Alpine Income Property Trust (PINE) Stock Overview
A publicly traded real estate investment trust. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
PINE Community Fair Values
Create NarrativeSee what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Alpine Income Property Trust, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$20.21 |
| 52 Week High | US$20.80 |
| 52 Week Low | US$13.10 |
| Beta | 0.59 |
| 1 Month Change | 5.54% |
| 3 Month Change | 8.77% |
| 1 Year Change | 30.14% |
| 3 Year Change | 26.95% |
| 5 Year Change | 4.55% |
| Change since IPO | 6.37% |
Recent News & Updates
Narrative Update • Jun 03
PINE: Dividend Yield And Q1 Guidance Reset Will Shape Balanced Outlook
Analysts made a small trim to their fair value estimate for Alpine Income Property Trust to about $21.09 from roughly $21.18, reflecting updated views on revenue growth, profitability, and valuation following recent Q1-driven model changes and price target adjustments across covering firms. Analyst Commentary Recent Street research on Alpine Income Property Trust shows a mix of optimism on value and income, alongside some caution tied to updated models after Q1 results.Seeking Alpha • May 16
Alpine Income Property: Why This 6.4% Yield Has Upside Potential
Summary Alpine Income Property Trust remains a compelling value and income pick, offering a 6.4% yield and trading at 8.8x forward P/FFO. PINE's disciplined capital recycling, robust loan portfolio, and focus on smaller, less competitive transactions drive double-digit FFO growth and portfolio expansion. Management raised 2026 FFO/share guidance, targeting 12% YoY growth, supported by a strong investment pipeline and prudent dividend coverage. I maintain a 'buy' rating on PINE, citing attractive valuation, steady execution, and upside from lease rollovers and mean reversion. Read the full article on Seeking AlphaRecent updates
Narrative Update • Jun 03
PINE: Dividend Yield And Q1 Guidance Reset Will Shape Balanced Outlook
Analysts made a small trim to their fair value estimate for Alpine Income Property Trust to about $21.09 from roughly $21.18, reflecting updated views on revenue growth, profitability, and valuation following recent Q1-driven model changes and price target adjustments across covering firms. Analyst Commentary Recent Street research on Alpine Income Property Trust shows a mix of optimism on value and income, alongside some caution tied to updated models after Q1 results.Seeking Alpha • May 16
Alpine Income Property: Why This 6.4% Yield Has Upside Potential
Summary Alpine Income Property Trust remains a compelling value and income pick, offering a 6.4% yield and trading at 8.8x forward P/FFO. PINE's disciplined capital recycling, robust loan portfolio, and focus on smaller, less competitive transactions drive double-digit FFO growth and portfolio expansion. Management raised 2026 FFO/share guidance, targeting 12% YoY growth, supported by a strong investment pipeline and prudent dividend coverage. I maintain a 'buy' rating on PINE, citing attractive valuation, steady execution, and upside from lease rollovers and mean reversion. Read the full article on Seeking AlphaNarrative Update • May 03
PINE: Dividend Yield And Buyback Activity Will Shape Balanced Return Outlook
The analyst price target for Alpine Income Property Trust has been increased by about $0.27 to $21.18, as analysts factor in updated assumptions around discount rates, revenue growth, profit margins, and a slightly higher future P/E, supported by a series of recent price target increases and positive ratings across the Street. Analyst Commentary Recent research updates on Alpine Income Property Trust have centered on valuation, rating changes within the net lease REIT group, and how the current share price compares with analysts price targets and income profile.Narrative Update • Apr 11
PINE: Dividend Yield And Net Lease Profile Will Support Balanced Return Potential
Analysts have lifted their average price target on Alpine Income Property Trust to $20.91, supported by recent bullish rating actions and higher targets in the $19.50 to $22 range, which highlight views on its valuation and dividend yield. Analyst Commentary Recent research updates on Alpine Income Property Trust focus on valuation, income appeal, and positioning within the net lease real estate group, with most commentary skewing positive but still measured on the outlook.Narrative Update • Mar 26
PINE: Strong Buy Rating And Dividend Yield Are Expected To Support Upside
