A Business at a Glance
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We are a real estate investment trust (“REIT”) that owns and operates a high-quality portfolio of commercial net lease properties all located in the United States. Our properties are primarily leased to industry leading, creditworthy tenants, many of which operate in industries we believe are resistant to the impact of e-commerce. Our portfolio consists of 127 net leased properties located in 32 states. The properties in our portfolio are primarily subject to long-term 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. We also acquire and 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.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 61M | 61M | 52M | 46M | 45M | 30M |
| Net Income | -3.2M | -3.2M | 2.1M | 2.9M | 30M | 10.0M |
| EPS | $-0.22 | $-0.22 | $0.14 | $0.19 | $2.17 | $0.89 |
| Free Cash Flow | 26M | 26M | 23M | 26M | 25M | 17M |
| ROIC | 3.7% | 2.2% | 2.5% | 2.5% | 8.4% | 3.3% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 1.35 | 1.19 | 1.10 | 1.02 | 1.36 |
| Dividends/Share | $1.22 | $1.22 | $1.14 | $1.11 | $1.10 | $1.09 |
| Operating Income | 13M | 13M | 14M | 13M | 43M | 15M |
| Operating Margin | 21.7% | 21.7% | 26.8% | 28.8% | 96.2% | 50.3% |
| ROE | -1.1% | -1.2% | 0.8% | 1.2% | 11.4% | 5.1% |
| Shares Outstanding | 15M | 15M | 15M | 15M | 14M | 11M |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 12M | 19M | 30M | 45M | 46M | 52M | 61M | 61M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 3.6M | 2.6M | 15M | 43M | 13M | 14M | 13M | 13M |
| Op. Margin | 30.7% | 13.6% | 50.3% | 96.2% | 28.8% | 26.8% | 21.7% | 21.7% |
| Net Income | 3.6M | 985K | 10.0M | 30M | 2.9M | 2.1M | -3.2M | -3.2M |
| Net Margin | 30.7% | 5.1% | 33.1% | 65.8% | 6.4% | 4.0% | -5.3% | -5.3% |
| Non-Recurring | 0 | 287K | 9.7M | 34M | 9.3M | 3.4M | 2.1M | 2.1M |
| Returns on Capital | ||||||||
| ROIC | 2.9% | 1.1% | 3.3% | 8.4% | 2.5% | 2.5% | 2.2% | 3.7% |
| ROE | 2.6% | 0.8% | 5.1% | 11.4% | 1.2% | 0.8% | -1.2% | -1.1% |
| ROA | 2.2% | 0.4% | 2.0% | 5.2% | 0.5% | 0.3% | -0.5% | -0.4% |
| Cash Flow | ||||||||
| Op. Cash Flow | 7.5M | 9.4M | 17M | 25M | 26M | 23M | 26M | 26M |
| Free Cash Flow | 7.5M | 9.4M | 17M | 25M | 26M | 23M | 26M | 26M |
| Owner Earnings | 2.2M | -823K | 952K | 778K | -432K | -2.4M | -2.0M | -2.0M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 4.9M | 9.9M | 16M | 24M | 26M | 26M | 27M | 27M |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 4.9M | 9.9M | 16M | 24M | 26M | 26M | 27M | 27M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 7.2M | 12M | 15M | 17M | 17M | 18M | 18M |
| Dividend Yield | N/A | 7.6% | 8.0% | 7.6% | 7.8% | 7.7% | 8.2% | 6.3% |
| Share Buybacks | 0 | 5.0M | 0 | 0 | 15M | 775K | 8.8M | 8.8M |
| Buyback Yield | N/A | 5.3% | N/A | N/A | 6.3% | 0.3% | 3.7% | 3.1% |
| Stock-Based Comp | 509K | 268K | 309K | 310K | 318K | 247K | 380K | 380K |
| Debt Repayment | 0 | 8.7M | 162M | 278M | 24M | 97M | 140M | 140M |
| Balance Sheet | ||||||||
| Net Debt | N/A | 105M | 259M | 258M | 272M | 300M | 373M | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | 107M | 268M | 267M | 276M | 301M | 378M | 378M |
| Debt/Equity | 0.19 | 0.84 | 1.36 | 1.02 | 1.10 | 1.19 | 1.35 | 0.00 |
| Interest Coverage | N/A | 1.8 | 4.1 | 4.6 | 1.3 | 1.2 | 0.8 | 0.8 |
