(PINE) Alpine Income Property Trust - Ratings and Ratios
Net Leased Properties, Commercial Loans, Sale-Leaseback
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 6.92% |
| Yield on Cost 5y | 10.90% |
| Yield CAGR 5y | 7.86% |
| Payout Consistency | 100.0% |
| Payout Ratio | - |
| Risk via 5d forecast | |
|---|---|
| Volatility | 23.6% |
| Value at Risk 5%th | 35.6% |
| Relative Tail Risk | -8.33% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.25 |
| Alpha | -4.15 |
| CAGR/Max DD | 0.10 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.503 |
| Beta | 0.256 |
| Beta Downside | 0.258 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.68% |
| Mean DD | 13.89% |
| Median DD | 15.46% |
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.
Piotroski VR‑10 (Strict, 0-10) 1.0
| Net Income (-5.09m TTM) > 0 and > 6% of Revenue (6% = 3.45m TTM) |
| FCFTA -0.08 (>2.0%) and ΔFCFTA -11.23pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 193.5% (prev -11.04%; Δ 204.6pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.05 (>3.0%) and CFO 28.1m > Net Income -5.09m (YES >=105%, WARN >=100%) |
| Net Debt (363.9m) to EBITDA (38.4m) ratio: 9.47 <= 3.0 (WARN <= 3.5) |
| Current Ratio 12.40 (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 81.83% (prev 82.47%; Δ -0.64pp) >=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 0.82 (EBITDA TTM 38.4m / Interest Expense TTM 13.8m) >= 6 (WARN >= 3) |
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 (Balance) -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 |
| Total Rating: 0.96 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 34.96
| 1. Piotroski 1.0pt |
| 2. FCF Yield -8.22% |
| 3. FCF Margin -89.50% |
| 4. Debt/Equity 1.63 |
| 5. Debt/Ebitda 9.47 |
| 6. ROIC - WACC (= -1.46)% |
| 7. RoE -2.15% |
| 8. Rev. Trend 94.18% |
| 9. EPS Trend -62.05% |
What is the price of PINE shares?
Over the past week, the price has changed by -3.00%, over one month by +3.92%, over three months by +15.69% and over the past year by +7.94%.
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 | 18.1 | 9.8% |
| Analysts Target Price | 18.1 | 9.8% |
| ValueRay Target Price | 17.8 | 7.8% |
PINE Fundamental Data Overview December 16, 2025
P/E Forward = 91.7431
P/S = 4.5531
P/B = 1.0766
Beta = 0.577
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 = 625.4m USD (261.5m + Debt 365.1m - CCE 1.18m)
Interest Coverage Ratio = 0.82 (Ebit TTM 11.3m / Interest Expense TTM 13.8m)
FCF Yield = -8.22% (FCF TTM -51.4m / Enterprise Value 625.4m)
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 = 1.01 (Enterprise Value 625.4m / Total Assets 621.4m)
Interest Expense / Debt = 1.07% (Interest Expense 3.91m / Debt 365.1m)
Taxrate = -8.34% (negative due to tax credits) (-188.0k / 2.25m)
NOPAT = 12.3m (EBIT 11.3m * (1 - -8.34%)) [negative tax rate / tax credits]
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 = -0.82% (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 = 2.12% (NOPAT 12.3m / Invested Capital 579.0m)
WACC = 3.58% (E(261.5m)/V(626.5m) * Re(6.96%) + D(365.1m)/V(626.5m) * Rd(1.07%) * (1-Tc(-0.08)))
Discount Rate = 6.96% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 33.33 | Cagr: 0.83%
Fair Price DCF = unknown (Cash Flow -51.4m)
EPS Correlation: -62.05 | EPS CAGR: -20.40% | SUE: -0.94 | # 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=+7.4%
Additional Sources for PINE Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle