Alpine Income Property Trust, Inc.

NYSE:PINE Stock Report

Market Cap: US$320.4m

Alpine Income Property Trust Valuation

Is PINE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of PINE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: PINE ($19.51) is trading below our estimate of future cash flow value ($49.52)

Significantly Below Future Cash Flow Value: PINE is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PINE?

Key metric: As PINE is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PINE. This is calculated by dividing PINE's market cap by their current revenue.
What is PINE's PS Ratio?
PS Ratio4.9x
SalesUS$60.53m
Market CapUS$320.38m

Price to Sales Ratio vs Peers

How does PINE's PS Ratio compare to its peers?

The above table shows the PS ratio for PINE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.3x
NXDT NexPoint Diversified Real Estate Trust
2.5xn/aUS$233.8m
MDV Modiv Industrial
3.2x1.20%US$181.6m
GOOD Gladstone Commercial
3.6x2.99%US$558.0m
CTO CTO Realty Growth
4x5.92%US$601.8m
PINE Alpine Income Property Trust
4.9x6.86%US$320.4m

Price-To-Sales vs Peers: PINE is expensive based on its Price-To-Sales Ratio (4.9x) compared to the peer average (2.9x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does PINE's PS Ratio compare vs other companies in the US REITs Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
BSTT Blackstone Real Estate Income Trust
0.06xn/aUS$527.97m
MKZR MacKenzie Realty Capital
0.3xn/aUS$7.16m
GIPR Generation Income Properties
0.3x-0.065%US$3.43m
SQFT Presidio Property Trust
0.2xn/aUS$2.87m
No more companies available in this PS range
PINE 4.9xIndustry Avg. 2.8xNo. of Companies4PS0246810+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PINE is expensive based on its Price-To-Sales Ratio (4.9x) compared to the US REITs industry average (2.8x).

Price to Sales Ratio vs Fair Ratio

What is PINE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PINE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.9x
Fair PS Ratio4.5x

Price-To-Sales vs Fair Ratio: PINE is expensive based on its Price-To-Sales Ratio (4.9x) compared to the estimated Fair Price-To-Sales Ratio (4.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PINE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$19.51
US$19.95
+2.28%
8.17%US$22.00US$17.00n/a11
Feb ’27US$17.62
US$18.15
+3.01%
5.23%US$19.00US$16.00n/a10
Jan ’27US$16.72
US$18.09
+8.20%
5.38%US$19.00US$16.00n/a11
Dec ’26US$17.11
US$18.09
+5.73%
5.38%US$19.00US$16.00n/a11
Nov ’26US$14.68
US$17.45
+18.90%
7.77%US$19.00US$15.00n/a11
Oct ’26US$14.22
US$17.77
+24.98%
6.28%US$19.00US$15.00n/a11
Sep ’26US$15.27
US$17.77
+16.39%
6.28%US$19.00US$15.00n/a11
Aug ’26US$14.13
US$17.77
+25.78%
6.28%US$19.00US$15.00n/a11
Jul ’26US$14.64
US$18.56
+26.79%
5.87%US$20.00US$16.00n/a12
Jun ’26US$15.32
US$18.56
+21.17%
5.87%US$20.00US$16.00n/a12
May ’26US$15.42
US$18.65
+20.92%
4.91%US$20.00US$17.00n/a12
Apr ’26US$17.13
US$19.04
+11.16%
6.73%US$22.00US$17.00n/a12
Mar ’26US$16.58
US$19.21
+15.85%
5.86%US$22.00US$17.00n/a12
Feb ’26US$16.86
US$19.67
+16.65%
7.51%US$22.00US$17.00US$17.6212
Jan ’26US$16.79
US$19.94
+18.75%
6.31%US$22.00US$18.00US$16.7212
Dec ’25US$17.89
US$19.94
+11.44%
6.31%US$22.00US$18.00US$17.1112
Nov ’25US$17.66
US$19.85
+12.42%
6.14%US$22.00US$18.00US$14.6812
Oct ’25US$18.05
US$19.18
+6.23%
3.78%US$20.00US$18.00US$14.2210
Sep ’25US$19.04
US$19.10
+0.32%
3.66%US$20.00US$18.00US$15.2710
Aug ’25US$17.17
US$18.90
+10.08%
3.70%US$20.00US$18.00US$14.1310
Jul ’25US$15.40
US$18.25
+18.51%
5.09%US$19.50US$16.00US$14.6410
Jun ’25US$15.68
US$18.33
+16.87%
5.11%US$19.50US$16.00US$15.3210
May ’25US$14.93
US$18.43
+23.41%
5.15%US$19.50US$16.00US$15.4210
Apr ’25US$15.50
US$18.94
+22.22%
9.18%US$23.00US$16.00US$17.139
Mar ’25US$15.42
US$18.94
+22.86%
9.18%US$23.00US$16.00US$16.589
Feb ’25US$15.66
US$19.06
+21.73%
9.50%US$23.00US$16.00US$16.868
US$19.95
Fair Value
2.2% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/09 18:26
End of Day Share Price 2026/02/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 16 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gaurav MehtaAlliance Global Partners
Wesley GolladayBaird
Robert StevensonBrean Capital (formerly Janney Montgomery)