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Alpine Income Property Trust, Inc. logo

Alpine Income Property Trust, Inc.

PINE

NYSEReal EstateREIT - Retail

Open in GoAI

Previous close

$19.55

−$0.08 · -0.41%

Aug 21, 4:00 PM ET

PINE company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

85

Deep Value

Momentum

50

Neutral

Sentiment

61

Bullish

Risk resilience

74

Moderate Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

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. was incorporated in 2019 in Maryland, USA.

Industry
REIT - Retail
Sector
Real Estate
Headquarters
US
CEO
John Albright
Listed since
Nov 21, 2019
Employees
0

Market position

Day range

Current $19.55

52-week range

Current $19.55

Open
$19.695
Previous close
$19.63
Volume
82.66K
0.51× average
Average volume
161.42K
Average daily volume
Market cap
323.06M USD
Beta
0.58
Market reference 1
50-day average
$20.2142
-3.29% below average
200-day average
$18.7621
+4.20% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
629.16M USD
P/E (TTM)
90.55×
P/B (TTM)
0.99×
P/S (TTM)
4.62×
EV / EBITDA
15.43×
Earnings yield
-1.11%
Free cash flow yield
-34.56%
Dividend yield
5.98%

Profitability & efficiency

Gross margin
62.60%
Operating margin
35.43%
Net margin
7.66%
Return on equity
-0.95%
Return on assets
-0.37%
Return on invested capital
46.45%

Financial health

Debt / equity
1.1×
Current ratio
0.33×
Altman Z-score
0.56
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends107%64%21%-22%Gross margin, FY2021: 77.25%Gross margin, FY2022: 79.50%Gross margin, FY2023: 84.93%Gross margin, FY2024: 76.96%Gross margin, FY2025: -10.92%Operating margin, FY2021: 50.33%Operating margin, FY2022: 96.22%Operating margin, FY2023: 28.79%Operating margin, FY2024: 26.83%Operating margin, FY2025: 30.54%Net margin, FY2021: 33.07%Net margin, FY2022: 65.77%Net margin, FY2023: 6.39%Net margin, FY2024: 3.96%Net margin, FY2025: -4.39%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 77.25%. Gross margin FY2022 79.50%. Gross margin FY2023 84.93%. Gross margin FY2024 76.96%. Gross margin FY2025 -10.92%. Operating margin FY2021 50.33%. Operating margin FY2022 96.22%. Operating margin FY2023 28.79%. Operating margin FY2024 26.83%. Operating margin FY2025 30.54%. Net margin FY2021 33.07%. Net margin FY2022 65.77%. Net margin FY2023 6.39%. Net margin FY2024 3.96%. Net margin FY2025 -4.39%.

Income trends

Revenue

60.53M USD+15.90%

Operating income

18.48M USD+31.89%

Net income

−2.66M USD−4.72M USD
Income trends across reported periods66.85M USD41.58M USD16.3M USD−8.98M USDRevenue, FY2021: 30.13M USDRevenue, FY2022: 45.19M USDRevenue, FY2023: 45.64M USDRevenue, FY2024: 52.23M USDRevenue, FY2025: 60.53M USDOperating income, FY2021: 15.16M USDOperating income, FY2022: 43.48M USDOperating income, FY2023: 13.14M USDOperating income, FY2024: 14.02M USDOperating income, FY2025: 18.48M USDNet income, FY2021: 9.96M USDNet income, FY2022: 29.72M USDNet income, FY2023: 2.92M USDNet income, FY2024: 2.07M USDNet income, FY2025: −2.66M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 30.13M USD. Revenue FY2022 45.19M USD. Revenue FY2023 45.64M USD. Revenue FY2024 52.23M USD. Revenue FY2025 60.53M USD. Operating income FY2021 15.16M USD. Operating income FY2022 43.48M USD. Operating income FY2023 13.14M USD. Operating income FY2024 14.02M USD. Operating income FY2025 18.48M USD. Net income FY2021 9.96M USD. Net income FY2022 29.72M USD. Net income FY2023 2.92M USD. Net income FY2024 2.07M USD. Net income FY2025 −2.66M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue60.53M USD52.23M USD45.64M USD45.19M USD30.13M USD
Cost of goods sold67.14M USD12.03M USD6.88M USD9.26M USD6.86M USD
Gross profit−6.61M USD40.19M USD38.76M USD35.93M USD23.27M USD
Selling, general, and administrative6.71M USD2.33M USD6.3M USD1.96M USD1.85M USD
Operating expenses−25.09M USD26.18M USD25.62M USD−7.55M USD8.11M USD
Interest income11.35M USD5.76M USD637K USD——
Interest expense16.27M USD12.01M USD10.17M USD9.54M USD3.7M USD
Depreciation and amortization27.38M USD25.59M USD25.76M USD23.56M USD15.94M USD
Operating income18.48M USD14.02M USD13.14M USD43.48M USD15.16M USD
Net income−2.66M USD2.07M USD2.92M USD29.72M USD9.96M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
+34.17%
11 comparable reports
Latest EPS result
0.16
Estimate 0.14 · Beat by 15.69%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.50.280.05-0.17Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual -0.06, estimate 0.04, surprise -250.00%, Miss. Q2 2025, reported Apr 24, 2025: actual -0.08, estimate 0.43, surprise -118.60%, Miss. Q3 2025, reported Jul 24, 2025: actual -0.12, estimate 0.45, surprise -126.67%, Miss. Q4 2025, reported Oct 23, 2025: actual -0.09, estimate 0.43, surprise -120.93%, Miss. Q1 2026, reported Feb 5, 2026: actual 0.06, estimate 0.065, surprise -7.69%, Miss. Q2 2026, reported Apr 23, 2026: actual 0.06, estimate 0.105, surprise -42.86%, Miss. Q3 2026, reported Jul 23, 2026: actual 0.16, estimate 0.138, surprise +15.69%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.167, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates20.99M18.13M15.26M12.4MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 13.79M USD, estimate 13.21M USD, surprise +4.40%, Beat. Q2 2025, reported Apr 24, 2025: actual 14.21M USD, estimate 13.93M USD, surprise +1.98%, Beat. Q3 2025, reported Jul 24, 2025: actual 14.86M USD, estimate 14.78M USD, surprise +0.55%, Beat. Q4 2025, reported Oct 23, 2025: actual 14.56M USD, estimate 15.28M USD, surprise -4.72%, Miss. Q1 2026, reported Feb 5, 2026: actual 16.9M USD, estimate 15.62M USD, surprise +8.17%, Beat. Q2 2026, reported Apr 23, 2026: actual 18.41M USD, estimate 17.39M USD, surprise +5.84%, Beat. Q3 2026, reported Jul 23, 2026: actual 20M USD, estimate 18.85M USD, surprise +6.11%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 20.18M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$21.17

