Alpine Income Property Trust, I (PINE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Alpine Income Property Trust, I

NYSE•Real Estate•REIT - Retail

$19.65+0.17(0.01%)Market closed

Market Cap

$302.60M

P/E

46.3x

P/S

4.3x

P/B

0.9x

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust. The firm seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants. The Company also complements its income property portfolio by strategically investing in a select portfolio of commercial loan investments intended to deliver an attractive risk-adjusted return. Alpine Income Property Trust, Inc. was established and incorporated on August 19, 2019 in Maryland and is based in Winter Park, Florida.

How this company scores

GoodMetricSide Score: 64/100

Strongest: Growth (22/25); weakest: Cash & Earnings Quality (10/25).

Profitability19/25

Growth22/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality10/25

Strengths

Growing revenueStrong marginsRising earningsProfit converts from growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 46.3x5y range 5.8x – 395.8x

Currently above its 15-quarter median.

P/S · 4.3x5y range 3.5x – 7.9x

Currently near its 20-quarter median.

P/B · 0.9x5y range 0.8x – 1.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

6 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $302.60M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $69.87M
Q. Revenue: $20.00M
TTM EBITDA: $51.09M
TTM Op. Income: $23.70M
Q. Op. Income: $8.71M
TTM Net Income: $6.54M
Q. Net Income: $4.19M
EPS: $0.18
Shares Out.: $17.07M

$69.87M in TTM revenue grew 24.0% YoY, reaching $20.00M last quarter. TTM EBITDA of $51.09M and TTM operating income of $23.70M show growth is flowing through to the bottom line. TTM net income of $6.54M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 77.6%
Op. Margin: 43.5%
Net Margin: 21.0%

Op. margin of 43.5% is up 26.8% YoY — cost efficiency is improving. Net margin at 21.0% Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 46.3x
P/S Ratio: 4.3x
P/B Ratio: 0.9x

At 46.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 4.3x and P/B of 0.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 38% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $781.51M
Cash: $2.78M
Long-Term Debt: $367.55M
Book Value: $337.29M
D/E Ratio: 1.1
Debt/EBITDA: 23.7

With $781.51M in assets and $367.55M in long-term debt, D/E is 1.1and book value is $337.29M — moderate leverage. Across the last 8 quarters, debt/equity has fallen for 3 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $6.24M
TTM Free Cash Flow: $-60.06M
FCF Margin: -86.0%
FCF / Net Income: -9.2

TTM FCF of $-60.06M on $6.24M in operating cash flow. The FCF / Net Income ratio of -9.2x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 18% — a weakening trend.