Narrative Update The analyst price target for Alpine Income Property Trust is now $22. This reflects updated views on the stock's valuation following recent upgrades, including a Strong Buy rating and higher targets around $19.50 to $22 that are supported by comments on its P/E level and dividend yield.Narrative Update • Mar 11
PINE: Dividend Increase And Aspen Lease Are Expected To Support Balanced Returns
Our analyst price target for Alpine Income Property Trust increases slightly to about $20.91 per share from roughly $20.68, reflecting updated assumptions around the discount rate, fair value inputs, and future P/E that are consistent with recent price target increases from analysts at major firms. Analyst Commentary Recent Street research around Alpine Income Property Trust has centered on modest price target adjustments and a fresh initiation that collectively frame expectations around execution, risk, and valuation.Narrative Update • Feb 25
PINE: Dividend Increases And Aspen Acquisition Will Support Balanced Return Profile
Analysts have raised their price target on Alpine Income Property Trust by about $0.73 per share. This change reflects updated views on its fair value, revenue growth, profit margin outlook, and expected P/E level, informed by recent bullish research coverage.Narrative Update • Feb 10
PINE: Future Acquisitions And Dividend Policy Will Shape Balanced Return Profile
Narrative Update The analyst price target for Alpine Income Property Trust has moved higher from about $17.77 to roughly $19.95, reflecting recent analyst updates that factor in revised fair value estimates, an adjusted discount rate, new revenue growth and profit margin assumptions, and higher future P/E expectations following preferred stock issuance and Q4 acquisitions. Analyst Commentary Recent research updates on Alpine Income Property Trust give you a mixed but useful read on how the market is thinking about valuation, execution, and growth after the preferred stock issuance and Q4 acquisitions.Seeking Alpha • Mar 31
Alpine: Don't Fret The Disposition Losses & Systematic Pressures
Summary Alpine Income Property Trust, Inc. remains under-the-radar despite its strong profile, high occupancy rate, and long lease terms agreements. The REIT faces macroeconomic headwinds, including late-cycle economic growth and flimsy consumer sentiment. However, PINE's portfolio construction and financing capabilities might mitigate such risks. Our concerns include a high leverage ratio, exposure to non-investment grade tenants, and potential counter-party risk uncertainty from Walgreens' take-private deal. Despite its risks, PINE REIT is relatively cheap, yields well, and demonstrates strength through stock buybacks, which introduces a bullish scenario. Read the full article on Seeking AlphaSeeking Alpha • Feb 21
Alpine Income Property: Understanding The New Share Repurchase Program (Rating Downgrade)
Summary PINE's share repurchase program aims to unlock value but faces challenges due to high leverage and limited retained earnings. PINE's AFFO yield over 10% makes share repurchases more attractive than new asset acquisitions, but the impact may be minimal. PINE's high debt levels and reliance on issuing shares for growth complicate its financial strategy and shareholder value creation. Without a clear strategy from management, PINE remains a risky investment, leading to a "Sell" rating. Read the full article on Seeking Alpha
New Narrative • Feb 09
Balancing Risk And Yield Will Diversify Future Revenue Streams
Strategic acquisition of high-credit tenants boosts revenue stability, while diversifying revenue streams through a barbell investment strategy supports growth.Seeking Alpha • Jan 30
Alpine Income's Q4 Earnings: What To Expect
Summary Alpine Income Property Trust Inc. is set to release its Q4 earnings report on February 6th, and we expect robust core results. Fundamentally, Alpine boasts a diversified portfolio with a 99% occupancy and an 8% implied capitalization rate, though its investment grade exposure is relatively low. The REIT's capital structure is solid, with low net debt and no debt maturing in 2025, allowing it to navigate the high-interest rate environment effectively. Despite evident risks, we maintain a bullish outlook due to Alpine's strong fundamentals, aggressive reinvestment activity, and attractive valuation outlook. Read the full article on Seeking AlphaSeeking Alpha • Jan 17
Alpine Income Property Trust: Dividend Growth Rooted In Portfolio Quality
