WINTER PARK, Fla., May 31, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”) announced today that Philip R. Mays has been appointed Senior Vice President, Chief Financial Officer and Treasurer of the Company,...
CORRECTION – Alpine Income Property Trust Declares Dividend For the Second Quarter 2024 (Ex-Dividend Date Correction)
WINTER PARK, Fla., May 29, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today a correction to the ex-dividend date previously announced on May 28, 2024.
Alpine Income Property Trust Declares Dividend For the Second Quarter 2024
WINTER PARK, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.275 per share...
Wall Street Favorites: 3 REITs With Strong Buy Ratings for May 2024
When investors talk about gains in the stock market, we usually think of high-flying growth and tech stocks. Over a long enough period, it can be the slow and steady compounders that build true wealth.
Alpine Income Property Trust, Inc. (PINE) Q1 2024 Earnings Call Transcript
Alpine Income Property Trust, Inc. (NYSE:PINE ) Q1 2024 Earnings Conference Call April 19, 2024 9:00 AM ET Company Participants John Albright - President and Chief Executive Officer Lisa Vorakoun - Chief Accounting Officer Conference Call Participants Gaurav Mehta -...
Here's What Key Metrics Tell Us About Alpine Income (PINE) Q1 Earnings
Although the revenue and EPS for Alpine Income (PINE) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...
Source: https://incomestatements.info
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