vs

Side-by-side financial comparison of AMERICAN REALTY INVESTORS INC (ARL) and Alpine Income Property Trust, Inc. (PINE). Click either name above to swap in a different company.

Alpine Income Property Trust, Inc. is the larger business by last-quarter revenue ($18.4M vs $13.0M, roughly 1.4× AMERICAN REALTY INVESTORS INC). AMERICAN REALTY INVESTORS INC runs the higher net margin — 75.2% vs 11.9%, a 63.3% gap on every dollar of revenue. On growth, Alpine Income Property Trust, Inc. posted the faster year-over-year revenue change (29.6% vs 8.1%). Over the past eight quarters, Alpine Income Property Trust, Inc.'s revenue compounded faster (21.4% CAGR vs 4.6%).

Weingarten Realty Investors was a real estate investment trust that invested in shopping centers, primarily in the Southern United States and primarily with grocery stores as the anchor stores. In August 2021, the company was acquired by Kimco Realty.

Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust that owns and operates a diversified portfolio of single-tenant net lease commercial properties across the United States. Its core asset segments include essential retail, industrial, and suburban office spaces, delivering stable recurring rental revenue to support consistent returns for its shareholders.

ARL vs PINE — Head-to-Head

Bigger by revenue
PINE
PINE
1.4× larger
PINE
$18.4M
$13.0M
ARL
Growing faster (revenue YoY)
PINE
PINE
+21.5% gap
PINE
29.6%
8.1%
ARL
Higher net margin
ARL
ARL
63.3% more per $
ARL
75.2%
11.9%
PINE
Faster 2-yr revenue CAGR
PINE
PINE
Annualised
PINE
21.4%
4.6%
ARL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARL
ARL
PINE
PINE
Revenue
$13.0M
$18.4M
Net Profit
$9.8M
$2.2M
Gross Margin
Operating Margin
-23.3%
35.4%
Net Margin
75.2%
11.9%
Revenue YoY
8.1%
29.6%
Net Profit YoY
6175.8%
285.3%
EPS (diluted)
$0.60
$0.06