Summary Alpine Income Property Trust is a triple-net lease REIT with high-quality tenants and a focus on single-tenant properties, showing strong portfolio management and growth. The company achieved an 11% year-over-year increase in acquisitions with significant investments in high-quality properties, including a major lease with Lowe’s. The stock appears undervalued based on several valuation models, with a fair value estimate of $18.84, implying a 10.88% discount and a BUY rating. Despite some tenant risks and interest rate uncertainties, the strong balance sheet, dividend growth, and portfolio quality provide a sufficient margin of safety. Read the full article on Seeking AlphaSeeking Alpha • Nov 27
Alpine Income Property: Improved Portfolio Quality Results In Growth Potential
Summary Alpine Income Property trades at an attractive valuation while maintaining strong dividend support. PINE's portfolio improvements include reducing exposure to high-risk tenants like Walgreens and increasing occupancy to 99%. Q3 earnings showed strong financial performance with a 16.6% revenue increase and reduced operating expenses, driven by strategic tenant and investment management. Despite some tenant credit quality concerns, the Company's net lease structure and no debt maturities until 2026 provide a stable income stream and growth opportunities. PINE trades at a price-to-AFFO ratio that is significantly lower than peer REITs. As interest rates get cut, this could serve as a catalyst for growth going forward. Read the full article on Seeking AlphaSeeking Alpha • Oct 15
Undervalued High Yield: Buying 6.5% Quality Income With Alpine Income Property
Summary Alpine Income Property Trust, Inc. offers a well-covered 6.5% dividend yield, backed by a sub-70% payout ratio and a near-perfect 99% occupancy rate. Alpine's tenant base is strong, with 67% of rent from investment-grade tenants and long-term leases extending beyond 2032, ensuring stable cash flows. Despite elevated leverage at 7.4x EBITDA, PINE's liquidity, strategic asset locations, and growth opportunities mitigate financial risks. Trading discounted to historical P/AFFO and book value, PINE presents significant upside potential, making it a compelling addition to income-focused portfolios. Read the full article on Seeking AlphaSeeking Alpha • Aug 16
Alpine Income Property: Long-Term Momentum Likely
Summary Alpine Income Property Trust has shown significant momentum since our last coverage, beating its fiscal estimates and posting solid gains. A higher implied capitalization rate has emerged alongside acquisitions and dispositions. The REIT's portfolio quality and concentration risk are continuously improving, with a focus on investment-grade tenants and lease agreements. We think PINE's valuation outlook is positive, with its key metrics below its peer group. Although macroeconomic and leverage risk must be considered, we are positive about Alpine's outlook. Read the full article on Seeking AlphaSeeking Alpha • Jun 21
Alpine Income Property: Double Digit Upside But Tenant Portfolio Could Be Improved (Downgrade)
Summary Real estate has been heavily suppressed by interest rates. This has revealed which REITs are well-managed, like Alpine Income Property. PINE's price remains below pre-pandemic levels, but the 7% dividend yield offsets poor performance. PINE's portfolio has strong tenants but shows some vulnerability with its majority exposure to Walgreens. The dividend remains well-covered by FFO per share. The strong coverage can also indicate that future raises are a probability. Read the full article on Seeking AlphaSeeking Alpha • Jun 10
Neutral View On Alpine Income Property Trust As There Are Better Alternatives
Summary Alpine Income Property Trust's ability to grow through property acquisitions has been limited by current market conditions. PINE has some weaknesses such as an unfavorable debt maturity schedule, high tenant concentration, turbulence in the AFFO per share growth, and modest dividend growth. The above factors seem to be reflected in its seemingly low valuation multiple. There are better alternatives to PINE, even within the same property segment. However, the Company pays an attractive dividend with a reasonable payout ratio, which may be attractive to income-oriented investors. Read the full article on Seeking AlphaSeeking Alpha • Apr 02
Alpine Income Property Trust: This REIT Looks Buyable
Summary Alpine Income Property Trust is a small net lease REIT with an enterprise value under $500 million. PINE's portfolio consists of retail real estate, with almost two-thirds of rental revenue generated from investment-grade tenants. PINE faces challenges such as the departure of its Chief Financial Officer and a portfolio that is not as strong as its peers, but its low valuation makes it an attractive acquisition opportunity for larger REITs like Realty Income. Should PINE's multiple fail to expand, PINE's management team may choose to unlock value by inviting interest from an acquisitive competitor. We explore PINE and look at five competing net lease REITs. Read the full article on Seeking AlphaSeeking Alpha • Mar 16
