PINE Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	48.66	46.01	44.97	45.19	30.13
Service and Other Revenue	11.88	6.22	0.68	-	-
Revenue	60.53	52.23	45.64	45.19	30.13
Revenue Growth (YoY)	15.90%	14.42%	1.00%	50.01%	56.52%
Property Expenses	7.96	7.79	6.58	5.44	3.67
Total Property Expenses	7.96	7.79	6.58	5.44	3.67
Gross Profit	52.58	44.43	39.06	39.76	26.45
Selling, General & Admin	6.71	6.58	6.3	5.78	5.03
Depreciation & Amortization Expenses	27.38	25.59	25.76	23.56	15.94
Other Operating Expenses	7.42	1.69	3.22	-	-
Operating Income	11.07	10.57	3.79	10.41	5.49
Net Gains on Disposal of Properties	2.07	3.44	9.33	33.8	9.68
Interest Income	0.24	0.25	0.29	0.01	0
Interest Expense	-16.27	-12.01	-10.17	-9.54	-3.7
Other Non-Operating Income (Expense)	-	-	0.02	-0.73	-
Total Non-Operating Income (Expense)	-13.95	-8.32	-0.52	23.55	5.98
Pretax Income	-2.89	2.25	3.27	33.96	11.46
Net Income	-3.21	2.07	2.92	29.72	9.96
Minority Interest in Earnings	-0.23	0.19	0.35	4.24	1.5
Net Income Attributable to Preferred Dividends	0.55	-	-	-	-
Net Income to Common	-3.21	2.07	2.92	29.72	9.96
Net Income Growth	-	-29.17%	-90.19%	198.27%	911.57%
Shares Outstanding (Basic)	14	14	14	12	10
Shares Outstanding (Diluted)	16	15	16	14	11
Shares Change (YoY)	3.12%	-3.07%	13.75%	21.64%	27.62%
EPS (Basic)	-0.22	0.15	0.21	2.48	1.02
EPS (Diluted)	-0.22	0.14	0.19	2.17	0.89
EPS Growth	-	-26.32%	-91.24%	143.82%	709.09%
Shares Outstanding	14.78	14.69	13.66	13.39	11.45
Free Cash Flow	-82.8	-51.1	-61.3	-164.5	-206.21
Free Cash Flow Per Share	-5.32	-3.39	-3.94	-12.03	-18.34
Dividends Per Share	1.140	1.110	1.100	1.090	1.015
Dividend Growth	2.70%	0.91%	0.92%	7.39%	23.78%
Gross Margin	86.86%	85.08%	85.58%	87.97%	87.81%
Operating Margin	18.28%	20.24%	8.29%	23.03%	18.21%
Profit Margin	-4.77%	4.32%	7.16%	75.14%	38.05%
FCF Margin	-136.78%	-97.84%	-134.30%	-364.00%	-684.48%
EBITDA	38.45	36.17	29.54	33.97	21.43
EBITDA Margin	63.52%	69.25%	64.72%	75.17%	71.12%
EBIT	11.07	10.57	3.79	10.41	5.49
EBIT Margin	18.28%	20.24%	8.29%	23.03%	18.21%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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