Alpine Income Property Trust (PINE)
Market Price (12/18/2025): $16.82 | Market Cap: $238.1 MilSector: Real Estate | Industry: Retail REITs
Alpine Income Property Trust (PINE)
Market Price (12/18/2025): $16.82Market Cap: $238.1 MilSector: Real EstateIndustry: Retail REITs
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, Dividend Yield is 8.8%, FCF Yield is 14% | Trading close to highsDist 52W High is -4.2%, Dist 3Y High is -4.2% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 181% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15% | Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -60% | Key risksPINE key risks include [1] high financial leverage with a net debt to EBITDA ratio significantly above industry norms and [2] a heavy concentration of its rental income from a few major tenants. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 49% | ||
| Low stock price volatilityVol 12M is 22% | ||
| Megatrend and thematic driversMegatrends include Real Estate Investment Strategies. Themes include Single-Tenant Net Lease Properties. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.3%, Dividend Yield is 8.8%, FCF Yield is 14% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 15% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 49% |
| Low stock price volatilityVol 12M is 22% |
| Megatrend and thematic driversMegatrends include Real Estate Investment Strategies. Themes include Single-Tenant Net Lease Properties. |
| Trading close to highsDist 52W High is -4.2%, Dist 3Y High is -4.2% |
| Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -60% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 181% |
| Key risksPINE key risks include [1] high financial leverage with a net debt to EBITDA ratio significantly above industry norms and [2] a heavy concentration of its rental income from a few major tenants. |
Valuation, Metrics & Events
PINE Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. Strong Analyst Sentiment and Price Target Increases. Wall Street analysts maintained a "Strong Buy" consensus rating for Alpine Income Property Trust (PINE) in late 2025, with some firms, like Stifel, raising their price targets for the stock to $19.00 by November 2025, signaling a positive outlook. This upward revision in price targets contributed to positive investor sentiment.
2. Significant Year-to-Date 2025 Transaction Activity. As of December 1, 2025, Alpine Income Property Trust announced robust year-to-date investment activity totaling $244.2 million, which included acquisitions and structured investments at a weighted average initial cash yield of 10.1%. This strategic capital recycling demonstrated growth and a proactive approach to portfolio management.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PINE Return | -16% | 41% | 1% | -5% | 6% | 8% | 30% |
| Peers Return | -10% | 24% | -4% | -2% | 6% | 9% | 24% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| PINE Win Rate | 42% | 67% | 42% | 50% | 50% | 42% | |
| Peers Win Rate | 57% | 62% | 52% | 42% | 57% | 58% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| PINE Max Drawdown | -59% | -5% | -19% | -21% | -12% | -17% | |
| Peers Max Drawdown | -47% | -6% | -19% | -21% | -11% | -5% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: O, NNN, WPC, ADC, EPRT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)
How Low Can It Go
| Event | PINE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -30.1% | -25.4% |
| % Gain to Breakeven | 43.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -60.0% | -33.9% |
| % Gain to Breakeven | 150.0% | 51.3% |
| Time to Breakeven | 441 days | 148 days |
Compare to O, FRT, GTY, WSR, SPG
In The Past
Alpine Income Property Trust's stock fell -30.1% during the 2022 Inflation Shock from a high on 2/3/2023. A -30.1% loss requires a 43.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to PINE. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | MPW | Medical Properties Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -3.6% | -3.6% | -5.8% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 10312025 | MPW | Medical Properties Trust | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -3.6% | -3.6% | -5.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Alpine Income Property Trust
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 49.22 |
| Mkt Cap | 7.8 |
| Rev LTM | 797 |
| Op Inc LTM | 448 |
| FCF LTM | 571 |
| FCF 3Y Avg | 535 |
| CFO LTM | 571 |
| CFO 3Y Avg | 535 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 14.7% |
| Rev Chg 3Y Avg | 14.8% |
| Rev Chg Q | 8.8% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 49.2% |
| Op Mgn 3Y Avg | 48.2% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 69.3% |
| CFO/Rev 3Y Avg | 71.3% |
| FCF/Rev LTM | 69.3% |
| FCF/Rev 3Y Avg | 71.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.8 |
| P/S | 9.4 |
| P/EBIT | 22.9 |
| P/E | 32.7 |
| P/CFO | 13.5 |
| Total Yield | 7.3% |
| Dividend Yield | 5.2% |
| FCF Yield 3Y Avg | 7.6% |
| D/E | 0.6 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.7% |
| 3M Rtn | -0.3% |
| 6M Rtn | 0.6% |
| 12M Rtn | 4.0% |
| 3Y Rtn | 8.8% |
| 1M Excs Rtn | -1.5% |
| 3M Excs Rtn | -0.8% |
| 6M Excs Rtn | -11.8% |
| 12M Excs Rtn | -7.5% |
| 3Y Excs Rtn | -61.4% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/23/2025 | -0.9% | 3.9% | 20.0% |
| 7/24/2025 | -1.2% | -2.8% | 5.2% |
| 4/24/2025 | -4.9% | -5.3% | -8.5% |
| 2/6/2025 | -5.7% | -4.1% | -4.9% |
| 10/17/2024 | 4.5% | 3.3% | -0.2% |
| 7/18/2024 | 0.1% | 2.3% | 3.1% |
| 4/18/2024 | 2.2% | 2.7% | 8.9% |
| 2/8/2024 | 2.2% | 4.9% | 5.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 10 | 8 |
| # Negative | 10 | 13 | 15 |
| Median Positive | 1.8% | 2.9% | 5.2% |
| Median Negative | -2.1% | -3.0% | -3.0% |
| Max Positive | 4.5% | 7.1% | 20.0% |
| Max Negative | -12.8% | -12.6% | -18.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10232025 | 10-Q 9/30/2025 |
| 6302025 | 7242025 | 10-Q 6/30/2025 |
| 3312025 | 4242025 | 10-Q 3/31/2025 |
| 12312024 | 2062025 | 10-K 12/31/2024 |
| 9302024 | 10172024 | 10-Q 9/30/2024 |
| 6302024 | 7182024 | 10-Q 6/30/2024 |
| 3312024 | 4182024 | 10-Q 3/31/2024 |
| 12312023 | 2082024 | 10-K 12/31/2023 |
| 9302023 | 10192023 | 10-Q 9/30/2023 |
| 6302023 | 7202023 | 10-Q 6/30/2023 |
| 3312023 | 4202023 | 10-Q 3/31/2023 |
| 12312022 | 2092023 | 10-K 12/31/2022 |
| 9302022 | 10202022 | 10-Q 9/30/2022 |
| 6302022 | 7212022 | 10-Q 6/30/2022 |
| 3312022 | 4212022 | 10-Q 3/31/2022 |
| 12312021 | 2102022 | 10-K 12/31/2021 |
External Quote Links
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| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |