For the quarter ending 2026-03-31, PINE-PA has $745,126K in assets. $411,464K in debts. $2,618K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | ||
|---|---|---|---|---|
| Land, at cost | 154,668 | 151,628 | ||
| Building and improvements, at cost | 342,371 | 344,138 | ||
| Total real estate, at cost | 497,039 | 495,766 | ||
| Less, accumulated depreciation | 58,586 | 54,446 | ||
| Real estate-net | 438,453 | 441,320 | ||
| Assets held for sale | 375 | 8,077 | ||
| Commercial loans and investments | 217,158 | 167,553 | ||
| Cash and cash equivalents | 2,618 | 4,589 | ||
| Restricted cash | 24,428 | 34,410 | ||
| Intangible lease assets-net | 46,759 | 48,925 | ||
| Straight-line rent adjustment | 2,246 | 2,092 | ||
| Other assets | 13,089 | 8,908 | ||
| Total assets | 745,126 | 715,874 | ||
| Accounts payable | 58 | 9 | ||
| Accrued expenses | 2,548 | 2,416 | ||
| Tenant security deposits | 124 | 124 | ||
| Due to cto | 1,278 | 1,350 | ||
| Interest rate swaps | 112 | 171 | ||
| Loan reserves | 3,883 | 715 | ||
| Operating leases - liability | 3,051 | 3,092 | ||
| Accounts payable, accrued expenses, and other liabilities | 11,054 | 7,877 | ||
| Prepaid rent and deferred revenue | 16,053 | 14,031 | ||
| Intangible lease liabilities-net | 4,631 | 4,971 | ||
| Obligation under participation agreement | 20,298 | 10,000 | ||
| Long-term debt, gross | 361,500 | 378,000 | ||
| Financing costs, net of accumulated amortization | 2,072 | 261 | ||
| Long-term debt-net | 359,428 | 377,739 | ||
| Total liabilities | 411,464 | 414,618 | ||
| Preferred stock, 100 million shares authorized, 0.01 par value, 8.00 series a cumulative redeemable preferred stock, 25.00 per share liquidation preference, 2,269,566 shares issued and outstanding as of march 31, 2026 and 2,083,328 shares issued and outstanding as of december 31, 2025 | 23 | 21 | ||
| Common stock, 0.01 par value per share, 500 million shares authorized, 16,450,757 shares issued and outstanding as of march 31, 2026 and 14,783,419 shares issued and outstanding as of december 31, 2025 | 165 | 148 | ||
| Additional paid-in capital | 349,884 | 313,690 | ||
| Dividends in excess of net income | -39,120 | -35,276 | ||
| Accumulated other comprehensive income | 1,509 | 1,293 | ||
| Stockholders' equity | 312,461 | 279,876 | ||
| Noncontrolling interest | 21,201 | 21,380 | ||
| Total equity | 333,662 | 301,256 | ||
| Total liabilities and equity | 745,126 | 715,874 | ||
Alpine Income Property Trust, Inc. (PINE-PA)
Alpine Income Property Trust, Inc. (PINE-PA)