Alpine Income Property Trust Inc. Common Stock (PINE)

FairStock Score: 67/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at PINE as a small single-tenant net-lease REIT. The filed numbers show a recovery: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $20.0M and net income was $4.2M, or diluted EPS $0.16, versus fiscal Q2 2025, the quarter ended 2025-06-30, when revenue was $14.9M and net income was a loss of $1.6M, or diluted EPS -$0.12. Fiscal Q1 2026 revenue was $18.4M with net income of $2.2M, so the near-term trend is better. Full-year fiscal 2025 still showed revenue of $60.5M but a net loss of $2.7M, or diluted EPS -$0.22; fiscal 2024 had revenue of $52.2M, net income of $2.1M, and diluted EPS $0.14. That matches the FairStock Lynch category of TURNAROUND—loss in the latest year after earlier profits. Because REIT depreciation distorts EPS and P/E, the FairStock P/E of 87.43 at the 2026-10-13 close is not the right anchor; FFO/AFFO are not in the data. Instead, FairStock price-to-book is 0.96, stated dividend yield is 6.80%, FairStock FCF yield is 6.8%, D/E is 1.09, and Altman Z-Score is 0.90. Piotroski is 7/9 and ROE is 2.30%. The moat is modest: net leases to credit-rated tenants can produce steady rent, but single-tenant concentration means tenant credit matters greatly. The yield and sub-book price are attractive, yet leverage and the low Z-Score mean the turnaround depends on rent collection and refinancing. I want to see sustained positive net income, lower debt, and actual FFO/AFFO before calling it durable.

In plain English: Alpine Income Property Trust owns single-tenant commercial buildings leased mostly to established tenants with credit ratings. The business is growing revenue and has swung back to profit in the latest quarter, but it carries meaningful debt and full-year 2025 was a loss. At $18.36, it sells near the value of its net assets and pays a high dividend, so the price looks roughly fair to cheap on those measures, though the best REIT profit measures are not available.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer