v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues:        
Lease Income $ 12,812 $ 12,122 $ 38,051 $ 35,970
Interest Income from Commercial Loans and Investments 7,611 2,320 20,700 7,358
Other Revenue 37 121 117 304
Total Revenues 20,460 14,563 58,868 43,632
Operating Expenses:        
Real Estate Expenses 2,095 1,891 6,482 6,030
General and Administrative Expenses 2,009 1,695 5,896 5,108
Provision for Impairment and Adjustment to CECL Reserve (76) 1,915 809 6,749
Depreciation and Amortization 6,881 6,597 20,901 20,609
Total Operating Expenses 10,909 12,098 34,088 38,496
Gain (Loss) on Disposition of Assets 272 (46) 369 2,043
Net Income From Operations 9,823 2,419 25,149 7,179
Investment and Other Income 17 68 472 160
Interest Expense (4,828) (3,910) (13,760) (11,822)
Net Income (Loss) 5,012 (1,423) 11,861 (4,483)
Less: Net Loss (Income) Attributable to Noncontrolling Interest (324) 113 (797) 353
Net Income (Loss) Attributable to Alpine Income Property Trust, Inc. 4,688 (1,310) 11,064 (4,130)
Less: Distributions to Preferred Stockholders (1,245)   (3,554)  
Net Income (Loss) Attributable to Common Stockholders $ 3,443 $ (1,310) $ 7,510 $ (4,130)
Per Common Share Data:        
Basic (in dollars per share) $ 0.19 $ (0.09) $ 0.45 $ (0.29)
Diluted (in dollars per share) $ 0.18 $ (0.09) $ 0.42 $ (0.29)
Weighted Average Number of Common Shares:        
Basic (in shares) 17,694,160 14,158,190 16,776,481 14,328,245
Diluted (in shares) 18,918,014 15,382,044 18,000,335 15,552,099