Alpine Income Property Trust (PINE)
Collects rent from U.S. net-lease properties and interest from real-estate-secured loans.
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Owns U.S. single-tenant net-lease properties and real-estate-secured commercial loans. Rent from retail and service tenants is the core cash flow, while loan interest adds a second line; operations depend on tenant credit, rent collection, debt-market access, and CTO Realty Growth's external management platform.
Owns and operates U.S. commercial net-lease properties, mostly leased to single tenants in retail and service categories. Income Properties generates rent under leases that generally pass property operating costs to tenants, while Commercial Loans and Investments earns interest from real-estate-secured loans and related structures.
The portfolio is concentrated in the United States and spread across many markets, with credit-rated tenants anchoring a meaningful share of rent. Execution centers on sourcing properties and loans, maintaining occupancy, and using CTO Realty Growth's platform instead of an internal employee base.
The business depends on tenant credit and rent collection, loan performance, acquisition yields, debt and equity market access, REIT rules, and the external manager's allocation of personnel and related-party decisions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 28, 2026 | Raymond James | Downgrade | Target: — | Target: $22 |
| Jul 24, 2026 | Stifel Nicolaus | Target | Target: $21.50 | Target: $22 |
| Jul 24, 2026 | Industrial Alliance Securities | Target | Target: $22 | Target: $22.50 |
| Jun 30, 2026 | Baird | Downgrade | ||
| Jun 29, 2026 | Robert W. Baird | Target | Target: $19 | Target: $21 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.8M · Total debt $372.3M · Total assets $781.5M · Shareholders' equity $337.3M
- Revenue
- $20.0M
- Operating income
- $8.7M
- Net income
- $3.0M
HistoryDividendAnnual yield
| Institutions | ≈ 60.38% | 10.64M shares | |
|---|---|---|---|
| 151 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.78% | 137.9K shares | |
| 9 holders · as of Jul 30, 2026 | |||
| Strategic holders | 7.08% | 1.25M shares | |
| 1 holder · as of Aug 5, 2025 | |||
| Other | ≈ 31.76% | 5.60M shares | |
| remainder | |||
17.62M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.67% | 1.35M | as of Jun 30, 2026 |
CTO Realty Growth, Inc.Strategic10 percent owner | 7.08% | 1.25M | filed Aug 5, 2025 |
Sound Income Strategies, LLCInstitution | 7.01% | 1.24M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.82% | 672,575 | as of Jun 30, 2026 |
Two Sigma Investments, LPInstitution | 3.73% | 656,764 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 28, 2026 | Andrew C. Richardson | director | −2,000 | $20.28 |
| Jun 25, 2026 | Andrew C. Richardson | director | −2,832 | $19.96 |
| May 26, 2026 | Andrew C. Richardson | director | −1,500 | $19.39 |
| May 22, 2026 | Andrew C. Richardson | director | −500 | $18.87 |
| May 8, 2026 | Andrew C. Richardson | director | −3,000 | $19.35 |
- Realty Income
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- Essential Properties Realty Trust
Single-tenant net-lease REIT focused on service businesses
- Four Corners Property Trust
Restaurant and retail net-lease property owner
- NETSTREIT
High-credit single-tenant retail net-lease REIT
- FrontView REIT
Smaller net-lease REIT focused on visible frontage sites
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alpine Income Property Trust | $17.36 | −0.69% | $288.9M | 90.4 | 26.8 | 4.1 | +34.6% |
| Realty Income | $56.68 | +0.04% | $52.83B | 41.4 | 35.1 | 8.9 | +1.1% |
| NNN REIT | $41.71 | +0.18% | $7.92B | 20.4 | 19.9 | 8.3 | +7.2% |
| Agree Realty | $67.53 | −0.14% | $8.12B | 36.4 | 34.8 | 10.4 | +16.9% |
| Essential Properties Realty Trust | $27.25 | +1.81% | $5.79B | 20.7 | 21.3 | 8.7 | +10.3% |
| Four Corners Property Trust | $22.61 | −0.04% | $2.48B | 20.4 | 20.4 | 8.1 | +7.7% |
| NETSTREIT | $18.38 | +1.24% | $1.77B | 129.8 | 52.0 | 8.2 | +19.8% |
| FrontView REIT | $18.40 | +4.07% | $400.5M | 260.8 | — | 5.8 | +2.5% |
| Median | 36.4 | 28.1 | 8.3 | +7.7% |