PINE on NYSE
Alpine Income Property Trust, Inc.
In its 2026 annual report the company says: “We are a real estate investment trust that owns and operates a high-quality portfolio of commercial net lease properties all located in the United States. Our investments in commercial loans are generally secured by real estate or the borrower’s pledge of its ownership interest in an entity that owns real estate. The Company operates in two primary business segments: (i) income properties and (ii) commercial loans and investments.”5 Its shares trade on NYSE under the symbol PINE.2
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Last updated Oct 21, 2026.
Overview
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- TickerPINE on NYSE2
- IndustryReal Estate Investment Trusts2
- HeadquartersBaltimore, United States2
- Incorporated inMD3
- Business address369 N. New York Ave., Suite 201, Winter Park, Fl 327893
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formStock Corporation2
- LEI254900VQGUBS1J4C4N332
- StatusActive2
- LEI statusIssued and current2
- Registered addressC/O REGISTERED AGENT SOLUTIONS, INC., 21202 Baltimore, United States2
- Registered withBusiness Services (Maryland Department of Assessments and Taxation), D198880072
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We are a real estate investment trust (“REIT”) that owns and operates a high-quality portfolio of commercial net lease properties all located in the United States. Our properties are primarily leased to industry leading, creditworthy tenants, many of which operate in industries we believe are resistant to the impact of e-commerce. Our portfolio consists of 127 net leased properties located in 32 states. The properties in our portfolio are primarily subject to long-term leases, which generally require the tenant to pay directly or reimburse us for property operating expenses such as real estate taxes, insurance, assessments and other governmental fees, utilities, repairs and maintenance and certain capital expenditures. We also acquire and originate commercial loans and investments. Our investments in commercial loans are generally secured by real estate or the borrower’s pledge of its ow…5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
86.0%Gross margin6
21.7%Operating margin6
-4.4%Net margin6
15.9%Revenue growth, 20256
-0.9%Return on equity6
1.35×Debt to equity6
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs100¢$60.5M
Out of $60.5M in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Dividends paid67¢$17.7M
- Share buybacks33¢$8.8M
Out of $25.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Lease Income | $48.7M | $46.0M | $45.0M |
| Interest Income from Commercial Loans and Investments | $11.3M | $5.8M | $637.0K |
| Other Revenue | $525.0K | $461.0K | $40.0K |
| Total Revenues | $60.5M | $52.2M | $45.6M |
| Real Estate Expenses | $8.0M | $7.8M | $6.6M |
| General and Administrative Expenses | $6.7M | $6.6M | $6.3M |
| Provision for Impairment | $7.4M | $1.7M | $3.2M |
| Depreciation and Amortization | $27.4M | $25.6M | $25.8M |
| Total Operating Expenses | $49.5M | $41.7M | $41.9M |
| Gain on Disposition of Assets | $2.1M | $3.4M | $9.3M |
| Gain on Extinguishment of Debt | $23.0K | ||
| Net Income From Operations | $13.1M | $14.0M | $13.1M |
| Investment and Other Income | $242.0K | $247.0K | $289.0K |
| Interest Expense | -$16.3M | -$12.0M | -$10.2M |
| Net Income (Loss) | -$2.9M | $2.3M | $3.3M |
| Less: Net Loss (Income) Attributable to Noncontrolling Interest | $228.0K | -$188.0K | -$349.0K |
| Net Income (Loss) Attributable to Alpine Income Property Trust, Inc. | -$2.7M | $2.1M | $2.9M |
| Less: Distributions to Preferred Stockholders | -$552.0K | ||
| Net Income (Loss) Attributable to Common Stockholders | -$3.2M | $2.1M | $2.9M |
| Basic (in dollars per share) | -$0.22 | $0.15 | $0.21 |
| Diluted (in dollars per share) | -$0.22 | $0.14 | $0.19 |
| Basic (in shares) | 14.3M shares | 13.9M shares | 13.9M shares |
| Diluted (in shares) | 15.6M shares | 15.1M shares | 15.6M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land, at Cost | $151.6M | $147.9M | ||
| Building and Improvements, at Cost | $344.1M | $342.0M | ||
| Total Real Estate, at Cost | $495.8M | $489.9M | ||
| Less, Accumulated Depreciation | -$54.4M | -$45.9M | ||
| Real Estate-Net | $441.3M | $444.0M | ||
| Assets Held for Sale | $8.1M | $2.3M | ||
| Commercial Loans and Investments | $167.6M | $89.6M | ||
| Cash and Cash Equivalents | $4.6M | $1.6M | $4.0M | |
| Restricted Cash | $34.4M | $6.4M | $9.7M | |
| Intangible Lease Assets-Net | $48.9M | $43.9M | ||
| Straight-Line Rent Adjustment | $2.1M | $1.5M | ||
| Other Assets | $8.9M | $15.7M | ||
| Total Assets | $715.9M | $605.0M | ||
| Accounts Payable, Accrued Expenses, and Other Liabilities | $7.9M | $8.4M | ||
| Prepaid Rent and Deferred Revenue | $14.0M | $2.4M | ||
| Intangible Lease Liabilities-Net | $5.0M | $4.8M | ||
| Obligation Under Participation Agreement | $10.0M | $11.4M | ||
| Long-Term Debt-Net | $377.7M | $301.5M | ||
| Total Liabilities | $414.6M | $328.5M | ||
