Alpine Income Property Trust, Inc. (PINE) Financial Statements (2024 and earlier)

Company Profile

Business Address 369 N. NEW YORK AVE.
WINTER PARK, FL 32789
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,0188,8511,894
Cash and cash equivalents9,0188,8511,894
Prepaid expense740616606
Total current assets:9,7589,4672,500
Noncurrent Assets
Operating lease, right-of-use asset1,647  
Property, plant and equipment477,054428,989219,339
Intangible assets, net (including goodwill)60,43258,82136,881
Intangible assets, net (excluding goodwill)60,43258,82136,881
Total noncurrent assets:539,133487,810256,220
Other undisclosed assets24,5408,2372,870
TOTAL ASSETS:573,431505,514261,590
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities278,056277,612112,497
Total liabilities:278,056277,612112,497
Equity
Equity, attributable to parent261,618196,523126,759
Common stock13411475
Additional paid in capital236,841200,906132,878
Accumulated other comprehensive income (loss)14,6011,922(481)
Retained earnings (accumulated deficit)10,042(6,419)(5,713)
Equity, attributable to noncontrolling interest33,75731,37922,334
Total equity:295,375227,902149,093
TOTAL LIABILITIES AND EQUITY:573,431505,514261,590

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues45,20330,12819,248
Operating lease, lease income45,20330,12819,248
Cost of revenue
(Cost of Goods and Services Sold)
 (14,800)(10,000)(6,200)
Other undisclosed gross profit   
Gross profit:30,40320,12813,048
Operating expenses(34,783)(24,639)(16,925)
Other undisclosed operating income47,87419,6756,487
Operating income:43,49415,1642,610
Interest and debt expense(9,539)(3,702)(1,652)
Income from continuing operations:33,95511,462958
Income before gain (loss) on sale of properties:11,462958
Other undisclosed net income  188
Net income:33,95511,4621,146
Net loss attributable to noncontrolling interest(4,235)(1,498)(161)
Net income available to common stockholders, diluted:29,7209,964985

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net income:33,95511,4621,146
Other comprehensive income (loss)12,6792,403(481)
Comprehensive income:46,63413,865665
Comprehensive loss, net of tax, attributable to noncontrolling interest(4,235)(1,498)(161)
Comprehensive income, net of tax, attributable to parent:42,39912,367504

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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