FCPT vs. PINE

Last updated Jun 3, 2026

FCPT (Four Corners Property Trust, Inc.) and PINE (Alpine Income Property Trust, Inc.) are both stocks. Both operate in the REIT - Retail industry within the Real Estate sector. Over the past 5 years, FCPT returned 2.48%/yr vs 8.15%/yr for PINE. At a 0.44 correlation, their price movements are largely independent.

Performance

FCPT vs. PINE - Performance Comparison

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

Returns By Period

In the year-to-date period, FCPT achieves a 7.59% return, which is significantly lower than PINE's 18.06% return.

FCPT

• 1D: 0.62%
• 1M: -3.71%
• YTD: 7.59%
• 6M: 6.79%
• 1Y: -6.04%
• 3Y*: 3.23%
• 5Y*: 2.48%
• 10Y*: 7.36%

PINE

• 1D: 1.46%
• 1M: 0.94%
• YTD: 18.06%
• 6M: 16.39%
• 1Y: 34.90%
• 3Y*: 13.79%
• 5Y*: 8.15%
• 10Y*: —

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

FCPT vs. PINE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FCPT Four Corners Property Trust, Inc.	7.59%	-10.14%	13.14%	3.10%	-7.20%	3.42%	12.37%	1.81%
PINE Alpine Income Property Trust, Inc.	18.06%	6.97%	6.13%	-5.46%	0.95%	41.19%	-15.69%	0.47%

Correlation

The correlation between FCPT and PINE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019	0.44

The correlation between FCPT and PINE shifts across timeframes, from 0.38 (1 year) to 0.50 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap FCPT : $2.68B PINE : $325.81M
EPS FCPT : $1.11 PINE : -$0.03
PS Ratio FCPT : 8.50 PINE : 4.74
PB Ratio FCPT : 1.61 PINE : 0.98
Total Revenue (TTM) FCPT : $300.82M PINE : $64.73M
Gross Profit (TTM) FCPT : $294.71M PINE : -$2.68M
EBITDA (TTM) FCPT : $204.98M PINE : $44.14M

Return for Risk

FCPT vs. PINE — Risk / Return Rank

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

FCPT

FCPT Risk / Return Rank: 24
FCPT Sharpe Ratio Rank: 25
FCPT Sortino Ratio Rank: 21
FCPT Omega Ratio Rank: 22
FCPT Calmar Ratio Rank: 27
FCPT Martin Ratio Rank: 26

PINE

PINE Risk / Return Rank: 80
PINE Sharpe Ratio Rank: 83
PINE Sortino Ratio Rank: 80
PINE Omega Ratio Rank: 76
PINE Calmar Ratio Rank: 80
PINE Martin Ratio Rank: 81

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.

FCPT vs. PINE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Four Corners Property Trust, Inc. (FCPT) 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.

	FCPT	PINE	Difference
Sharpe ratio Return per unit of total volatility	-0.36	1.62	-1.98
Sortino ratio Return per unit of downside risk	-0.40	2.34	-2.74
Omega ratio Gain probability vs. loss probability	0.95	1.28	-0.33
Calmar ratio Return relative to maximum drawdown	-0.40	2.73	-3.12
Martin ratio Return relative to average drawdown	-0.75	7.12	-7.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCPT vs. PINE - Sharpe Ratio Comparison

The current FCPT Sharpe Ratio is -0.36, which is lower than the PINE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of FCPT and PINE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FCPT	PINE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	1.62	-1.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.35	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.17	+0.20

Drawdowns

FCPT vs. PINE - Drawdown Comparison

The maximum FCPT drawdown since its inception was -57.60%, roughly equal to the maximum PINE drawdown of -60.00%. Use the drawdown chart below to compare losses from any high point for FCPT and PINE.

Drawdown Indicators

	FCPT	PINE	Difference
Max Drawdown Largest peak-to-trough decline	-57.60%	-60.00%	+2.40%
Max Drawdown (1Y) Largest decline over 1 year	-15.49%	-13.19%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	-23.97%	-24.78%	+0.81%
Max Drawdown (5Y) Largest decline over 5 years	-25.96%	-26.68%	+0.72%
Max Drawdown (10Y) Largest decline over 10 years	-57.60%	—	—
Current Drawdown Current decline from peak	-12.16%	-3.85%	-8.31%
Average Drawdown Average peak-to-trough decline	-8.27%	-12.24%	+3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.22%	5.05%	+3.17%

Volatility

FCPT vs. PINE - Volatility Comparison

The current volatility for Four Corners Property Trust, Inc. (FCPT) is 5.05%, while Alpine Income Property Trust, Inc. (PINE) has a volatility of 5.32%. This indicates that FCPT experiences smaller price fluctuations and is considered to be less risky than PINE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCPT	PINE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	5.32%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	12.35%	16.10%	-3.75%
Volatility (1Y) Calculated over the trailing 1-year period	16.79%	21.61%	-4.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	24.04%	-4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.73%	39.23%	-8.50%

Dividends

FCPT vs. PINE - Dividend Comparison

FCPT's dividend yield for the trailing twelve months is around 5.91%, which matches PINE's 5.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FCPT Four Corners Property Trust, Inc.	5.91%	6.21%	5.12%	5.40%	5.16%	4.37%	5.16%	4.08%	3.15%	3.90%	45.27%
PINE Alpine Income Property Trust, Inc.	5.94%	6.82%	6.61%	6.51%	5.71%	5.06%	5.47%	0.30%	0.00%	0.00%	0.00%

Financials

FCPT vs. PINE - Profitability Comparison

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

FCPT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Four Corners Property Trust, Inc. reported a gross profit of 74.79M and revenue of 78.17M. Therefore, the gross margin over that period was 95.7%.

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%.

FCPT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Four Corners Property Trust, Inc. reported an operating income of 43.24M and revenue of 78.17M, resulting in an operating margin of 55.3%.

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%.

FCPT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Four Corners Property Trust, Inc. reported a net income of 30.33M and revenue of 78.17M, resulting in a net margin of 38.8%.

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 FCPT and PINE in my portfolio?

FCPT and PINE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCPT or PINE?

PINE has higher volatility (5.32%) compared to FCPT (5.05%). In terms of maximum drawdown, FCPT dropped -57.60% vs PINE's -60.00%.

Which has better risk-adjusted returns?

PINE currently has the higher Sharpe Ratio (1.62 vs -0.36), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.