Alpine Income Property Trust Inc (PINE)
NYSE:PINE
Want to see PINE full AI Analyst Report?
Top Page
Alpine Income Property Trust Inc
(NYSE:PINE)
Select Model
Select Model
Rating:57Neutral
Price Target:
$20.50
▲(3.43% Upside)
Action:ReiteratedDate:04/25/26
The score is held back primarily by weakened financial quality (recent losses, negative free cash flow, and elevated leverage). Offsetting this, technical trends are positive and the latest earnings call was supportive with raised guidance and improving FFO/AFFO, while valuation remains a constraint due to the high P/E despite a solid dividend yield.
Positive Factors
High occupancy and long lease durations
Near-full occupancy and a 9.3-year WALT reduce lease rollover risk and support predictable rental cash flows. Combined with 50% ABR from investment-grade tenants, this durability underpins steady FFO/AFFO and a reliable dividend base over the medium term.
Negative Factors
Elevated leverage
Net leverage around 6.6x and higher debt-to-equity weaken financial flexibility in a rate-sensitive REIT sector. Elevated leverage constrains capital allocation, increases interest burden sensitivity, and can necessitate external financing or asset sales if market conditions tighten.
Read all positive and negative factors
Positive Factors
Negative Factors
High occupancy and long lease durations
Near-full occupancy and a 9.3-year WALT reduce lease rollover risk and support predictable rental cash flows. Combined with 50% ABR from investment-grade tenants, this durability underpins steady FFO/AFFO and a reliable dividend base over the medium term.
Read all positive factors
Alpine Income Property Trust Inc (PINE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$310.66M
Dividend Yield7.01%
Average Volume (3M)135.01K
Price to Earnings (P/E)32.0
Beta (1Y)0.11
Revenue Growth19.95%
EPS Growth-181.87%
CountryUS
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.06
Shares Outstanding16,524,710
10 Day Avg. Volume115,395
30 Day Avg. Volume135,011
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 Cap2.19
Enterprise Value/Revenue10.50
Enterprise Value/Gross Profit-36.99
Enterprise Value/Ebitda15.37
Forecast
1Y Price Target
$21.25Price Target Upside7.21% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)0.38
Revenue Forecast (FY)$73.58M
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
PINE primarily makes money by collecting rental income from tenants leasing its properties. Most of its portfolio is structured as single-tenant net leases (often referred to as “triple-net” leases), where the tenant is generally responsible for p...
Alpine Income Property Trust Inc Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 16, 2026
Earnings Call Sentiment Positive
The call highlights strong operational and financial momentum: 20% YoY FFO/AFFO growth, raised full-year guidance (~12% implied growth), successful equity raises ($36.2M), a high-occupancy, long-duration property portfolio, and a loan portfolio yielding ~13.5% and at the target ~20% allocation. Headwinds are mostly timing and structure-related—loan funding cadence, PIK components, restricted cash for loan reserves, and modest leverage (net debt/EBITDA 6.6x). Management described a robust pipeline and confidence in reinvestment opportunities, positioning the company to capitalize on accretive opportunities while managing short-term funding and timing variability.Positive Updates
Strong Financial Results and Growth in FFO/AFFO
FFO and AFFO were $0.53 per diluted share for the quarter, representing 20% year-over-year growth. Company raised full-year 2026 guidance to FFO $2.09–$2.13 and AFFO $2.11–$2.15 per diluted share, midpoints implying approximately 12% growth.
Negative Updates
Timing and Volatility from Loan Funding and Repayments
Management noted that timing of funding and repayments can cause quarter-to-quarter variability in loan portfolio size and earnings; one near-term loan payoff (referenced around July 2026) could add volatility to earnings.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Financial Results and Growth in FFO/AFFO
FFO and AFFO were $0.53 per diluted share for the quarter, representing 20% year-over-year growth. Company raised full-year 2026 guidance to FFO $2.09–$2.13 and AFFO $2.11–$2.15 per diluted share, midpoints implying approximately 12% growth.
