$Alpine Income Property Trust (PINE.US)$Listed in 2019, reve...
$Alpine Income Property Trust (PINE.US)$Listed in 2019, revenue grew continuously for 4 years after listing, with an average growth rate of 40%. Operating profit shrank in the first two years and increased sharply in the next two years. The average growth rate was 27%, and the average net profit growth rate was 65%.
Revenue increased by 2.4% in the first two quarters of 2023. Operating profit shrank sharply by 32.4%, mainly due to the rapid increase in expenses, and net profit shrank sharply by 77.5%.
Of the total assets of 0.57 billion, real estate is 0.46 billion, and intangible assets are 0.05 billion. The total debt is 0.26 billion. Total assets excluding intangible assets and total liabilities are 0.26 billion. The current market value is 0.23 billion, which is slightly discounted.
Currently, the price-earnings ratio is 7.6, the price-earnings ratio is TTM 12.9, and the dividend ratio is 6.7%. Considering that revenue growth has clearly shown signs of slowing down in the past 4 quarters, expenses have increased too fast, so let's observe for the time being.
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