| Preferred Stock, $0.01 par value per share, 100 million shares authorized, $0.01 par value, 8.00% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 2,083,328 shares issued and outstanding as of December 31, 2025 and no shares issued and outstanding as of December 31, 2024 | $21.0K | |||
| Common Stock, $0.01 par value per share, 500 million shares authorized, 14,783,419 shares issued and outstanding as of December 31, 2025 and 14,691,982 shares issued and outstanding as of December 31, 2024 | $148.0K | $147.0K | ||
| Additional Paid-in Capital | $313.7M | $261.8M | ||
| Dividends in Excess of Net Income | -$35.3M | -$15.7M | ||
| Accumulated Other Comprehensive Income | $1.3M | $6.8M | ||
| Stockholders' Equity | $279.9M | $253.0M | ||
| Noncontrolling Interest | $21.4M | $23.5M | ||
| Total Equity | $301.3M | $276.5M | $275.6M | $295.4M |
| Total Liabilities and Equity | $715.9M | $605.0M | ||
| Preferred Stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred Stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Preferred Stock, Liquidation Preference (in dollars per share) | $25 | |||
| Preferred Stock, shares issued | 2.1M shares | 0 shares | ||
| Preferred Stock, shares outstanding | 2.1M shares | 0 shares | ||
| Common Stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common Stock, shares authorized | 500.0M shares | 500.0M shares | ||
| Common Stock, shares issued | 14.8M shares | 14.7M shares | ||
| Common Stock, shares outstanding | 14.8M shares | 14.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Land, at Cost | $151.6M | $147.9M | ||
| Building and Improvements, at Cost | $344.1M | $342.0M | ||
| Total Real Estate, at Cost | $495.8M | $489.9M | ||
| Less, Accumulated Depreciation | -$54.4M | -$45.9M | ||
| Real Estate-Net | $441.3M | $444.0M | ||
| Assets Held for Sale | $8.1M | $2.3M | ||
| Commercial Loans and Investments | $167.6M | $89.6M | ||
| Cash and Cash Equivalents | $4.6M | $1.6M | $4.0M | |
| Restricted Cash | $34.4M | $6.4M | $9.7M | |
| Intangible Lease Assets-Net | $48.9M | $43.9M | ||
| Straight-Line Rent Adjustment | $2.1M | $1.5M | ||
| Other Assets | $8.9M | $15.7M | ||
| Total Assets | $715.9M | $605.0M | ||
| Accounts Payable, Accrued Expenses, and Other Liabilities | $7.9M | $8.4M | ||
| Prepaid Rent and Deferred Revenue | $14.0M | $2.4M | ||
| Intangible Lease Liabilities-Net | $5.0M | $4.8M | ||
| Obligation Under Participation Agreement | $10.0M | $11.4M | ||
| Long-Term Debt-Net | $377.7M | $301.5M | ||
| Total Liabilities | $414.6M | $328.5M | ||
| Preferred Stock, $0.01 par value per share, 100 million shares authorized, $0.01 par value, 8.00% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 2,083,328 shares issued and outstanding as of December 31, 2025 and no shares issued and outstanding as of December 31, 2024 | $21.0K | |||
| Common Stock, $0.01 par value per share, 500 million shares authorized, 14,783,419 shares issued and outstanding as of December 31, 2025 and 14,691,982 shares issued and outstanding as of December 31, 2024 | $148.0K | $147.0K | ||
| Additional Paid-in Capital | $313.7M | $261.8M | ||
| Dividends in Excess of Net Income | -$35.3M | -$15.7M | ||
| Accumulated Other Comprehensive Income | $1.3M | $6.8M | ||
| Stockholders' Equity | $279.9M | $253.0M | ||
| Noncontrolling Interest | $21.4M | $23.5M | ||
| Total Equity | $301.3M | $276.5M | $275.6M | $295.4M |
| Total Liabilities and Equity | $715.9M | $605.0M | ||
| Preferred Stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred Stock, shares authorized | 100.0M shares | 100.0M shares | ||
| Preferred Stock, Liquidation Preference (in dollars per share) | $25 | |||
| Preferred Stock, shares issued | 2.1M shares | 0 shares | ||
| Preferred Stock, shares outstanding | 2.1M shares | 0 shares | ||
| Common Stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Common Stock, shares authorized | 500.0M shares | 500.0M shares | ||
| Common Stock, shares issued | 14.8M shares | 14.7M shares | ||
| Common Stock, shares outstanding | 14.8M shares | 14.7M shares |
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | -$2.9M | $2.3M | $3.3M |
| Depreciation and Amortization | $27.4M | $25.6M | $25.8M |
| Amortization of Intangible Lease Assets and Liabilities to Lease Income | -$613.0K | -$517.0K | -$417.0K |
| Amortization of Deferred Financing Costs to Interest Expense | $795.0K | $720.0K | $710.0K |
| Accretion of Commercial Loans and Investments Origination Fees | -$524.0K | -$179.0K | -$18.0K |
| Gain on Disposition of Assets | -$2.1M | -$3.4M | -$9.3M |
| Provision for Impairment | $7.4M | $1.7M | $3.2M |
| Non-Cash Compensation | $380.0K | $247.0K | $318.0K |
| Straight-Line Rent Adjustment | -$703.0K | -$515.0K | -$402.0K |
| Other Assets | $374.0K | -$973.0K | $186.0K |
| Accounts Payable, Accrued Expenses, and Other Liabilities | -$1.0M | $877.0K | $132.0K |
| Prepaid Rent and Deferred Revenue | -$2.8M | -$2.3M | -$252.0K |
| Net Cash Provided By Operating Activities | $25.8M | $23.4M | $23.2M |
| Acquisition of Real Estate Including Intangible Lease Assets and Liabilities | -$101.3M | -$73.7M | -$84.1M |
| Investments in and Improvements to Real Estate | -$7.2M | -$790.0K | -$327.0K |
| Proceeds from Disposition of Assets | $69.2M | $60.2M | $106.3M |
| Acquisition of Commercial Loans and Investments | -$135.9M | -$57.9M | -$35.4M |
