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Ken GriffinHeld
Citadel Advisors · Q2 2026
$1.1M
52.76K shares · 0.0% of portfolio
Alpine Income Property Trust, Inc.
Alpine Income Property Trust, Inc. (PINE) is listed on NYSE and classified in REIT - Retail, part of the Real Estate sector. It is headquartered in Winter Park, United States. The company is worth $343.53M and trades at 85.4x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $60.53M in fiscal 2025, up 15.9% from the year before. It reported a net loss of $2.66M. The share price is 18.5% below its 52-week high of $21.99. It pays a dividend yielding 6.75%, and has raised its annual dividend for 5 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $13.63M. In that quarter, 2 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +0.2% over 5Y.
today you would have $1,344.07▲ +34.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 6 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Year-end price | $16.72 | $16.79 | $16.91 | $19.08 | $20.04 | $14.99 | |
| P/E | 89.0x | — | 119.9x | 89.0x | 8.8x | 22.5x | 136.3x |
| P/S | 5.4x | 4.2x | 4.7x | 5.0x | 5.9x | 7.8x | 5.8x |
| P/B | 0.9x | 0.9x | 1.0x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 6.2% a year plus a 6.7% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 89.0 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| KREFKKR Real Estate Finance Trust Inc. | $5.72 | — | 0.5x | 12.24% | -16.52% | $335.07M |
| NREFNexPoint Real Estate Finance, Inc. | $15.42 | 6.7x | 0.8x | 12.97% | 14.87% | $355.19M |
| FRPHFrp Holdings Inc | $19.24 | — | 0.9x | 0.00% | -0.12% | $369.38M |
| CHCTCommunity Healthcare Trust Inc |
| 0.9x |
| 1.0x |
| 1.2x |
| 0.9x |
| EPS | -$0.22 | $0.14 | $0.19 | $2.17 | $0.89 | $0.11 |
| Dividend yield | 6.11% | 6.82% | 6.61% | 6.51% | 5.71% | 5.06% | 5.47% |
| Payout | 578.95% | — | 792.86% | 578.95% | 50.23% | 114.04% | 745.45% |
| Profit margin | 5.75% | -4.39% | 3.96% | 6.39% | 65.77% | 33.07% | 5.12% |
| ROE | 0.99% | -0.95% | 0.82% | 1.16% | 11.36% | 5.07% | 0.78% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+89.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $12.93 |
| 19.6x |
| 0.8x |
| 13.61% |
| 4.92% |
| $370.49M |
| LANDGLADSTONE LAND Corp | $8.80 | — | 0.6x | 6.36% | -0.96% | $379.6M |
| RMRRMR Group Inc | $17.78 | 15.1x | 1.4x | 10.12% | 10.86% | $303.69M |