Alpine Income Property Trust Inc (PINE) AI Stock Analysis

• Market Cap: $205.15M
• Dividend Yield: 7.92%
• Average Volume (3M): 90.83K
• Price to Earnings (P/E): 157.5
• Beta (1Y): 0.24
• Revenue Growth: 17.14%
• EPS Growth: 3.27%
• Country: US
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Retail
• EPS (TTM): -0.12
• Shares Outstanding: 14,158,190
• 10 Day Avg. Volume: 72,083
• 30 Day Avg. Volume: 90,830
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 2.82
• Enterprise Value/Revenue: 10.28
• Enterprise Value/Gross Profit: 12.59
• Enterprise Value/Ebitda: 14.69
• 1Y Price Target: $17.56
• Price Target Upside: 18.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9

• Rating: 63 Neutral
• Price Target: $15.50 ▲(5.01% Upside)

Alpine Income Property Trust Inc's overall stock score reflects a combination of strong financial performance and a high dividend yield, offset by technical indicators suggesting bearish momentum and valuation concerns due to a negative P/E ratio. The earnings call provided a mixed outlook, with both positive growth indicators and significant challenges.

Positive Factors

Asset Management Strategy

The company continues to sell lower-yielding assets and reinvests the proceeds into higher-yielding opportunities.

Dividend Payout

The company increased the quarterly dividend by 1.8% to $0.285 per share, yielding 6.6% annually.

Financial Performance

The company reported FFO numbers of $0.44, which represents a 19% increase year-over-year, and its two cents higher than consensus estimates and four cents higher than analyst estimates.

Negative Factors

Market Position

The company aims to acquire properties at yields above their cost of capital targeting properties in the $10 – $50 million range which are not typically pursued by institutions or larger REITs.

Valuation

The company shares are trading at one of the lowest multiples among triple net lease REITs at 9.6x versus 13.7x for the group on 2025 numbers.

Alpine Income Property Trust Inc Business Overview & Revenue Model

Company Description

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties.

How the Company Makes Money

Alpine Income Property Trust Inc generates revenue primarily through the collection of rental income from its portfolio of single-tenant commercial properties. These properties are leased to a diverse range of retail and commercial tenants under long-term net lease agreements, whereby the tenant is responsible for most property-related expenses such as maintenance, taxes, and insurance. This lease structure allows PINE to maintain a steady cash flow and minimizes its operational expenses. Additionally, the company may engage in strategic property acquisitions and dispositions to optimize its portfolio and enhance shareholder value. Significant factors contributing to its earnings include the creditworthiness of its tenants and the economic health of the retail and commercial real estate markets.

Alpine Income Property Trust Inc Financial Statement Overview

Summary

Alpine Income Property Trust Inc demonstrates robust revenue growth and efficient cost management, contributing to strong financial performance. The reduction of debt enhances financial stability, although variability in Free Cash Flow and declining profitability in recent periods indicate areas for potential risk.

Income Statement

Alpine Income Property Trust Inc demonstrates solid performance in revenue growth, with a notable increase in revenue from $30.13 million in 2021 to $45.66 million in 2023, and $52.23 million in 2024, showcasing a significant growth trajectory. The Gross Profit Margin and EBITDA Margin maintain healthy levels, indicating efficient cost management. However, the declining Net Income from 2023 to 2024 and the lower Net Profit Margin in the TTM compared to 2022 indicate potential profitability challenges.

Balance Sheet

The company displays financial stability with a high Equity Ratio, as Stockholders' Equity constitutes a substantial portion of Total Assets. The complete reduction of Total Debt in the TTM period enhances financial flexibility. However, the fluctuating Stockholders' Equity and a decrease in Return on Equity from 2022 to 2024 highlight areas for improvement in effectively utilizing equity to generate profits.