| Principal Payments Received on Commercial Loans and Investments | $57.7M | $2.9M | |
| Proceeds from Sale of Participation Interest | $10.0M | $13.6M | |
| Payments on Participation Obligation | -$11.4M | -$2.2M | |
| Cash Received for Commercial Loan Reserves | $15.0M | $2.2M | $2.5M |
| Net Cash Used In Investing Activities | -$103.9M | -$55.7M | -$11.1M |
| Proceeds from Long-Term Debt | $216.0M | $122.4M | $31.8M |
| Payments on Long-Term Debt | -$140.0M | -$96.9M | -$23.5M |
| Cash Paid for Loan Fees | -$141.0K | -$91.0K | -$73.0K |
| Repurchases of Common Stock | -$8.8M | -$775.0K | -$14.6M |
| Proceeds from Issuance of Preferred Stock, Net of Underwriting Discount and Expenses | $48.1M | ||
| Proceeds From Stock Issuances, Net | $12.3M | $18.6M | $12.1M |
| Dividends Paid - Preferred Stock | -$552.0K | ||
| Dividends Paid - Common Stock | -$17.7M | -$16.8M | -$17.1M |
| Net Cash Provided By (Used In) Financing Activities | $109.2M | $26.5M | -$11.4M |
| Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash | $31.0M | -$5.8M | $687.0K |
| Cash Paid for Interest | $15.1M | $12.0M | $9.2M |
| Unrealized Loss on Cash Flow Hedge | -$5.9M | -$2.7M | -$3.8M |
| Operating Partnership Unit Redemptions | $9.0M | ||
| Right-of-Use Assets and Operating Lease Liability-See Note 9 | $2.0M | ||
| Unpaid Portion of Interest Paid In Kind | $43.0K |
No quarter-by-quarter statement was filed.
Compare Alpine Income Property Trust, Inc. with another company
Corporate structure
Alpine Income Property Trust, Inc. sits at the top of its group. 90 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Alpine Income Property Trust, Inc.
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Alpine Income Property Trust, Inc., latest Mar 26, 2026 (2 filings since Feb 13, 2024)
- BlackRock Filed SCHEDULE 13G/A on Alpine Income Property Trust, Inc., latest Apr 17, 2025 (3 filings since Jan 29, 2024)
- GP Invitation Fund II LP Filed SC 13G/A on Alpine Income Property Trust, Inc., latest Feb 14, 2024
- CTO Realty Growth, Inc. Filed SC 13D/A on Alpine Income Property Trust, Inc., latest Mar 21, 2023 (2 filings since Sep 21, 2022)
- DEPRINCE RACE & ZOLLO INC Filed SC 13G/A on Alpine Income Property Trust, Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- KENNEDY CAPITAL MANAGEMENT LLC Filed SC 13G/A on Alpine Income Property Trust, Inc., latest Feb 14, 2022
- Alpine Income Property Trust, Inc. Baltimore, Maryland, United States
- 9603 Westheimer Road, LLC Subsidiary · Delaware, United States
- Alpine Income Property GP, LLC Subsidiary · Delaware, United States
- Alpine Income Property OP, LP Subsidiary · Delaware, United States
- CTLC18 Lynn MA LLC Subsidiary · Delaware, United States
- CTO16 Reno LLC Subsidiary · Delaware, United States
- CTO17 Brandon FL LLC Subsidiary · Delaware, United States
- CTO17 Hillsboro OR LLC Subsidiary · Delaware, United States
- CTO19 Albany GA LLC Subsidiary · Delaware, United States
- CTO19 Birmingham LLC Subsidiary · Delaware, United States
- CTO19 Troy WI LLC Subsidiary · Delaware, United States
- Indigo Henry LLC Subsidiary · Florida, United States
- PINE MEX OH 2 LLC Subsidiary · Delaware, United States
- PINE MEX OH LLC Subsidiary · Delaware, United States
- PINE19 Alpharetta GA LLC Subsidiary · Delaware, United States
- PINE19 Georgetown TX LLC Subsidiary · Delaware, United States
- PINE19 Slaughter Austin TX LLC Subsidiary · Delaware, United States
- PINE20 Barker LLC Subsidiary · Delaware, United States
- PINE20 Bingham LLC Subsidiary · Delaware, United States
- PINE20 Blanding LLC Subsidiary · Delaware, United States
- PINE20 Chazy LLC Subsidiary · Delaware, United States
- PINE20 Cut & Shoot LLC Subsidiary · Delaware, United States
- PINE20 Del Rio LLC Subsidiary · Delaware, United States
- PINE20 Hammond LLC Subsidiary · Delaware, United States
- PINE20 Harrisville LLC Subsidiary · Delaware, United States
- PINE20 Heuvelton LLC Subsidiary · Delaware, United States
- and 64 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Alpine Income Property Trust, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $151.6M6 Dec 31, 2025 | $147.9M6 Dec 31, 2024 | +2.5% |
| Buildings and improvements | $344.1M6 Dec 31, 2025 | $342.0M6 Dec 31, 2024 | +0.6% |
| Property and equipment, before depreciation | $495.8M6 Dec 31, 2025 | $489.9M6 Dec 31, 2024 | +1.2% |
| Accumulated depreciation | $54.4M6 Dec 31, 2025 | $45.9M6 Dec 31, 2024 | +18.7% |
| Property and equipment, net | $441.3M6 Dec 31, 2025 | $444.0M6 Dec 31, 2024 | −0.6% |
| Operating-lease assets (leased space) | $3.0M6 Dec 31, 2025 | $3.2M6 Dec 31, 2024 | −5.4% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate properties | 1276 Dec 31, 2025 | 1349 Dec 31, 2024 | −5.2% |
| Area of real estate | 4.3 million sq ft6 Dec 31, 2025 | 3.9 million sq ft9 Dec 31, 2024 | +10.3% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $77.8M6 Dec 31, 2025 | $70.0M6 Dec 31, 2024 | +11.1% |
| Accumulated amortization | $28.9M6 Dec 31, 2025 | $26.1M6 Dec 31, 2024 | +10.7% |
| Finite-lived intangibles, net | $48.9M6 Dec 31, 2025 | $43.9M6 Dec 31, 2024 | +11.4% |
Properties, in its own words
Our principal offices are located at 369 N. New York Avenue, Suite 201, Winter Park, Florida 32789. Our telephone number is (407) 904-3324.
