Alpine Income Property Trust Inc (PINE) AI Stock Analysis

• Market Cap: $217.28M
• Dividend Yield: 7.38%
• Average Volume (3M): 83.43K
• Price to Earnings (P/E): 165.3
• Beta (1Y): 0.31
• Revenue Growth: 14.71%
• EPS Growth: N/A
• Country: US
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 81
• Industry: REIT - Retail
• EPS (TTM): -0.08
• Shares Outstanding: 14,266,722
• 10 Day Avg. Volume: 76,145
• 30 Day Avg. Volume: 83,431
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 2.90
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 15.69
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $18.58
• Price Target Upside: 22.40% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

Alpine Income Property Trust Inc showcases strong revenue growth and effective cost management, but challenges like declining profitability and inconsistent cash flow indicate potential risks. Technically, the stock faces bearish sentiment with an overvalued P/E ratio, but its high dividend yield remains attractive. The earnings call offered a mixed picture with growth and strategic management offset by leverage concerns. Overall, the stock presents a balanced risk-reward scenario, warranting cautious optimism.

Positive Factors

Asset Reallocation Strategy

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

Dividend Increase

The company increased the quarterly dividend 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 Valuation

The company shares are trading relatively attractive compared to the other triple net lease REITs with one of the lowest multiples 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 (PINE) is a real estate investment trust focused on owning and acquiring high-quality, single-tenant retail and office properties across the United States. The company primarily invests in properties leased to tenants with strong credit profiles, providing reliable income streams. PINE aims to deliver consistent returns to its shareholders through strategic asset management and property acquisitions.

How the Company Makes Money

Alpine Income Property Trust Inc (PINE) generates revenue primarily through the leasing of its portfolio of single-tenant retail and office properties. The company enters into long-term lease agreements with tenants, often with contractual rent increases that enhance revenue stability and growth. PINE focuses on properties occupied by credit-worthy tenants, ensuring consistent rental income. Additionally, the company may engage in strategic property sales or acquisitions to optimize its portfolio, potentially providing capital gains. Factors like tenant credit quality, lease duration, and property location significantly influence PINE's revenue generation strategy.

Alpine Income Property Trust Inc Financial Statement Overview

Summary

Alpine Income Property Trust Inc exhibits 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. Continued focus on maintaining profitability and consistent cash flow will be crucial for sustaining long-term growth and stability.

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
	EBIT
14.02M	13.14M	10.42M	5.49M	2.61M
	EBITDA
39.61M	38.48M	33.98M	30.74M	12.27M
	Net Income Common Stockholders
2.07M	2.92M	20.18M	6.26M	-479.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.58M	14.98M	9.02M	8.85M	1.89M
	Total Assets
605.00M	564.56M	573.43M	505.51M	261.59M
	Total Debt
309.47M	282.04M	272.17M	273.22M	109.46M
	Net Debt
307.89M	278.02M	263.15M	264.37M	107.56M
	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: Negative
• Last Price: 15.18
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 15.18 is below the 20-day moving average (MA) of 15.73, below the 50-day MA of 16.01, and below the 200-day MA of 16.66, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 38.42 is Neutral, neither overbought nor oversold. The STOCH value of 22.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
NTST	71 Outperform	$1.32B	―	-0.88%	5.17%	21.91%	-257.05%
BFS	63 Neutral	$797.90M	20.17	13.86%	7.14%	5.00%	-14.72%
CBL	60 Neutral	$744.31M	11.24	21.87%	6.56%	0.03%	1997.67%
Sector *	60 Neutral	$2.81B	11.04	0.20%	8508.34%	6.12%	-16.66%
PINE	59 Neutral	$217.28M	165.26	0.47%	7.38%	14.71%	―
WHLR	49 Neutral	$1.01M	―	4.42%	―	1.47%	99.15%
SRG	43 Neutral	$166.72M	―	-31.77%	―	-14.70%	1.10%

Alpine Income Property Trust Inc Corporate Events

Alpine Income Property Trust Q1 2025 Financial Results

On April 24, 2025, Alpine Income Property Trust reported its financial results for the first quarter of 2025, ending March 31. The company closed investments totaling $79.2 million with a weighted average initial cash yield of 9.0% and increased its dividend for the quarter. Despite a net loss of $0.08 per diluted share, the company reported funds from operations (FFO) and adjusted funds from operations (AFFO) of $0.44 per diluted share. The company continues to focus on sourcing attractive investments and recycling capital to strengthen its portfolio, which includes 134 properties across 35 states with a high occupancy rate of 98.6%.

Spark’s Take on PINE Stock

According to Spark, TipRanks’ AI Analyst, PINE is a Neutral.

Alpine Income Property Trust Inc shows strong revenue and AFFO growth with stable dividends, supporting a solid investment case. However, concerns over high valuation and efficiency issues in profitability and cash conversion limit the upside potential. Technical analysis indicates stability without clear direction, while strategic investments and earnings call guidance provide a positive outlook despite some operational challenges.

To see Spark’s full report on PINE stock, click here.