| Equity | 138M | 127M | 197M | 262M | 251M | 253M | 280M | 280M |
| Total Assets | 164M | 262M | 506M | 573M | 565M | 605M | 716M | 716M |
| Total Liabilities | 27M | 113M | 278M | 278M | 289M | 329M | 415M | 415M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -498K | -5.7M | -6.4M | 10M | -2.4M | -16M | -35M | -35M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||
| EPS | 0.49 | 0.11 | 0.89 | 2.17 | 0.19 | 0.14 | -0.22 | -0.22 |
| Owner EPS | 0.29 | -0.09 | 0.09 | 0.06 | -0.03 | -0.16 | -0.14 | -0.14 |
| Book Value | 18.43 | 14.16 | 17.55 | 19.10 | 16.33 | 17.15 | 19.19 | 19.19 |
| Cash Flow/Share | 1.01 | 1.05 | 1.54 | 1.80 | 1.67 | 1.59 | 1.77 | 1.66 |
| Dividends/Share | N/A | 0.80 | 1.09 | 1.10 | 1.11 | 1.14 | 1.22 | 1.22 |
| Shares Out. | 7.5M | 9.0M | 11.2M | 13.7M | 15.4M | 14.8M | 14.6M | 14.6M |
| Valuation | ||||||||
| P/E Ratio | 26.3 | 96.6 | 17.3 | 7.0 | 79.3 | 107.8 | N/A | -88.4 |
| P/FCF | 12.7 | 10.1 | 10.0 | 8.4 | 9.0 | 9.5 | 9.3 | 11.0 |
| EV/EBIT | N/A | 76.6 | 28.4 | 10.7 | 38.3 | 37.3 | 46.7 | 21.6 |
| Price/Book | 0.7 | 0.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 1.0 |
| Price/Sales | 8.1 | 4.9 | 5.0 | 4.4 | 4.8 | 4.2 | 3.6 | 4.7 |
| FCF Yield | 7.9% | 9.9% | 10.0% | 11.9% | 11.1% | 10.5% | 10.7% | 9.1% |
| Market Cap | 96M | 95M | 172M | 207M | 231M | 223M | 240M | 284M |
| Avg. Price | 12.78 | 10.56 | 13.57 | 14.57 | 14.18 | 14.83 | 14.91 | 19.45 |
| Year-End Price | 12.81 | 10.62 | 15.37 | 15.11 | 15.06 | 15.09 | 16.45 | 19.45 |
Alpine Income Property Trust, Inc. passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 11.0x vs a median of 9.5x. The company's 5-year average ROIC is 3.8%. Total shareholder yield (dividends + buybacks) is 9.4%. At current prices, the estimated annualized return to fair value is +9.9%.
Alpine Income Property Trust, Inc. (PINE) has a 5-year average return on invested capital (ROIC) of 3.8%. This is below average and may indicate limited pricing power.
Alpine Income Property Trust, Inc. (PINE) has a market capitalization of $284M. It is classified as a small-cap stock.
Yes, Alpine Income Property Trust, Inc. (PINE) pays a dividend with a trailing twelve-month yield of 6.25%. The company also returns capital through share buybacks, with a buyback yield of 3.10%.
Alpine Income Property Trust, Inc. (PINE) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Alpine Income Property Trust, Inc. (PINE) reported annual revenue of $61 million in its most recent fiscal year, based on SEC EDGAR filings.
Alpine Income Property Trust, Inc. (PINE) has a net profit margin of -5.3%. The company is currently unprofitable.
Alpine Income Property Trust, Inc. (PINE) generated $26 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Alpine Income Property Trust, Inc. (PINE) has a debt-to-equity ratio of 1.35. This indicates moderate leverage.
Alpine Income Property Trust, Inc. (PINE) reported earnings per share (EPS) of $-0.22 in its most recent fiscal year.
Alpine Income Property Trust, Inc. (PINE) has a return on equity (ROE) of -1.2%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 7 years of financial data for Alpine Income Property Trust, Inc. (PINE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Alpine Income Property Trust, Inc. (PINE) has a book value per share of $19.19, based on its most recent annual SEC filing.
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