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Alpine Income Property Trust Inc
(NYSE:PINE)
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Rating:52Neutral
Price Target:
$17.50
▼(-11.21% Downside)
Action:Reiterated
Date:10/22/26
Overall score reflects improving profitability but material cash-flow pressure (deeply negative free cash flow) and elevated leverage, which meaningfully increase dependence on capital markets. Technicals are also weak with the stock trading below key moving averages and negative MACD. Offsetting these risks, the latest earnings call was constructive with raised guidance (low end), a dividend increase, and strong portfolio quality/occupancy, while valuation is mixed (high P/E but strong yield).
Positive Factors
Improving profitability
The return to profitability alongside higher AFFO indicates that recent investment activity is translating into earnings. Continued revenue expansion and increased full-year AFFO guidance suggest improving operating scale and stronger recurring income over the next several quarters.
Negative Factors
Elevated leverage
Leverage remains meaningful relative to the equity base, even after recent improvement. This can reduce financial flexibility, increase sensitivity to borrowing costs, and make future acquisitions or shareholder distributions more dependent on continued capital-market access.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability
The return to profitability alongside higher AFFO indicates that recent investment activity is translating into earnings. Continued revenue expansion and increased full-year AFFO guidance suggest improving operating scale and stronger recurring income over the next several quarters.
Read all positive factors
Alpine Income Property Trust Inc (PINE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$317.46M
Dividend Yield7.04%
Average Volume (3M)176.44K
Price to Earnings (P/E)79.3
Beta (1Y)0.06
Revenue Growth24.02%
EPS GrowthN/A
CountryUS
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Retail
Share Statistics
EPS (TTM)0.22
Shares Outstanding17,935,408
10 Day Avg. Volume161,664
30 Day Avg. Volume176,436
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)0.86
Price to Sales (P/S)3.96
P/FCF Ratio-2.89
Enterprise Value/Market Cap2.42
Enterprise Value/Revenue11.01
Enterprise Value/Gross Profit17.58
Enterprise Value/Ebitda15.33
Forecast
1Y Price Target
$21.41Price Target Upside8.61% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.6
Revenue Forecast (FY)$78.80M
Alpine Income Property Trust Inc Business Overview & Revenue Model
Company Description
Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust. The firm seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net l...
How the Company Makes Money
PINE primarily makes money by owning real estate and collecting contractual rent from tenants under net lease agreements. Under a typical net lease structure, tenants are generally responsible for some combination of property operating expenses—su...
Alpine Income Property Trust Inc Earnings Call Summary
Earnings Call Date:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Feb 11, 2027
Earnings Call Sentiment Positive
Overall the call conveyed a positive operational and strategic picture: strong quarter of investment activity, high yields on loans, increased investment‑grade tenant mix, robust occupancy and WALT, a dividend raise, and raised guidance on the low end. Key risks and negatives include higher interest costs from swap re‑pricing, a reduced disposition outlook, equity issuance dilution, timing risk on unfunded loan commitments, and a notable discrepancy in reported AFFO growth that clouded clarity. On balance, the positive operational momentum and improved portfolio credit profile outweigh the near‑term headwinds.Positive Updates
Strong Earnings and Revenue
Q2 total revenue $20.0M (lease income $12.6M; loan interest $7.3M). Reported FFO $0.57 and AFFO $0.58 per diluted share for the quarter; year-to-date FFO $1.10 and AFFO $1.11. Management highlighted meaningful year-over-year earnings growth driven by investment activity.
Negative Updates
AFFO Growth Messaging Discrepancy
Conflicting statements on AFFO growth: CEO referenced 32% year‑over‑year AFFO growth, while CFO reported AFFO growth of ~3,000% for the quarter (and ~3,000% YTD), creating unclear messaging on the magnitude of year‑over‑year improvement.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Earnings and Revenue
Q2 total revenue $20.0M (lease income $12.6M; loan interest $7.3M). Reported FFO $0.57 and AFFO $0.58 per diluted share for the quarter; year-to-date FFO $1.10 and AFFO $1.11. Management highlighted meaningful year-over-year earnings growth driven by investment activity.
