Alpine Income Property Trust Reports $60.5M Revenue Growth and $2.9M Net Loss for Fiscal Year 2025

Alpine Income Property Trust, Inc. reported a total revenue of $60.5 million for the fiscal year ended December 31, 2025, marking a 15.9% increase from $52.2 million in 2024. The growth in revenue was primarily driven by a 5.8% rise in lease income, which reached $48.7 million, and a significant 97% increase in interest income from commercial loans and investments, totaling $11.4 million. However, the company experienced a net loss of $2.9 million, a decline from a net income of $2.3 million in the previous year, largely attributed to a substantial increase in the provision for impairment, which rose to $7.4 million from $1.7 million in 2024.

In terms of operational developments, Alpine Income Property Trust expanded its portfolio by acquiring 13 properties for a total cost of $100.6 million during 2025. The company also sold 20 properties for $72.8 million, resulting in a net gain of $2.1 million. As of December 31, 2025, the company owned 127 properties across 32 states, with a total gross leasable area of 4.3 million square feet and a high occupancy rate of 99.5%. The weighted average remaining lease term for these properties was 8.4 years.

The company’s commercial loans and investments segment also saw significant activity, with 12 new loans originated for a total investment of $139.3 million. The portfolio of commercial loans included nine construction loans and six mortgage notes, with a total carrying value of $167.6 million as of year-end. The company’s cash and cash equivalents increased to $39 million, bolstered by a $109.2 million net cash inflow from financing activities, which included proceeds from long-term debt and the issuance of preferred stock.

Looking ahead, Alpine Income Property Trust aims to continue its strategy of acquiring high-quality net leased properties and expanding its commercial loan portfolio. The company has sufficient liquidity, with $79.9 million available under its at-the-market equity offering program and $40.6 million of available capacity on its credit facility. However, the company faces challenges, including potential impacts from economic conditions and tenant performance, which could affect its ability to maintain occupancy and rental rates. The management remains focused on maximizing cash flow and shareholder value while navigating these risks.