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Data-driven stock valuation

Alpine Income Property Trust, Inc. (PINE) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Alpine Income Property Trust, Inc. stock $17.99, price $16.62, upside +8.3%, quality 26 out of 100. Rating: fairly valued. Calculated from audited financials with 3 of our 26 valuation models and 37 quality factors, updated daily.

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Real Estate US

AI Alpine Income Property Trust, Inc. logo Some data Nov 8, 2026

Alpine Income Property Trust, Inc.

PINE · US
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Solidly profitable · 16.6% net margin (TTM)
Last quarter vs. a year ago: revenue +41%, profit +76%.
Fair value $17.99 · Fairly valued
Expensive Growth (revenue 5y +25.8 %/yr in USD)
Moderate debt
Insiders sold $135,607 (6M)
Some data
Quality 26/100
Negative free cash flow
7.3% dividend yield · Pays more than it earns
Trails peers (5/13)
Narrow moat 43/100
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$21.75 $11.98 Fair Value $17.99 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range $11.98 – $21.75 · fair‑value band $8.88 – $27.12 · the $16.62 price screens below the $17.99 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust.

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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.

Stock analysis

Alpine Income Property Trust, Inc. (PINE) currently trades at $16.62, while our model-based Fair Value estimate is $17.99, so the stock looks roughly fairly valued today (gap 7.6%).

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Valuation

Bull case: the Multiples group reads highest at a median of $11.06 per share, and 1 of the 3 models we run sit above the $16.62 price.

Bear case: the Asset-Based group reads lowest at $8.63, and 2 of the 3 models stay below the price. Data coverage for this calculation is medium.

Scenario range: $8.88 (bear) to $27.12 (bull), the price of $16.62 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 26/100 (below-average quality), in the Real Estate sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Alpine Income Property Trust, Inc. reported revenue of $60.5M in FY2025 versus $30.1M in FY2021, a compound +19.1%/yr. Reported net income was −$2.7M in FY2025.

Key figures

Market cap $304M Small · P/E ratio 33.2 · P/S ratio 4.11 · EPS (TTM) $0.4900 · Dividend yield 7.3% · Net margin −4.4% · Return on equity 4.4% · Return on assets (EBIT) 3.6% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (medium confidence).

What moves the price

The share trades about 24% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −30% fair-value upside, at 8%, PINE screens cheaper than that median.

Fair Value models

Bear $8.88 Fair Value $17.99 Bull $27.12
Price $16.62 · Upside +8.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EV/EBITDA $10.45 $21.17 $31.90 64
EV/EBIT n/a $0.9500 >$3.80 61
NCAV (Graham) $6.44 $8.63 $12.88 54
All 3 models by family
Multiples
EV/EBIT n/a $0.9500 >$3.80 61
EV/EBITDA $10.45 $21.17 $31.90 64
Asset-Based
NCAV (Graham) $6.44 $8.63 $12.88 54

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 26/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 6
How much profit the company makes from its sales and capital
Quality Growth 32
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 25
Debt, balance sheet and risk of trouble
Investment 50
Does it invest with discipline instead of growing at any price?
Low Volatility 85
How calm the share price moves, does not count
Price momentum 38
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 41
Distance to the 52-week high, does not count
New shares 12
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, one officer or director sold shares worth $135,607 and none bought.

  • SaleAndrew C RichardsonDirector6× since Dec 11, 2025: 13,582 shares, avg. $19.19$260,652Jul 28, 2026

Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+15.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.8%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.9%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
13.6% (2020) → 30.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Retail · 86 stocks

Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 26 · Bottom 25%
Fair Value upside +8.3% · Above median
Profitability
Return on equity (12 months) 4.4% · Bottom 25%
Return on assets −0.4% · Bottom 25%
Net margin (12 months) 16.6% · Bottom 25%
Operating margin (12 months) 46.3% · Below median
Growth and dividend
Revenue growth (quarter YoY) 40.5% · Top 25%
Dividend yield (12 months) 7.3% · Above median
Balance sheet
Debt / equity 1.35× · Highest 25%

Valuation Multiplesvs REIT - Retail median · lower = cheaper

P/E (12 months) 33.2× · Priciest 25%
P/B 1.09× · Pricier than median
P/S (12 months) 4.01× · Cheapest 25%
EV/EBITDA 11.8× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)44 · sector 17
FUTURE (revenue growth)100 · sector 28
PAST (return on equity)18 · sector 31
HEALTH (low debt)33 · sector 69
DIVIDEND (yield)100 · sector 100

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more REIT - Retail stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Realty Income Corporation O $59.04 $88.46 +50% vs PINE
Scentre Group SCG A$3.45 A$3.48 +1% vs PINE
Link Real Estate Investment Trust (Link REIT) 0823 HK$41.08 HK$38.24 −7% vs PINE
Unibail-Rodamco-Westfield SE URW €94.16 €71.26 −24% vs PINE
Kimco Realty Corporation KIM $25.52 $17.89 −30% vs PINE
Brixmor Property Group BRX $30.02 $18.82 −37% vs PINE
CapitaLand Integrated Commercial Trust (CICT or the Trust) C38U 2.34 SGD 1.38 SGD −41% vs PINE
Regency Centers Corporation REG $74.84 $38.70 −48% vs PINE
Simon Property Group SPG $228.42 $98.44 −57% vs PINE
Federal Realty Investment Trust FRT $112.58 $40.47 −64% vs PINE

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Alpine Income Property Trust, Inc.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Alpine Income Property Trust, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/PINE