Read all positive updates
Company Guidance
The company raised the low end of its 2026 outlook to FFO $2.10–$2.13 and AFFO $2.12–$2.15 per diluted share, kept its investment-volume assumption unchanged at $170–$200 million, and lowered expected dispositions to $20–$40 million (from $30–$60M); the board authorized a 6.7% increase in the quarterly common dividend to $0.32/share (starting Q3), which represents roughly a 55% AFFO payout ratio on Q2 AFFO, while the Series A preferred dividend remains $0.50/quarter; guidance excludes any incentive management fee, the prospective base management-fee run rate is just over $1.4M per quarter, and the company continues to target a commercial loan portfolio of about 20% of undepreciated asset value as it deploys capital.Alpine Income Property Trust Inc Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.87M | 60.53M | 52.23M | 45.64M | 45.19M | 30.13M |
| Gross Profit | 43.74M | -6.61M | 40.19M | 38.76M | 35.93M | 23.27M |
| EBITDA | 50.17M | 40.76M | 39.14M | 38.48M | 66.13M | 30.48M |
| Net Income | 5.35M | -2.66M | 2.07M | 2.92M | 29.72M | 9.96M |
Balance Sheet | ||||||
| Total Assets | 781.51M | 715.87M | 605.00M | 564.56M | 573.43M | 505.51M |
| Cash, Cash Equivalents and Short-Term Investments | 2.78M | 4.59M | 1.58M | 14.98M | 9.02M | 8.85M |
| Total Debt | 372.31M | 394.18M | 309.47M | 282.04M | 273.82M | 273.22M |
| Total Liabilities | 422.97M | 414.62M | 328.50M | 288.95M | 278.06M | 277.61M |
| Stockholders Equity | 337.29M | 279.88M | 253.03M | 250.74M | 261.62M | 196.52M |
Cash Flow | ||||||
| Free Cash Flow | -67.29M | -82.80M | 25.61M | -58.89M | -164.50M | 17.20M |
| Operating Cash Flow | 21.42M | 25.75M | 25.61M | 25.57M | 24.65M | 17.20M |
| Investing Cash Flow | -119.01M | -103.86M | -57.84M | -13.58M | -38.78M | -195.99M |
| Financing Cash Flow | 111.53M | 109.16M | 26.46M | -11.30M | 17.67M | 186.40M |
Alpine Income Property Trust Inc Technical Analysis
Negative
19.71
Price Trends
18.31
Negative
19.06
Negative
18.60
Negative
Market Momentum
-0.15
Negative
36.95
Neutral
15.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PINE, the sentiment is Negative. The current price of 19.71 is above the 20-day moving average (MA) of 17.60, above the 50-day MA of 18.31, and above the 200-day MA of 18.60, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 36.95 is Neutral, neither overbought nor oversold. The STOCH value of 15.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PINE.
Alpine Income Property Trust Inc Risk Analysis
Alpine Income Property Trust Inc disclosed 101 risk factors in its most recent earnings report. Alpine Income Property Trust Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Alpine Income Property Trust Inc Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | $191.01M | 1.52 | 40.56% | 168.46% | -64.75% | -64.43% | |
62 Neutral | $1.53B | 6.93 | 55.78% | 4.76% | 9.03% | 235.30% | |
57 Neutral | $712.59M | 20.16 | 11.41% | 8.19% | 8.98% | -26.26% | |
52 Neutral | $317.46M | 79.30 | 1.86% | 7.04% | 24.02% | ― | |
47 Neutral | $542.04K | ― | 25.75% | 530524.74% | -7.40% | ― | |
47 Neutral | $90.12M | -1.56 | -17.89% | 2.23% | -24.59% | 33.86% |
* Real Estate Sector Average
PINE
Alpine Income Property Trust Inc
17.12
4.05
30.96%
SITC
SITE Centers
3.71
-1.40
-27.40%
BFS
Saul Centers
28.83
-0.10
-0.33%
WHLR
Wheeler Real Estate Investment
0.53
-44,452.27
-100.00%
SRG
Seritage
1.64
-2.55
-60.86%
CBL
CBL & Associates Properties
48.80
20.76
74.03%
Alpine Income Property Trust Inc Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Alpine Income Property Trust Posts Strong Q3 Results
Positive
Oct 22, 2026
On October 22, 2026, Alpine Income Property Trust reported third-quarter 2026 results showing total revenues of $20.5 million and net income attributable to common stockholders of $3.4 million, reversing a loss in the prior-year quarter, with AFFO...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance
Alpine Income Property Trust Advances Industrial Portfolio Acquisition
Positive
Oct 9, 2026
On October 5, 2026, Alpine Income Property Trust, through a wholly owned operating partnership subsidiary, agreed to buy a 13‑property industrial portfolio spanning 11 states for $117.3 million from an institutional seller with no prior mate...
Business Operations and StrategyDividendsFinancial Disclosures
Alpine Income Property Trust Returns to Profitability, Raises Dividend
Positive
Jul 23, 2026
On July 23, 2026, Alpine Income Property Trust reported second-quarter and six-month 2026 results, highlighting strong growth in revenues and a return to profitability versus 2025. Total revenues rose to $20.0 million in the quarter and $38.4 mill...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.