Alpine Income Property Trust Inc (PINE) AI Stock Analysis

• Market Cap: $233.43M
• Dividend Yield: 6.92%
• Average Volume (3M): 193.67K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.03
• Revenue Growth: 14.81%
• EPS Growth: -245.25%
• Country: US
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Retail
• EPS (TTM): -0.09
• Shares Outstanding: 14,164,662
• 10 Day Avg. Volume: 286,681
• 30 Day Avg. Volume: 193,674
• PEG Ratio: -3.94
• Price to Book (P/B): 0.92
• Price to Sales (P/S): 4.46
• P/FCF Ratio: 9.09
• Enterprise Value/Market Cap: 2.49
• Enterprise Value/Revenue: 10.12
• Enterprise Value/Gross Profit: 12.36
• Enterprise Value/Ebitda: 15.11
• 1Y Price Target: $17.63
• Price Target Upside: 6.98% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): -0.21
• Revenue Forecast (FY): $58.87M

• Rating: 59 Neutral
• Price Target: $18.00 ▲(9.22% Upside)

Alpine Income Property Trust Inc's overall stock score reflects a mix of strengths and challenges. The most significant factor is the financial performance, which is hindered by high leverage and negative net income. Technical analysis shows bullish momentum, but overbought conditions suggest caution. Valuation is mixed with a negative P/E but a high dividend yield. The earnings call and corporate events provide positive strategic insights, but financial health remains a concern.

Positive Factors

High Occupancy Rate

A high occupancy rate of 99.4% ensures stable rental income and reflects strong demand for PINE's properties, supporting long-term revenue stability.

Investment-Grade Tenants

Having a significant portion of rent from investment-grade tenants reduces credit risk and enhances the reliability of cash flows, strengthening financial stability.

AFFO Growth

Growth in AFFO per share indicates improved earnings performance, enhancing the company's ability to sustain and potentially increase dividends.

Negative Factors

High Leverage

High leverage limits financial flexibility and increases risk, especially if earnings do not improve, potentially impacting long-term financial health.

Negative Net Income

Negative net income indicates profitability challenges, which can hinder reinvestment in growth opportunities and affect shareholder returns.

Decline in Free Cash Flow

A significant decline in free cash flow growth raises concerns about liquidity and the ability to fund operations and investments without additional financing.

Alpine Income Property Trust Inc Business Overview & Revenue Model

Company Description

Alpine Income Property Trust Inc (PINE) is a real estate investment trust (REIT) focused on acquiring and managing a diversified portfolio of high-quality, single-tenant retail and commercial properties leased to tenants across the United States. The company primarily invests in properties that are net leased to established retailers and service providers, ensuring steady cash flows and long-term value appreciation. PINE aims to deliver attractive risk-adjusted returns to its shareholders through disciplined investment strategies and effective property management.

How the Company Makes Money

Alpine Income Property Trust Inc generates revenue primarily through rental income from its portfolio of net-leased properties. The company leases its properties to a variety of tenants under long-term agreements, which provides a stable and predictable cash flow. Key revenue streams include base rent collected from tenants, as well as any additional income from percentage rents or common area maintenance charges. PINE's emphasis on acquiring properties leased to creditworthy tenants minimizes risk and enhances sustainability of its income. The company's revenue model is further bolstered by its strategic focus on locations with strong demographic trends and favorable market conditions. Additionally, partnerships with property management firms and real estate brokers aid in property acquisition and management, contributing to its overall earnings potential.

Alpine Income Property Trust Inc Financial Statement Overview

Summary

Alpine Income Property Trust Inc faces challenges in profitability and cash flow management, despite strong gross margins and reasonable asset structure. High leverage and negative net income are key concerns that need addressing to improve financial health and shareholder returns. The company should focus on enhancing revenue growth and managing debt levels to achieve better financial stability.

Income Statement

Alpine Income Property Trust Inc shows a mixed performance in its income statement. The company has a strong gross profit margin of 83.71% TTM, indicating efficient cost management. However, the net profit margin is negative at -8.86% TTM, reflecting challenges in achieving profitability. Revenue growth is modest at 1.92% TTM, suggesting limited expansion. The EBIT margin is healthy at 22.99% TTM, but the negative net income highlights underlying profitability issues.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.63 TTM, indicating significant leverage and potential risk if earnings do not improve. The return on equity is negative at -2.15% TTM, reflecting poor returns for shareholders. However, the equity ratio is reasonable, suggesting a balanced asset structure. The company needs to manage its debt levels to improve financial stability.

