Alpine Income Property Trust Inc (PINE)
NYSE:PINE
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Alpine Income Property Trust Inc
(NYSE:PINE)
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Rating:65Neutral
Price Target:
$20.00
▲(8.75% Upside)
Action:ReiteratedDate:02/06/26
The score is driven primarily by mixed financial performance (revenue and operating cash flow strength but a recent net loss and volatile free cash flow), partially offset by constructive technical momentum and a favorable dividend yield. Earnings call commentary is supportive due to AFFO/FFO growth and 2026 guidance, but tempered by slower expected deployment and loan concentration/variability risks.
Positive Factors
High-quality portfolio & occupancy
A large, well-leased portfolio with long WALT and near-full occupancy materially reduces cash-flow rollover risk and vacancy-driven revenue swings. High exposure to investment-grade tenants stabilizes rent collection and underpins predictable rental income and long-term dividend coverage.
Negative Factors
Net loss and earnings volatility
A full-year net loss and uneven margins indicate earnings quality risks: recurring operating cash can mask GAAP volatility, but persistent negative net income or swings make long-term dividend coverage and return on equity less predictable, raising the bar for sustained payout and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
High-quality portfolio & occupancy
A large, well-leased portfolio with long WALT and near-full occupancy materially reduces cash-flow rollover risk and vacancy-driven revenue swings. High exposure to investment-grade tenants stabilizes rent collection and underpins predictable rental income and long-term dividend coverage.
Read all positive factors
Alpine Income Property Trust Inc (PINE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$277.48M
Dividend Yield7.01%
Average Volume (3M)188.76K
Price to Earnings (P/E)40.7
Beta (1Y)0.08
Revenue Growth14.81%
EPS Growth-245.25%
CountryUS
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.06
Shares Outstanding15,088,574
10 Day Avg. Volume115,296
30 Day Avg. Volume188,762
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)0.86
Price to Sales (P/S)3.96
P/FCF Ratio-2.89
Enterprise Value/Market Cap2.42
Enterprise Value/Revenue11.10
Enterprise Value/Gross Profit-101.63
Enterprise Value/Ebitda16.48
Forecast
1Y Price Target
$20.75Price Target Upside12.83% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.37
Revenue Forecast (FY)$70.50M
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 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 predi...
Alpine Income Property Trust Inc Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call emphasized multiple clear operational and financial achievements: record annual investment activity, strong AFFO/FFO growth, rapid expansion of a high-yield commercial loan platform, improved liquidity and a refreshed debt package, and a dividend increase. The company also signaled a more conservative deployment cadence for 2026, disclosed some one-time items affecting Q4 comparability, and continues to manage concentration and remaining noncore tenant exposure. Overall, positives (record investments, double-digit loan yields, improved leverage and liquidity, strong occupancy and AFFO growth) notably outweigh the cautions around 2026 pacing, one-time Q4 items, and loan concentration management.Positive Updates
Strong AFFO and FFO Growth
Q4 FFO and AFFO per diluted common share were $0.54, a 22.7% increase vs. prior-year quarter; full-year FFO and AFFO were $1.88 and $1.89 per diluted share, representing ~8.6% growth year-over-year.
Negative Updates
2026 Investment/Disposition Guidance Decline vs. 2025
2026 guidance assumes $70M–$100M of investment volume and $30M–$60M of dispositions, materially lower than 2025's $277.7M of completed investments, reflecting a conservative cadence and/or more cautious deployment expectations.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong AFFO and FFO Growth
Q4 FFO and AFFO per diluted common share were $0.54, a 22.7% increase vs. prior-year quarter; full-year FFO and AFFO were $1.88 and $1.89 per diluted share, representing ~8.6% growth year-over-year.
