PINE vs. ALX

Last updated Jun 4, 2026

PINE (Alpine Income Property Trust, Inc.) and ALX (Alexander's, Inc.) are both stocks. Both operate in the REIT - Retail industry within the Real Estate sector. Over the past 5 years, PINE returned 7.94%/yr vs 6.06%/yr for ALX. At a 0.36 correlation, their price movements are largely independent.

Performance

PINE vs. ALX - Performance Comparison

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

Returns By Period

In the year-to-date period, PINE achieves a 15.57% return, which is significantly lower than ALX's 19.15% return.

PINE

• 1D: -2.11%
• 1M: -2.96%
• YTD: 15.57%
• 6M: 13.41%
• 1Y: 31.54%
• 3Y*: 12.98%
• 5Y*: 7.94%
• 10Y*: —

ALX

• 1D: 1.29%
• 1M: 4.45%
• YTD: 19.15%
• 6M: 20.32%
• 1Y: 17.45%
• 3Y*: 22.37%
• 5Y*: 6.06%
• 10Y*: 2.67%

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

PINE vs. ALX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PINE Alpine Income Property Trust, Inc.	15.57%	6.97%	6.13%	-5.46%	0.95%	41.19%	-15.69%	0.47%
ALX Alexander's, Inc.	19.15%	18.43%	1.40%	6.35%	-9.12%	0.20%	-10.24%	2.59%

Correlation

The correlation between PINE and ALX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019	0.36

The correlation between PINE and ALX shifts across timeframes, from 0.27 (1 year) to 0.38 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap PINE : $318.94M ALX : $1.28B
EPS PINE : -$0.03 ALX : $4.01
PS Ratio PINE : 4.64 ALX : 6.07
Total Revenue (TTM) PINE : $64.73M ALX : $211.68M
Gross Profit (TTM) PINE : -$2.68M ALX : $134.57M
EBITDA (TTM) PINE : $44.14M ALX : $107.52M

Return for Risk

PINE vs. ALX — Risk / Return Rank

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

PINE

PINE Risk / Return Rank: 77
PINE Sharpe Ratio Rank: 80
PINE Sortino Ratio Rank: 77
PINE Omega Ratio Rank: 73
PINE Calmar Ratio Rank: 78
PINE Martin Ratio Rank: 79

ALX

ALX Risk / Return Rank: 57
ALX Sharpe Ratio Rank: 60
ALX Sortino Ratio Rank: 51
ALX Omega Ratio Rank: 54
ALX Calmar Ratio Rank: 61
ALX Martin Ratio Rank: 61

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.

PINE vs. ALX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpine Income Property Trust, Inc. (PINE) and Alexander's, Inc. (ALX). 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.

	PINE	ALX	Difference
Sharpe ratio: Return per unit of total volatility	1.46	0.57	+0.88
Sortino ratio: Return per unit of downside risk	2.14	0.89	+1.25
Omega ratio: Gain probability vs. loss probability	1.25	1.13	+0.12
Calmar ratio: Return relative to maximum drawdown	2.40	0.99	+1.41
Martin ratio: Return relative to average drawdown	6.25	2.21	+4.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PINE vs. ALX - Sharpe Ratio Comparison

The current PINE Sharpe Ratio is 1.46, which is higher than the ALX Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of PINE and ALX, 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

	PINE	ALX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	0.57	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.23	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.29	-0.12

Drawdowns

PINE vs. ALX - Drawdown Comparison

The maximum PINE drawdown since its inception was -60.00%, smaller than the maximum ALX drawdown of -88.76%. Use the drawdown chart below to compare losses from any high point for PINE and ALX.

Drawdown Indicators

	PINE	ALX	Difference
Max Drawdown Largest peak-to-trough decline	-60.00%	-88.76%	+28.76%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-17.64%	+4.45%
Max Drawdown (3Y) Largest decline over 3 years	-24.78%	-23.17%	-1.61%
Max Drawdown (5Y) Largest decline over 5 years	-26.68%	-37.38%	+10.70%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.90%	—
Current Drawdown Current decline from peak	-5.88%	-0.86%	-5.02%
Average Drawdown Average peak-to-trough decline	-12.23%	-20.28%	+8.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.06%	7.93%	-2.87%

Volatility

PINE vs. ALX - Volatility Comparison

The current volatility for Alpine Income Property Trust, Inc. (PINE) is 5.41%, while Alexander's, Inc. (ALX) has a volatility of 9.32%. This indicates that PINE experiences smaller price fluctuations and is considered to be less risky than ALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PINE	ALX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	9.32%	-3.91%
Volatility (6M) Calculated over the trailing 6-month period	16.19%	21.30%	-5.11%
Volatility (1Y) Calculated over the trailing 1-year period	21.72%	30.53%	-8.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.76%	25.96%	-2.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.23%	25.69%	+13.54%

Dividends

PINE vs. ALX - Dividend Comparison

PINE's dividend yield for the trailing twelve months is around 6.07%, less than ALX's 7.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALX Alexander's, Inc.	7.20%	8.26%	9.00%	8.43%	8.18%	6.92%	6.49%	5.45%	5.91%	4.29%	3.75%	3.64%
PINE Alpine Income Property Trust, Inc.	6.07%	6.82%	6.61%	6.51%	5.71%	5.06%	5.47%	0.30%	0.00%	0.00%	0.00%	0.00%

Financials

PINE vs. ALX - Profitability Comparison

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

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%.

ALX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alexander's, Inc. reported a gross profit of 24.43M and revenue of 53.41M. Therefore, the gross margin over that period was 45.7%.

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%.

ALX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alexander's, Inc. reported an operating income of 13.95M and revenue of 53.41M, resulting in an operating margin of 26.1%.

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%.

ALX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alexander's, Inc. reported a net income of 4.66M and revenue of 53.41M, resulting in a net margin of 8.7%.

Frequently Asked Questions

Can I hold both PINE and ALX in my portfolio?

PINE and ALX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PINE or ALX?

ALX has higher volatility (9.32%) compared to PINE (5.41%). In terms of maximum drawdown, PINE dropped -60.00% vs ALX's -88.76%.

Which has better risk-adjusted returns?

PINE currently has the higher Sharpe Ratio (1.46 vs 0.57), 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.