8.29% upside
Past 12 months12-month forecastHigh $22.50Average $21.17Low $19.50

Rating distribution

12 ratings
Strong buy00%
Buy975%
Hold325%
Sell00%
Strong sell00%

Recent analyst actions

10 institutions
Alliance Global PartnersmaintainBuy
B. Riley SecuritiesmaintainBuy

PINE news

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Alpine Income Property Trust: This High-Yield REIT Looks Expensive - Until You Look Closer

Alpine Income Property Trust remains rated Strong Buy, with both common and preferred shares offering compelling income and portfolio diversification opportunities. PINE delivered a robust quarter with AFFO per share up…

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REIT Rally: 3 Strong Buys With Average 1-Year Return Above 50%

REITs have rallied in 2026 as strong fundamentals and growth continue to trump concerns over shifting interest rate expectations and market volatility. Investors have increasingly refocused on REIT property fundamentals,…

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zacks.com

All You Need to Know About Alpine Income (PINE) Rating Upgrade to Buy

Alpine Income (PINE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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zacks.com

PINE vs. EGP: Which Stock Is the Better Value Option?

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defenseworld.net

Alpine Income Property Trust Q2 Earnings Call Highlights

Alpine Income Property Trust (NYSE: PINE) reported second-quarter 2026 funds from operations and adjusted funds from operations growth of about 30% and 32%, respectively, as investment activity expanded its property and…

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Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$1.14

2025 complete year+12.3% since 2021

2026 partial: $0.60

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 10, 2026

$0.32

Quarterly

Record Sep 10, 2026 · Payment Sep 30, 2026

Dividend

Ex-dividend Jun 11, 2026

$0.30

Quarterly

Record Jun 11, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Mar 12, 2026

$0.30

Quarterly

Record Mar 12, 2026 · Payment Mar 31, 2026

Dividend

Ex-dividend Dec 11, 2025

$0.285

Quarterly

Record Dec 11, 2025 · Payment Dec 31, 2025

Dividend

Ex-dividend Sep 11, 2025

$0.285

Quarterly

Record Sep 11, 2025 · Payment Sep 30, 2025

Dividend

Ex-dividend Jun 12, 2025

$0.285

Quarterly

Record Jun 12, 2025 · Payment Jun 30, 2025

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ETFs holding PINE

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
9.91M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Invesco KBW Premium Yield Equity REIT ETF logoInvesco KBW Premium Yield Equity REIT ETFKBWY
Market value
9.55M
Weight
3.04%
AUM
314.76M USD
Expense ratio
0.35%
Price / 1D
$18.28-0.19%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
7.68M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
3.35M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
2.84M
Weight
0.02%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
1.76M
Weight
0.01%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
Hoya Capital High Dividend Yield ETF logoHoya Capital High Dividend Yield ETFRIET
Market value
1.36M
Weight
1.23%
AUM
108.6M USD
Expense ratio
0.50%
Price / 1D
$9.48-0.42%
iShares Core U.S. REIT ETF logoiShares Core U.S. REIT ETFUSRT
Market value
1.16M
Weight
0.02%
AUM
4.66B USD
Expense ratio
0.08%
Price / 1D
$67.12-0.10%

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