Critical Analysis: Alpine Income Property Trust (NYSE:PINE) versus CBL & Associates Properties (OTCMKTS:CBLAQ)

CBL & Associates Properties (OTCMKTS:CBLAQ) and Alpine Income Property Trust (NYSE:PINE) are both real estate companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, institutional ownership, risk, dividends, analyst recommendations, earnings and valuation.

Insider and Institutional Ownership

60.5% of Alpine Income Property Trust shares are held by institutional investors. 20.1% of CBL & Associates Properties shares are held by insiders. Comparatively, 0.6% of Alpine Income Property Trust shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of current ratings and target prices for CBL & Associates Properties and Alpine Income Property Trust, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
CBL & Associates Properties	0	0	0	0	0.00
Alpine Income Property Trust	0	4	5	2	2.82

Alpine Income Property Trust has a consensus target price of $21.50, indicating a potential upside of 7.62%. Given Alpine Income Property Trust’s stronger consensus rating and higher possible upside, analysts plainly believe Alpine Income Property Trust is more favorable than CBL & Associates Properties.

Earnings & Valuation

This table compares CBL & Associates Properties and Alpine Income Property Trust”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
CBL & Associates Properties	$578.37 million	N/A	$135.97 million	N/A	N/A
Alpine Income Property Trust	$60.53 million	5.82	-$2.66 million	$0.19	105.14

CBL & Associates Properties has higher revenue and earnings than Alpine Income Property Trust.

Profitability

This table compares CBL & Associates Properties and Alpine Income Property Trust’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
CBL & Associates Properties	29.81%	50.54%	6.47%
Alpine Income Property Trust	9.36%	2.11%	0.91%

About CBL & Associates Properties

CBL & Associates Properties, Inc. is a real estate investment trust, which owns and operates retail properties. The firm engages in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. It operates through Malls and All Other segments. Its properties include Malls, Associated Centers, Community Centers, Office Buildings, Construction Properties and Mortgages. The company was founded on July 13, 1993 and is headquartered in Chattanooga, TN.

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.