Alpine Income Property Trust: Downgraded To Market Perform
Summary Salient data suggest that Alpine Income Property Trust, Inc. may face macro headwinds. However, Alpine's portfolio indicates that it is resilient enough to phase out many of the macro risks embedded in today's real estate market. Smart dispositions led to gains in Q4, and good reallocation communicates strategic prowess. Conflicting valuation and technical analysis data points make this a difficult REIT to price. However, Alpine's dividend profile saves the day. We maintain our positive outlook on Alpine but concede that interim market outperformance is unlikely. Read the full article on Seeking AlphaSeeking Alpha • Feb 14
Alpine Income Property: Earnings Came Mostly In Line While Valuation Remains Cheap
Summary Alpine Income Property Trust reported flat revenues and FFO in line with analyst estimates for Q4 and full year 2023. The guidance for 2024 also came in line with estimates. Rental revenue dropped 5% YoY while FFO was slightly higher year over year, even with rising operating costs. The company grew its assets, income and dividends strongly since its IPO in 2019, even though share price is down almost -20% during the same period. It trades at a cheaper valuation than its peers. This could be worth a look for specific types of investors who are looking for a high yield coupled with dividend growth. Read the full article on Seeking AlphaSeeking Alpha • Nov 24
Alpine Income Property Trust: I'd Rather Own It Through CTO
Summary PINE is a growth-focused triple-net retail REIT externally managed by CTO Realty Growth. A tenant bankruptcy and negative guidance revision are weighing on shares. While valuation is appealing on a standalone basis, CTO is the best way to gain exposure to PINE, while earning a higher yield. Read the full article on Seeking AlphaShareholder Returns
| PINE | US REITs | US Market | |
|---|---|---|---|
| 7D | 6.3% | 1.8% | -3.3% |
| 1Y | 30.1% | 8.7% | 22.3% |
Return vs Industry: PINE exceeded the US REITs industry which returned 8.7% over the past year.
Return vs Market: PINE exceeded the US Market which returned 22.3% over the past year.
Price Volatility
| PINE volatility | |
|---|---|
| PINE Average Weekly Movement | 3.4% |
| REITs Industry Average Movement | 3.3% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: PINE has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: PINE's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2019 | n/a | John Albright | www.alpinereit.com |
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 leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants. The Company also complements its income property portfolio by strategically investing in a select portfolio of commercial loan investments intended to deliver an attractive risk-adjusted return.
Alpine Income Property Trust, Inc. Fundamentals Summary
| PINE fundamental statistics | |
|---|---|
| Market cap | US$350.18m |
| Earnings (TTM) | -US$967.00k |
| Revenue (TTM) | US$64.73m |
5.2x
P/S Ratio-345.4x
P/E RatioIs PINE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| PINE income statement (TTM) | |
|---|---|
| Revenue | US$64.73m |
| Cost of Revenue | US$9.02m |
| Gross Profit | US$55.71m |
| Other Expenses | US$56.68m |
| Earnings | -US$967.00k |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.059 |
| Gross Margin | 86.06% |
| Net Profit Margin | -1.49% |
| Debt/Equity Ratio | 113.8% |
How did PINE perform over the long term?
See historical performance and comparisonDividends
5.9%
Current Dividend Yield60%
Payout RatioDoes PINE pay a reliable dividends?
See PINE dividend history and benchmarks| Alpine Income Property Trust dividend dates | |
|---|---|
| Ex Dividend Date | Jun 11 2026 |
| Dividend Pay Date | Jun 30 2026 |
| Days until Ex dividend | 0 days |
| Days until Dividend pay date | 19 days |
Does PINE pay a reliable dividends?
See PINE dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/10 02:45 |
| End of Day Share Price | 2026/06/10 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Alpine Income Property Trust, Inc. is covered by 15 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Gaurav Mehta | Alliance Global Partners |
| Wesley Golladay | Baird |
| Craig Kucera | B. Riley Securities, Inc. |