Alpine Income Property Trust, Inc. (PINE) stock analysis

In our weekly check, Alpine Income Property Trust, Inc. is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 11 pass, warnings: 4, red flags: 10.

About Alpine Income Property Trust, Inc.

Alpine Income Property Trust, Inc. is a Real Estate company (REIT - Retail) based in the United States, listed on NYSE as PINE.

What our checks show for PINE

Red flags

• Net debt is 6.6x a year of EBITDA (debt/equity 1.14). That limits room in a downturn and raises refinancing risk.
• The net margin fell by 18.1 points over 5 years, to 15%: the company keeps less of each sale as profit.
• The gross margin fell by 12.5 points, to 64.8%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 3.7 points from today's 15%.
• Free cash flow is negative (-109% of revenue): the business spends more cash than it brings in.
• The dividend takes 223% of profit: little cushion if profit falls.
• A small company (market value $290 million): usually riskier and followed by fewer analysts.
• The stock has fallen as much as 60% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 4%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Operating profit covers interest only 3.6 times: a weak year could make the payments hard.
• Earnings per share fell 41.4% a year over the last 3 years.
• Net profit fell 27.4% a year over the last 3 years.
• Thinly traded (about 154 thousand shares a day): buying and selling can move the price.

Strengths

• Operating cash flow is 2.27x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 11.3% a year over the next years.
• Revenue grew 18.8% a year over the last 3 years.
• Beta 0.59: the stock usually moves less than the market.

Similar companies

GTY · NTST · IVT · FCPT · UE · AKR

Questions

What grade does Alpine Income Property Trust, Inc. (PINE) have?

In our weekly check, Alpine Income Property Trust, Inc. is graded D (A to F). Of 25 checks on debt, profit, cash flow and trend: 11 pass, warnings: 4, red flags: 10. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of PINE stock?

This week's biggest flags for Alpine Income Property Trust, Inc.: High debt, Margins falling, Gross margin falling. In total 14 of 25 checks show a warning or a red flag.

What does Alpine Income Property Trust, Inc. do?

Alpine Income Property Trust, Inc. is a Real Estate company (REIT - Retail) based in the United States, listed on NYSE as PINE.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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