Read all positive updates
Company Guidance
Alpine's 2026 guidance calls for FFO of $2.07–$2.11 and AFFO of $2.09–$2.13 per diluted common share, based on planned investment volume of $70–$100 million and disposition volume of $30–$60 million (with dispositions expected to close earlier than acquisitions); the company reiterated a target commercial loan allocation of ~20% of total undepreciated assets (roughly $155–$160M on year‑end $770M assets), noting year‑end loan holdings of ~$129.8M and a remaining runway of about $25–$30M. Management cautioned that fees from third‑party asset sales ($221k in Q4, $525k for FY2025) will not be a meaningful revenue source in 2026, confirmed the board raised the quarterly common dividend 5.3% to $0.30 (implying a ~56% AFFO payout ratio on Q4 2025 AFFO), and said recent capital actions (Series A preferred $50M offering with ~$48.1M net, $18.3M raised via ATMs), liquidity of ~$65.8M (cash $25.3M + revolver $40.6M) with total potential liquidity ~$97.3M, and net debt / pro forma adjusted EBITDA of 6.7x support the outlook.Alpine Income Property Trust Inc Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
48
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 60.53M | 52.23M | 45.64M | 45.19M | 30.13M |
| Gross Profit | -6.61M | 40.19M | 38.76M | 35.93M | 23.27M |
| EBITDA | 40.76M | 39.14M | 38.48M | 66.46M | 30.74M |
| Net Income | -2.66M | 2.07M | 2.92M | 29.72M | 9.96M |
Balance Sheet | |||||
| Total Assets | 715.87M | 605.00M | 564.56M | 573.43M | 505.51M |
| Cash, Cash Equivalents and Short-Term Investments | 4.59M | 1.58M | 14.98M | 9.02M | 8.85M |
| Total Debt | 394.18M | 309.47M | 282.04M | 273.82M | 273.22M |
| Total Liabilities | 414.62M | 328.50M | 288.95M | 278.06M | 277.61M |
| Stockholders Equity | 279.88M | 253.03M | 250.74M | 261.62M | 196.52M |
Cash Flow | |||||
| Free Cash Flow | -82.80M | 25.61M | -58.89M | -164.50M | 17.20M |
| Operating Cash Flow | 25.75M | 25.61M | 25.57M | 24.65M | 17.20M |
| Investing Cash Flow | -103.86M | -57.84M | -13.58M | -38.78M | -195.99M |
| Financing Cash Flow | 109.16M | 26.46M | -11.30M | 17.67M | 186.40M |
Alpine Income Property Trust Inc Technical Analysis
Positive
18.39
Price Trends
18.78
Negative
17.70
Positive
15.80
Positive
Market Momentum
-0.13
Negative
53.84
Neutral
74.83
Neutral
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 18.39 is below the 20-day moving average (MA) of 18.47, below the 50-day MA of 18.78, and above the 200-day MA of 15.80, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 53.84 is Neutral, neither overbought nor oversold. The STOCH value of 74.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $277.48M | 40.66 | -1.09% | 7.01% | 14.81% | -245.25% | |
63 Neutral | $826.98M | 20.34 | 11.77% | 7.89% | 5.75% | -37.69% | |
63 Neutral | $1.29B | 8.26 | 41.49% | 6.79% | 5.74% | 294.33% | |
62 Neutral | $284.35M | 1.89 | 43.13% | ― | -69.63% | -95.99% | |
43 Neutral | $1.19M | 0.62 | 20.26% | ― | -1.01% | 504.95% | |
42 Neutral | $146.44M | -2.68 | -20.20% | ― | -17.76% | 44.68% |
* Real Estate Sector Average
PINE
Alpine Income Property Trust Inc
18.71
4.16
28.57%
SITC
SITE Centers
5.42
-0.34
-5.95%
BFS
Saul Centers
33.76
2.59
8.30%
WHLR
Wheeler Real Estate Investment
0.83
-496.87
-99.83%
SRG
Seritage
2.60
-0.18
-6.47%
CBL
CBL & Associates Properties
41.66
19.01
83.97%
Alpine Income Property Trust Inc Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Alpine Income Property Trust Posts Strong Q4 2025 Results
Positive
Feb 5, 2026
On February 5, 2026, Alpine Income Property Trust reported its operating and financial results for the fourth quarter and full year ended December 31, 2025, highlighting record annual investment activity of $277.7 million and dispositions of $82.8...
Business Operations and StrategyPrivate Placements and Financing
Alpine Income Property Trust Expands Preferred Stock Offering
Neutral
Dec 5, 2025
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 companyR...
Business Operations and StrategyPrivate Placements and Financing
Alpine Income Property Trust Announces Preferred Stock Offering
Positive
Nov 10, 2025
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 m...
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.