(PINE) Alpine Income Property - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US02083X1037

Stock: Income Properties, Commercial Loans, Net Leases

Total Rating 35

Risk 32

Buy Signal 0.07

REIT - Retail » Diversified REITs
Age: 6.2y

Market Cap: 275m
Avg Trading Vol: 2.45M USD

ATR: 2.46%
Peers RS (IBD): 89.66

EPS (Earnings per Share)

EPS CAGR: -7.20%
EPS Trend: -68.8%

Last SUE: -0.46
Qual. Beats: 0

Revenue

Rev. CAGR: 12.16%
Rev. Trend: 94.2%

Last SUE: -0.21
Qual. Beats: 0

Dividends

Dividend Yield	7.31%
Yield on Cost 5y	9.19%
Yield CAGR 5y	2.95%
Payout Consistency	100.0%
Payout Ratio	-

Risk 5d forecast
Volatility	33.5%
Relative Tail Risk	-7.66%

Reward TTM
Sharpe Ratio	0.84
Alpha	14.67

Character TTM
Beta	0.263
Beta Downside	0.173

Drawdowns 3y
Max DD	26.00%
CAGR/Max DD	0.22

Description: PINE Alpine Income Property December 31, 2025

Alpine Income Property Trust, Inc. (NYSE:PINE) is a REIT that owns and operates 128 net-lease commercial properties across 34 U.S. states, primarily under long-term triple-net leases that shift most operating expenses to tenants.

Key portfolio characteristics as of year-end 2024 include an average lease term of 9.2 years, a weighted-average tenant credit rating of A-, and an occupancy rate of 96.5 %. The Trust also holds a modest commercial-loan segment, with $210 million in secured loans representing roughly 7 % of total assets.

Sector drivers that materially affect PINE’s performance are the continued demand for single-tenant net-lease space from credit-worthy tenants, a low-interest-rate environment that supports high-yield REITs, and inflation-linked lease escalations that help preserve real-value cash flow.

For a deeper dive into PINE’s valuation metrics and scenario analysis, you may find ValueRay’s research tools useful.

Piotroski VR‑10 (Strict, 0-10) 2.0

Net Income: -5.09m TTM > 0 and > 6% of Revenue
FCF/TA: -0.08 > 0.02 and ΔFCF/TA -11.23 > 1.0
NWC/Revenue: 193.5% < 20% (prev -11.04%; Δ 204.6% < -1%)
CFO/TA 0.05 > 3% & CFO 28.1m > Net Income -5.09m
Net Debt (363.9m) to EBITDA (38.4m): 9.47 < 3
Current Ratio: 12.40 > 1.5 & < 3
Outstanding Shares: last quarter (15.4m) vs 12m ago 2.77% < -2%
Gross Margin: 81.83% > 18% (prev 0.82%; Δ 8100 % > 0.5%)
Asset Turnover: 9.57% > 50% (prev 8.64%; Δ 0.93% > 0%)
Interest Coverage Ratio: 0.82 > 6 (EBITDA TTM 38.4m / Interest Expense TTM 13.8m)

Altman Z'' 0.96

A: 0.18 (Total Current Assets 120.9m - Total Current Liabilities 9.75m) / Total Assets 621.4m
B: -0.05 (Retained Earnings -32.1m / Total Assets 621.4m)
C: 0.02 (EBIT TTM 11.3m / Avg Total Assets 600.2m)
D: -0.16 (Book Value of Equity -61.7m / Total Liabilities 376.2m)
Altman-Z'' Score: 0.96 = BB

Beneish M 1.00

DSRI: 39.22 (Receivables 104.3m/2.32m, Revenue 57.4m/50.0m)
GMI: 1.01 (GM 81.83% / 82.47%)
AQI: 0.81 (AQ_t 0.80 / AQ_t-1 0.99)
SGI: 1.15 (Revenue 57.4m / 50.0m)
TATA: -0.05 (NI -5.09m - CFO 28.1m) / TA 621.4m)
Beneish M-Score: 28.38 (Cap -4..+1) = D

What is the price of PINE shares?

