Alpine Income Property Trust, Inc. (PINE) Key Metrics
PINE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $343.5M
- Enterprise value
- $669.8M
- P/E (TTM)
- 85.4 10-yr median 106.4
- Forward P/E
- 91.7
- PEG ratio
- —
- Price / sales
- 4.9 10-yr median 5.8
- Price / book
- 0.9 10-yr median 1.0
- EV / EBITDA
- 13.2 10-yr median 15.9
- Dividend yield
- 6.32% $1.21 a year
- Beta
- 0.59
PINE key metrics, 2017–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPINE valuation Price multiples at each fiscal year-end price.
PINE returns How much profit the business earns on the capital it uses.
PINE per-share figures Results divided by the shares outstanding at year-end.
PINE financial health Debt, liquidity and how easily interest is covered.
PINE efficiency & capital use Working capital cycle and where the cash goes.
PINE valuation history
PINE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PINE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PINE cash returned to shareholders
PINE price vs earnings per share
PINE key metrics
2017–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Valuation | |||||||||
| Market capitalization | $260.0M | $253.2M | $263.1M | $261.0M | $225.4M | $132.1M | $150.4M | — | — |
| Enterprise value | $649.6M | $561.1M | $530.2M | $525.8M | $489.7M | $239.7M | $140.0M | — | — |
| P/E ratio | — | 122.6 | 90.2 | 8.8 | 22.6 | 134.1 | 198.0 | — | — |
| Price / sales | 4.3 | 4.8 | 5.8 | 5.8 | 7.5 | 6.9 | 10.8 | — | — |
| Price / book | 0.9 | 1.0 | 1.0 | 1.0 | 1.0 | 0.9 | 0.9 | — | — |
| Price / free cash flow | — | 9.9 | — | — | 13.1 | 14.1 | 18.1 | — | — |
| Price / operating cash flow | 10.1 | 9.9 | 10.3 | 10.6 | 13.1 | 14.1 | 18.1 | — | — |
| EV / sales | 10.7 | 10.7 | 11.6 | 11.6 | 16.3 | 12.5 | 10.0 | — | — |
| EV / EBITDA | 15.9 | 14.3 | 13.8 | 8.0 | 16.1 | 19.7 | 184.3 | — | — |
| EV / free cash flow | — | 21.9 | — | — | 28.5 | 25.5 | 16.8 | — | — |
| Earnings yield | −1.0% | 0.8% | 1.1% | 11.4% | 4.4% | 0.7% | 0.5% | — | — |
| Free cash flow yield | −31.8% | 10.1% | −22.4% | −63.0% | 7.6% | 7.1% | 5.5% | — | — |
| Dividend yield | 7.0% | 6.6% | 5.8% | 5.8% | 5.4% | 5.5% | 0.4% | — | — |
| Shareholder yield (dividends + buybacks) | 10.4% | 6.9% | 11.4% | 5.9% | 5.4% | 9.2% | 0.4% | — | — |
| Share price at fiscal year-end | $16.72 | $16.79 | $16.91 | $19.08 | $20.04 | $14.99 | $19.03 | — | — |
| Per share | |||||||||
| Revenue per share | $3.89 | $3.46 | $2.93 | $3.30 | $2.68 | $2.18 | $1.77 | $1.28 | $0.93 |
| Earnings per share | −$0.17 | $0.14 | $0.19 | $2.17 | $0.89 | $0.11 | $0.10 | $0.44 | $0.31 |
| Operating cash flow per share | $1.66 | $1.70 | $1.64 | $1.80 | $1.53 | $1.07 | $1.05 | $0.62 | $0.58 |
| Free cash flow per share | −$5.32 | $1.70 | −$3.78 | −$12.03 | $1.53 | $1.07 | $1.05 | $0.62 | $0.58 |
| Cash per share | $0.30 | $0.10 | $0.96 | $0.66 | $0.79 | $0.21 | $1.56 | $0.00 | $0.00 |
| Book value per share | $18.00 | $16.78 | $16.11 | $19.12 | $20.26 | $16.92 | $20.34 | $13.61 | $13.19 |
| Tangible book value per share | $14.85 | $13.86 | $12.95 | $14.71 | $15.03 | $12.73 | $17.51 | $12.45 | $11.92 |
| Dividends per share | $1.18 | $1.11 | $0.98 | $1.11 | $1.08 | $0.82 | $0.07 | $0.05 | $0.05 |
| Capex per share | $6.98 | $4.94 | $5.43 | $13.83 | $19.87 | $13.48 | $19.35 | $0.57 | $6.51 |
| Debt per share | $25.35 | $20.52 | $18.13 | $20.02 | $24.29 | $12.42 | $0.24 | $0.19 | $0.19 |
| Shares outstanding | 15.6M | 15.1M | 15.6M | 13.7M | 11.2M | 8.8M | 7.9M | 9.1M | 9.1M |
