Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT - About
PINE 
Alpine Income Property Trust Inc (PINE)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/28/2025: PINE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
12 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $17.77
1 Year Target Price $17.77
| 8 | Strong Buy |
| 2 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -2.41% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 233.96M USD | Price to earnings Ratio - | 1Y Target Price 17.77 |
Price to earnings Ratio - | 1Y Target Price 17.77 | ||
Volume (30-day avg) 12 | Beta 0.65 | 52 Weeks Range 13.95 - 18.15 | Updated Date 08/28/2025 |
52 Weeks Range 13.95 - 18.15 | Updated Date 08/28/2025 | ||
Dividends yield (FY) 7.43% | Basic EPS (TTM) -0.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -1.24% | Operating Margin (TTM) 29.31% |
Management Effectiveness
Return on Assets (TTM) 1.45% | Return on Equity (TTM) -0.29% |
Valuation
Trailing PE - | Forward PE 91.74 | Enterprise Value 570181069 | Price to Sales(TTM) 4.15 |
Enterprise Value 570181069 | Price to Sales(TTM) 4.15 | ||
Enterprise Value to Revenue 10.12 | Enterprise Value to EBITDA 14.43 | Shares Outstanding 14158200 | Shares Floating 12776492 |
Shares Outstanding 14158200 | Shares Floating 12776492 | ||
Percent Insiders 9 | Percent Institutions 68.92 |
Upturn AI SWOT
Alpine Income Property Trust Inc
Company Overview
History and Background
Alpine Income Property Trust Inc. (PINE) was founded in 2019 as a spin-off from CTO Realty Growth. It focuses on owning and acquiring net lease retail properties across the United States.
Core Business Areas
- Net Lease Retail Properties: Acquiring, owning, and operating a portfolio of single-tenant net lease retail properties. Leases typically require tenants to pay property taxes, insurance, and maintenance expenses.
Leadership and Structure
Daniel Lee is the CEO. The company operates with a board of directors overseeing its strategic direction and management team.
Top Products and Market Share
Key Offerings
- Net Lease Properties: Alpine owns a portfolio of net lease retail properties located across the US. They are a publicly traded REIT. Competitors include other REITs focused on net lease properties like Realty Income (O), National Retail Properties (NNN) and Agree Realty (ADC). Market share information is fragmented across many REITs; PINE's relative market share compared to the total addressable market is small. No specific market share in numbers.
Market Dynamics
Industry Overview
The net lease retail REIT industry is characterized by stable income streams from long-term leases. Rising interest rates and economic uncertainty can impact property valuations and acquisition costs. Strong retail sales numbers help the market.
Positioning
Alpine focuses on high-quality, single-tenant retail properties leased to creditworthy tenants. Its smaller size compared to industry giants can provide agility in acquisitions. PINE's is in the lower end of the market in terms of size as ADC, NNN and O are several times larger.
Total Addressable Market (TAM)
The TAM for net lease retail properties is substantial, estimated to be in the trillions of dollars across the U.S. Alpine is positioned to capture a small but growing share through strategic acquisitions and portfolio management.
Upturn SWOT Analysis
Strengths
- Diversified tenant base
- Long-term net leases
- Focus on creditworthy tenants
- Experienced management team
- Relatively high dividend yield
Weaknesses
- Smaller size compared to larger REITs
- Sensitivity to interest rate changes
- Reliance on a limited number of property types (retail)
- External management structure (historically, though internalized in recent years)
Opportunities
- Acquisitions of attractive net lease properties
- Expansion into new geographic markets
- Capitalizing on distressed retail assets
- Organic growth from existing portfolio
Threats
- Economic downturn impacting tenant financial health
- Rising interest rates increasing borrowing costs
- Increased competition for acquisitions
- Changes in consumer spending habits
Competitors and Market Share
Key Competitors
- Realty Income Corp (O)
- National Retail Properties (NNN)
- Agree Realty Corp (ADC)
Competitive Landscape
Alpine is a smaller player in the net lease REIT space compared to O, NNN, and ADC. PINE aims to differentiate itself through acquisitions and portfolio management strategies to get an edge over the larger players. Each of these REITs have diversification by geographical region as well as tenant.
Major Acquisitions
No recent significant acquisitions
- Year: 2024
- Acquisition Price (USD millions): 0
- Strategic Rationale: The company is relatively new to the market. Most acquisitions are small to mid-sized and folded into the portfolio.
Growth Trajectory and Initiatives
Historical Growth: PINE has grown through acquisitions and organic rent increases. Growth has been reliant on economic condition that provide more retail sales.
Future Projections: Analyst projections depend on general economic trends and acquisition strategy, as well as maintaining a high occupancy rate. Projections vary, but anticipate continued growth.
Recent Initiatives: Recent initiatives include strategic property acquisitions and portfolio optimization. PINE has also been active in managing its debt profile.
Summary
Alpine Income Property Trust Inc. is a smaller net lease REIT that focuses on single-tenant retail properties. It has a relatively high dividend yield. The company's growth relies on strategic acquisitions and maintaining a high occupancy rate. Rising interest rates and economic uncertainty could pose challenges. It is still a young company which is trying to find its footing in the REIT sector and compete versus other well-established competitors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share estimates are approximate and based on available data.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Alpine Income Property Trust Inc
Exchange NYSE | Headquaters Winter Park, FL, United States | ||
IPO Launch date 2019-11-22 | President, CEO & Director Mr. John P. Albright | ||
Sector Real Estate | Industry REIT - Retail | Full time employees - | Website https://www.alpinereit.com |
Full time employees - | Website https://www.alpinereit.com | ||
Alpine Income Property Trust, Inc. (the "Company" or "PINE") is a real estate investment trust ("REIT") that owns and operates a high-quality portfolio of commercial net lease properties. The terms "us," "we," "our," and "the Company" as used in this report refer to Alpine Income Property Trust, Inc. together with our consolidated subsidiaries. Our income property portfolio consists of 134 net leased properties located in 35 states. The properties in our portfolio are primarily subject to long-term, net leases, which generally require the tenant to pay directly or reimburse us for property operating expenses such as real estate taxes, insurance, assessments and other governmental fees, utilities, repairs and maintenance and certain capital expenditures. The Company may also acquire or originate commercial loans and investments. Our investments in commercial loans are generally secured by real estate or the borrower's pledge of its ownership interest in an entity that owns real estate. As more fully described in Note 4, "Commercial Loans and Investments," the three Tampa Properties (defined in Note 4 below), which were purchased during the year ended December 31, 2024 through a sale-leaseback transaction that includes a tenant repurchase option are, for GAAP purposes, accounted for as a financing arrangement. However, as the Tampa Properties constitute real estate assets for both legal and tax purposes, we include the Tampa Properties in the property portfolio when describing our property portfolio and for purposes of providing statistics related thereto. The Company operates in two primary business segments: income properties and commercial loans and investments. The Company has no employees and is externally managed by Alpine Income Property Manager, LLC, a Delaware limited liability company and a wholly owned subsidiary of CTO Realty Growth, Inc. (our "Manager"). CTO Realty Growth, Inc. (NYSE: CTO) is a Maryland corporation that is a publicly traded REIT and the sole member of our Manager ("CTO"). All of our ex
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.