Frequently asked questions

Is Alpine Income Property Trust, Inc. (PINE) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $17.99 versus a price of $16.62, about +8% upside (fairly valued).
What is the fair value of PINE?
Our model-based fair value for Alpine Income Property Trust, Inc. is $17.99 (as of Nov 8, 2026), built from audited fundamentals. The current price: $16.62.
What is the quality score of PINE?
Alpine Income Property Trust, Inc. has a Quality Score of 26/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Alpine Income Property Trust, Inc. (PINE)?
Our model-based price target is the fair value of $17.99 (as of Nov 8, 2026) from 3 valuation models. Cautious scenario $8.88, optimistic scenario $27.12. It is a calculation from audited fundamentals, not an analyst target.
What is the Alpine Income Property Trust, Inc. stock forecast for 2026?
Our models put fair value at $17.99, about +8% upside versus a price of $16.62 (fairly valued). Cautious scenario $8.88, optimistic scenario $27.12. The calculation is refreshed regularly with new filings.
What is the revenue of Alpine Income Property Trust, Inc. (PINE)?
Alpine Income Property Trust, Inc. reported trailing-twelve-month revenue of about $75.8M (latest available figure, as of Nov 8, 2026).
Does Alpine Income Property Trust, Inc. pay a dividend?
Alpine Income Property Trust, Inc. currently shows a dividend yield of 7.25% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Alpine Income Property Trust, Inc. (PINE) and when is the ex-dividend date?
Alpine Income Property Trust, Inc. pays a dividend of $1.21 per share a year, a dividend yield of 7.3%. The last ex-dividend date was Sep 10, 2026. A dividend has been paid every year since at least 2019. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Alpine Income Property Trust, Inc. (PINE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Alpine Income Property Trust, Inc. it is $17.99 per share (as of Nov 8, 2026), against a price of $16.62. It is the blended result of 3 valuation models in 2 families (Multiples, Asset-Based).
Is Alpine Income Property Trust, Inc. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, PINE trades below its calculated fair value: price $16.62, fair value $17.99, a gap of about +8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PINE?
No. The price is what the market pays today ($16.62); the fair value is what the company's own numbers justify ($17.99). For Alpine Income Property Trust, Inc. the two are $1.37 per share apart. That gap is exactly why we show both numbers side by side.
How much is Alpine Income Property Trust, Inc. worth?
The market values Alpine Income Property Trust, Inc. at about $304M (market capitalisation, as of Nov 8, 2026). Per share that is $16.62; our models calculate a fair value of $17.99 per share.
What do the bullish and bearish scenarios say about PINE?
Our models span a range for Alpine Income Property Trust, Inc.: cautious scenario $8.88, base $17.99, optimistic $27.12 per share (as of Nov 8, 2026, price $16.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PINE?
Alpine Income Property Trust, Inc. trades at a price-to-earnings ratio of 33.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $17.99 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2019 to 2024), reported earnings: 106.4. Other multiples: P/B 1.1, P/S 4.0, EV/EBITDA 11.8.
How solid is the balance sheet of Alpine Income Property Trust, Inc. (PINE)?
Balance-sheet figures for Alpine Income Property Trust, Inc. (as of Nov 8, 2026): return on equity 4.4%, debt of 1.35 per unit of equity. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is PINE from its 52-week high?
Alpine Income Property Trust, Inc. trades at $16.62, about 24% below its 52-week high of $21.75 and 16% above the low of $14.33 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $17.99 is for.
Which stocks are comparable to Alpine Income Property Trust, Inc.?
From the same area (Real Estate) we also value Simon Property Group, Realty Income Corporation, Kimco Realty Corporation, Unibail-Rodamco-Westfield SE, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Alpine Income Property Trust, Inc. stock attractive at the current price?
The data as of Nov 8, 2026: price $16.62, calculated fair value $17.99 (+8%), Quality Score 26/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PINE calculated?
We run Alpine Income Property Trust, Inc. through 3 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of $17.99 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Alpine Income Property Trust, Inc. currently trades 8% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Alpine Income Property Trust, Inc. (PINE)?
The closing price on Nov 6, 2026 was $16.62. Our model-based fair value is $17.99, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Alpine Income Property Trust, Inc. right now?
The model range is unusually wide ($8.88 to $27.12). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Key figures of Alpine Income Property Trust, Inc.

How large is the market capitalisation of Alpine Income Property Trust, Inc. (PINE)?
The market capitalisation of Alpine Income Property Trust, Inc. is $304M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Alpine Income Property Trust, Inc. (PINE)?
The price-to-sales ratio of Alpine Income Property Trust, Inc. is 4.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Alpine Income Property Trust, Inc. (PINE)?
Earnings per share at Alpine Income Property Trust, Inc. are $0.4900 (price ÷ EPS = P/E 33.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Alpine Income Property Trust, Inc. (PINE)?
The dividend yield of Alpine Income Property Trust, Inc. is 7.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Alpine Income Property Trust, Inc. (PINE)?
The net margin of Alpine Income Property Trust, Inc. is −4.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Alpine Income Property Trust, Inc. (PINE)?
The return on equity (ROE) of Alpine Income Property Trust, Inc. is 4.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Alpine Income Property Trust, Inc. (PINE)?
On an EBIT basis the return on assets of Alpine Income Property Trust, Inc. is 3.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Alpine Income Property Trust, Inc. (PINE)?
The operating margin of Alpine Income Property Trust, Inc. is 46.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Alpine Income Property Trust, Inc. (PINE)?
Revenue at Alpine Income Property Trust, Inc. is growing +40.5% versus a year earlier (3y avg +10.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Alpine Income Property Trust, Inc. (PINE)?
Earnings per share at Alpine Income Property Trust, Inc. are growing +75.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Alpine Income Property Trust, Inc. (PINE) generate?
The free cash flow of Alpine Income Property Trust, Inc. is −$82.8M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Alpine Income Property Trust, Inc. (PINE) carry?
The net debt of Alpine Income Property Trust, Inc. is $390M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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