Alpine Income Property Trust, Inc. - Understand $pine stock

$PINE Market Cap: $254.2 Million

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Financial Snapshot

Revenue

$50.02M

TTM

Gross Margin

85.31%

TTM

Net Earnings

$3.359M

TTM

Current Assets

$5.098M

Q3 2024

Current Liabilities

$6.172M

Q3 2024

Current Ratio

82.6%

Q3 2024

Total Assets

$579.0M

Q3 2024

Total Liabilities

$307.0M

Q3 2024

Book Value

$272.0M

Q3 2024

Cash

$2.560M

Q3 2024

P/E

75.68

Nov 29, 2024 EST

Free Cash Flow

$2.321M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$45.64M	$45.20M	$30.13M	$19.25M	$13.23M	$11.72M	$8.450M
YoY Change	0.98%	50.04%	56.53%	45.49%	12.88%	38.7%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$45.64M	$45.20M	$30.13M	$19.25M	$13.23M	$11.72M	$8.450M
Cost Of Revenue	$6.580M	$5.435M	$3.673M	$2.320M	$2.040M	$1.620M	$1.470M
Gross Profit	$39.06M	$39.77M	$26.46M	$16.93M	$11.19M	$10.10M	$6.990M
Gross Profit Margin	85.58%	87.98%	87.81%	87.96%	84.58%	86.18%	82.72%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017
Selling, General & Admin	$6.301M	$5.784M	$5.027M	$4.660M	$2.020M	$1.180M	$830.0K
YoY Change	8.94%	15.06%	7.88%	130.69%	71.19%	42.17%
% of Gross Profit	16.13%	14.54%	19.0%	27.53%	18.05%	11.68%	11.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$25.76M	$23.56M	$15.94M	$9.949M	$5.550M	$4.900M	$3.060M
YoY Change	9.31%	47.84%	60.21%	79.26%	13.27%	60.13%
% of Gross Profit	65.94%	59.25%	60.25%	58.77%	49.6%	48.51%	43.78%
Operating Expenses	$41.86M	$34.78M	$24.64M	$16.93M	$7.560M	$6.080M	$3.890M
YoY Change	20.34%	41.17%	45.58%	123.88%	24.34%	56.3%
Operating Profit	$13.14M	$43.49M	$15.16M	$2.610M	$3.630M	$4.020M	$3.100M
YoY Change	-69.78%	186.82%	481.0%	-28.1%	-9.7%	29.68%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	-$10.17M	-$9.539M	-$3.702M	-$1.464M	-$40.00K	$0.00	-$290.0K
YoY Change	6.56%	157.67%	152.87%	3560.0%		-100.0%
% of Operating Profit	-77.35%	-21.93%	-24.41%	-56.09%	-1.1%	0.0%	-9.35%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017
Pretax Income	$3.266M	$33.96M	$11.46M	$1.150M	$3.590M	$4.010M	$2.810M
YoY Change	-90.38%	196.24%	896.7%	-67.97%	-10.47%	42.7%
Income Tax
% Of Pretax Income
Net Earnings	$2.917M	$29.72M	$9.964M	$985.0K	$3.590M	$4.010M	$2.810M
YoY Change	-90.19%	198.27%	911.57%	-72.56%	-10.47%	42.7%
Net Earnings / Revenue	6.39%	65.75%	33.07%	5.12%	27.14%	34.22%	33.25%
Basic Earnings Per Share	$0.21	$2.48	$1.02	$0.13
Diluted Earnings Per Share	$0.19	$2.17	$0.89	$0.11	$393.2K	$440.2K	$308.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017
Cash & Short-Term Investments	$4.019M	$9.018M	$8.851M	$1.900M	$12.30M	$0.00	$0.00
YoY Change	-55.43%	1.89%	365.84%	-84.55%
Cash & Equivalents	$4.019M	$9.018M	$8.851M	$1.900M	$12.30M	$0.00	$0.00
Short-Term Investments
Other Short-Term Assets	$2.595M	$2.234M	$2.112M	$1.000M	$600.0K
YoY Change	16.16%	5.78%	111.2%	66.67%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$7.423M	$12.42M	$12.31M	$3.200M	$12.90M
YoY Change	-40.25%	0.96%	284.56%	-75.19%
Property, Plant & Equipment	$480.1M	$478.7M	$429.0M	$219.3M	$128.0M	$111.2M	$109.6M
YoY Change	0.29%	11.59%	95.62%	71.33%	15.11%	1.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$15.31M	$5.544M	$1.115M		$600.0K	$3.200M	$3.600M
YoY Change	176.19%	397.22%			-81.25%	-11.11%
Total Long-Term Assets	$557.1M	$561.0M	$493.2M	$259.0M	$151.3M
YoY Change	-0.69%	13.75%	90.43%	71.18%
Total Assets	$564.6M	$573.4M	$505.5M	$262.2M	$164.2M	$126.6M	$126.0M
YoY Change
Accounts Payable	$108.0K	$182.0K	$213.0K	$500.0K	$500.0K	$300.0K	$3.500M
YoY Change	-40.66%	-14.55%	-57.4%	0.0%	66.67%	-91.43%
Accrued Expenses	$3.903M	$3.266M	$676.0K	$500.0K	$900.0K
YoY Change	19.5%	383.14%	35.2%	-44.44%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.063M	$4.380M	$2.190M	$1.600M	$1.500M	$300.0K	$3.500M
YoY Change	15.59%	100.0%	36.88%	6.67%	400.0%	-91.43%
Long-Term Debt	$275.7M	$267.1M	$267.7M	$106.8M	$0.00	$0.00	$0.00
YoY Change	3.2%	-0.23%	150.69%
Other Long-Term Liabilities	$8.207M	$6.560M	$7.682M	$4.800M	$2.000M	$2.100M	$2.100M
YoY Change	25.11%	-14.61%	60.04%	140.0%	-4.76%	0.0%
Total Long-Term Liabilities	$283.9M	$273.7M	$275.4M	$111.6M	$2.000M	$2.100M	$2.100M
YoY Change	3.73%	-0.63%	146.79%	5480.0%	-4.76%	0.0%
Total Liabilities	$313.8M	$311.8M	$309.0M	$135.5M	$26.60M	$2.400M	$5.600M
YoY Change	0.64%	0.91%	128.04%	409.4%	1008.33%	-57.14%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	13.93M	11.98M	9.781M	7.588M
Diluted Shares Outstanding	15.56M	13.68M	11.25M	8.812M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $254.2 Million

