Head-To-Head Analysis: Alpine Income Property Trust (NYSE:PINE) & Agree Realty (NYSE:ADC)

Agree Realty (NYSE:ADC) and Alpine Income Property Trust (NYSE:PINE) are both real estate companies, but which is the superior investment? We will compare the two businesses based on the strength of their earnings, risk, dividends, profitability, analyst recommendations, institutional ownership and valuation.

Insider & Institutional Ownership

97.8% of Agree Realty shares are held by institutional investors. Comparatively, 60.5% of Alpine Income Property Trust shares are held by institutional investors. 1.8% of Agree Realty shares are held by insiders. Comparatively, 0.6% of Alpine Income Property Trust shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Volatility & Risk

Agree Realty has a beta of 0.46, meaning that its share price is 54% less volatile than the S&P 500. Comparatively, Alpine Income Property Trust has a beta of 0.54, meaning that its share price is 46% less volatile than the S&P 500.

Dividends

Agree Realty pays an annual dividend of $3.20 per share and has a dividend yield of 4.7%. Alpine Income Property Trust pays an annual dividend of $1.28 per share and has a dividend yield of 7.3%. Agree Realty pays out 172.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Alpine Income Property Trust pays out 673.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Agree Realty has raised its dividend for 1 consecutive years and Alpine Income Property Trust has raised its dividend for 3 consecutive years. Alpine Income Property Trust is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Profitability

This table compares Agree Realty and Alpine Income Property Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Agree Realty	28.84%	3.90%	2.36%
Alpine Income Property Trust	9.36%	2.11%	0.91%

Analyst Ratings

This is a breakdown of current recommendations and price targets for Agree Realty and Alpine Income Property Trust, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Agree Realty	0	4	11	1	2.81
Alpine Income Property Trust	0	4	5	2	2.82

Agree Realty currently has a consensus price target of $83.25, suggesting a potential upside of 23.19%. Alpine Income Property Trust has a consensus price target of $21.50, suggesting a potential upside of 22.86%. Given Agree Realty’s higher possible upside, equities analysts plainly believe Agree Realty is more favorable than Alpine Income Property Trust.

Earnings & Valuation

This table compares Agree Realty and Alpine Income Property Trust”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Agree Realty	$718.40 million	11.70	$204.35 million	$1.86	36.33
Alpine Income Property Trust	$60.53 million	5.09	-$2.66 million	$0.19	92.11

Agree Realty has higher revenue and earnings than Alpine Income Property Trust. Agree Realty is trading at a lower price-to-earnings ratio than Alpine Income Property Trust, indicating that it is currently the more affordable of the two stocks.

Summary

Agree Realty beats Alpine Income Property Trust on 12 of the 18 factors compared between the two stocks.

About Agree Realty

Agree Realty Corporation is a publicly traded real estate investment trust that is RETHINKING RETAIL through the acquisition and development of properties net leased to industry-leading, omni-channel retail tenants. As of December 31, 2023, the Company owned and operated a portfolio of 2,135 properties, located in 49 states and containing approximately 44.2 million square feet of gross leasable area. The Company's common stock is listed on the New York Stock Exchange under the symbol "ADC".

About Alpine Income Property Trust

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.