Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust. The firm seeks to deliver attractive risk-adjusted returns and ...
Alpine Income Property Trust, Inc. (NYSE: PINE) is a real estate investment trust incorporated in Maryland in August 2019 and headquartered in Winter Park, Florida. The company's business strategy is to deliver attractive risk-adjusted returns and dependable cash dividends by investing in a diversified portfolio of single-tenant net leased commercial properties. These properties are predominantly leased to high-quality, publicly traded, and credit-rated tenants, reducing tenant risk and ensuring stable cash flows. As of September 30, 2025, the portfolio comprised 128 properties, including three classified as commercial loans, totaling approximately 177,441 square feet for a specific property anchored by Walmart Supercenter. The company also strategically invests in commercial loan investments to complement its income property portfolio. Financially, Alpine has a market capitalization of around $330 million, with a price-to-earnings ratio of 92.5, reflecting its REIT structure and earnings distribution. The company pays a dividend of $1.17 per share, yielding approximately 5.9%. Key financial metrics include a debt-to-equity ratio of 1.1, indicating moderate leverage, and a return on equity of 1.9%. The CEO, John P. Albright, has led the company since its formation, bringing experience from CTO Realty Growth. The company's primary focus is on high-quality tenants and long-term leases, providing predictable income. With a small employee base, Alpine operates efficiently, relying on external management and partnerships. The company's future prospects include potential portfolio expansion and maintaining its dividend distribution, aiming to generate shareholder value through prudent acquisitions and asset management.