Cash Flow

Cash flow analysis shows a concerning decline in free cash flow growth at -96.35% TTM, indicating potential liquidity issues. The operating cash flow to net income ratio is strong at 5.31 TTM, suggesting good cash generation relative to net income. However, the free cash flow to net income ratio is low at 0.02 TTM, highlighting challenges in converting earnings into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	57.42M	52.23M	45.64M	45.19M	30.13M	19.25M
Gross Profit	46.99M	40.19M	38.76M	35.93M	23.27M	16.93M
EBITDA	38.44M	39.14M	38.48M	66.46M	30.74M	12.16M
Net Income	-5.09M	2.07M	2.92M	29.72M	9.96M	985.00K
Balance Sheet
Total Assets	621.42M	605.00M	564.56M	573.43M	505.51M	262.24M
Cash, Cash Equivalents and Short-Term Investments	1.18M	1.58M	14.98M	9.02M	8.85M	1.89M
Total Debt	365.10M	309.47M	282.04M	273.82M	273.22M	110.11M
Total Liabilities	376.21M	328.50M	288.95M	278.06M	277.61M	113.15M
Stockholders Equity	223.53M	253.03M	250.74M	261.62M	196.52M	126.76M
Cash Flow
Free Cash Flow	-51.39M	25.61M	-58.89M	-164.50M	17.20M	9.39M
Operating Cash Flow	28.14M	25.61M	25.57M	24.65M	17.20M	9.39M
Investing Cash Flow	-109.55M	-57.84M	-13.58M	-38.78M	-195.99M	-113.88M
Financing Cash Flow	59.99M	26.46M	-11.30M	17.67M	186.40M	94.03M

Alpine Income Property Trust Inc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 16.48 is below the 20-day moving average (MA) of 16.96, above the 50-day MA of 15.53, and above the 200-day MA of 14.75, indicating a neutral trend. The MACD of 0.30 indicates Positive momentum. The RSI at 49.22 is Neutral, neither overbought nor oversold. The STOCH value of 13.20 is Positive, 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	73 Outperform	$1.14B	9.38	37.88%	6.74%	5.74%	294.33%
BFS	68 Neutral	$766.30M	27.26	11.88%	7.89%	5.75%	-37.69%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PINE	59 Neutral	$233.43M	-46.42	-2.16%	6.92%	14.81%	-245.25%
SITC	55 Neutral	$329.99M	11.40	2.46%	―	-69.63%	-95.99%
WHLR	49 Neutral	$4.28M	―	116.25%	―	-1.01%	504.95%
SRG	46 Neutral	$190.38M	―	-19.72%	―	-17.76%	44.68%

Alpine Income Property Trust Inc Corporate Events

Alpine Income Property Trust Expands Preferred Stock Offering

On December 5, 2025, Alpine Income Property Trust Inc. filed Articles Supplementary to classify and designate additional shares of Series A Preferred Stock, increasing the total authorized shares to 3,758,334. This move aligns with the company’s strategic financial maneuvers to enhance its capital structure. Concurrently, the company entered into equity distribution agreements with multiple sales agents to issue and sell Series A Preferred Stock worth up to $35 million. This offering is structured as ‘at the market’ transactions, potentially impacting the company’s market presence and shareholder value.

Alpine Income Property Trust Announces Preferred Stock Offering

On November 5, 2025, Alpine Income Property Trust Inc announced an offering of 2,000,000 shares of its 8.00% Series A Cumulative Redeemable Preferred Stock at $25.00 per share, with an additional option for underwriters to purchase up to 300,000 more shares. The company plans to use the net proceeds from this offering to acquire preferred units in its operating partnership, mirroring the terms of the preferred stock. Additionally, the management fee for the incremental equity base from this issuance will be partially waived, reducing the fee from 1.50% to 0.75% per annum. This strategic financial move aims to strengthen the company’s capital structure and enhance its market positioning by offering attractive returns to investors while maintaining its REIT status.

Alpine Income Property Trust Q3 2025 Financial Results

On October 23, 2025, Alpine Income Property Trust reported its financial results for the third quarter of 2025, highlighting strong operational results and increased investment activity. The company raised its full-year 2025 outlook and increased its investment guidance to $200 – $230 million. Despite a net loss for the quarter, Alpine Income Property Trust achieved significant year-to-date investments totaling $136 million with a weighted-average initial cash yield of 8.9%. The company continues to recycle properties to manage tenant credit, with 48% of its annual base rent derived from investment grade rated tenants.