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Alpine Income Property Trust Inc (PINE)
NYSE:PINE
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Alpine Income Property Trust Inc
(NYSE:PINE)
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Select Model
Rating:60Neutral
Price Target:
$15.50
▲(10.01% Upside)
Alpine Income Property Trust Inc's overall stock score reflects a mix of strengths and challenges. Strong cash flow and operational efficiency are positive factors, but high leverage and profitability issues weigh on the score. The earnings call sentiment is positive, but valuation concerns due to negative earnings impact the overall assessment.
Positive Factors
High Occupancy Rate
A high occupancy rate of 98.2% indicates strong tenant retention and demand, ensuring stable rental income and reducing vacancy risks, which is crucial for long-term revenue stability.
Investment in Quality Tenants
Having 51% of rent from investment-grade tenants like DICK's Sporting Goods and Lowe's enhances revenue reliability and reduces credit risk, supporting long-term financial stability.
Cash Flow Generation
Strong cash flow growth at 250.9% indicates effective cash management and operational efficiency, providing financial flexibility for reinvestment and debt servicing.
Negative Factors
High Leverage
A high leverage ratio of 8.1x could limit financial flexibility and increase risk during economic downturns, potentially impacting long-term financial health.
Profitability Challenges
Negative net profit margins indicate profitability issues, which could hinder reinvestment and growth, affecting long-term financial sustainability.
Noncash Impairment Charges
Impairment charges of $2.8 million reflect asset devaluation, which can impact financial statements and reduce asset quality, affecting long-term value.
Alpine Income Property Trust Inc (PINE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$202.46M
Dividend Yield8.06%
Average Volume (3M)69.69K
Price to Earnings (P/E)157.5
Beta (1Y)0.19
Revenue Growth17.14%
EPS Growth3.27%
CountryUS
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)-0.12
Shares Outstanding14,158,190
10 Day Avg. Volume69,833
30 Day Avg. Volume69,688
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap2.86
Enterprise Value/Revenue10.28
Enterprise Value/Gross Profit12.59
Enterprise Value/Ebitda13.74
Forecast
1Y Price Target
$17.81Price Target Upside26.40% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
Alpine Income Property Trust Inc Business Overview & Revenue Model
Company DescriptionAlpine 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 MoneyAlpine Income Property Trust generates revenue primarily through rental income derived from its properties. The company leases its properties to tenants under long-term net leases, where tenants are responsible for most property-related expenses such as taxes, insurance, and maintenance. This structure allows PINE to benefit from stable, predictable cash flows while minimizing operational costs. Additionally, PINE may engage in property acquisitions, dispositions, and development projects to enhance its portfolio and generate capital gains. The company's revenue is further bolstered by strategic partnerships with high-quality retailers and service providers, which contribute to tenant stability and long-term lease agreements, ultimately supporting its earnings growth.
Alpine Income Property Trust Inc Earnings Call Summary
Earnings Call Date:Jul 24, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 23, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a generally positive sentiment with strong financial performance, strategic portfolio management, and high occupancy rates. However, there are concerns about noncash impairments, bankruptcy of a tenant, and high leverage, which present challenges moving forward.Q2-2025 Updates
Positive Updates
FFO and AFFO Growth
FFO per share grew by 2.3% in the quarter and 4.8% year-to-date compared to the same period last year. AFFO also showed growth, with year-to-date figures up by 3.5%.
High Occupancy Rate
The portfolio is 98.2% occupied, highlighting strong tenant retention and demand for properties.
Investment in Quality Tenants
51% of the portfolio's annual base rent comes from investment-grade rated tenants, with top tenants including DICK's Sporting Goods and Lowe's.
Successful Portfolio Management
Reduced Walgreens exposure from the largest tenant concentration to the fifth largest and achieved an average price of $15.81 per repurchased share.
Bass Pro Shops Lease Amendments
Bass Pro Shops completed a full renovation and extended the lease term to a new 20-year initial lease term, increasing annual rent by almost $0.5 million.
Negative Updates
Noncash Impairment Charges
Recorded $2.8 million in noncash impairment charges related to two vacant properties, a theater in Reno and a former Party City in Long Island.
At Home Bankruptcy
At Home filed for bankruptcy in June, though the properties leased to At Home paid rent in July and were not initially slated for closure.
Leverage Concerns
Net debt to pro forma adjusted EBITDA was 8.1x, which may be considered high by some analysts.
Interest Income Reduction
A $25.5 million construction loan was fully repaid, reducing interest income as the capital is yet to be redeployed.