Read all positive updates
Company Guidance
Alpine raised its 2026 guidance, increasing planned investment activity by $100 million to a new deployment range of $170–$200 million and lifting full‑year FFO to $2.09–$2.13 and AFFO to $2.11–$2.15 per diluted share (management said this implies roughly 12% growth at the midpoints). The company noted its loan book has reached its targeted ~20% of total undepreciated assets, ended the quarter with net debt to pro forma adjusted EBITDA of 6.6x and about $90 million of liquidity, and funded recent activity with $36.2 million of ATM equity ($31.6M common, $4.6M preferred). Management also reaffirmed the new quarterly common dividend of $0.30 (a 57% AFFO payout ratio for the quarter).Alpine Income Property Trust Inc Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
48
Neutral
Cash Flow
39
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.73M | 60.53M | 52.23M | 45.64M | 45.19M | 30.13M |
| Gross Profit | -18.38M | -6.61M | 40.19M | 38.76M | 35.93M | 23.27M |
| EBITDA | 44.23M | 40.76M | 39.14M | 38.48M | 66.46M | 30.74M |
| Net Income | 707.00K | -2.66M | 2.07M | 2.92M | 29.72M | 9.96M |
Balance Sheet | ||||||
| Total Assets | 745.13M | 715.87M | 605.00M | 564.56M | 573.43M | 505.51M |
| Cash, Cash Equivalents and Short-Term Investments | 2.62M | 4.59M | 1.58M | 14.98M | 9.02M | 8.85M |
| Total Debt | 367.11M | 394.18M | 309.47M | 282.04M | 273.82M | 273.22M |
| Total Liabilities | 411.46M | 414.62M | 328.50M | 288.95M | 278.06M | 277.61M |
| Stockholders Equity | 312.46M | 279.88M | 253.03M | 250.74M | 261.62M | 196.52M |
Cash Flow | ||||||
| Free Cash Flow | -46.39M | -82.80M | 25.61M | -58.89M | -164.50M | 17.20M |
| Operating Cash Flow | 22.17M | 25.75M | 25.61M | 25.57M | 24.65M | 17.20M |
| Investing Cash Flow | -79.00M | -103.86M | -57.84M | -13.58M | -38.78M | -195.99M |
| Financing Cash Flow | 72.31M | 109.16M | 26.46M | -11.30M | 17.67M | 186.40M |
Alpine Income Property Trust Inc Technical Analysis
Positive
19.82
Price Trends
19.06
Positive
17.95
Positive
15.98
Positive
Market Momentum
0.24
Negative
68.17
Neutral
93.92
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 19.82 is above the 20-day moving average (MA) of 18.69, above the 50-day MA of 19.06, and above the 200-day MA of 15.98, indicating a bullish trend. The MACD of 0.24 indicates Negative momentum. The RSI at 68.17 is Neutral, neither overbought nor oversold. The STOCH value of 93.92 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 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% | |
63 Neutral | $843.39M | 20.34 | 11.77% | 7.89% | 8.10% | -33.61% | |
63 Neutral | $1.39B | 8.26 | 41.49% | 6.79% | 12.18% | 133.31% | |
62 Neutral | $288.09M | 1.89 | 43.13% | ― | -66.09% | -65.81% | |
57 Neutral | $310.66M | 32.01 | -0.16% | 7.01% | 19.95% | -181.87% | |
45 Neutral | $1.09M | 1.86 | 20.26% | ― | -4.52% | 99.66% | |
42 Neutral | $145.32M | -2.68 | -19.47% | ― | 3.54% | 53.89% |
* Real Estate Sector Average
PINE
Alpine Income Property Trust Inc
19.25
4.83
33.48%
SITC
SITE Centers
5.56
-0.36
-6.11%
BFS
Saul Centers
34.42
3.34
10.74%
WHLR
Wheeler Real Estate Investment
1.96
-772.94
-99.75%
SRG
Seritage
2.70
-0.33
-10.89%
CBL
CBL & Associates Properties
43.50
20.40
88.33%
Alpine Income Property Trust Inc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Alpine Expands At-The-Market Preferred and Common Offerings
Positive
Apr 24, 2026
On April 24, 2026, Alpine Income Property Trust expanded its at-the-market preferred stock offering program by adding Cantor Fitzgerald Co. and Huntington Securities as additional sales agents, while amending existing equity distribution agreemen...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Alpine Income Property Trust Boosts 2026 Outlook on Growth
Positive
Apr 23, 2026
On April 23, 2026, Alpine Income Property Trust reported first-quarter 2026 results showing a sharp improvement in profitability, with revenue rising to $18.4 million from $14.2 million a year earlier and net income of $2.2 million versus a loss i...
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...
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.