| Change in shares outstanding | +3.1% | −3.1% | +13.8% | +21.6% | +27.6% | +11.5% | −13.4% | 0.0% | — |
| Returns & profitability | |||||||||
| Return on equity (ROE) | −1.0% | 0.8% | 1.1% | 12.1% | 5.3% | 0.6% | 0.5% | 3.3% | 2.3% |
| Return on invested capital (ROIC) | 2.4% | 2.6% | 1.3% | 5.1% | 2.2% | 0.6% | 0.6% | 3.1% | 2.4% |
| Return on assets (ROA) | −0.4% | 0.4% | 0.5% | 5.5% | 2.6% | 0.5% | 0.5% | 3.2% | 2.2% |
| Return on tangible assets | −0.4% | 0.4% | 0.6% | 5.8% | 2.2% | 0.4% | 0.5% | 3.5% | 2.5% |
| Free cash flow margin | −136.8% | 49.0% | −129.0% | −364.0% | 57.1% | 48.8% | 59.5% | 48.0% | 62.5% |
| Income quality (OCF / net income) | — | 12.39 | 8.77 | 0.83 | 1.73 | 9.54 | 10.95 | 1.40 | 1.88 |
| Financial health | |||||||||
| Total debt | $394.2M | $309.5M | $282.0M | $273.8M | $273.2M | $109.5M | $1.9M | $1.7M | $1.8M |
| Cash & short-term investments | $4.6M | $1.6M | $15.0M | $9.0M | $8.9M | $1.9M | $12.3M | $8,258 | $6,900 |
| Net debt | $389.6M | $307.9M | $267.1M | $264.8M | $264.4M | $107.6M | −$10.4M | $1.7M | $1.8M |
| Debt / equity | 1.41 | 1.22 | 1.12 | 1.05 | 1.20 | 0.73 | 0.01 | 0.01 | 0.01 |
| Debt / assets | 0.55 | 0.51 | 0.50 | 0.48 | 0.54 | 0.42 | 0.01 | 0.01 | 0.01 |
| Net debt / EBITDA | 9.56 | 7.87 | 6.94 | 4.00 | 8.67 | 8.84 | −13.74 | 0.20 | 0.29 |
| Current ratio | 0.33 | 14.87 | 10.31 | 3.71 | 2.16 | 0.62 | 7.92 | 0.01 | 0.00 |
| Quick ratio | 0.33 | 14.87 | 10.44 | 7.34 | 2.64 | −0.67 | 7.92 | 0.01 | 0.00 |
| Interest coverage | 1.1 | 1.2 | 1.3 | 4.6 | 4.1 | 1.8 | 18.4 | — | 10.8 |
| Working capital | −$9.4M | $95.5M | $62.4M | $10.9M | $5.1M | −$1.1M | $10.8M | −$643,557 | −$3.8M |
| Invested capital | $669.5M | $560.9M | $517.8M | $526.4M | $492.3M | $256.7M | $150.3M | $125.9M | $122.1M |
| Tangible asset value | $252.3M | $232.6M | $226.3M | $234.9M | $169.1M | $112.2M | $138.3M | $113.6M | $108.8M |
| Net current asset value | −$410.0M | −$226.1M | −$219.9M | −$263.1M | −$268.1M | −$110.6M | $8.9M | −$2.4M | −$5.6M |
| Graham number | — | $7.19 | $8.24 | $30.58 | $20.10 | $6.52 | $6.63 | $11.61 | $9.56 |
| Graham net-net per share | −$26.22 | −$17.14 | −$17.53 | −$20.14 | −$23.90 | −$12.30 | $1.13 | −$0.14 | −$0.53 |
| Capital allocation | |||||||||
| Dividends paid | $18.3M | $16.8M | $15.3M | $15.1M | $12.2M | $7.2M | $529,342 | $458,358 | $459,000 |
| Share buybacks (net) | $8.8M | $775,000 | $14.6M | $365,000 | $0 | $5.0M | $0 | — | — |
| Dividend payout ratio | — | 812.5% | 525.1% | 50.9% | 122.1% | 731.3% | 69.7% | 11.4% | 16.3% |
| Dividends + buybacks / free cash flow | — | 68.6% | — | — | 70.7% | 130.1% | 6.4% | 8.1% | 8.7% |
| Capex / revenue | 179.3% | 142.7% | 185.1% | 418.6% | 741.6% | 617.2% | 1,095.1% | 44.3% | 702.6% |
| Capex / operating cash flow | 421.5% | 291.0% | 330.3% | 767.3% | 1,298.9% | 1,264.7% | 1,839.5% | 92.2% | 1,124.9% |
| Capex / depreciation | 3.96 | 2.91 | 3.28 | 8.14 | 14.25 | 12.07 | 26.26 | 1.11 | 20.55 |
| Stock-based compensation / revenue | 0.6% | 0.5% | 0.7% | 0.7% | 1.0% | 1.4% | 3.7% | 2.0% | 1.6% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 11.1% | 12.6% | 13.8% | 4.3% | 6.1% | 24.2% | 14.5% | 10.1% | 9.8% |
| Efficiency | |||||||||
| Days sales outstanding | 283.8 | 326.2 | 13.6 | 10.2 | 9.9 | 3.3 | 20.3 | 39.2 | 44.6 |
| Days of inventory on hand | — | — | -412.0 | -329.6 | 49.1 | 310.4 | 0.0 | 0.0 | — |
| Days payables outstanding | 0.1 | 1.1 | 1.2 | 46.9 | 115.7 | 272.3 | 139.3 | 399.9 | 861.0 |