As of December 31, 2025, the Company owns 127 net leased retail buildings located in 32 states (refer to Item 1. “Business”).
Item 2 of the 10-K filed Feb 5, 2026.5
Leadership
Who has led Alpine Income Property Trust, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
20202025
- Chief executive officerJohn P. Albright Nov 21, 2019 to now14
- PresidentJohn P. Albright Nov 21, 2019 to now14
- Chief financial officerPhilip Mays Jun 18, 2024 to Jun 18, 202415
- Chief financial officerMark E. Patten Mar 16, 2020 to Mar 16, 202016
- Chief financial officerMatthew Morris Partridge Oct 7, 2020 to Dec 15, 202017
Board members and other officers (9)
- VP & Chief Accounting OfficerLisa Vorakoun May 9, 2022 to May 9, 202218
- OfficerMark E. Patten Nov 21, 2019 to Nov 21, 201919
- OfficerSteven Robert Greathouse Nov 21, 2019 to now20
- Board memberBrenna Andrea Wadleigh Nov 14, 2024 to now21
- Board memberWein Rachel Elias Feb 19, 2021 to now22
- Board memberJohn P. Albright Nov 21, 2019 to now14
- Board memberAndrew C. Richardson Nov 22, 2019 to now23
- Board memberJeffrey Scott Yarckin Nov 22, 2019 to Oct 2, 202424
- Board memberMorton Carson Good Nov 22, 2019 to now25
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- 9603 Westheimer Road, LLC Delaware4
- Alpine Income Property GP, LLC Delaware4
- Alpine Income Property OP, LP Delaware4
- CTLC18 Lynn MA LLC Delaware4
- CTO16 Reno LLC Delaware4
- CTO17 Brandon FL LLC Delaware4
- CTO17 Hillsboro OR LLC Delaware4
- CTO19 Albany GA LLC Delaware4
- CTO19 Birmingham LLC Delaware4
- CTO19 Troy WI LLC Delaware4
- Indigo Henry LLC Florida4
- PINE MEX OH 2 LLC Delaware4
- PINE MEX OH LLC Delaware4
- PINE19 Alpharetta GA LLC Delaware4
- PINE19 Georgetown TX LLC Delaware4
- PINE19 Slaughter Austin TX LLC Delaware4
- PINE20 Barker LLC Delaware4
- PINE20 Bingham LLC Delaware4
- PINE20 Blanding LLC Delaware4
- PINE20 Chazy LLC Delaware4
- PINE20 Cut & Shoot LLC Delaware4
- PINE20 Del Rio LLC Delaware4
- PINE20 Hammond LLC Delaware4
- PINE20 Harrisville LLC Delaware4
All 89 listed subsidiaries
- PINE20 Heuvelton LLC Delaware4
- PINE20 Howell MI LLC Delaware4
- PINE20 Hurst TX LLC Delaware4
- PINE20 Kermit LLC Delaware4
- PINE20 Limestone LLC Delaware4
- PINE20 Milford LLC Delaware4
- PINE20 Newtonsville LLC Delaware4
- PINE20 Odessa LLC Delaware4
- PINE20 Salem LLC Delaware4
- PINE20 Seguin LLC Delaware4
- PINE20 Severn LLC Delaware4
- PINE20 Somerville LLC Delaware4
- PINE20 Tacoma LLC Delaware4
- PINE20 Tyn LLC Delaware4
- PINE20 Willis LLC Delaware4
- PINE20 Winthrop LLC Delaware4
- PINE21 Acquisitions II LLC Delaware4
- PINE21 Acquisitions III LLC Delaware4
- PINE21 Acquisitions IX LLC Delaware4
- PINE21 Acquisitions LLC Delaware4
- PINE21 Acquisitions V LLC Delaware4
- PINE21 Acquisitions VI LLC Delaware4
- PINE21 Acquisitions VII LLC Delaware4
- PINE21 Acquisitions VIII LLC Delaware4
- PINE21 Acquisitions X LLC Delaware4
- PINE21 Houston East LLC Delaware4
- PINE21 Houston West LLC Delaware4
- PINE22 ACQ 3 LLC Delaware4
- PINE22 Caesar LLC Delaware4
- PINE22 Malden MO LLC Delaware4
- PINE22 Maple LLC Delaware4
- PINE22 Wash Mo LLC Delaware4
- PINE23 IN Lender LLC Delaware4
- PINE23 MM LLC Delaware4
- PINE23 TN Lender LLC Delaware4
- PINE24 Concord LLC Delaware4
- PINE24 Coolray LLC fka PINE20 Sun WI LLC Delaware4
- PINE24 Downer's Grove LLC Delaware4
- PINE24 Knoxville LLC Delaware4
- PINE24 Mt Carmel OH LLC Delaware4
- PINE24 Oceanside BH LLC Delaware4
- PINE24 Oceanside MV LLC Delaware4
- PINE24 Oceanside SB LLC Delaware4
- PINE24 Short Pump LLC Delaware4
- PINE25 CR Austin LLC Delaware4
- PINE25 Canton LLC Delaware4
- PINE25 Cornerstone LLC Delaware4
- PINE25 El Paso LLC Delaware4
- PINE25 Freemont LLC Delaware4
- PINE25 Longcliff LLC fka PINE20 Arden NC LLC Delaware4
- PINE25 MM 2 LLC fka PINE21 Sports LLC Delaware4
- PINE25 MM LLC Delaware4
- PINE25 Orange Park LLC Delaware4
- PINE25 Ormond Beach LLC Delaware4
- PINE25 Palm Pike LLC Delaware4
- PINE25 Parham LLC fka CTO19 Winston Salem NC LLC Delaware4
- PINE25 Reno LLC Delaware4
- PINE25 Rivana LLC Delaware4
- PINE25 Riverpoint LLC fka PINE24 Clear Creek LLC Delaware4
- PINE25 Stockton LLC Delaware4
