Alpine Income Property Trust Inc (PINE) AI Stock Analysis

• Market Cap: $223.37M
• Dividend Yield: 7.26%
• Average Volume (3M): 83.88K
• Price to Earnings (P/E): 112.6
• Beta (1Y): 0.41
• Revenue Growth: 14.17%
• EPS Growth: -26.37%
• Country: US
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 69
• Industry: REIT - Retail
• EPS (TTM): 0.15
• Shares Outstanding: 14,476,237
• 10 Day Avg. Volume: 106,090
• 30 Day Avg. Volume: 83,879
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 4.56
• Price to Cash Flow (P/CF): 12.90
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $19.63
• Price Target Upside: 27.22% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

Alpine Income Property Trust Inc exhibits strong revenue growth and a resilient dividend yield, but faces challenges with profitability declines and high P/E valuation. Technical indicators show mixed signals, while the earnings call reflects both growth and short-term risks.

Positive Factors

Acquisition Strategy

The company aims to acquire properties at yields above their cost of capital targeting properties in the $10 – $50 million range which are not typically pursued by institutions or larger REITs.

Dividend Increase

The company increased the quarterly dividend 1.8% to $0.285 per share, yielding 6.6% annually.

Earnings and Financial Performance

The company reported FFO numbers of $0.44, which represents a ~19% increase year-over-year, and its two cents higher than consensus estimates and four cents higher than analyst estimates.

Negative Factors

Balance Sheet Constraints

PINE's constrained balance sheet and limited access to capital likely limit its ability to capitalize on the backdrop.

Earnings Growth Limitation

Earnings growth is muted due to a mix of assuming: higher interest rates, mortgage investments decline and PINE reinvests in acquisitions at a lower yield.

Tenant Risk

PINE's exposure to Walgreens and Family Dollar could present heightened tenant risk.

Alpine Income Property Trust Inc Business Overview & Revenue Model

Company Description

Alpine Income Property Trust Inc (PINE) is a real estate investment trust focused on owning and acquiring high-quality, single-tenant retail and office properties across the United States. The company primarily invests in properties leased to tenants with strong credit profiles, providing reliable income streams. PINE aims to deliver consistent returns to its shareholders through strategic asset management and property acquisitions.

How the Company Makes Money

Alpine Income Property Trust Inc (PINE) generates revenue primarily through the leasing of its portfolio of single-tenant retail and office properties. The company enters into long-term lease agreements with tenants, often with contractual rent increases that enhance revenue stability and growth. PINE focuses on properties occupied by credit-worthy tenants, ensuring consistent rental income. Additionally, the company may engage in strategic property sales or acquisitions to optimize its portfolio, potentially providing capital gains. Factors like tenant credit quality, lease duration, and property location significantly influence PINE's revenue generation strategy.

Alpine Income Property Trust Inc Financial Statement Overview

Summary

Alpine Income Property Trust Inc shows strong revenue growth and stable gross margins. However, there are declining net profitability and return on equity, and cash flow issues with stagnant free cash flow growth.

Income Statement

Alpine Income Property Trust Inc demonstrates a strong revenue growth trajectory, with a notable increase in total revenue from $45.64 million in 2023 to $52.23 million in 2024, reflecting a growth rate of 14.43%. The company's gross profit margin has remained robust, with a slight increase from 84.96% in 2023 to 85.09% in 2024. However, the net profit margin decreased significantly to 3.96% in 2024 from 6.39% in 2023, indicating reduced profitability. The EBIT and EBITDA margins are stable, but the decline in net income warrants attention.

Balance Sheet

The balance sheet highlights a reasonably stable financial position, with a debt-to-equity ratio of 1.09 in 2024, showing a slight increase from 1.12 in 2023. The company's equity ratio is healthy at 45.70%, indicating a solid equity base relative to total assets. However, the return on equity has decreased markedly from 1.16% in 2023 to 0.75% in 2024, reflecting diminished efficiency in generating profits from equity.

Cash Flow

Operating cash flow remained stable at $25.61 million in 2024, similar to 2023. The free cash flow is positive at $25.61 million, indicating strong cash generation. However, the free cash flow growth is stagnant, and the operating cash flow to net income ratio is high at 12.40, suggesting potential inefficiencies in converting income into cash. The lack of growth in free cash flow is a concern.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
52.23M	45.64M	45.20M	30.13M	19.25M
	Gross Profit
40.19M	38.76M	39.77M	26.45M	16.93M
	EBIT
14.02M	13.14M	10.42M	5.49M	2.61M
	EBITDA
39.14M	38.48M	33.98M	30.74M	12.27M
	Net Income Common Stockholders
2.07M	2.92M	20.18M	6.26M	-479.00K
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.58M	14.98M	9.02M	8.85M	1.89M
	Total Assets
605.00M	564.56M	573.43M	505.51M	261.59M
	Total Debt
309.47M	282.04M	272.17M	273.22M	109.46M
	Net Debt
307.89M	278.02M	263.15M	264.37M	107.56M
	Total Liabilities
328.50M	288.95M	278.06M	277.61M	112.50M
	Stockholders Equity
276.50M	250.74M	261.62M	196.52M	126.76M
Cash Flow		Free Cash Flow
25.61M	25.64M	-164.50M	17.20M	9.39M
	Operating Cash Flow
25.61M	25.64M	24.65M	17.20M	9.39M
	Investing Cash Flow
-57.84M	-13.58M	-38.78M	-195.99M	-113.88M
	Financing Cash Flow
26.46M	-11.38M	17.67M	186.40M	94.03M

Alpine Income Property Trust Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.43
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PINE, the sentiment is Negative. The current price of 15.43 is below the 20-day moving average (MA) of 16.20, below the 50-day MA of 16.21, and below the 200-day MA of 16.61, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 47.56 is Neutral, neither overbought nor oversold. The STOCH value of 38.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PINE.

Alpine Income Property Trust Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NTST	76 Outperform	$1.27B	―	-0.92%	5.38%	23.25%	-246.41%
BFS	72 Outperform	$795.00M	20.10	14.81%	7.18%	4.64%	-5.26%
PINE	66 Neutral	$223.37M	112.63	0.82%	7.26%	14.17%	-26.37%
CBL	61 Neutral	$696.37M	12.07	17.79%	7.11%	-3.68%	990.23%
Sector *	61 Neutral	$4.32B	16.29	-3.65%	12.23%	6.28%	-21.14%
WHLR	51 Neutral	$1.85M	―	-14.22%	―	2.21%	98.85%
SRG	44 Neutral	$149.26M	―	-31.77%	―	-14.70%	1.10%

Alpine Income Property Trust Inc Corporate Events

Alpine Income Property Trust Reports 2024 Financial Results

On February 6, 2025, Alpine Income Property Trust reported its financial results for the fourth quarter and full year of 2024. Despite a fourth-quarter net loss, the company achieved a 17% growth in AFFO per share for the year and increased its dividend for Q1 2025. The year saw successful investment and disposition activities, with $134.7 million in investments closed and $75 million in dispositions. The company also reduced its exposure to Walgreens and extended its average lease term, positioning itself for future growth.