About Alpine Income Property Trust, Inc.

Alpine Income Property Trust, Inc. is a real estate company, which owns and operates a portfolio of single-tenant commercial properties. The company is headquartered in Winter Park, Florida and currently employs 0 full-time employees. The company went IPO on 2019-11-22. The firm seeks to deliver risk-adjusted returns and cash dividends by investing in, owning, and operating a portfolio of single tenant net leased properties that are predominately leased to publicly traded and credit-rated tenants. The Company’s primary objective is to maximize cash flow and value per share by generating stable and growing cash flows and risk-adjusted returns through the ownership, operation, and growth through acquisition of a diversified portfolio of net leased commercial properties with a long-term real estate fundamental and through the investment of commercial loans secured by commercial real estate. The firm operates through two segments: income properties and commercial loans and investments. The 138 properties in the Company’s portfolio represents approximately 3.8 million of gross rentable square feet with leases that have a weighted average lease term of seven years.

Industry: Real Estate Investment Trusts Peers: Belpointe PREP, LLC W. P. Carey Inc. CTO Realty Growth, Inc. FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY GLADSTONE COMMERCIAL CORP Guskin Gold Corp. NEXPOINT DIVERSIFIED REAL ESTATE TRUST MODIV INDUSTRIAL, INC. ONE LIBERTY PROPERTIES INC