- PINE25 Stone Mountain LLC fka PINE20 Highland KY LLC Delaware4
- PINE25 Stonedale fka PINE21 Acquisitions IV LLC Delaware4
- PINE25 Tupelo LLC Delaware4
- PINE25 Westminster LLC Delaware4
- PINE25 Willowbrook LLC fka PINE25 Feasterville LLC Delaware4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 9, 20268-K Entered a material agreement; Regulation FD disclosure26
- Jul 23, 20268-K Results of operations; Regulation FD disclosure27
- May 22, 20268-K Shareholder vote28
- Apr 24, 20268-K Other events29
- Apr 23, 20268-K Results of operations; Regulation FD disclosure30
- Feb 5, 20268-K Results of operations; Regulation FD disclosure31
- Dec 5, 20258-K Entered a material agreement; Bylaws or fiscal year changed; Other events32
- Nov 10, 20258-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed33
- Oct 23, 20258-K Results of operations; Regulation FD disclosure34
- Jul 24, 20258-K Results of operations; Regulation FD disclosure35
- May 23, 20258-K Shareholder vote36
- Apr 24, 20258-K Results of operations; Regulation FD disclosure37
- Nov 21, 2019New chief executive John P. Albright becomes CEO14
- Aug 19, 2019Founded Alpine Income Property Trust, Inc. is founded2
Calendar
Coming up
- Oct 22, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.46 a share, on Oct 23, 2025.38
When it reported results
- Jul 23, 2026Reported quarterly or annual results27
- Apr 23, 2026Reported quarterly or annual results30
- Feb 5, 2026Reported quarterly or annual results31
- Oct 23, 2025Reported quarterly or annual results34
- Jul 24, 2025Reported quarterly or annual results35
- Apr 24, 2025Reported quarterly or annual results37
- Feb 6, 2025Reported quarterly or annual results39
- Oct 17, 2024Reported quarterly or annual results40
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
275 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 44 major events, 159 insider forms, 11 large holders, 41 other. The latest 20:
- Oct 9, 20268-K EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Oct 2, 20264 EDGAR
- Sep 24, 2026S-3 EDGAR
- Jul 30, 20264 EDGAR
- Jul 28, 2026144 EDGAR
- Jul 23, 202610-Q EDGAR
- Jul 23, 20268-K EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jul 1, 20264 EDGAR
- Jun 26, 20264 EDGAR
- Jun 25, 2026144 EDGAR
- Jun 24, 2026144 EDGAR
- May 27, 20264 EDGAR
- May 22, 20268-K EDGAR
- May 11, 20264 EDGAR
The 275 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
119 open-market trades by officers, directors and large owners since October 2021: 103 buys and 16 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | Richardson Andrew CDirector | Sale | 2,000 | $20.28 | $40.6K | Form 4 |
| Jun 25, 2026 | Richardson Andrew CDirector | Sale | 2,832 | $19.96 | $56.5K | Form 4 |
| May 26, 2026 | Richardson Andrew CDirector | Sale | 1,500 | $19.39 | $29.1K | Form 4 |
| May 22, 2026 | Richardson Andrew CDirector | Sale | 500 | $18.87 | $9.4K | Form 4 |
| May 8, 2026 | Richardson Andrew CDirector | Sale | 3,000 | $19.35 | $58.0K | Form 4 |
| Mar 31, 2026 | Richardson Andrew CDirector | Sale | 2,750 | $18.14 | $49.9K | Form 4 |
| Dec 11, 2025 | Richardson Andrew CDirector | Sale | 1,000 | $17.11 | $17.1K | Form 4 |
| Sep 11, 2025 | Greathouse Steven RobertSVP & Chief Investment Officer | Buy | 672 | $14.88 | $10.0K | Form 4 |
| Aug 27, 2025 | Richardson Andrew CDirector | Sale | 1,000 | $15.00 | $15.0K | Form 4 |
| Aug 6, 2025 | Smith Daniel EarlSVP, GEN COUNSEL & CORP SECRET | Buy | 3,500 | $14.10 | $49.4K | Form 4 |
| Aug 6, 2025 | Greathouse Steven RobertSVP & Chief Investment Officer | Buy | 3,500 | $14.31 | $50.1K | Form 4 |
| Aug 6, 2025 | Albright John PPRESIDENT AND CEO | Buy | 3,500 | $14.20 | $49.7K | Form 4 |
| Aug 5, 2025 | CTO Realty Growth, Inc.10% owner | Buy | 9,090 | $14.33 | $130.3K | Form 4 |
| Aug 4, 2025 | CTO Realty Growth, Inc.10% owner | Buy | 12,757 | $14.35 | $183.1K | Form 4 |
| Aug 1, 2025 | CTO Realty Growth, Inc.10% owner | Buy | 17,733 | $14.11 | $250.2K | Form 4 |
| Jul 31, 2025 | CTO Realty Growth, Inc.10% owner | Buy | 20,841 | $14.06 | $293.0K | Form 4 |
| Jul 30, 2025 | CTO Realty Growth, Inc.10% owner | Buy | 23,334 | $14.22 | $331.8K | Form 4 |
