Critical Analysis: RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) and Alpine Income Property Trust (NYSE:PINE)

Alpine Income Property Trust (NYSE:PINE) and RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) are both real estate companies, but which is the superior investment? We will compare the two companies based on the strength of their dividends, risk, profitability, earnings, analyst recommendations, institutional ownership and valuation.

Earnings & Valuation

This table compares Alpine Income Property Trust and RioCan Real Estate Investment Trust”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Alpine Income Property Trust	$69.87 million	4.92	-$2.66 million	$0.19	102.63
RioCan Real Estate Investment Trust	N/A	N/A	N/A	$2.46	6.23

RioCan Real Estate Investment Trust has lower revenue, but higher earnings than Alpine Income Property Trust. RioCan Real Estate Investment Trust 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

Alpine Income Property Trust pays an annual dividend of $1.28 per share and has a dividend yield of 6.6%. RioCan Real Estate Investment Trust pays an annual dividend of $1.41 per share and has a dividend yield of 9.2%. Alpine Income Property Trust pays out 673.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. RioCan Real Estate Investment Trust pays out 57.3% of its earnings in the form of a dividend. Alpine Income Property Trust has raised its dividend for 3 consecutive years. RioCan Real Estate Investment Trust is clearly the better dividend stock, given its higher yield and lower payout ratio.

Insider and Institutional Ownership

60.5% of Alpine Income Property Trust shares are held by institutional investors. Comparatively, 33.6% of RioCan Real Estate Investment Trust shares are held by institutional investors. 0.6% of Alpine Income Property Trust shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Analyst Ratings

This is a summary of current ratings and price targets for Alpine Income Property Trust and RioCan Real Estate Investment Trust, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Alpine Income Property Trust	0	4	5	2	2.82
RioCan Real Estate Investment Trust	0	0	0	0	0.00

Alpine Income Property Trust presently has a consensus target price of $21.50, suggesting a potential upside of 10.26%. Given Alpine Income Property Trust’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Alpine Income Property Trust is more favorable than RioCan Real Estate Investment Trust.

Profitability

This table compares Alpine Income Property Trust and RioCan Real Estate Investment Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Alpine Income Property Trust	9.36%	2.11%	0.91%
RioCan Real Estate Investment Trust	N/A	N/A	N/A

Summary

Alpine Income Property Trust beats RioCan Real Estate Investment Trust on 12 of the 15 factors compared between the two stocks.

About Alpine Income Property Trust

Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.