Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust. The firm seeks to deliver attractive risk-adjusted returns and ...
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$1.17 per share
$1.17 per share
Est. EPS $0.17 · Revenue $20.17M · 3 analysts
Est. EPS $0.17 · Revenue $20.23M · 3 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $60.5M | +15.9% | +8.7% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-2.7M | -228.6% | +37.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | -10.9% | -114.2% | +4001.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +30.5% | +13.8% | +14.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -4.4% | -211.0% | +26.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-82.8M | -423.3% | -427.3% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -136.8% | -379.0% | -401.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 140.8% | +15.2% | -6.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.33x | -97.8% | +401.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $715.9M | +18.3% | +4.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.22 vs -0.23 | +5.5% | 0.16 vs 0.17 | -5.8% |
| Revenue Surprise | $60.5M vs $59.2M | +2.2% | $20.0M vs $20.2M | -0.9% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 28, 2026 | Richardson Andrew C | director | Common Stock, par value $0.01 per share | D | 2,000 | $20.28 |
| Jul 1, 2026 | Richardson Andrew C | director | Common Stock, par value $0.01 per share | A | 881 | $19.86 |
| Jul 1, 2026 | Elias Wein Rachel | director | Common Stock, par value $0.01 per share | A | 881 | $19.86 |
| Jul 1, 2026 | Good Morton Carson | director | Common Stock, par value $0.01 per share | A | 1,510 | $19.86 |
| Jul 1, 2026 | Wadleigh Brenna Andrea | director | Common Stock, par value $0.01 per share | A | 1,510 | $19.86 |
Operator: Good day, and thank you for standing by. Welcome to the Alpine Income Property Trust Q2 26 Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. You will then hear an automated message advising you your hand is raised. To withdraw your question, please press 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Jenna McKinney, director of finance. Ma'am, please go ahead. Jenna McKinney: Thank you. Joining me and participating on the call this morning are John Albright, president and chief executive officer Philip R. Mays, chief financial officer, and other members of the executive team will be available to answer questions during the call. As a reminder, many of our comments today are considered forward looking statements under federal securities laws. The company's actual future results may differ significantly from the matters discussed in these forward looking statements, and we undertake no duty to update these statements. Factors and risks that could cause actual results to differ materially from expectations are disclosed from time to time in greater detail in the company's Form 10-K, Form 10-Q, and other SEC filings. You can find our SEC reports, earnings release and most recent investor presentation, which contain reconciliations of the non-GAAP financial measures we use on our website at www.alpinereit.com. With that, I will turn the call over to John. John Albright: Thank you, Jenna, and good morning, everyone. We are pleased to report another strong quarter. Highlighted by 32% growth in AFFO per diluted share compared to the same quarter last year, and approximately $77 million of total investment activity at a blended initial yield of 8.7%. With this activity, our property portfolio's annualized base rent grew to $50 million at quarter end. With 55% attributable to investment grade rated tenants and our commercial loan portfolio remained at our targeted level of 20% of total undepreciated asset value. Starting with property acquisitions, During the quarter, we acquired 3 properties for $36.6 million at a weighted average initial cap rate of 7.4% and a weighted average remaining lease term of 9.2 years. These acquisitions included a 3 property portfolio leased to Aldi, HomeGoods, and Petco, and 2 properties ground leased to Lowe's and Alamo Drafthouse, which is a subsidiary of an A+ rated Sony Group Corporation. These acquisitions meaningfully strengthen our portfolio's credit profile. The percentage of ABR derived from investment grade rated tenants increased from 50% to 55% driven by acquisition activity that was 84% investment grade At quarter end, 4 of our top 5 tenants Lowe's, Dick's Sporting Goods, Walmart, and Alamo Drafthouse are now investment grade rated. More broadly, as of quarter-end, our property portfolio consisted of …
| Name | Title | Gender | Year Born | Status |
|---|---|---|---|---|
Daniel E. Smith | Senior Vice President, General Counsel & Corporate Secretary | Male | 1966 | Active |
Philip R. Mays | Senior Vice President, Chief Financial Officer & Treasurer | Male | 1968 | Active |
John Albright | President, Chief Executive Officer & Director | Male | 1966 | Active |
Steven Robert Greathouse | Senior Vice President & Chief Investment Officer | Male | 1978 | Active |
Lisa Vorakoun | Senior Vice President & Chief Accounting Officer | Female | 1984 | Active |
CTO Realty Growth offers superior value versus Alpine Income Property Trust, driven by sustainable organic growth and a likely multiple re-rating. CTO trades at 10.6x AFFO with an estimated 5% annual growth, while PINE trades at 9.4x AFFO with slower, less repeatable 2% growth. CTO's internally managed structure and shopping center focus support a forward return estimate of 11.9%, compared to PINE's 8.4%.
PINE offers one of the highest AFFO per share growth rates in the REIT sector, exceeding 13%. PINE trades at a sub-10x AFFO multiple, significantly below slower-growing peers, creating a compelling risk-reward profile. Recent acquisitions and commercial loan investments yield an overall 8.7%, supporting positive investment spreads and portfolio credit quality.
Curbline Properties (NYSE: CURB - Get Free Report) and CTO Realty Growth (NYSE: CTO - Get Free Report) are both real estate companies, but which is the better business? We will contrast the two businesses based on the strength of their earnings, profitability, risk, institutional ownership, valuation, dividends and analyst recommendations. Risk and Volatility Curbline Properties has
Alpine Income Property Trust remains rated Strong Buy, with both common and preferred shares offering compelling income and portfolio diversification opportunities. PINE delivered a robust quarter with AFFO per share up 26.14% YoY, a 6.20% dividend yield, and a recent 6.7% dividend hike following another one a couple of quarters ago. Despite macro headwinds and tenant risk from high-yield loans, PINE trades at a conservative valuation, with significant re-rating potential as economic conditions improve.
REITs have rallied in 2026 as strong fundamentals and growth continue to trump concerns over shifting interest rate expectations and market volatility. Investors have increasingly refocused on REIT property fundamentals, earnings growth, dividend quality, and durable capital access.
