Alpine Income Property Trust
Market Cap
US$158.4m
Last Updated
2021/03/07 00:03 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
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
| PINE | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | -0.7% | -0.4% |
| 30 Day | 11.1% | -0.7% | -2.3% |
| 90 Day | 16.4% | 0.9% | 5.0% |
| 1 Year | 11.2%3.9% | -0.5%-4.9% | 39.1%36.2% |
| 3 Year | n/a | 30.2%14.3% | 48.4%39.0% |
| 5 Year | n/a | 41.2%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
2 months ago | Simply Wall St
A Look At Alpine Income Property Trust's (NYSE:PINE) Share Price Returns3 months ago | Simply Wall St
Should Alpine Income Property Trust, Inc. (NYSE:PINE) Focus On Improving This Fundamental Metric?5 months ago | Simply Wall St
What Kind Of Shareholders Hold The Majority In Alpine Income Property Trust, Inc.'s (NYSE:PINE) Shares?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.58yrs | no data | 0.039% $ 62.5k | |
| Senior VP | 0.42yr | no data | 0.022% $ 35.2k | |
| Senior Vice President & Chief Investment Officer | 1.58yrs | no data | 0.097% $ 154.0k | |
| VP & Chief Accounting Officer | no data | no data | no data | |
| Senior VP | 1.58yrs | no data | 0.071% $ 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.58yrs | no data | 0.039% $ 62.5k | |
| Independent Chairman | 1.33yrs | US$45.24k | 0.091% $ 144.1k | |
| Independent Director | 1.33yrs | US$43.57k | 0.076% $ 120.7k | |
| Independent Director | 1.33yrs | US$43.57k | 0.13% $ 205.6k | |
| Independent Director | 1.33yrs | US$43.57k | 0.076% $ 120.7k | |
| Independent Director | 0.083yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PINE | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Nov 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 00:03 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.