Cash Flow

Strong Operating Cash Flow and positive Free Cash Flow in the latest TTM period indicate healthy cash generation capabilities. The Free Cash Flow to Net Income Ratio remains stable, reflecting efficient conversion of net income into cash. However, the inconsistency in Free Cash Flow growth, particularly the significant negative figure in 2022, suggests volatility in capital expenditure management and cash flow consistency.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	52.23M	45.64M	45.20M	30.13M	19.25M
Gross Profit	40.19M	38.76M	39.77M	26.45M	16.93M
EBITDA	39.61M	38.48M	33.98M	30.74M	12.27M
Net Income	2.07M	2.92M	20.18M	6.26M	-479.00K
Balance Sheet
Total Assets	605.00M	564.56M	573.43M	505.51M	261.59M
Cash, Cash Equivalents and Short-Term Investments	1.58M	14.98M	9.02M	8.85M	1.89M
Total Debt	309.47M	282.04M	272.17M	273.22M	109.46M
Total Liabilities	328.50M	288.95M	278.06M	277.61M	112.50M
Stockholders Equity	253.03M	250.74M	261.62M	196.52M	126.76M
Cash Flow
Free Cash Flow	25.61M	25.64M	-164.50M	17.20M	9.39M
Operating Cash Flow	25.61M	25.64M	24.65M	17.20M	9.39M
Investing Cash Flow	-57.84M	-13.58M	-38.78M	-195.99M	-113.88M
Financing Cash Flow	26.46M	-11.38M	17.67M	186.40M	94.03M

Alpine Income Property Trust Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.76
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PINE, the sentiment is Positive. The current price of 14.76 is above the 20-day moving average (MA) of 14.31, above the 50-day MA of 14.64, and below the 200-day MA of 15.67, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 58.73 is Neutral, neither overbought nor oversold. The STOCH value of 84.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PINE.

Alpine Income Property Trust Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CBL	72 Outperform	$917.79M	14.19	21.97%	9.24%	2.20%	128.61%
NTST	71 Outperform	$1.80B	―	-0.43%	4.48%	21.31%	-199.59%
BFS	65 Neutral	$807.27M	25.14	12.90%	7.16%	5.17%	-25.96%
PINE	63 Neutral	$205.15M	157.55	-0.29%	7.92%	17.14%	3.27%
Sector *	62 Neutral	AU$3.04B	8.41	-1.53%	5.05%	16.79%	54.28%
WHLR	52 Neutral	$2.86M	―	8.94%	―	0.14%	99.35%
SRG	50 Neutral	$163.34M	―	-33.95%	―	-36.26%	-38.17%

Alpine Income Property Trust Inc Corporate Events

Alpine Income Property Trust Q2 2025 Financial Results

On July 24, 2025, Alpine Income Property Trust announced its financial results for the second quarter of 2025, highlighting a strategic focus on capital recycling and stock repurchases. The company invested $85.9 million and sold $28.2 million in assets, which improved its portfolio by reducing Walgreens to its fifth largest tenant and extending the average lease term. Despite a net loss, the company reported increased revenues and maintained a high occupancy rate of 98.2%.

The most recent analyst rating on (PINE) stock is a Buy with a $19.75 price target. To see the full list of analyst forecasts on Alpine Income Property Trust Inc stock, see the PINE Stock Forecast page.

Alpine Income Property Trust Holds 2025 Annual Meeting

On May 21, 2025, Alpine Income Property Trust, Inc. held its 2025 Annual Meeting of Stockholders. During the meeting, stockholders elected five directors, approved executive compensation for 2024, decided on an annual frequency for future compensation votes, and ratified Grant Thornton LLP as the accounting firm for 2025. The decision to hold annual advisory votes on executive compensation aligns with both stockholder and board recommendations, potentially impacting the company’s governance and stakeholder engagement strategies.

The most recent analyst rating on (PINE) stock is a Buy with a $18.75 price target. To see the full list of analyst forecasts on Alpine Income Property Trust Inc stock, see the PINE Stock Forecast page.