| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Land, at cost | 151,500 | 141,579 | ||
| Building and improvements, at cost | 350,299 | 356,835 | ||
| Total real estate, at cost | 501,799 | 498,414 | ||
| Less, accumulated depreciation | 53,955 | 50,791 | ||
| Real estate-net | 447,844 | 447,623 | ||
| Assets held for sale | 9,816 | 1,110 | ||
| Carrying value | 103,815 | - | ||
| Cecl reserve | 1,043 | - | ||
| Commercial loans and investments | 102,772 | 110,876 | ||
| Cash and cash equivalents | 1,183 | 5,000 | ||
| Restricted cash | 5,455 | 7,127 | ||
| Intangible lease assets-net | 41,788 | 43,176 | ||
| Straight-line rent adjustment | 1,936 | 1,772 | ||
| Other assets | 10,630 | 11,762 | ||
| Total assets | 621,424 | 628,446 | ||
| Accounts payable, accrued expenses, and other liabilities | 8,938 | 14,337 | ||
| Obligation under participation agreement | - | 2,272 | ||
| Prepaid rent and deferred revenue | 5,310 | 3,083 | ||
| Intangible lease liabilities-net | 3,804 | 4,097 | ||
| Long-term debt, gross | 358,500 | - | ||
| Financing costs, net of accumulated amortization | 345 | - | ||
| Long-term debt-net | 358,155 | 352,570 | ||
| Total liabilities | 376,207 | 376,359 | ||
| Common stock, 0.01 par value per share, 500 million shares authorized, 14,158,190 shares issued and outstanding as of september 30, 2025 and 14,691,982 shares issued and outstanding as of december 31, 2024 | 142 | 142 | ||
| Additional paid-in capital | 253,162 | 253,067 | ||
| Dividends in excess of net income | -32,067 | -26,721 | ||
| Accumulated other comprehensive income | 2,292 | 3,357 | ||
| Stockholders' equity | 223,529 | 229,845 | ||
| Noncontrolling interest | 21,688 | 22,242 | ||
| Total equity | 245,217 | 252,087 | ||
| Total liabilities and equity | 621,424 | 628,446 | ||
Alpine Income Property Trust, Inc. (PINE)
Alpine Income Property Trust, Inc. (PINE)