| Jul 29, 2025 | CTO Realty Growth, Inc.10% owner | Buy | 25,326 | $14.43 | $365.5K | Form 4 |
| Feb 25, 2025 | Richardson Andrew CDirector | Sale | 400 | $16.71 | $6.7K | Form 4 |
| Feb 24, 2025 | Richardson Andrew CDirector | Sale | 2,000 | $16.64 | $33.3K | Form 4 |
All 119 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Feb 13, 2024 to Mar 26, 202641
- BlackRockSCHEDULE 13G/A, 3 filings Jan 29, 2024 to Apr 17, 202542
- GP Invitation Fund II LPSC 13G/A, 1 filing Feb 14, 202443
- CTO Realty Growth, Inc.SC 13D/A, 2 filings Sep 21, 2022 to Mar 21, 202344
- DEPRINCE RACE & ZOLLO INCSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202345
- KENNEDY CAPITAL MANAGEMENT LLCSC 13G/A, 1 filing Feb 14, 202246
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 1,351,047 | $28.0M | 0.0% | +293,317 |
| Sound Income Strategies, LLC | 1,235,594 | $25.7M | 1.2% | +25,836 |
| Vanguard Capital Management LLC | 672,575 | $14.0M | 0.0% | +53,589 |
| Two Sigma Investments, LP | 656,764 | $13.6M | 0.0% | +54,294 |
| Invesco Ltd. | 488,457 | $10.1M | 0.0% | +94,801 |
| Heartland Advisors Inc | 455,175 | $9.4M | 0.4% | +23,255 |
| Geode Capital Management, LLC | 402,974 | $8.4M | 0.0% | +69,060 |
| State Street Corp | 344,236 | $7.1M | 0.0% | +63,543 |
| Pacific Ridge Capital Partners, LLC | 264,271 | $5.5M | 1.0% | −2,049 |
| Gabelli Funds LLC | 241,668 | $5.0M | 0.0% | +40,672 |
| Truvestments Capital LLC | 209,111 | $4.3M | 0.6% | +4,632 |
| State of New Jersey Common Pension Fund D | 208,703 | $4.3M | 0.0% | No change |
| Dimensional Fund Advisors LP | 197,908 | $4.1M | 0.0% | +12,089 |
| Marshall Wace, Llp | 191,371 | $4.0M | 0.0% | +91,082 |
| Los Angeles Capital Management LLC | 176,466 | $3.7M | 0.0% | +93,661 |
| Renaissance Technologies LLC | 174,000 | $3.6M | 0.0% | +52,800 |
| Kennedy Capital Management LLC | 148,817 | $3.1M | 0.1% | −2,909 |
| LPL Financial LLC | 138,502 | $2.9M | 0.0% | +121,247 |
| Morgan Stanley | 138,319 | $2.9M | 0.0% | +13,499 |
| Northern Trust Corp | 120,444 | $2.5M | 0.0% | +22,468 |
| UBS Group AG | 113,076 | $2.3M | 0.0% | +18,975 |
| Goldman Sachs Group Inc | 109,706 | $2.3M | 0.0% | +10,381 |
| Vanguard Portfolio Management LLC | 104,709 | $2.2M | 0.0% | +28,580 |
| Vanguard Fiduciary Trust Co | 92,866 | $1.9M | 0.0% | +4,516 |
| Raymond James Financial Inc | 91,429 | $1.9M | 0.0% | +53,552 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Alpine Income Property Trust, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAlpine Income Property Trust, Inc.1
- CIK0001786117
- Employer ID (EIN)84-27698955
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inMaryland5
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address369 N. New York Ave., Suite 201, Winter Park, FL 327891
- Phone407-904-33241
- Shares outstanding17,620,712 as of Jul 16, 202611
- Public float$190.3M as of Jun 30, 20255
- AuditorGrant Thornton LLP, Charlotte, North Carolina PCAOB ID 248; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceAug 27, 20191
- Filings414 in all: 4 (202), 8-K (66), 10-Q (20), 3 (14), 144 (11), 424B5 (10), SC 13G/A (9), DEFA14A (8)1
All 32 form types
SC 13D/A (8), 10-K (7), DEF 14A (7), CORRESP (6), SC 13G (6), ARS (4), S-11/A (4), UPLOAD (4), 4/A (3), EFFECT (3), S-3 (3), SCHEDULE 13G/A (3), 8-A12B (2), 8-K/A (2), CERT (2), FWP (2), 424B4 (1), 5 (1), DRS (1), DRS/A (1), DRSLTR (1), S-11 (1), S-8 (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Feb 5, 2026
Quarterly report (10-Q) Jul 23, 2026
Proxy statement (DEF 14A) Apr 7, 2026
Latest 8-K (8-K) Oct 9, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| COMMON STOCK, $0.01 PAR VALUE | PINE | NYSE |
| 8.000% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK, $0.01 PAR VALUE | PINE/PA | NYSE |
From the cover page of the 10-K filed Feb 5, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Alpine Income Property Trust, Inc. names in Item 1A of its 10-K filed Feb 5, 2026: 73 risks under these headings, as written.5
- Risks Related to Our Income Properties Segment
- We are subject to risks related to the ownership of commercial real estate that could affect the performance and value of our properties.
