Alpine Looks Cheap, But Triple Net Peers Are Better

Alpine Income Property Trust (NYSE:PINE) could be considered a compelling value play with a nearly 12% AFFO yield that easily funds its 7.6% dividend. However, a variety of problems and risk factors make it lower quality than peers, which are only slightly more expensive. This article will examine the extreme value of PINE as well as the challenges the company may face over the next few years. If events play out in certain ways, PINE could become opportunistic, so we will discuss what could change that woul ...