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARL
ARL
PINE
PINE
Q1 26
$18.4M
Q4 25
$13.0M
$16.9M
Q3 25
$12.8M
$14.6M
Q2 25
$12.2M
$14.9M
Q1 25
$12.0M
$14.2M
Q4 24
$12.0M
$13.8M
Q3 24
$11.6M
$13.5M
Q2 24
$11.8M
$12.5M
Net Profit
ARL
ARL
PINE
PINE
Q1 26
$2.2M
Q4 25
$9.8M
$1.5M
Q3 25
$129.0K
$-1.3M
Q2 25
$2.8M
$-1.6M
Q1 25
$3.0M
$-1.2M
Q4 24
$-161.0K
$-958.0K
Q3 24
$-17.5M
$3.1M
Q2 24
$1.2M
$204.0K
Operating Margin
ARL
ARL
PINE
PINE
Q1 26
35.4%
Q4 25
-23.3%
35.3%
Q3 25
-12.3%
16.6%
Q2 25
-8.3%
16.8%
Q1 25
-6.8%
16.0%
Q4 24
-14.8%
14.3%
Q3 24
-17.8%
47.9%
Q2 24
-10.8%
24.0%
Net Margin
ARL
ARL
PINE
PINE
Q1 26
11.9%
Q4 25
75.2%
8.7%
Q3 25
1.0%
-9.0%
Q2 25
23.2%
-11.0%
Q1 25
24.7%
-8.3%
Q4 24
-1.3%
-6.9%
Q3 24
-150.4%
22.8%
Q2 24
9.9%
1.6%
EPS (diluted)
ARL
ARL
PINE
PINE
Q1 26
$0.06
Q4 25
$0.60
$0.07
Q3 25
$0.01
$-0.09
Q2 25
$0.18
$-0.12
Q1 25
$0.18
$-0.08
Q4 24
$-0.01
$-0.06
Q3 24
$-1.08
$0.21
Q2 24
$0.07
$0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARL
ARL
PINE
PINE
Cash + ST InvestmentsLiquidity on hand
$89.1M
$2.6M
Total DebtLower is stronger
$214.4M
Stockholders' EquityBook value
$617.4M
$312.5M
Total Assets
$1.1B
$745.1M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARL
ARL
PINE
PINE
Q1 26
$2.6M
Q4 25
$89.1M
$4.6M
Q3 25
$82.8M
$1.2M
Q2 25
$73.5M
$5.0M
Q1 25
$88.7M
$6.1M
Q4 24
$99.7M
$1.6M
Q3 24
$131.6M
$2.6M
Q2 24
$127.5M
$3.3M
Total Debt
ARL
ARL
PINE
PINE
Q1 26
Q4 25
$214.4M
$377.7M
Q3 25
$227.0M
$358.2M
Q2 25
$216.0M
$352.6M
Q1 25
$201.7M
$356.5M
Q4 24
$185.4M
$301.5M
Q3 24
$183.8M
$278.9M
Q2 24
$181.0M
$268.3M
Stockholders' Equity
ARL
ARL
PINE
PINE
Q1 26
$312.5M
Q4 25
$617.4M
$279.9M
Q3 25
$607.8M
$223.5M
Q2 25
$607.8M
$229.8M
Q1 25
$604.9M
$240.9M
Q4 24
$601.8M
$253.0M
Q3 24
$602.2M
$248.2M
Q2 24
$619.9M
$244.0M
Total Assets
ARL
ARL
PINE
PINE
Q1 26
$745.1M
Q4 25
$1.1B
$715.9M
Q3 25
$1.1B
$621.4M
Q2 25
$1.1B
$628.4M
Q1 25
$1.0B
$647.4M
Q4 24
$1.0B
$605.0M
Q3 24
$1.0B
$579.0M
Q2 24
$1.0B
$565.8M
Debt / Equity
ARL
ARL
PINE
PINE
Q1 26
Q4 25
0.35×
1.35×
Q3 25
0.37×
1.60×
Q2 25
0.36×
1.53×
Q1 25
0.33×
1.48×
Q4 24
0.31×
1.19×
Q3 24
0.31×
1.12×
Q2 24
0.29×
1.10×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARL
ARL
PINE
PINE
Operating Cash FlowLast quarter
$-5.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARL
ARL
PINE
PINE
Q1 26
Q4 25
$-5.6M
$25.8M
Q3 25
$8.0M
$8.7M
Q2 25
$-2.9M
$9.1M
Q1 25
$-7.4M
$5.8M
Q4 24
$1.1M
$23.4M
Q3 24
$13.5M
$6.2M
Q2 24
$-503.0K
$8.0M
Free Cash Flow
ARL
ARL
PINE
PINE
Q1 26
Q4 25
$-87.8M
Q3 25
$-48.8M
Q2 25
$-3.0M
Q1 25
$-55.5M
Q4 24
$-33.4M
Q3 24
$-43.0M
Q2 24
$-13.5M
FCF Margin
ARL
ARL
PINE
PINE
Q1 26
Q4 25
-519.4%
Q3 25
-334.9%
Q2 25
-20.0%
Q1 25
-391.0%
Q4 24
-242.4%
Q3 24
-319.3%
Q2 24
-108.0%
Capex Intensity
ARL
ARL
PINE
PINE
Q1 26
Q4 25
671.8%
Q3 25
394.8%
Q2 25
81.2%
Q1 25
432.0%
Q4 24
412.3%
Q3 24
365.4%
Q2 24
172.3%
Cash Conversion
ARL
ARL
PINE
PINE
Q1 26
Q4 25
-0.57×
17.48×
Q3 25
61.81×
Q2 25
-1.03×
Q1 25
-2.50×
Q4 24
Q3 24
2.02×
Q2 24
-0.43×
39.37×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARL
ARL

Segment breakdown not available.

PINE
PINE

Lease Income$12.6M68%
Other$5.8M31%
Other Revenue$46.0K0%

Related Comparisons