Alpine Income Property Trust (PINE) Balance Sheet: Assets & Liabilities

Alpine Income Property Trust (PINE) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Alpine Income Property Trust reported total assets of $715.87M and total liabilities of $414.62M. Shareholders' equity was $279.88M, up 10.6% from $253.03M a year earlier. Total debt stood at $394.18M against $4.59M in cash and short-term investments, a net debt position of $389.59M. That puts debt-to-equity at 1.41, compared with 1.22 a year earlier.

Alpine Income Property Trust Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Alpine Income Property Trust, Inc. (PINE) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	4.59	1.58	4.02	9.02	8.85	1.89	12.34	0.01	0.01
Short-Term Investments	0.00	0.00	10.96	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	4.59	1.58	4.02	9.02	8.85	1.89	12.34	0.01	0.01
Accounts Receivable	2.98	91.15	2.22	1.17	1.34	0.28	0.00	0.00	0.00
Inventory	0.00	0.00	4.41	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	-2.98	9.67	52.76	4.80	1.61	0.71	0.70	0.00	0.00
Total Current Assets	4.59	102.39	18.14	14.99	11.81	2.88	13.04	0.01	0.01
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	3.20	443.59	1.65	0.00	0.00	0.00	111.15	109.58
Long-Term Investments	611.19	0.00	35.08	0.00	0.00	0.00	0.00	-237.70	-235.56
Intangible Assets	48.93	43.93	49.29	60.43	58.82	36.88	22.36	10.56	11.55
Other Non-Current Assets	-611.19	455.48	18.45	496.37	434.89	222.48	128.77	115.99	114.43
Total Non-Current Assets	48.93	502.60	509.63	558.45	493.71	259.36	151.13	126.54	125.97
Total Assets	715.87	605.00	564.56	573.43	505.51	262.24	164.17	126.55	125.98
Current Liabilities
Accounts Payable	0.01	0.04	5.74	0.02	0.21	0.45	0.46	0.08	3.46
Short-Term Debt	0.31	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Liabilities	2.42	3.31	2.45	1.61	-	-	-	-	-
Deferred Revenue	14.03	2.41	2.63	1.48	2.03	1.06	0.09	0.34	0.37
Other Current Liabilities	-0.32	4.43	3.50	2.54	1.98	1.05	1.01	0.22	0.00
Total Current Liabilities	14.03	6.89	8.36	4.04	4.22	2.56	1.56	0.65	3.84
Non-Current Liabilities
Long-Term Debt	393.87	309.47	275.68	273.82	273.22	110.11	1.91	3.42	3.52
Deferred Tax Liabilities	0.00	0.00	-3.17	0.00	0.00	0.00	0.00	-2.05	-2.13
Other Non-Current Liabilities	6.41	12.14	4.91	0.20	0.17	-0.57	-0.09	-1.71	-1.76
Total Non-Current Liabilities	400.59	321.61	280.58	274.02	273.39	110.59	1.91	1.71	1.76
Total Liabilities	414.62	328.50	288.95	278.06	277.61	113.15	3.47	2.36	5.60
Stockholders' Equity
Common Stock	0.15	0.15	0.14	0.13	0.11	0.08	0.08	124.19	120.38
Retained Earnings	-35.28	0.00	-2.36	10.04	-6.42	-5.71	-0.50	0.00	0.00
Accumulated Other Comprehensive Income	1.29	-8.95	9.28	24.64	-4.50	-6.19	-0.50	0.00	0.00
Additional Paid-in Capital	313.69	261.83	243.69	226.80	207.33	138.59	138.45	0.00	0.00
Minority Interest	21.38	23.47	24.87	33.76	31.38	22.33	23.18	1.70	1.75
Shares Outstanding	14.78	14.69	13.66	13.39	-	-	-	-	-
Total Stockholders' Equity	279.88	253.03	275.61	261.62	196.52	126.76	137.53	124.19	120.38
Total Liabilities & Equity	715.87	605.00	564.56	573.43	505.51	262.24	164.17	126.55	125.98

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Alpine Income Property Trust Balance Sheet

How much debt does Alpine Income Property Trust have?

Alpine Income Property Trust had total debt of $394.18M as of Dec 31, 2025, against $4.59M in cash and short-term investments. Its debt-to-equity ratio was 1.41. Total debt was $309.47M a year earlier.

What are Alpine Income Property Trust's total assets?

Alpine Income Property Trust reported total assets of $715.87M as of Dec 31, 2025, up 18.3% from $605.00M a year earlier. Total liabilities were $414.62M.

What is Alpine Income Property Trust's shareholders' equity?

Alpine Income Property Trust's shareholders' equity was $279.88M as of Dec 31, 2025, or about $18.93 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition