(PINE) Alpine Income Property - Overview

Sector: Real Estate | Industry: REIT - Retail | Exchange: NYSE (USA) | Market Cap: 300m USD | Total Return: 31.7% in 12m

Real Estate, Properties, Loans, Investments
Total Rating 50
Safety 52
Buy Signal 0.74
REIT - Retail
Industry Rotation: -10.4
Market Cap: 300M
Avg Turnover: 2.59M USD
ATR: 2.46%
Peers RS (IBD): 90.4
Risk 5d forecast
Volatility24.5%
Rel. Tail Risk-6.04%
Reward TTM
Sharpe Ratio1.30
Alpha22.98
Character TTM
Beta0.170
Beta Downside0.351
Drawdowns 3y
Max DD24.78%
CAGR/Max DD0.56
EPS (Earnings per Share) EPS (Earnings per Share) of PINE over the last years for every Quarter: "2021-03": 0.05, "2021-06": 0.03, "2021-09": 0.07, "2021-12": 0.03, "2022-03": 0.06, "2022-06": 1.05, "2022-09": 0.72, "2022-12": 0.34, "2023-03": 0.21, "2023-06": 0.01, "2023-09": -0.05, "2023-12": 0.02, "2024-03": -0.02, "2024-06": 0.01, "2024-09": -0.03, "2024-12": -0.004, "2025-03": -0.16, "2025-06": -0.18, "2025-09": -0.0939, "2025-12": 0.06, "2026-03": 0,
EPS CAGR: -39.69%
EPS Trend: -72.5%
Last SUE: -0.20
Qual. Beats: 0
Revenue Revenue of PINE over the last years for every Quarter: 2021-03: 5.89, 2021-06: 6.597, 2021-09: 8.170999, 2021-12: 9.47, 2022-03: 10.799, 2022-06: 11.28, 2022-09: 11.52, 2022-12: 11.592, 2023-03: 11.156, 2023-06: 11.348, 2023-09: 11.559, 2023-12: 11.581, 2024-03: 12.466, 2024-06: 12.49, 2024-09: 13.48, 2024-12: 13.791, 2025-03: 14.206, 2025-06: 14.863, 2025-09: 14.563, 2025-12: 16.9, 2026-03: null,
Rev. CAGR: 12.69%
Rev. Trend: 93.8%
Last SUE: 4.00
Qual. Beats: 1

Warnings

High Debt/EBITDA (9.6) with thin interest coverage (0.8)

High Debt while negative Cash Flow

Interest Coverage Ratio 0.8 is critical

Altman Z'' -0.20 < 1.0 - financial distress zone

Tailwinds

No distinct edge detected

Description: PINE Alpine Income Property

Alpine Income Property Trust, Inc. (PINE) operates as a real estate investment trust (REIT). The company focuses on acquiring and managing single-tenant net leased commercial properties. This business model typically transfers property operating expenses to the tenant, offering predictable rental income.

PINE primarily targets properties leased to publicly traded and credit-rated tenants, aiming for stable returns and consistent dividend payments. Additionally, the company diversifies its investments through a select portfolio of commercial loan investments.

For more detailed analysis of PINEs performance and financials, consider exploring ValueRay.