- Adverse changes in U.S., global and local regions or markets that impact our tenants’ businesses may materially and adversely affect us generally and the ability of our tenants to make rental payments to us pursuant to our leases.
- Global trade disruption, significant introductions of trade barriers and bilateral trade frictions, together with any future downturns in the global economy resulting therefrom, could adversely affect our performance.
- Our business is dependent upon our tenants successfully operating their businesses, and their failure to do so could materially and adversely affect us.
- Our assessment that certain of our tenants’ businesses are insulated from e-commerce pressure may prove to be incorrect, and changes in macroeconomic trends may adversely affect our tenants, either of which could impair our tenants’ ability to make rental payments to us and thereby materially and adversely affect us.
- Properties occupied by a single tenant pursuant to a single lease subject us to significant risk of tenant default.
- We may experience a decline in the fair value of our real estate assets which could result in impairments and would impact our financial condition and results of operations.
- Our portfolio has geographic market concentrations that make us susceptible to adverse developments in those geographic markets.
- We are subject to risks related to tenant concentration, and an adverse development with respect to a large tenant could materially and adversely affect us.
- Certain of our tenants are not rated by a recognized credit rating agency or do not have an investment grade rating from such an agency. Leases with unrated or non-investment grade rated tenants may be subject to a greater risk of default.
- A decrease in demand for retail space may materially and adversely affect us.
The other 62 risks
- We may be unable to renew leases, lease vacant space or re-lease space as leases expire on favorable terms or at all.
- Certain provisions of our leases may be unenforceable.
- The bankruptcy or insolvency of any of our tenants could result in the termination of such tenant’s lease and material losses to us.
- We may not acquire the properties that we evaluate in our pipeline.
- As we continue to acquire properties, we may decrease or fail to increase the diversity of our portfolio.
- We may obtain only limited warranties when we acquire a property and may only have limited recourse if our due diligence did not identify any issues that may subject us to unknown liabilities or lower the value of our property, which could adversely affect our financial condition and ability to make distributions to you.
- Many of the tenants that occupy our properties compete in industries that depend upon discretionary spending by consumers. A reduction in the willingness or ability of consumers to use their discretionary income in the businesses of our tenants and potential tenants could adversely impact our tenants’ business and thereby adversely impact our ability to collect rents and reduce the demand for leasing our properties.
- The vacancy of one or more of our properties could result in us having to incur significant capital expenditures to re-tenant the space.
- We may be unable to identify and complete suitable property acquisitions or developments, which may impede our growth, and our future acquisitions and developments may not yield the returns we expect.
- We may be unable to complete acquisitions of properties owned by CTO that are covered by the ROFO Agreement, and any completed acquisitions of such properties may not yield the returns we expect.
- We face significant competition for tenants, which may adversely impact the occupancy levels of our portfolio or prevent increases of the rental rates of our properties.
- Inflation may materially and adversely affect us and our tenants.
- The redevelopment or renovation of our properties may cause us to experience unexpected costs and have other risks that could materially and adversely affect us.
- Our real estate investments are generally illiquid, which could significantly affect our ability to respond to market changes or adverse changes relating to our tenants or in the performance of our properties.
- We may not be able to dispose of properties we target for sale to recycle our capital.
- The development of new projects and/or properties may cause us to experience unexpected costs and have other risks that could materially and adversely affect us.
- The success of our activities related to new project development in which we will retain an ownership interest is partly dependent on the availability of suitable undeveloped land at acceptable prices.
- Risks Related to Our Commercial Loans and Investments Segment
- A part of our investment strategy is focused on investing in commercial loans and investments which may involve credit risk.
- Our commercial loans and investments segment is also generally exposed to risks associated with real estate investments.
- Our origination or acquisition of construction loans exposes us to an increased risk of loss.
- Our investments in construction loans require us to make estimates about the fair value of land improvements that may be challenged by the Internal Revenue Service (“IRS”).
- We invest in fixed-rate loan investments, and an increase in interest rates may adversely affect the value of these investments, which could adversely impact our financial condition, results of operations and cash flows.
- The commercial loans or similar financings we have acquired and may acquire in the future that are secured by real estate typically depend on the ability of the property owner to generate income from operating the property. Failure to do so may result in delinquency and/or foreclosure.
- We may suffer losses when a borrower defaults on a loan and the value of the underlying collateral is less than the amount due.
- We could fail to continue to qualify as a REIT if the IRS successfully challenges our treatment of any mezzanine loans in which we invest.
- We are subject to risks associated with commercial real estate loan participations.
- Risks Related to Certain Events, Environmental Matters and Climate Change
- Natural disasters, terrorist attacks, other acts of violence or war or other unexpected events could materially and adversely affect us.
- Insurance on our properties may not adequately cover all losses and uninsured losses could materially and adversely affect us.
- The costs of compliance with or liabilities related to environmental laws may materially and adversely affect us.
- Our properties may contain or develop harmful mold, which could lead to liability for adverse health effects and costs of remediation.
- Our operations and financial condition may be adversely affected by climate change, including possible changes in weather patterns, weather-related events, government policy, laws, regulations and economic conditions.
