(PINE) Alpine Income Property Trust - Ratings and Ratios
Net Leased Properties, Commercial Loans, Sale-Leaseback
PINE EPS (Earnings per Share)
PINE Revenue
Description: PINE Alpine Income Property Trust October 28, 2025
Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly-listed REIT that owns and operates a diversified portfolio of 129 net-lease commercial properties across 34 U.S. states, primarily under long-term triple-net leases that shift operating expenses (taxes, insurance, utilities, maintenance, and certain capital expenditures) to tenants.
In addition to its property holdings, PINE originates and holds commercial loans and other real-estate-secured investments; the three Tampa properties acquired via a sale-leaseback with a tenant-repurchase option are accounted for as financing arrangements for GAAP purposes but are still counted in the property statistics.
The trust is externally managed-PINE has no employees and relies on Alpine Income Property Manager, LLC, a wholly-owned subsidiary of CTO Realty Growth, Inc. (NYSE: CTO), which serves as the sole member of the manager and provides day-to-day operational oversight.
Key performance indicators (as of the most recent quarter) include a weighted-average lease term of roughly 9 years, an occupancy rate near 96 %, and a dividend yield hovering around 7 %, supported by a historically low default rate among its high-credit-quality tenants (many are Fortune 500 companies).
Sector-level drivers that influence PINE’s outlook are rising interest rates-which can pressure cap rates but also enhance the appeal of stable, inflation-linked net-lease cash flows-and sustained demand for single-tenant, essential-service properties that tend to outperform during economic downturns.
For a deeper, data-driven look at PINE’s valuation and peer comparison, the free analytics on ValueRay can help you assess whether the trust’s yield-and-risk profile fits your investment thesis.
PINE Stock Overview
| Market Cap in USD | 214m |
| Sub-Industry | Diversified REITs |
| IPO / Inception | 2019-11-22 |
PINE Stock Ratings
| Growth Rating | -25.9% |
| Fundamental | 47.1% |
| Dividend Rating | 82.6% |
| Return 12m vs S&P 500 | -27.2% |
| Analyst Rating | 4.50 of 5 |
PINE Dividends
| Dividend Yield 12m | 7.76% |
| Yield on Cost 5y | 10.96% |
| Annual Growth 5y | 7.86% |
| Payout Consistency | 92.9% |
| Payout Ratio | % |
PINE Growth Ratios
| Growth Correlation 3m | -42.1% |
| Growth Correlation 12m | -87% |
| Growth Correlation 5y | 34.8% |
| CAGR 5y | -1.14% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.04 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.08 |
| Sharpe Ratio 12m | -0.20 |
| Alpha | -26.91 |
| Beta | 0.688 |
| Volatility | 21.27% |
| Current Volume | 109.7k |
| Average Volume 20d | 101.9k |
| Stop Loss | 14.1 (-3.6%) |
| Signal | 0.30 |
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income (-5.09m TTM) > 0 and > 6% of Revenue (6% = 3.45m TTM) |
| FCFTA 0.00 (>2.0%) and ΔFCFTA -0.29pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -7.19% (prev -11.04%; Δ 3.85pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 28.2m > Net Income -5.09m (YES >=105%, WARN >=100%) |
| Net Debt (358.5m) to EBITDA (40.3m) ratio: 8.89 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.22 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (15.4m) change vs 12m ago 2.77% (target <= -2.0% for YES) |
| Gross Margin 83.71% (prev 80.97%; Δ 2.74pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 9.57% (prev 8.64%; Δ 0.93pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.96 (EBITDA TTM 40.3m / Interest Expense TTM 13.8m) >= 6 (WARN >= 3) |
Altman Z'' -0.15
| (A) -0.01 = (Total Current Assets 1.18m - Total Current Liabilities 5.31m) / Total Assets 621.4m |
| (B) -0.05 = Retained Earnings (Balance) -32.1m / Total Assets 621.4m |
| (C) 0.02 = EBIT TTM 13.2m / Avg Total Assets 600.2m |
| (D) -0.08 = Book Value of Equity -29.6m / Total Liabilities 376.2m |
| Total Rating: -0.15 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 47.13
| 1. Piotroski 2.0pt = -3.0 |
| 2. FCF Yield 0.12% = 0.06 |
| 3. FCF Margin 1.19% = 0.30 |
| 4. Debt/Equity 1.63 = 1.29 |
| 5. Debt/Ebitda 8.89 = -2.50 |
| 6. ROIC - WACC (= -1.41)% = -1.76 |
| 7. RoE -2.15% = -0.36 |
| 8. Rev. Trend 95.74% = 7.18 |
| 9. EPS Trend -81.62% = -4.08 |
What is the price of PINE shares?
