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NewLake Capital Partners, Inc. vs Farmland Partners Inc. vs Ares Commercial Real Estate Corp vs Alpine Income Property Trust, Inc.

Latest annual figures from SEC filings. Each company is shown for its own most recent fiscal year, so period ends can differ. Select a figure to see its full history.

Latest fiscal year	NewLake Capital Partners, Inc. NLCP	Farmland Partners Inc. FPI	Ares Commercial Real Estate Corp ACRE	Alpine Income Property Trust, Inc. PINE
Year ended	2025-12-31	2025-12-31	2025-12-31	2025-12-31
Revenue	$51.07M	$52.18M	$54.83M	$60.53M
Revenue growth (YoY)	+1.9%	-10.4%	-21.3%	+15.9%
Gross margin	n/a	n/a	n/a	86.0%
Operating margin	53.4%	n/a	n/a	21.7%
Net margin	52.4%	60.5%	-1.6%	-4.4%
Net income	$26.77M	$31.55M	-$902.0K	-$2.66M
EPS (Diluted)	$1.28	$0.61	n/a	-$0.22
Operating cash flow	$42.46M	$17.43M	$21.35M	$25.75M
Free cash flow	n/a	n/a	n/a	-$218.71M
Cash & equivalents	$23.94M	n/a	$29.29M	$4.59M
Total assets	$420.83M	$719.07M	$1.62B	$715.87M
Total liabilities	$26.14M	$181.09M	$1.11B	$414.62M
Shareholders' equity	$387.94M	$467.39M	$509.57M	$301.26M
Return on year-end equity	6.9%	6.7%	-0.2%	-0.9%
Shares outstanding	20.55M	43.09M	55.03M	14.78M

n/a means the company did not report that line under the concept TickerFacts maps, not that it is zero.

Revenue, most recent five fiscal years

Fiscal year	NewLake Capital Partners, Inc.	Farmland Partners Inc.	Ares Commercial Real Estate Corp	Alpine Income Property Trust, Inc.
Latest	$51.07M Ended 2025-12-31	$52.18M Ended 2025-12-31	$54.83M Ended 2025-12-31	$60.53M Ended 2025-12-31
1 year earlier	$50.13M Ended 2024-12-31	$58.23M Ended 2024-12-31	$69.65M Ended 2024-12-31	$52.23M Ended 2024-12-31
2 years earlier	$47.30M Ended 2023-12-31	$57.47M Ended 2023-12-31	$92.93M Ended 2023-12-31	$45.64M Ended 2023-12-31
3 years earlier	$45.00M Ended 2022-12-31	$61.21M Ended 2022-12-31	$106.85M Ended 2022-12-31	$45.19M Ended 2022-12-31
4 years earlier	$28.06M Ended 2021-12-31	$51.74M Ended 2021-12-31	$102.07M Ended 2021-12-31	$30.13M Ended 2021-12-31