NYSE:PINE

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Alpine Income Property Trust

Executive Summary

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income properties. More Details


Snowflake Analysis

High growth potential average dividend payer.

Share Price & News

How has Alpine Income Property Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PINE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PINE's weekly volatility has decreased from 12% to 5% over the past year.


Market Performance


7 Day Return

-0.4%

PINE

-0.7%

US REITs

-0.4%

US Market


1 Year Return

3.9%

PINE

-4.9%

US REITs

36.2%

US Market

Return vs Industry: PINE exceeded the US REITs industry which returned -4.9% over the past year.

Return vs Market: PINE underperformed the US Market which returned 36.2% over the past year.


Shareholder returns

PINEIndustryMarket
7 Day-0.4%-0.7%-0.4%
30 Day11.1%-0.7%-2.3%
90 Day16.4%0.9%5.0%
1 Year11.2%3.9%-0.5%-4.9%39.1%36.2%
3 Yearn/a30.2%14.3%48.4%39.0%
5 Yearn/a41.2%12.7%116.6%92.4%

Long-Term Price Volatility Vs. Market

How volatile is Alpine Income Property Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Alpine Income Property Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PINE ($18.24) is trading below our estimate of fair value ($101.1)

Significantly Below Fair Value: PINE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PINE is poor value based on its PE Ratio (140.5x) compared to the US REITs industry average (47.7x).

PE vs Market: PINE is poor value based on its PE Ratio (140.5x) compared to the US market (21.5x).


Price to Earnings Growth Ratio

PEG Ratio: PINE is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: PINE is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (1.6x).


Next Steps

Future Growth

How is Alpine Income Property Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

51.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PINE's forecast earnings growth (51.2% per year) is above the savings rate (2%).

Earnings vs Market: PINE's earnings (51.2% per year) are forecast to grow faster than the US market (19.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PINE's revenue (31.5% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: PINE's revenue (31.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PINE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Alpine Income Property Trust performed over the past 5 years?

45.3%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: PINE has a large one-off gain of $287.0K impacting its December 31 2020 financial results.

Growing Profit Margin: PINE became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if PINE's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: PINE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PINE has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (-6.1%).


Return on Equity

High ROE: PINE's Return on Equity (0.8%) is considered low.


Next Steps

Financial Health

How is Alpine Income Property Trust's financial position?


Financial Position Analysis

Short Term Liabilities: PINE's short term assets ($5.4M) exceed its short term liabilities ($2.0M).

Long Term Liabilities: PINE's short term assets ($5.4M) do not cover its long term liabilities ($110.5M).


Debt to Equity History and Analysis

Debt Level: PINE's debt to equity ratio (71.5%) is considered high.

Reducing Debt: Insufficient data to determine if PINE's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: PINE's debt is not well covered by operating cash flow (8.8%).

Interest Coverage: PINE's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Alpine Income Property Trust current dividend yield, its reliability and sustainability?

5.26%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: PINE's dividend (5.26%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: PINE's dividend (5.26%) is in the top 25% of dividend payers in the US market (3.64%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether PINE's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if PINE's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.4%), PINE's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PINE's dividends in 3 years are forecast to be covered by earnings (59.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.6yrs

Average management tenure


CEO

John Albright (54 yo)

1.58yrs

Tenure

Mr. John P. Albright serves as President, Chief Executive Officer and Director at Alpine Income Property Trust, Inc. since its formation in August 2019. Mr. Albright has been the Chief Executive Officer an...


Leadership Team

NamePositionTenureCompensationOwnership
John Albright
President1.58yrsno data0.039%
$ 62.5k
Matthew Partridge
Senior VP0.42yrno data0.022%
$ 35.2k
Steven Greathouse
Senior Vice President & Chief Investment Officer1.58yrsno data0.097%
$ 154.0k
Lisa Vorakoun
VP & Chief Accounting Officerno datano datano data
Daniel Smith
Senior VP1.58yrsno data0.071%
$ 112.5k

1.6yrs

Average Tenure

47.5yo

Average Age

Experienced Management: PINE's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
John Albright
President1.58yrsno data0.039%
$ 62.5k
Andrew Richardson
Independent Chairman1.33yrsUS$45.24k0.091%
$ 144.1k
Jeffrey Yarckin
Independent Director1.33yrsUS$43.57k0.076%
$ 120.7k
Mark Decker
Independent Director1.33yrsUS$43.57k0.13%
$ 205.6k
Morton Good
Independent Director1.33yrsUS$43.57k0.076%
$ 120.7k
Rachel Wein
Independent Director0.083yrno datano data

1.3yrs

Average Tenure

53.5yo

Average Age

Experienced Board: PINE's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PINE insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Alpine Income Property Trust, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alpine Income Property Trust, Inc.
  • Ticker: PINE
  • Exchange: NYSE
  • Founded: 2019
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Implied Market Cap: US$158.436m
  • Market Cap: US$136.113m
  • Shares outstanding: 8.69m
  • Website: https://www.alpinereit.com

Location

  • Alpine Income Property Trust, Inc.
  • 1140 North Williamson Boulevard
  • Suite 140
  • Daytona Beach
  • Florida
  • 32114
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PINENYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2019

Biography

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that acquires, owns and operates a portfolio of high-quality single-tenant net leased commercial income pro...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 00:03
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.