ALEX vs. PINE

Last updated Jun 5, 2026

ALEX (Alexander & Baldwin, Inc.) and PINE (Alpine Income Property Trust, Inc.) are both stocks. Both are in the Real Estate sector — ALEX in REIT - Diversified, PINE in REIT - Retail. At a 0.42 correlation, their price movements are largely independent.

Performance

ALEX vs. PINE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alexander & Baldwin, Inc. (ALEX) and Alpine Income Property Trust, Inc. (PINE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ALEX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PINE

• 1D: 1.21%
• 1M: -1.03%
• YTD: 16.96%
• 6M: 14.71%
• 1Y: 35.58%
• 3Y*: 12.92%
• 5Y*: 8.20%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALEX vs. PINE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ALEX Alexander & Baldwin, Inc.	0.97%	22.82%	-1.85%	6.63%	-22.07%	50.84%	-16.39%	-3.45%
PINE Alpine Income Property Trust, Inc.	16.96%	6.97%	6.13%	-5.46%	0.95%	41.19%	-15.69%	0.47%

Correlation

The correlation between ALEX and PINE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019	0.42

The correlation between ALEX and PINE shifts across timeframes, from 0.29 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ALEX : $1.52B PINE : $322.80M
EPS ALEX : $0.89 PINE : -$0.03
PS Ratio ALEX : 7.35 PINE : 4.69
PB Ratio ALEX : 1.54 PINE : 0.97
Total Revenue (TTM) ALEX : $206.67M PINE : $64.73M
Gross Profit (TTM) ALEX : $96.11M PINE : -$2.68M
EBITDA (TTM) ALEX : $116.77M PINE : $44.14M

Return for Risk

ALEX vs. PINE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PINE

PINE Risk / Return Rank: 81
PINE Sharpe Ratio Rank: 84
PINE Sortino Ratio Rank: 81
PINE Omega Ratio Rank: 78
PINE Calmar Ratio Rank: 80
PINE Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALEX vs. PINE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alexander & Baldwin, Inc. (ALEX) and Alpine Income Property Trust, Inc. (PINE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ALEX	PINE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.65	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.17	—

Drawdowns

Drawdown Indicators

	ALEX	PINE	Difference
Max Drawdown Largest peak-to-trough decline	—	-60.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.68%	—
Current Drawdown Current decline from peak	—	-4.74%	—
Average Drawdown Average peak-to-trough decline	—	-12.23%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.07%	—

Volatility

Volatility by Period

	ALEX	PINE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	21.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.76%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	39.22%	—

Dividends

ALEX vs. PINE - Dividend Comparison

ALEX's dividend yield for the trailing twelve months is around 3.84%, less than PINE's 6.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALEX Alexander & Baldwin, Inc.	3.84%	4.97%	5.03%	4.64%	4.43%	2.67%	1.98%	3.29%	0.00%	115.54%	0.56%	0.59%
PINE Alpine Income Property Trust, Inc.	6.00%	6.82%	6.61%	6.51%	5.71%	5.06%	5.47%	0.30%	0.00%	0.00%	0.00%	0.00%

Financials

ALEX vs. PINE - Profitability Comparison

The chart below illustrates the profitability comparison between Alexander & Baldwin, Inc. and Alpine Income Property Trust, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ALEX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alexander & Baldwin, Inc. reported a gross profit of 23.15M and revenue of 50.99M. Therefore, the gross margin over that period was 45.4%.

PINE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alpine Income Property Trust, Inc. reported a gross profit of 16.10M and revenue of 18.41M. Therefore, the gross margin over that period was 87.5%.

ALEX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alexander & Baldwin, Inc. reported an operating income of 15.11M and revenue of 50.99M, resulting in an operating margin of 29.6%.

PINE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alpine Income Property Trust, Inc. reported an operating income of 6.62M and revenue of 18.41M, resulting in an operating margin of 36.0%.

ALEX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alexander & Baldwin, Inc. reported a net income of 3.78M and revenue of 50.99M, resulting in a net margin of 7.4%.

PINE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alpine Income Property Trust, Inc. reported a net income of 1.06M and revenue of 18.41M, resulting in a net margin of 5.8%.

Frequently Asked Questions

Can I hold both ALEX and PINE in my portfolio?

ALEX and PINE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.