Headlines to Watch Out For
  • Single-tenant net lease demand impacts occupancy rates
  • Interest rate hikes increase borrowing costs for property acquisitions
  • Credit quality of tenants affects rental income stability
  • Commercial loan portfolio performance influences overall returns
Piotroski VR‑10 (Strict) 2.0
Net Income: -2.66m TTM > 0 and > 6% of Revenue
FCF/TA: -0.06 > 0.02 and ΔFCF/TA -0.34 > 1.0
NWC/Revenue: -15.60% < 20% (prev 182.9%; Δ -198.5% < -1%)
CFO/TA 0.04 > 3% & CFO 25.7m > Net Income -2.66m
Net Debt (389.6m) to EBITDA (40.8m): 9.56 < 3
Current Ratio: 0.33 > 1.5 & < 3
Outstanding Shares: last quarter (15.6m) vs 12m ago 7.73% < -2%
Gross Margin: -10.92% > 18% (prev 0.81%; Δ -1.17k% > 0.5%)
Asset Turnover: 9.17% > 50% (prev 8.63%; Δ 0.53% > 0%)
Interest Coverage Ratio: 0.84 > 6 (EBITDA TTM 40.8m / Interest Expense TTM 15.9m)
Altman Z'' -0.20
A: -0.01 (Total Current Assets 4.59m - Total Current Liabilities 14.0m) / Total Assets 715.9m
B: -0.05 (Retained Earnings -35.3m / Total Assets 715.9m)
C: 0.02 (EBIT TTM 13.4m / Avg Total Assets 660.4m)
D: -0.08 (Book Value of Equity -33.8m / Total Liabilities 414.6m)
Altman-Z'' Score: -0.20 = B
Beneish M -3.63
DSRI: 0.03 (Receivables 2.98m/91.1m, Revenue 60.5m/52.2m)
GMI: 1.00 (fallback, negative margins)
AQI: 1.20 (AQ_t 0.99 / AQ_t-1 0.83)
SGI: 1.16 (Revenue 60.5m / 52.2m)
TATA: -0.04 (NI -2.66m - CFO 25.7m) / TA 715.9m)
Beneish M-Score: -3.63 (Cap -4..+1) = AAA
What is the price of PINE shares? As of April 10, 2026, the stock is trading at USD 19.16 with a total of 160,136 shares traded.
Over the past week, the price has changed by +4.19%, over one month by +0.08%, over three months by +14.43% and over the past year by +31.66%.
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?
Analysts Target Price 20.9 9.1%
Alpine Income Property (PINE) - Fundamental Data Overview as of 06 April 2026
P/E Forward = 588.2353
P/S = 4.9558
P/B = 0.9915
Revenue TTM = 60.5m USD
EBIT TTM = 13.4m USD
EBITDA TTM = 40.8m USD
Long Term Debt = 377.7m USD (from longTermDebt, last quarter)
Short Term Debt = 311k USD (from shortTermDebt, last quarter)
Debt = 394.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 389.6m USD (from netDebt column, last quarter)
Enterprise Value = 689.6m USD (300.0m + Debt 394.2m - CCE 4.59m)
Interest Coverage Ratio = 0.84 (Ebit TTM 13.4m / Interest Expense TTM 15.9m)
EV/FCF = -16.09x (Enterprise Value 689.6m / FCF TTM -42.9m)
FCF Yield = -6.21% (FCF TTM -42.9m / Enterprise Value 689.6m)
FCF Margin = -70.79% (FCF TTM -42.9m / Revenue TTM 60.5m)
Net Margin = -4.39% (Net Income TTM -2.66m / Revenue TTM 60.5m)
Gross Margin = -10.92% ((Revenue TTM 60.5m - Cost of Revenue TTM 67.1m) / Revenue TTM)
Gross Margin QoQ = none% (prev 79.59%)
Tobins Q-Ratio = 0.96 (Enterprise Value 689.6m / Total Assets 715.9m)
Interest Expense / Debt = 1.13% (Interest Expense 4.44m / Debt 394.2m)
Taxrate = 21.0% (US default 21%)
NOPAT = 10.6m (EBIT 13.4m * (1 - 21.00%))
Current Ratio = 0.33 (Total Current Assets 4.59m / Total Current Liabilities 14.0m)
Debt / Equity = 1.41 (Debt 394.2m / totalStockholderEquity, last quarter 279.9m)
Debt / EBITDA = 9.56 (Net Debt 389.6m / EBITDA 40.8m)
 Debt / FCF = -9.09 (negative FCF - burning cash) (Net Debt 389.6m / FCF TTM -42.9m)
 Total Stockholder Equity = 243.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.40% (Net Income -2.66m / Total Assets 715.9m)
RoE = -1.09% (Net Income TTM -2.66m / Total Stockholder Equity 243.5m)
RoCE = 2.15% (EBIT 13.4m / Capital Employed (Equity 243.5m + L.T.Debt 377.7m))
RoIC = 1.75% (NOPAT 10.6m / Invested Capital 604.8m)
WACC = 3.35% (E(300.0m)/V(694.2m) * Re(6.58%) + D(394.2m)/V(694.2m) * Rd(1.13%) * (1-Tc(0.21)))
Discount Rate = 6.58% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 33.33 | Cagr: 1.38%
 [DCF] Fair Price = unknown (Cash Flow -42.9m)
 EPS Correlation: -72.52 | EPS CAGR: -39.69% | SUE: -0.20 | # QB: 0
Revenue Correlation: 93.84 | Revenue CAGR: 12.69% | SUE: 4.0 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.11 | Chg7d=+0.030 | Chg30d=+0.030 | Revisions Net=+2 | Analysts=2
EPS current Year (2026-12-31): EPS=0.42 | Chg7d=+0.125 | Chg30d=+0.125 | Revisions Net=+2 | Growth EPS=+0.0% | Growth Revenue=+16.6%
EPS next Year (2027-12-31): EPS=0.39 | Chg7d=+0.390 | Chg30d=+0.390 | Revisions Net=+1 | Growth EPS=-8.2% | Growth Revenue=+3.6%
[Analyst] Revisions Ratio: +1.00 (2 Up / 0 Down within 30d for Next Quarter)
External Resources
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