Alpine Income Property Trust, Inc. (PINE)
Alpine Income Property Trust, Inc. (PINE)
| Balance Sheets | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|---|
| Land, at cost | 166,572 | 154,668 | 151,628 | 151,500 |
| Building and improvements, at cost | 349,449 | 342,371 | 344,138 | 350,299 |
| Total real estate, at cost | 516,021 | 497,039 | 495,766 | 501,799 |
| Less, accumulated depreciation | 62,863 | 58,586 | 54,446 | 53,955 |
| Real estate-net | 453,158 | 438,453 | 441,320 | 447,844 |
| Assets held for sale | 375 | 375 | 8,077 | 9,816 |
| Carrying value | - | - | - | 103,815 |
| Cecl reserve | - | - | - | 1,043 |
| Commercial loans and investments | 238,575 | 217,158 | 167,553 | 102,772 |
| Cash and cash equivalents | 2,778 | 2,618 | 4,589 | 1,183 |
| Restricted cash | 23,296 | 24,428 | 34,410 | 5,455 |
| Intangible lease assets-net | 46,151 | 46,759 | 48,925 | 41,788 |
| Straight-line rent adjustment | 2,406 | 2,246 | 2,092 | 1,936 |
| Other assets | 14,774 | 13,089 | 8,908 | 10,630 |
| Total assets | 781,513 | 745,126 | 715,874 | 621,424 |
| Accounts payable | 37 | 58 | 9 | - |
| Accrued expenses | 2,494 | 2,548 | 2,416 | - |
| Tenant security deposits | 124 | 124 | 124 | - |
| Due to cto | 1,400 | 1,278 | 1,350 | - |
| Interest rate swaps | - | 112 | 171 | - |
| Loan reserves | 7,028 | 3,883 | 715 | - |
| Operating leases - liability | 3,010 | 3,051 | 3,092 | - |
| Accounts payable, accrued expenses, and other liabilities | 14,093 | 11,054 | 7,877 | 8,938 |
| Prepaid rent and deferred revenue | 17,661 | 16,053 | 14,031 | 5,310 |
| Intangible lease liabilities-net | 4,602 | 4,631 | 4,971 | 3,804 |
| Obligation under participation agreement | 19,062 | 20,298 | 10,000 | - |
| Long-term debt, gross | 369,500 | 361,500 | 378,000 | 358,500 |
| Financing costs, net of accumulated amortization | 1,948 | 2,072 | 261 | 345 |
| Long-term debt-net | 367,552 | 359,428 | 377,739 | 358,155 |
| Total liabilities | 422,970 | 411,464 | 414,618 | 376,207 |
| Preferred stock, 100 million shares authorized, 0.01 par value, 8.00 series a cumulative redeemable preferred stock, 25.00 per share liquidation preference, 2,425,868 shares issued and outstanding as of june 30, 2026 and 2,083,328 shares issued and outstanding as of december 31, 2025 | 24 | 23 | 21 | - |
| Common stock, 0.01 par value per share, 500 million shares authorized, 17,595,168 shares issued and outstanding as of june 30, 2026 and 14,783,419 shares issued and outstanding as of december 31, 2025 | 176 | 165 | 148 | 142 |
| Additional paid-in capital | 375,337 | 349,884 | 313,690 | 253,162 |
| Dividends in excess of net income | -41,394 | -39,120 | -35,276 | -32,067 |
| Accumulated other comprehensive income | 3,148 | 1,509 | 1,293 | 2,292 |
| Stockholders' equity | 337,291 | 312,461 | 279,876 | 223,529 |
| Noncontrolling interest | 21,252 | 21,201 | 21,380 | 21,688 |
| Total equity | 358,543 | 333,662 | 301,256 | 245,217 |
| Total liabilities and equity | 781,513 | 745,126 | 715,874 | 621,424 |