As of February 07, 2026, the stock is trading at USD 19.64 with a total of 315,430 shares traded.
Over the past week, the price has changed by +11.46%, over one month by +16.28%, over three months by +32.92% and over the past year by +22.66%.

Is PINE a buy, sell or hold?

Alpine Income Property has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy PINE.

StrongBuy: 8
Buy: 2
Hold: 2
Sell: 0
StrongSell: 0

What are the forecasts/targets for the PINE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	18.2	-7.6%
Analysts Target Price	18.2	-7.6%
ValueRay Target Price	21.3	8.7%

PINE Fundamental Data Overview February 05, 2026

P/E Forward = 91.7431
P/S = 4.7969
P/B = 1.1191
Revenue TTM = 57.4m USD
EBIT TTM = 11.3m USD
EBITDA TTM = 38.4m USD
Long Term Debt = 358.2m USD (from longTermDebt, last quarter)
Short Term Debt = 78.0k USD (from shortTermDebt, last quarter)
Debt = 365.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 363.9m USD (from netDebt column, last quarter)
Enterprise Value = 639.4m USD (275.5m + Debt 365.1m - CCE 1.18m)
Interest Coverage Ratio = 0.82 (Ebit TTM 11.3m / Interest Expense TTM 13.8m)
EV/FCF = -12.44x (Enterprise Value 639.4m / FCF TTM -51.4m)
FCF Yield = -8.04% (FCF TTM -51.4m / Enterprise Value 639.4m)
FCF Margin = -89.50% (FCF TTM -51.4m / Revenue TTM 57.4m)
Net Margin = -8.86% (Net Income TTM -5.09m / Revenue TTM 57.4m)
Gross Margin = 81.83% ((Revenue TTM 57.4m - Cost of Revenue TTM 10.4m) / Revenue TTM)
Gross Margin QoQ = 79.59% (prev 85.84%)
Tobins Q-Ratio = 1.03 (Enterprise Value 639.4m / Total Assets 621.4m)
Interest Expense / Debt = 1.07% (Interest Expense 3.91m / Debt 365.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = 8.93m (EBIT 11.3m * (1 - 21.00%))
Current Ratio = 12.40 (Total Current Assets 120.9m / Total Current Liabilities 9.75m)
Debt / Equity = 1.63 (Debt 365.1m / totalStockholderEquity, last quarter 223.5m)
Debt / EBITDA = 9.47 (Net Debt 363.9m / EBITDA 38.4m)
Debt / FCF = -7.08 (negative FCF - burning cash) (Net Debt 363.9m / FCF TTM -51.4m)
Total Stockholder Equity = 236.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.85% (Net Income -5.09m / Total Assets 621.4m)
RoE = -2.15% (Net Income TTM -5.09m / Total Stockholder Equity 236.8m)
RoCE = 1.90% (EBIT 11.3m / Capital Employed (Equity 236.8m + L.T.Debt 358.2m))
RoIC = 1.54% (NOPAT 8.93m / Invested Capital 579.0m)
WACC = 3.45% (E(275.5m)/V(640.6m) * Re(6.89%) + D(365.1m)/V(640.6m) * Rd(1.07%) * (1-Tc(0.21)))
Discount Rate = 6.89% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.83%
Fair Price DCF = unknown (Cash Flow -51.4m)
EPS Correlation: -68.80 | EPS CAGR: -7.20% | SUE: -0.46 | # QB: 0
Revenue Correlation: 94.18 | Revenue CAGR: 12.16% | SUE: -0.21 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.06 | Chg30d=+0.010 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=0.30 | Chg30d=+0.140 | Revisions Net=+1 | Growth EPS=-125.0% | Growth Revenue=+8.7%

Additional Sources for PINE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Fund Manager Positions: Dataroma | Stockcircle