MRP vs. PINE

Last updated Apr 1, 2026

Compare and contrast key facts about Millrose Properties, Inc (MRP) and Alpine Income Property Trust, Inc. (PINE).

Performance

MRP vs. PINE - Performance Comparison

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

MRP vs. PINE - Yearly Performance Comparison

	2026 (YTD)	2025
MRP Millrose Properties, Inc	-3.84%	18.79%
PINE Alpine Income Property Trust, Inc.	9.37%	10.73%

Fundamentals

Market Cap MRP : $4.65B PINE : $279.95M
EPS MRP : $2.44 PINE : -$0.21
PS Ratio MRP : 7.74 PINE : 4.60
PB Ratio MRP : 0.79 PINE : 0.93
Total Revenue (TTM) MRP : $600.46M PINE : $60.53M
Gross Profit (TTM) MRP : $376.90M PINE : $51.49M
EBITDA (TTM) MRP : $487.16M PINE : $43.33M

Returns By Period

In the year-to-date period, MRP achieves a -3.84% return, which is significantly lower than PINE's 9.37% return.

MRP

• 1D: 2.64%
• 1M: -10.71%
• YTD: -3.84%
• 6M: -12.61%
• 1Y: 15.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PINE

• 1D: 0.00%
• 1M: -7.27%
• YTD: 9.37%
• 6M: 31.18%
• 1Y: 15.40%
• 3Y*: 9.43%
• 5Y*: 6.75%
• 10Y*: —

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

Return for Risk

MRP vs. PINE — Risk / Return Rank

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

MRP

MRP Risk / Return Rank: 58
MRP Sharpe Ratio Rank: 62
MRP Sortino Ratio Rank: 55
MRP Omega Ratio Rank: 52
MRP Calmar Ratio Rank: 59
MRP Martin Ratio Rank: 60

PINE

PINE Risk / Return Rank: 60
PINE Sharpe Ratio Rank: 67
PINE Sortino Ratio Rank: 59
PINE Omega Ratio Rank: 56
PINE Calmar Ratio Rank: 60
PINE Martin Ratio Rank: 58

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.

MRP vs. PINE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Millrose Properties, Inc (MRP) 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.

	MRP	PINE	Difference
Sharpe ratio Return per unit of total volatility	0.56	0.69	-0.13
Sortino ratio Return per unit of downside risk	0.98	1.11	-0.13
Omega ratio Gain probability vs. loss probability	1.11	1.13	-0.02
Calmar ratio Return relative to maximum drawdown	0.78	0.80	-0.02
Martin ratio Return relative to average drawdown	1.86	1.62	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRP vs. PINE - Sharpe Ratio Comparison

The current MRP Sharpe Ratio is 0.56, which is comparable to the PINE Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of MRP and PINE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MRP	PINE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	0.69	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.14	+0.24

Correlation

The correlation between MRP and PINE is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MRP vs. PINE - Dividend Comparison

MRP's dividend yield for the trailing twelve months is around 9.11%, more than PINE's 6.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
MRP Millrose Properties, Inc	9.11%	6.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PINE Alpine Income Property Trust, Inc.	6.42%	6.82%	6.61%	6.51%	5.71%	5.06%	5.47%	0.30%

Drawdowns

MRP vs. PINE - Drawdown Comparison

The maximum MRP drawdown since its inception was -20.64%, smaller than the maximum PINE drawdown of -60.00%. Use the drawdown chart below to compare losses from any high point for MRP and PINE.

Drawdown Indicators

	MRP	PINE	Difference
Max Drawdown Largest peak-to-trough decline	-20.64%	-60.00%	+39.36%
Max Drawdown (1Y) Largest decline over 1 year	-19.39%	-20.13%	+0.74%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.68%	—
Current Drawdown Current decline from peak	-17.26%	-10.93%	-6.33%
Average Drawdown Average peak-to-trough decline	-7.32%	-12.44%	+5.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.14%	9.99%	-1.85%

Volatility

MRP vs. PINE - Volatility Comparison

Millrose Properties, Inc (MRP) has a higher volatility of 9.08% compared to Alpine Income Property Trust, Inc. (PINE) at 6.09%. This indicates that MRP's price experiences larger fluctuations and is considered to be riskier than PINE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRP	PINE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.08%	6.09%	+2.99%
Volatility (6M) Calculated over the trailing 6-month period	19.24%	16.26%	+2.98%
Volatility (1Y) Calculated over the trailing 1-year period	27.20%	22.52%	+4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.39%	24.11%	+8.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.39%	39.58%	-7.19%

Financials

MRP vs. PINE - Profitability Comparison

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

MRP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Millrose Properties, Inc reported a gross profit of 0.00 and revenue of 189.50M. Therefore, the gross margin over that period was 0.0%.

PINE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Alpine Income Property Trust, Inc. reported a gross profit of 14.97M and revenue of 16.90M. Therefore, the gross margin over that period was 88.6%.

MRP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Millrose Properties, Inc reported an operating income of 160.74M and revenue of 189.50M, resulting in an operating margin of 84.8%.

PINE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Alpine Income Property Trust, Inc. reported an operating income of 5.96M and revenue of 16.90M, resulting in an operating margin of 35.3%.

MRP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Millrose Properties, Inc reported a net income of 147.20M and revenue of 189.50M, resulting in a net margin of 77.7%.

PINE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Alpine Income Property Trust, Inc. reported a net income of 921.00K and revenue of 16.90M, resulting in a net margin of 5.5%.