- Risks Related to Other Aspects of our Operation and as a Public Company
- We are highly dependent on information systems and certain third-party technology service providers, and systems failures not related to cyber-attacks or similar external attacks could significantly disrupt our business, which may, in turn, negatively affect the market price of our securities and adversely impact our results of operations and cash flows.
- Our senior management team is required to operate two publicly traded companies, CTO and our company, which could place a significant strain on our senior management team and the management systems, infrastructure and other resources of CTO on which we rely.
- If there are deficiencies in our disclosure controls and procedures or internal control over financial reporting, we may be unable to accurately present our financial statements, which could materially and adversely affect us.
- Compliance with the Americans with Disabilities Act and fire, safety and other regulations may require us to make unanticipated expenditures that materially and adversely affect us.
- We have in the past and may in the future choose to acquire properties or portfolios of properties through tax deferred contribution transactions, which could result in stockholder dilution and limit our ability to sell such assets.
- Risks Related to Our Relationship with CTO and Our Manager and the Management Agreement
- We have no employees and are entirely dependent upon our Manager for all the services we require, and we cannot assure you that our Manager will allocate the resources necessary to meet our business objectives.
- CTO may be unable to obtain or retain the executive officers and other personnel that it provides to us through our Manager.
- We pay substantial fees and expenses to our Manager. These payments increase the risk that you will not earn a profit on your investment.
- The base management fee payable to our Manager pursuant to the Management Agreement is payable regardless of the performance of our portfolio, which may reduce our Manager’s incentive to devote the time and effort to seeking profitable investment opportunities for us.
- The incentive fee payable to our Manager pursuant to the Management Agreement may cause our Manager to select investments in more risky assets to increase its incentive compensation.
- There are conflicts of interest in our relationships with our Manager, which could result in outcomes that are not in our best interests.
- Our Manager’s failure to identify and acquire properties that meet our investment criteria or perform its responsibilities under the Management Agreement could materially and adversely affect our business and our ability to make distributions to our stockholders.
- Our Manager’s liability is limited under the Management Agreement, and we have agreed to indemnify our Manager against certain liabilities. As a result, we could experience unfavorable operating results or incur losses for which our Manager would not be liable.
- Termination of the Management Agreement could be difficult and costly, including as a result of payment of termination fees to our Manager, and may cause us to be unable to execute our business plan, which could materially and adversely affect us.
- If our Manager ceases to be our manager pursuant to the Management Agreement, counterparties to our agreements may cease doing business with us.
- The Management Agreement with our Manager and the ROFO Agreement with CTO were not negotiated on an arm’s-length basis and may not be as favorable to us as if they had been negotiated with unaffiliated third parties.
- Risks Related to Our Financing Activities
- Our growth depends on external sources of capital, including debt financings, that are outside of our control and may not be available to us on commercially reasonable terms or at all.
- Our organizational documents have no limitation on the amount of additional indebtedness that we may incur in the future. As a result, we may become highly leveraged in the future, which could materially and adversely affect us.
- The agreements governing our indebtedness place restrictions on us and our subsidiaries, reducing our operational flexibility and creating risks associated with default and noncompliance.
- Mortgage debt obligations expose us to the possibility of foreclosure, which could result in the loss of our investment in any property subject to mortgage debt.
- Increases in interest rates have and will likely continue to increase our interest costs on our variable rate debt and could adversely impact our ability to refinance existing debt or sell assets.
- Risks Related to Our Organization and Structure
- We are a holding company with no direct operations, and we rely on funds received from the Operating Partnership to pay our obligations and make distributions to our stockholders.
- Certain provisions of Maryland law could inhibit changes in control of our company.
- Certain provisions in the partnership agreement of the Operating Partnership may delay, defer or prevent unsolicited acquisitions of us.
- Our charter contains stock ownership limits, which may delay, defer or prevent a change of control.
- The Board may change our strategies, policies or procedures without stockholder consent, which may subject us to different and more significant risks in the future.
- We may have assumed unknown liabilities in connection with the Formation Transactions, which, if significant, could materially and adversely affect us.
- Our rights and the rights of our stockholders to take action against our directors and executive officers are limited, which could limit your recourse in the event of actions not in your best interest.
- Conflicts of interest exist or could arise in the future between the interests of our stockholders and the interests of holders of Operating Partnership units, which may impede business decisions that could benefit our stockholders.
- We could increase or decrease the number of authorized shares of stock, classify and reclassify unissued stock and issue stock without stockholder approval, which could prevent a change in our control and negatively affect the market price of our securities.
- The Operating Partnership has in the past and may in the future issue additional OP Units without the consent of our stockholders, which could have a dilutive effect on our stockholders.
Legal proceedings
From time to time, the Company may be a party to certain legal proceedings, incidental to the normal course of our business. We are not currently a party to any pending or threatened legal proceedings that we believe could have a material adverse effect on our business or financial condition.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 15SEC EDGARPhilip Mays, Chief financial officer
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- 19SEC EDGARMark E. Patten, Officer
- 20SEC EDGARSteven Robert Greathouse, Officer
- 21SEC EDGARBrenna Andrea Wadleigh, Board member
- 22SEC EDGARWein Rachel Elias, Board member
- 23SEC EDGARAndrew C. Richardson, Board member
- 24SEC EDGARJeffrey Scott Yarckin, Board member
- 25SEC EDGARMorton Carson Good, Board member
- 26
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- 28SEC EDGARShareholder vote
- 29SEC EDGAROther events
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- 36SEC EDGARShareholder vote
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- 38NasdaqNasdaq calendar
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