Agree Realty (NYSE:ADC) vs. Alpine Income Property Trust (NYSE:PINE) Financial Comparison

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

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

Earnings and Valuation

This table compares Agree Realty and Alpine Income Property Trust”s 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	12.53	$204.35 million	$1.94	35.67
Alpine Income Property Trust	$60.53 million	4.92	-$2.66 million	$0.46	36.12

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.

Dividends

Agree Realty pays an annual dividend of $3.25 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 7.7%. Agree Realty pays out 167.5% 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 278.3% 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 increased its dividend for 1 consecutive years and Alpine Income Property Trust has increased 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.

Analyst Ratings

This is a summary of recent ratings and target prices for Agree Realty and Alpine Income Property Trust, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Agree Realty	0	6	10	1	2.71
Alpine Income Property Trust	0	3	5	3	3.00

Agree Realty presently has a consensus price target of $79.85, indicating a potential upside of 15.40%. Alpine Income Property Trust has a consensus price target of $20.50, indicating a potential upside of 23.38%. Given Alpine Income Property Trust’s stronger consensus rating and higher probable upside, analysts clearly believe Alpine Income Property Trust is more favorable than Agree Realty.

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	29.75%	4.00%	2.43%
Alpine Income Property Trust	16.55%	3.68%	1.64%

Volatility and Risk

Agree Realty has a beta of 0.4, indicating that its stock price is 60% less volatile than the S&P 500. Comparatively, Alpine Income Property Trust has a beta of 0.59, indicating that its stock price is 41% less volatile than the S&P 500.

Summary

Agree Realty beats Alpine Income Property Trust on 11 of the 18 factors compared between the two stocks.

About Agree Realty

Agree Realty Corporation is a real estate investment trust (REIT) focused on acquiring, developing and managing net-leased properties, primarily occupied by retail businesses. Its portfolio includes freestanding stores and other properties leased to national and regional retailers. Under net leases, tenants generally assume responsibility for property expenses such as taxes, insurance and maintenance, while Agree Realty owns the real estate and collects rent. The company’s properties are located across the United States.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc. is a real estate investment trust that owns and manages income-producing commercial properties. Its portfolio focuses primarily on single-tenant retail properties leased to national and regional businesses, along with select other commercial real estate. Many of the company’s properties are leased under net lease agreements, in which tenants pay some or all property expenses in addition to rent. Alpine seeks to generate rental income through leases with businesses operating across a range of industries.