Alpine Income Property Trust, Inc. (PINE) Revenue History
Annual and quarterly revenue from 2017 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
Revenue Breakdown (FY 2025)
PINE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
PINE Revenue Analysis (2017–2025)
As of March 1, 2026, Alpine Income Property Trust, Inc. (PINE) generated trailing twelve-month (TTM) revenue of $60.5 million, reflecting exceptional growth of +22.5% year-over-year. The most recent quarter (Q4 2025) recorded $16.9 million in revenue, up 16.0% sequentially.
Looking at the longer-term picture, PINE's 5-year compound annual growth rate (CAGR) stands at +25.8%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $60.5 million in 2025, representing a new all-time high.
Revenue diversification analysis shows PINE's business is primarily driven by Income Properties (100%). With over half of revenue concentrated in Income Properties, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including O (+9.1% YoY), NNN (+6.6% YoY), and FCPT (+9.7% YoY), PINE has outperformed the peer group in terms of revenue growth. Compare PINE vs O →
Peer Comparison
Compare PINE's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PINECurrent | $61M | +22.5% | +25.8% | 21.7% | |
| O | $5.7B | +9.1% | +28.4% | 28.3% | |
| NNN | $926M | +6.6% | +7.0% | 63.6% | |
| FCPT | $294M | +9.7% | +11.5% | 55.7% | |
| GTY | $222M | +8.2% | +8.5% | 54.9% | |
| NTST | $195M | +20.3% | +42.0% | 25.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $60.5M | +15.9% | $52.6M | 86.9% | $13.1M | 21.7% |
| 2024 | $52.2M | +14.4% | $40.2M | 77.0% | $14.0M | 26.8% |
| 2023 | $45.6M | +1.0% | $38.8M | 84.9% | $13.1M | 28.8% |
| 2022 | $45.2M | +50.0% | $35.9M | 79.5% | $43.5M | 96.2% |
| 2021 | $30.1M | +56.5% | $23.3M | 77.2% | $15.2M | 50.3% |
| 2020 | $19.2M | +45.5% | $16.9M | 88.0% | $2.6M | 13.6% |
| 2019 | $13.2M | +12.9% | $11.2M | 84.6% | $3.6M | 27.4% |
| 2018 | $11.7M | +38.6% | $10.1M | 86.2% | $4.0M | 34.3% |
| 2017 | $8.5M | - | $7.0M | 82.6% | $3.1M | 36.7% |
See PINE's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs PINE Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare PINE vs WELL
See how PINE stacks up against sector leader Welltower Inc..
Start ComparisonFrequently Asked Questions
Is PINE's revenue growth accelerating or slowing?
PINE revenue is accelerating at +22.5% year-over-year, exceeding the 5-year CAGR of +25.8%. TTM revenue reached $61M. Growth momentum has increased versus prior periods.
What is PINE's long-term revenue growth rate?
Alpine Income Property Trust, Inc.'s 5-year revenue CAGR of +25.8% reflects the sustained expansion pattern. Current YoY growth of +22.5% is above this long-term average.
How is PINE's revenue distributed by segment?
PINE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2025 are available for download. Segment mix reveals concentration and diversification trends.