Over the past week, the price has changed by +2.24%, over one month by +3.91%, over three months by +3.96% and over the past year by -11.67%.
Is Alpine Income Property Trust a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of PINE is around 14.50 USD . This means that PINE is currently overvalued and has a potential downside of -0.82%.
Is PINE a buy, sell or hold?
- Strong Buy: 8
- Buy: 2
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the PINE price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 17.5 | 19.4% |
| Analysts Target Price | 17.5 | 19.4% |
| ValueRay Target Price | 15.5 | 6% |
PINE Fundamental Data Overview October 26, 2025
P/E Forward = 91.7431
P/S = 3.7341
P/B = 0.8612
Beta = 0.688
Revenue TTM = 57.4m USD
EBIT TTM = 13.2m USD
EBITDA TTM = 40.3m USD
Long Term Debt = 301.5m USD (from longTermDebt, last fiscal year)
Short Term Debt = 78.0k USD (from shortTermDebt, last quarter)
Debt = 365.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 358.5m USD (from netDebt column, last quarter)
Enterprise Value = 578.4m USD (214.4m + Debt 365.2m - CCE 1.18m)
Interest Coverage Ratio = 0.96 (Ebit TTM 13.2m / Interest Expense TTM 13.8m)
FCF Yield = 0.12% (FCF TTM 686.0k / Enterprise Value 578.4m)
FCF Margin = 1.19% (FCF TTM 686.0k / Revenue TTM 57.4m)
Net Margin = -8.86% (Net Income TTM -5.09m / Revenue TTM 57.4m)
Gross Margin = 83.71% ((Revenue TTM 57.4m - Cost of Revenue TTM 9.35m) / Revenue TTM)
Gross Margin QoQ = 87.02% (prev 85.84%)
Tobins Q-Ratio = 0.93 (Enterprise Value 578.4m / Total Assets 621.4m)
Interest Expense / Debt = 1.07% (Interest Expense 3.91m / Debt 365.2m)
Taxrate = -9.10% (negative due to tax credits) (-188.0k / 2.07m)
NOPAT = 14.4m (EBIT 13.2m * (1 - -9.10%)) [negative tax rate / tax credits]
Current Ratio = 0.22 (Total Current Assets 1.18m / Total Current Liabilities 5.31m)
Debt / Equity = 1.63 (Debt 365.2m / totalStockholderEquity, last quarter 223.5m)
Debt / EBITDA = 8.89 (Net Debt 358.5m / EBITDA 40.3m)
Debt / FCF = 522.6 (Net Debt 358.5m / FCF TTM 686.0k)
Total Stockholder Equity = 236.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.82% (Net Income -5.09m / Total Assets 621.4m)
RoE = -2.15% (Net Income TTM -5.09m / Total Stockholder Equity 236.8m)
RoCE = 2.45% (EBIT 13.2m / Capital Employed (Equity 236.8m + L.T.Debt 301.5m))
RoIC = 2.49% (NOPAT 14.4m / Invested Capital 578.1m)
WACC = 3.90% (E(214.4m)/V(579.6m) * Re(8.55%) + D(365.2m)/V(579.6m) * Rd(1.07%) * (1-Tc(-0.09)))
Discount Rate = 8.55% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 3.51%
[DCF Debug] Terminal Value 68.20% ; FCFE base≈1.33m ; Y1≈873.5k ; Y5≈399.4k
Fair Price DCF = 0.51 (DCF Value 7.21m / Shares Outstanding 14.2m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -81.62 | EPS CAGR: -47.28% | SUE: -0.94 | # QB: 0
Revenue Correlation: 95.74 | Revenue CAGR: 8.64% | SUE: -0.21 | # QB: 0
Additional Sources for PINE Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle