Alpine Income Property Trust (PINE) Cash Flow: Operating & Free Cash Flow

Alpine Income Property Trust Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities 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
Operating Activities
Net Income	-2.89	2.25	2.92	33.96	11.46	1.15	0.67	4.01	2.81
Depreciation & Amortization	27.38	25.59	25.76	23.24	15.94	9.84	5.82	4.67	2.89
Deferred Income Tax	0.00	0.00	0.00	0.00	-9.68	-0.29	3.16	0.00	0.00
Stock Based Compensation	0.38	0.25	0.00	0.31	0.31	0.27	0.51	0.23	0.14
Change in Working Capital	-4.13	-2.95	2.14	-0.37	-0.94	-1.38	-0.79	-3.60	-0.64
Change in Accounts Receivable	-0.70	-0.52	-0.40	-0.94	-0.61	-1.52	-0.48	-0.45	-0.38
Change in Inventory	0.00	0.00	0.00	0.94	0.61	1.52	0.00	0.00	0.00
Change in Accounts Payable	-1.03	0.88	0.67	0.22	0.67	0.00	1.23	-3.16	3.16
Change in Other Working Capital	-0.33	-1.49	1.87	0.60	-2.59	-1.39	-1.54	-0.44	-3.80
Other Operating Activities	5.00	-1.73	-5.25	0.60	-9.57	-0.19	-1.05	0.30	0.08
Net Cash from Operating Activities	25.75	23.42	25.57	24.65	17.20	9.39	8.31	5.63	5.28
Investing Activities
Capital Expenditures	-108.55	-74.52	-84.47	-189.15	-223.41	0.00	0.00	0.00	0.00
Acquisitions	0.00	-2.23	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Purchases of Investments	-135.91	-57.85	-35.42	0.00	-223.41	-118.81	-152.92	-5.19	-59.40
Sales/Maturities of Investments	57.71	2.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	13.64	13.59	106.30	150.37	27.42	4.93	0.00	-5.19	-59.40
Net Cash from Investing Activities	-103.86	-55.66	-13.58	-38.78	-195.99	-113.88	-152.92	-5.19	-59.40
Financing Activities
Debt Repayment	-140.00	-96.90	8.25	-277.75	-162.43	106.81	0.00	0.00	-7.30
Common Stock Issued	12.26	18.61	12.12	35.65	67.77	0.00	138.02	0.00	0.00
Common Stock Repurchased	-8.80	-0.78	-14.62	0.00	0.00	-5.01	0.00	0.00	0.00
Dividends Paid	-17.74	-16.79	-15.32	-15.12	-12.16	-7.20	-0.53	0.00	0.00
Other Financing Activities	-0.14	-0.09	-1.74	-2.11	-1.40	-0.56	19.45	-0.44	61.01
Net Cash from Financing Activities	109.16	26.46	-11.30	17.67	186.40	94.03	156.94	-0.44	53.71
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	31.05	-5.78	0.69	3.55	7.60	-10.45	12.33	0.00	-0.42
Cash at Beginning of Period	7.95	13.73	13.04	9.50	1.89	12.34	0.01	0.01	0.42
Cash at End of Period	39.00	7.95	13.73	13.04	9.50	1.89	12.34	0.01	0.01
Free Cash Flow	-82.80	-51.10	-58.89	24.65	-206.21	9.39	8.31	5.63	5.28
Supplemental Disclosures
Interest Paid	15.06	11.97	9.25	7.75	3.13	-	-	-	-

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 Cash Flow

What is Alpine Income Property Trust's free cash flow?

Alpine Income Property Trust had negative free cash flow of $82.80M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $25.75M minus $108.55M of capital expenditures.

How much does Alpine Income Property Trust spend on capital expenditures?

Alpine Income Property Trust spent $108.55M on capital expenditures in fiscal 2025, compared with $74.52M a year earlier. That equals 421.5% of operating cash flow.

Does Alpine Income Property Trust pay dividends or buy back shares?

Yes. In fiscal 2025 Alpine Income Property Trust returned $17.74M in dividends and $8.80M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition