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Side-by-side financial comparison of Alpine Income Property Trust, Inc. (PINE) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $12.2M, roughly 1.5× Village Farms International, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs 11.9%, a 8.0% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs 29.6%).

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

PINE vs VFF — Head-to-Head

Bigger by revenue
PINE
PINE
1.5× larger
PINE
$18.4M
$12.2M
VFF
Growing faster (revenue YoY)
VFF
VFF
+1.9% gap
VFF
31.5%
29.6%
PINE
Higher net margin
VFF
VFF
8.0% more per $
VFF
19.9%
11.9%
PINE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PINE
PINE
VFF
VFF
Revenue
$18.4M
$12.2M
Net Profit
$2.2M
$2.4M
Gross Margin
Operating Margin
35.4%
Net Margin
11.9%
19.9%
Revenue YoY
29.6%
31.5%
Net Profit YoY
285.3%
128.2%
EPS (diluted)
$0.06
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PINE
PINE
VFF
VFF
Q1 26
$18.4M
Q4 25
$16.9M
$12.2M
Q3 25
$14.6M
$66.7M
Q2 25
$14.9M
$59.9M
Q1 25
$14.2M
$77.1M
Q4 24
$13.8M
Q3 24
$13.5M
$54.9M
Q2 24
$12.5M
$53.6M
Net Profit
PINE
PINE
VFF
VFF
Q1 26
$2.2M
Q4 25
$1.5M
$2.4M
Q3 25
$-1.3M
$10.2M
Q2 25
$-1.6M
$26.5M
Q1 25
$-1.2M
$-6.7M
Q4 24
$-958.0K
Q3 24
$3.1M
$-820.0K
Q2 24
$204.0K
$-23.5M
Gross Margin
PINE
PINE
VFF
VFF
Q1 26
Q4 25
Q3 25
47.9%
Q2 25
37.3%
Q1 25
14.7%
Q4 24
Q3 24
24.8%
Q2 24
25.4%
Operating Margin
PINE
PINE
VFF
VFF
Q1 26
35.4%
Q4 25
35.3%
Q3 25
16.6%
23.3%
Q2 25
16.8%
20.8%
Q1 25
16.0%
-8.0%
Q4 24
14.3%
Q3 24
47.9%
3.8%
Q2 24
24.0%
-43.5%
Net Margin
PINE
PINE
VFF
VFF
Q1 26
11.9%
Q4 25
8.7%
19.9%
Q3 25
-9.0%
15.3%
Q2 25
-11.0%
44.2%
Q1 25
-8.3%
-8.7%
Q4 24
-6.9%
Q3 24
22.8%
-1.5%
Q2 24
1.6%
-43.9%
EPS (diluted)
PINE
PINE
VFF
VFF
Q1 26
$0.06
Q4 25
$0.07
$0.01
Q3 25
$-0.09
$0.08
Q2 25
$-0.12
$0.24
Q1 25
$-0.08
$-0.06
Q4 24
$-0.06
Q3 24
$0.21
$-0.01
Q2 24
$0.01
$-0.21

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PINE
PINE
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$2.6M
$81.2M
Total DebtLower is stronger
$33.7M
Stockholders' EquityBook value
$312.5M
$299.9M
Total Assets
$745.1M
$423.1M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PINE
PINE
VFF
VFF
Q1 26
$2.6M
Q4 25
$4.6M
$81.2M
Q3 25
$1.2M
$82.6M
Q2 25
$5.0M
$60.0M
Q1 25
$6.1M
$15.1M
Q4 24
$1.6M
Q3 24
$2.6M
$28.7M
Q2 24
$3.3M
$29.7M
Total Debt
PINE
PINE
VFF
VFF
Q1 26
Q4 25
$377.7M
$33.7M
Q3 25
$358.2M
$34.6M
Q2 25
$352.6M
$39.1M
Q1 25
$356.5M
$39.2M
Q4 24
$301.5M
Q3 24
$278.9M
$43.3M
Q2 24
$268.3M
$44.4M
Stockholders' Equity
PINE
PINE
VFF
VFF
Q1 26
$312.5M
Q4 25
$279.9M
$299.9M
Q3 25
$223.5M
$295.4M
Q2 25
$229.8M
$284.3M
Q1 25
$240.9M
$248.3M
Q4 24
$253.0M
Q3 24
$248.2M
$274.4M
Q2 24
$244.0M
$275.2M
Total Assets
PINE
PINE
VFF
VFF
Q1 26
$745.1M
Q4 25
$715.9M
$423.1M
Q3 25
$621.4M
$418.4M
Q2 25
$628.4M
$403.7M
Q1 25
$647.4M
$377.1M
Q4 24
$605.0M
Q3 24
$579.0M
$417.8M
Q2 24
$565.8M
$425.4M
Debt / Equity
PINE
PINE
VFF
VFF
Q1 26
Q4 25
1.35×
0.11×
Q3 25
1.60×
0.12×
Q2 25
1.53×
0.14×
Q1 25
1.48×
0.16×
Q4 24
1.19×
Q3 24
1.12×
0.16×
Q2 24
1.10×
0.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

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