
PINE Stock Forecast & Price Target
PINE Analyst Ratings
Bulls say
Alpine Income Property Trust Inc has demonstrated financial strength with its top tenants, Dick's Sporting Goods and Lowe's, now accounting for 20% of annual base rent, indicating stable and reliable income from its high-quality retail properties. The company is also seeing robust growth in its financial metrics, with expectations for funds from operations (FFO) and adjusted funds from operations (AFFO) projected to reach $1.82, an increase from the previous range of $1.74-$1.77. Additionally, Alpine has raised its investment guidance for FY25 to a range of $200-$230 million, up from $100-$130 million, reflecting confidence in its ability to identify and capitalize on attractive lending opportunities.
Bears say
Alpine Income Property Trust Inc faces a negative outlook primarily due to a significant decline in investment-grade (IG) assets as a percentage of its annualized base rent (ABR), which has contributed to concerns about exit cash cap rates returning to historical levels that may not support robust income growth. The reduction of Walgreens exposure in the company's portfolio indicates a strategic shift, yet raises questions about tenant diversification and reliance on specific retail properties. Additionally, existing leverage risks associated with fluctuating interest rates threaten to diminish returns for common shareholders and may exacerbate financial volatility in a challenging economic environment marked by uncertainties in commercial real estate fundamentals.
This aggregate rating is based on analysts' research of Alpine Income Property Trust and is not a guaranteed prediction by Public.com or investment advice.
PINE Analyst Forecast & Price Prediction
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