Alpine Income Property Trust, Inc. (PINE) intrinsic value & 10-year financials
Alpine Income Property Trust, Inc. (PINE) has a Graham intrinsic value of $4.65 per share. At $17.93 on Oct 17, 2026, the stock trades 286% above that value. Over the last 9 fiscal years revenue grew 26.4% a year to $60.5M, with an average return on invested capital of 1.9%.
- Graham intrinsic value
- $4.65
- Share price (Oct 17, 2026)
- $17.93
- Price vs Graham value
- 286% above
- Market cap
- $278.9M
- Revenue (FY2025)
- $60.5M
- Revenue growth (9-yr CAGR)
- 26.4%
- ROIC (10-yr avg)
- 1.9%
- Free cash flow (FY2025)
- -$218.7M
PINE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $60.5M | -$2.7M | -$0.22 | -$218.7M | 21.7% | -0.4% |
| FY2024 | $52.2M | $2.1M | $0.14 | -$106.8M | 26.8% | 0.4% |
| FY2023 | $45.6M | $2.9M | $0.19 | -$94.2M | 28.8% | 0.6% |
| FY2022 | $45.2M | $29.7M | $2.17 | -$164.5M | 96.2% | 6.1% |
| FY2021 | $30.1M | $10.0M | $0.89 | -$206.2M | 50.3% | 2.9% |
| FY2020 | $19.2M | $985.0K | $0.11 | — | 13.6% | 0.4% |
| FY2019 | — | — | — | — | — | — |
| FY2018 | $11.7M | $4.0M | — | — | 34.3% | 3.3% |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Alpine Income Property Trust, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Alpine Income Property Trust, Inc. has historically struggled to out-earn its cost of capital, averaging just 1.7% ROIC.
Alpine Income Property Trust, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Alpine Income Property Trust, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.65 per share.