Alpine Income Property Trust, Inc. (PINE) AI Stock Analysis

Alpine Income Property Trust, Inc. operates as a real estate investment trust specializing in a diversified portfolio of commercial net lease properties. Established in 2019, the Maryland corporation is externally managed by Alpine Income Property Manager, LLC, a wholly owned subsidiary of CTO Realty Growth, Inc. Under its net lease structure, tenants generally assume responsibility for property expenses such as taxes, insurance, and maintenance. This model allows the company to secure predictable cash flows while mitigating operational risk across a diverse range of commercial sectors.

Annual revenue rose from $30.1M in FY2021 to $45.2M in FY2022, $45.6M in FY2023, $52.2M in FY2024, and reached $60.5M in FY2025, reflecting a 5-year revenue CAGR of 25.8%. Operating margin stood at 50.3% in FY2021, reached 96.2% in FY2022, and was 30.5% in FY2025. Net income moved from $10.0M in FY2021 and $29.7M in FY2022 to -$2.7M in FY2025, resulting in diluted EPS of -$0.39. In the latest quarter ended June 30, 2026, quarterly revenue increased 34.6% year-over-year while quarterly earnings grew 75.7%, bringing trailing twelve month revenue to $69.9M and EPS to $0.21.

As of June 30, 2026, Alpine Income Property Trust held $2.8M in cash and short-term investments against total debt of $372.3M, leaving net debt at $369.5M. Total assets reached $781.5M compared to shareholders' equity of $337.3M, resulting in a debt-to-equity ratio of 1.10 and a current ratio of 0.82. During FY2025, the company generated $25.8M in operating cash flow, recorded free cash flow of -$82.8M, spent $108.5M on capital expenditures, repurchased $8.8M in shares, and paid $18.3M in dividends.

At a closing price of $17.93 on October 16, 2026, Alpine Income Property Trust trades at a trailing P/E of 85.4x and a forward P/E of 91.7x, higher than the median of its US-listed Real Estate peers at 21.6x and 23.5x. Its price-to-sales multiple of 4.9x stands above the peer median of 3.7x, while its EV-to-EBITDA ratio of 13.2x sits below the peer median of 14.7x. Over the past year, the stock returned 38.5% compared to 16.8% for the S&P 500 (SPY), though its 5-year return of 32.8% trails the SPY gain of 83.0%.

Alpine Income Property Trust pays a quarterly dividend with an annualized forward rate of $1.21, translating to a dividend yield of 6.72%. The trust has paid dividends for 8 consecutive years and generated an annualized 5-year dividend growth rate of 6.8%. Its payout ratio is 2.1%, and its most recent ex-dividend date was September 10, 2026.

Wall Street analysts cover PINE with 6 Strong Buy, 2 Buy, and 3 Hold ratings, and no Sell or Strong Sell ratings. The mean price target is $21.48, representing an upside of 19.8% relative to the last close of $17.93. Consensus estimates project revenue of $78.9M and EPS of $0.54 for the fiscal year ending December 31, 2026. The trust beat EPS estimates in 1 of the last 4 quarters, with next earnings scheduled for October 22, 2026.

This page is an AI-written research summary of Alpine Income Property Trust, Inc. (PINE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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