Company Guidance
During the Alpine Q2 2025 earnings call, the company provided various metrics and guidance updates. They reported a 2.3% growth in FFO per share for the quarter and a 4.8% increase year-to-date, driven by prior investment activity. The company did not complete any new property acquisitions in Q2, following a busy Q1 with $39.7 million in acquisitions at an 8.6% yield. However, they sold five net lease properties for $16.5 million, reducing Walgreens' exposure by 100 basis points to 7% of ABR. As of quarter-end, Alpine's portfolio had 129 properties across 34 states with a 98.2% occupancy rate. The company reaffirmed its FFO and AFFO guidance range of $1.74 to $1.77 per share for 2025, increasing their investment volume guidance by $30 million to a range of $100 million to $130 million for the year. They also reported a net debt to pro forma adjusted EBITDA ratio of 8.1x and $57 million in liquidity.Alpine Income Property Trust Inc Financial Statement Overview
Summary
Alpine Income Property Trust Inc demonstrates solid revenue growth and operational efficiency, but faces profitability challenges and high leverage. The strong cash flow performance is a positive indicator, but the negative net income and high debt levels present potential risks.Income Statement
Alpine Income Property Trust Inc shows a stable revenue growth trend with a 4.4% increase in TTM. However, the net profit margin has turned negative, indicating profitability challenges. The gross profit margin remains strong at 81.6%, and EBIT and EBITDA margins are healthy, suggesting operational efficiency.65
Positive
Balance Sheet
The company has a high debt-to-equity ratio of 1.57, indicating significant leverage, which could pose financial risks. The return on equity is negative, reflecting recent net losses. However, the equity ratio is reasonable, suggesting a balanced asset structure.58
Neutral
Cash Flow
The cash flow statement shows a robust free cash flow growth rate of 250.9% in TTM, indicating strong cash generation capabilities. The operating cash flow to net income ratio is high, reflecting efficient cash conversion, although the free cash flow to net income ratio suggests some volatility.72
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.34M | 52.23M | 45.64M | 45.20M | 30.13M | 19.25M |
| Gross Profit | 45.98M | 40.19M | 38.76M | 39.77M | 26.45M | 16.93M |
| EBITDA | 42.15M | 37.86M | 38.48M | 33.98M | 21.43M | 12.16M |
| Net Income | -698.00K | 2.07M | 2.92M | 29.72M | 9.96M | 985.00K |
Balance Sheet | ||||||
| Total Assets | 628.45M | 605.00M | 564.56M | 573.43M | 505.51M | 261.59M |
| Cash, Cash Equivalents and Short-Term Investments | 5.00M | 1.58M | 14.98M | 9.02M | 8.85M | 1.89M |
| Total Debt | 359.83M | 309.47M | 282.04M | 273.82M | 273.22M | 110.11M |
| Total Liabilities | 376.36M | 328.50M | 288.95M | 278.06M | 277.61M | 112.50M |
| Stockholders Equity | 229.84M | 253.03M | 250.74M | 261.62M | 196.52M | 126.76M |
Cash Flow | ||||||
| Free Cash Flow | 18.77M | 25.61M | 25.64M | -164.50M | 17.20M | 9.39M |
| Operating Cash Flow | 25.70M | 25.61M | 25.64M | 24.65M | 17.20M | 9.39M |
| Investing Cash Flow | -96.12M | -57.84M | -13.58M | -38.78M | -195.99M | -113.88M |
| Financing Cash Flow | 76.16M | 26.46M | -11.38M | 17.67M | 186.40M | 94.03M |
Alpine Income Property Trust Inc Technical Analysis
Negative
14.09
Price Trends
14.43
Negative
14.50
Negative
15.09
Negative
Market Momentum
-0.08
Positive
36.85
Neutral
13.38
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PINE, the sentiment is Negative. The current price of 14.09 is below the 20-day moving average (MA) of 14.71, below the 50-day MA of 14.43, and below the 200-day MA of 15.09, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 36.85 is Neutral, neither overbought nor oversold. The STOCH value of 13.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PINE.
Alpine Income Property Trust Inc Risk Analysis
Alpine Income Property Trust Inc disclosed 101 risk factors in its most recent earnings report. Alpine Income Property Trust Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alpine Income Property Trust Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | 927.38M | 14.34 | 18.23% | 9.51% | 2.20% | 128.61% | |
66 Neutral | 1.69B | -242.55 | -0.44% | 4.72% | 21.31% | -199.59% | |
65 Neutral | 772.67M | 24.06 | 13.37% | 7.45% | 5.17% | -25.96% | |
60 Neutral | $202.46M | 157.55 | -0.29% | 8.06% | 17.14% | 3.27% | |
52 Neutral | 6.26M | ― | -16.16% | ― | 0.14% | 99.35% | |
51 Neutral | 229.80M | -2.55 | -23.92% | ― | -30.14% | 27.34% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
Performance Comparison
PINE
Alpine Income Property Trust Inc
14.09
-2.91
-17.12%
BFS
Saul Centers
31.95
-6.47
-16.84%
WHLR
Wheeler Real Estate Investment
6.95
-12,607.05
-99.94%
SRG
Seritage
4.08
-0.56
-12.07%
NTST
NETSTREIT
17.90
2.25
14.38%
CBL
CBL & Associates Properties
29.96
6.80
29.36%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.