| Cash conversion cycle (days) | 283.7 | 325.2 | -399.6 | -366.3 | -56.8 | 41.4 | -119.0 | -360.6 | -816.4 |
| Receivables turnover | 1.29 | 1.12 | 26.93 | 35.94 | 37.06 | 109.67 | 17.97 | 9.30 | 8.19 |
| Payables turnover | 2,740.49 | 343.83 | 292.77 | 7.78 | 3.15 | 1.34 | 2.62 | 0.91 | 0.42 |
| Inventory turnover | — | — | — | — | — | 1.18 | 2,037,080.00 | 3,239,046.00 | — |
| Asset turnover | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 | 0.10 | 0.09 | 0.07 |
| Average receivables | $47.1M | $46.7M | $1.7M | $1.3M | $813,000 | $175,508 | $777,124 | $1.3M | $1.0M |
| Average payables | $24,500 | $35,000 | $23,500 | $1.2M | $2.2M | $1.7M | $777,657 | $1.8M | $3.5M |
| Average inventory | — | — | −$7.8M | −$8.4M | $922,000 | $2.0M | $1 | $0 | $0 |
| Intangibles / total assets | 6.8% | 7.3% | 8.7% | 10.5% | 11.6% | 14.1% | 13.6% | 8.3% | 9.2% |
Computed from PINE's annual financial statements (latest annual report filed February 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
PINE valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 85.4 and the forward P/E is 91.7. Alpine Income Property earned a return on equity of −1.0% and a return on invested capital of 2.4% in fiscal 2025. It ended the year with $394.2 million of debt and $4.6 million in cash and short-term investments, net debt of $389.6 million. It returned $27.1 million to shareholders: $18.3 million in dividends and $8.8 million in share buybacks. The share count rose 70.4% from 9.1M to 15.6M over 8 years.
See the PINE income statement, the PINE chart for price history, or the PINE stock overview for the latest quote and news.
PINE key metrics FAQ
What is Alpine Income Property's P/E ratio?
Alpine Income Property's trailing P/E ratio is 85.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 91.7. At the end of fiscal 2025 it was —, compared with a 9-year median of 106.4.
What is Alpine Income Property's EV/EBITDA?
Alpine Income Property's enterprise value was 15.9 times EBITDA at the end of fiscal 2025 (enterprise value $649.6 million, EBITDA $40.8 million); the current EV/EBITDA is 13.2.
What is Alpine Income Property's return on equity?
Alpine Income Property's return on equity (ROE) was −1.0% in fiscal 2025: net income of -$2.7 million on average shareholders' equity of $266.5 million.
What is Alpine Income Property's ROIC?
Alpine Income Property's return on invested capital was 2.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Alpine Income Property have?
Alpine Income Property had total debt of $394.2 million at the end of fiscal 2025, a debt-to-equity ratio of 1.41 and $389.6 million of net debt (9.56 times EBITDA).
What is Alpine Income Property's dividend yield?
Alpine Income Property's forward dividend yield is 6.32%. Alpine Income Property paid $18.3 million in dividends in fiscal 2025 ($1.18 per share), a payout ratio of —.
Does Alpine Income Property buy back its shares?
Yes. Alpine Income Property spent $8.8 million on net share repurchases in fiscal 2025 Shares outstanding changed +3.1% over the year, to 15.6M..
What is Alpine Income Property's free cash flow yield?
Alpine Income Property generated -$82.8 million of free cash flow in fiscal 2025, a free cash flow yield of −31.8% on its market value at year-end ($260.0 million).
What is Alpine Income Property's current ratio?
Alpine Income Property's current ratio was 0.33 at the end of fiscal 2025: current assets were 0.33 times current liabilities.