WallStSmart

Agree Realty Corporation (ADC)vsAlpine Income Property Trust, Inc. (PINE)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Agree Realty Corporation generates 1016% more annual revenue ($779.62M vs $69.87M). ADC leads profitability with a 28.8% profit margin vs 9.4%. ADC trades at a lower P/E of 39.1x. ADC earns a higher WallStSmart Score of 64/100 (C+).

ADC

Buy

64

out of 100

Grade: C+

Growth: 6.7Profit: 7.0Value: 8.0Quality: 4.0
Piotroski: 3/9Altman Z: 1.16

PINE

Buy

62

out of 100

Grade: C+

Growth: 9.3Profit: 6.0Value: 4.0Quality: 2.5
Piotroski: 1/9Altman Z: 0.50
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ADCUndervalued (+79.2%)

Margin of Safety

+79.2%

Fair Value

$369.40

Current Price

$68.05

$301.35 discount

UndervaluedFair: $369.40Overvalued

Intrinsic value data unavailable for PINE.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ADC5 strengths · Avg: 9.4/10
PEG RatioValuation
0.1310/10

Growing faster than its price suggests

Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Operating MarginProfitability
48.1%10/10

Strong operational efficiency at 48.1%

Profit MarginProfitability
28.8%9/10

Keeps 29 of every $100 in revenue as profit

Revenue GrowthGrowth
16.8%8/10

16.8% revenue growth

PINE4 strengths · Avg: 10.0/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Operating MarginProfitability
44.4%10/10

Strong operational efficiency at 44.4%

Revenue GrowthGrowth
34.6%10/10

Revenue surging 34.6% year-over-year

EPS GrowthGrowth
75.7%10/10

Earnings expanding 75.7% YoY

Areas to Watch

ADC4 concerns · Avg: 3.5/10
P/E RatioValuation
39.1x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
2.1%4/10

2.1% earnings growth

Return on EquityProfitability
3.5%3/10

ROE of 3.5% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PINE4 concerns · Avg: 3.0/10
Market CapQuality
$336.75M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
0.3%3/10

ROE of 0.3% — below average capital efficiency

Debt/EquityHealth
1.103/10

Elevated debt levels

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : ADC

The strongest argument for ADC centers on PEG Ratio, Price/Book, Operating Margin. Profitability is solid with margins at 28.8% and operating margin at 48.1%. Revenue growth of 16.8% demonstrates continued momentum.

Bull Case : PINE

The strongest argument for PINE centers on Price/Book, Operating Margin, Revenue Growth. Revenue growth of 34.6% demonstrates continued momentum.

Bear Case : ADC

The primary concerns for ADC are P/E Ratio, EPS Growth, Return on Equity.

Bear Case : PINE

The primary concerns for PINE are Market Cap, Return on Equity, Debt/Equity. A P/E of 85.1x leaves little room for execution misses.

Key Dynamics to Monitor

ADC profiles as a growth stock while PINE is a hypergrowth play — different risk/reward profiles.

PINE carries more volatility with a beta of 0.58 — expect wider price swings.

PINE is growing revenue faster at 34.6% — sustainability is the question.

PINE generates stronger free cash flow (-14M), providing more financial flexibility.

Bottom Line

ADC scores higher overall (64/100 vs 62/100), backed by strong 28.8% margins and 16.8% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Agree Realty Corporation

REAL ESTATE · REIT - RETAIL · USA

Agree Realty Corporation is a publicly traded real estate investment trust primarily engaged in the acquisition and development of net leased properties to industry leading retail tenants.

Alpine Income Property Trust, Inc.

REAL ESTATE · REIT - RETAIL · USA

Alpine Income Property Trust, Inc. (Ticker: PINE) is a leading real estate investment trust (REIT) that specializes in acquiring and managing a diverse portfolio of high-quality retail and commercial properties across the United States, all under long-term net leases with financially stable tenants. By concentrating on net-leased assets, PINE not only ensures a steady stream of rental income but also aims to enhance total shareholder returns through disciplined capital management and operational efficiency. The company's strategic focus on stability and capital growth positions it as an attractive investment opportunity for institutional investors seeking to diversify their real estate holdings in a competitive landscape.

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