← BackAlpine Income Property Trust, Inc. · REIT (real estate trust)PINE
Elevated riskNext report: Around Feb 4, 2027 (est.)
The short versionA company still losing money with growing sales, with elevated risk. Institutions are adding.
Going well
- Sales up 41% in the latest quarter vs a year ago
- Raised its dividend (7.0% yield)
- Sales up 16% last year
Watch out for
- Losing money
- Share count growing 9.4% a year
- Debt above equity: 1.14x
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 13% to their holdings in the quarter ending June 2026 (92 bought, 34 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$16.27+0.4% that day
- Company value
- $434M
- Share price times all shares
- Price vs profit (P/E)
- 34.6x
- You pay about $35 for each $1 of yearly profit
- Price vs sales
- 5.7x
- Company value is 5.7 times a year of sales
- Dividend yield
- 7.0%
- Yearly dividend as a share of today's price
- Cash vs value
- 3%
- Cash as a share of company value
- Debt vs value
- 87%
- Debt as a share of company value
From PINE's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Sep '26$20.5M+40% vs a year earlier
Dec '23Tap a barSep '26
Last 12 months: $75.8M, up 32% from the 12 months before. Over 5 years, sales grew about 26% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-1.0%
- MissDebt under half of equityNot relying on borrowed money.1.35x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-4.4%
- MissProfitable every yearSteady profits, not one good year.7 of 8 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$25.8M
- MissShare count not growingNot diluting owners. Falling means buybacks.+30.9% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.86.0%
- Revenue
- $60.5M
- +15.9% vs prior year
- 5-year growth
- +25.8%/yr
- revenue, per year
- Total debt
- $377.7M
- 1.35x equity
- Free cash flow
- $25.8M
- 42.5% of revenue
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Sep 30, 2026Reported Oct 22After close4:10 pm ET - Revenue
- $20.5M
- +40.5% YoY
- EPS
- $0.18
- vs -$0.09
- Op. margin
- 48.0%
- +31.4 pts
- Gross margin
- 89.8%
- +2.8 pts
- Free cash flow
- $2.0M
- Share count
- +23.0%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
85/ 100
- This week
- 5
- Normal week
- 0.9
- vs normal
- 5.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+13.2%Institutions added 13.2% to their holdings. 92 bought, 34 sold. 3 quarters of net buying in a row.
Shares held by institutions10.6M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+9.4%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
1.1x · $396.7M debtShares outstandingLatest reported
18MWhy elevated risk- Losing money
- Share count growing 9.4% a year
- Debt above equity: 1.14x
- 3 offering filings in 6 months (may sell new shares)
Next reportAround Feb 4, 2027 (est.)Estimated from the same quarter last year
- Results filedOct 22
- Results filedJul 23
- Results filedApr 23
- Results filedFeb 5
- Results filedOct 23, 2025
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in the last 5 insider filings. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.