(PINE) Alpine Income Property - Overview
Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 342m USD | Total Return: 38.8% in 12m
Avg Turnover: 3.30M
Qual. Beats: 0
Rev. Trend: 97.8%
Qual. Beats: 2
Warnings
High Debt/EBITDA (8.1) with thin interest coverage (1.1)
High Debt while negative Cash Flow
Altman Z'' -0.20 < 1.0 - financial distress zone
Tailwinds
Idiosyncratic Leader, Confidence
Alpine Income Property Trust, Inc. (PINE) is a Maryland-incorporated real estate investment trust specializing in the acquisition and management of single-tenant net leased commercial properties. The portfolio primarily consists of assets leased to credit-rated and publicly traded tenants to support stable dividend distributions. In addition to physical real estate, the firm maintains a strategic allocation in commercial loan investments to enhance total risk-adjusted returns.
The company operates under a triple-net lease model, which typically shifts responsibility for taxes, insurance, and maintenance from the landlord to the tenant. This structure reduces operational volatility and provides a predictable income stream compared to gross lease models. Within the GICS Diversified REIT sub-industry, such firms often benefit from long-term lease agreements that provide built-in rent escalations over several years.
Investors can further evaluate the companys underlying asset quality and debt metrics by reviewing the detailed financial breakdowns on ValueRay. Alpine Income Property Trust has been publicly traded since its formation in 2019, focusing on a disciplined investment strategy within the domestic commercial sector.
- High concentration of investment grade tenants ensures stable rental income streams
- Interest rate fluctuations impact cost of debt and acquisition cap rates
- Strategic commercial loan investments provide secondary revenue and yield enhancement
- Portfolio expansion through net lease acquisitions drives funds from operations growth
| Net Income: 707k TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -1.30 > 1.0 |
| NWC/Revenue: -20.75% < 20% (prev 227.7%; Δ -248.4% < -1%) |
| CFO/TA 0.03 > 3% & CFO 22.2m > Net Income 707k |
| Net Debt (372.2m) to EBITDA (46.1m): 8.07 < 3 |
| Current Ratio: 0.16 > 1.5 & < 3 |
| Outstanding Shares: last quarter (16.8m) vs 12m ago 5.78% < -2% |
| Gross Margin: 59.60% > 18% (prev 0.81%; Δ 5.88k% > 0.5%) |
| Asset Turnover: 9.30% > 50% (prev 8.34%; Δ 0.96% > 0%) |
| Interest Coverage Ratio: 1.10 > 6 (EBITDA TTM 46.1m / Interest Expense TTM 17.0m) |
| A: -0.02 (Total Current Assets 2.62m - Total Current Liabilities 16.1m) / Total Assets 745.1m |
| B: -0.05 (Retained Earnings -39.1m / Total Assets 745.1m) |
| C: 0.03 (EBIT TTM 18.8m / Avg Total Assets 696.3m) |
| D: -0.09 (Book Value of Equity -37.4m / Total Liabilities 411.5m) |
| Altman-Z'' = -0.20 = B |
| DSRI: 1.64 (Receivables 218.6m/111.3m, Revenue 64.7m/54.0m) |
| GMI: 1.37 (GM 59.60% / 81.38%) |
| AQI: 1.25 (AQ_t 0.99 / AQ_t-1 0.79) |
| SGI: 1.20 (Revenue 64.7m / 54.0m) |
| TATA: -0.03 (NI 707k - CFO 22.2m) / TA 745.1m) |
| Beneish M = -1.91 (Cap -4..+1) = B |
As of May 27, 2026, the stock is trading at USD 19.58 with a total of 181,794 shares traded.
Over the past week, the price has changed by +3.05%,
over one month by +2.84%,
over three months by +0.51% and
over the past year by +38.82%.
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
| Analysts Target Price | 21.1 | 7.7% |
P/E Forward = 91.7431
P/S = 5.289
P/B = 1.0202
Revenue TTM = 64.7m USD
EBIT TTM = 18.8m USD
EBITDA TTM = 46.1m USD
Long Term Debt = 359.4m USD (from longTermDebt, last quarter)
Short Term Debt = 233k USD (from shortTermDebt, last quarter)
Debt = 374.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 7.68m
Net Debt = 372.2m USD (calculated: Debt 374.8m - CCE 2.62m)
Enterprise Value = 714.5m USD (342.4m + Debt 374.8m - CCE 2.62m)
Interest Coverage Ratio = 1.10 (Ebit TTM 18.8m / Interest Expense TTM 17.0m)
EV/FCF = -15.40x (Enterprise Value 714.5m / FCF TTM -46.4m)
FCF Yield = -6.49% (FCF TTM -46.4m / Enterprise Value 714.5m)
FCF Margin = -71.67% (FCF TTM -46.4m / Revenue TTM 64.7m)
Net Margin = 1.09% (Net Income TTM 707k / Revenue TTM 64.7m)
Gross Margin = 59.60% ((Revenue TTM 64.7m - Cost of Revenue TTM 26.1m) / Revenue TTM)
Gross Margin QoQ = 2.18% (prev 81.85%)
Tobins Q-Ratio = 0.96 (Enterprise Value 714.5m / Total Assets 745.1m)
Interest Expense / Debt = 4.54% (Interest Expense 17.0m / Debt 374.8m)
Taxrate = 21.0% (US default 21%)
NOPAT = 14.9m (EBIT 18.8m * (1 - 21.00%))
Current Ratio = 0.16 (Total Current Assets 2.62m / Total Current Liabilities 16.1m)
Debt / Equity = 1.20 (Debt 374.8m / totalStockholderEquity, last quarter 312.5m)
Debt / EBITDA = 8.07 (Net Debt 372.2m / EBITDA 46.1m)
Debt / FCF = -8.02 (negative FCF - burning cash) (Net Debt 372.2m / FCF TTM -46.4m)
Total Stockholder Equity = 261.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.10% (Net Income 707k / Total Assets 745.1m)
RoE = 0.24% (Net Income TTM 707k / Total Stockholder Equity 300.5m)
RoCE = 2.85% (EBIT 18.8m / Capital Employed (Equity 300.5m + L.T.Debt 359.4m))
RoIC = 2.04% (NOPAT 14.9m / Invested Capital 726.7m)
WACC = 4.97% (E(342.4m)/V(717.2m) * Re(6.48%) + D(374.8m)/V(717.2m) * Rd(4.54%) * (1-Tc(0.21)))
Discount Rate = 6.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 51.11 | Cagr: 4.67%
[DCF] Fair Price = unknown (Cash Flow -46.4m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.74 | # QB: 0
Revenue Correlation: 97.84 | Revenue CAGR: 13.88% | SUE: 1.12 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.13 | Chg30d=+18.18% | Revisions=+33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.13 | Chg30d=+23.81% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=0.52 | Chg30d=+5.94% | Revisions=+0% | GrowthEPS=+336.0% | GrowthRev=+25.4%
EPS next Year (2027-12-31): EPS=0.48 | Chg30d=+23.08% | Revisions=+0% | GrowthEPS=-8.2% | GrowthRev=+6.0%
[Analyst] Revisions Ratio: +33%