Comprehensive Stock Comparison
Compare Realty Income Corporation (O) vs Alpine Income Property Trust, Inc. (PINE) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | PINE | 15.9% revenue growth vs O's 9.1% |
| Value | O | Lower P/E (41.8x vs 49.8x) |
| Quality / Margins | O | 18.4% net margin vs PINE's -5.3% |
| Stability / Safety | O | Beta 0.19 vs PINE's 0.25 |
| Dividends | PINE | 0.2% yield; O pays no meaningful dividend |
| Momentum (1Y) | PINE | +25.8% vs O's +23.6% |
| Efficiency (ROA) | O | 1.5% ROA vs PINE's -0.4%, ROIC 2.3% vs 2.2% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Realty Income is a real estate investment trust that owns and leases single-tenant commercial properties to retail and service-oriented businesses. It generates revenue primarily through long-term triple-net leases—where tenants pay rent plus property expenses—with retail clients like convenience stores and drugstores accounting for roughly 80% of its portfolio. The company's moat lies in its massive scale, diversified tenant base, and long-term lease structure that provides predictable monthly cash flow supporting its famous monthly dividend payments.
Alpine Income Property Trust is a real estate investment trust that acquires and operates single-tenant commercial properties leased to creditworthy tenants under long-term net lease agreements. It generates revenue primarily through rental income from its portfolio of retail and commercial properties — with over 90% of its properties occupied by national or regional tenants. The company's moat lies in its focus on essential-service retail properties with long-term leases to recession-resistant tenants, providing stable cash flows.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
O leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). PINE leads in 1 (Valuation Metrics). 1 tied.
Financial Metrics (TTM)
O is the larger business by revenue, generating $5.7B annually — 95.0x PINE's $61M. O is the more profitable business, keeping 18.4% of every revenue dollar as net income compared to PINE's -5.3%. On growth, PINE holds the edge at +22.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ORealty Income Cor… | PINEAlpine Income Pro… |
|---|---|---|
| RevenueTrailing 12 months | $5.7B | $61M |
| EBITDAEarnings before interest/tax | $4.1B | $41M |
| Net IncomeAfter-tax profit | $1.1B | -$3M |
| Free Cash FlowCash after capex | $2.8B | -$4M |
| Gross MarginGross profit ÷ Revenue | +89.8% | +85.1% |
| Operating MarginEBIT ÷ Revenue | +28.3% | +21.7% |
| Net MarginNet income ÷ Revenue | +18.4% | -5.3% |
| FCF MarginFCF ÷ Revenue | +48.5% | -6.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +11.0% | +22.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +39.1% | +190.4% |
Valuation Metrics
On an enterprise value basis, PINE's 7.1x EV/EBITDA is more attractive than O's 15.2x.
| Metric | ORealty Income Cor… | PINEAlpine Income Pro… |
|---|---|---|
| Market CapShares × price | $62.6B | $292M |
| Enterprise ValueMkt cap + debt − cash | $62.1B | $287M |
| Trailing P/EPrice ÷ TTM EPS | 57.27x | -89.64x |
| Forward P/EPrice ÷ next-FY EPS est. | 41.80x | 49.80x |
| PEG RatioP/E ÷ EPS growth rate | 80.25x | — |
| EV / EBITDAEnterprise value multiple | 15.16x | 7.08x |
| Price / SalesMarket cap ÷ Revenue | 10.88x | 4.82x |
| Price / BookPrice ÷ Book value/share | 1.51x | 0.95x |
| Price / FCFMarket cap ÷ FCF | 15.66x | 11.32x |
Profitability & Efficiency
O delivers a 2.6% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $-1 for PINE. On the Piotroski fundamental quality scale (0–9), O scores 5/9 vs PINE's 3/9, reflecting solid financial health.
| Metric | ORealty Income Cor… | PINEAlpine Income Pro… |
|---|---|---|
| ROE (TTM)Return on equity | +2.6% | -1.0% |
| ROA (TTM)Return on assets | +1.5% | -0.4% |
| ROICReturn on invested capital | +2.3% | +2.2% |
| ROCEReturn on capital employed | +2.3% | +2.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 3 |
| Debt / EquityFinancial leverage | — | — |
| Net DebtTotal debt minus cash | -$435M | -$5M |
| Cash & Equiv.Liquid assets | $435M | $5M |
| Total DebtShort + long-term debt | $0 | $0 |
| Interest CoverageEBIT ÷ Interest expense | — | — |
Total Returns (with DRIP)
A $10,000 investment in O five years ago would be worth $14,035 today (with dividends reinvested), compared to $13,697 for PINE. Over the past 12 months, PINE leads with a +25.8% total return vs O's +23.6%. The 3-year compound annual growth rate (CAGR) favors PINE at 8.2% vs O's 6.3% — a key indicator of consistent wealth creation.
| Metric | ORealty Income Cor… | PINEAlpine Income Pro… |
|---|---|---|
| YTD ReturnYear-to-date | +17.9% | +17.5% |
| 1-Year ReturnPast 12 months | +23.6% | +25.8% |
| 3-Year ReturnCumulative with dividends | +19.9% | +26.5% |
| 5-Year ReturnCumulative with dividends | +40.3% | +37.0% |
| 10-Year ReturnCumulative with dividends | +67.6% | +37.1% |
| CAGR (3Y)Annualised 3-year return | +6.3% | +8.2% |
Risk & Volatility
O is the less volatile stock with a 0.19 beta — it tends to amplify market swings less than PINE's 0.25 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. O currently trades 98.6% from its 52-week high vs PINE's 94.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ORealty Income Cor… | PINEAlpine Income Pro… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.19x | 0.25x |
| 52-Week HighHighest price in past year | $67.94 | $20.80 |
| 52-Week LowLowest price in past year | $50.71 | $13.10 |
| % of 52W HighCurrent price vs 52-week peak | +98.6% | +94.8% |
| RSI (14)Momentum oscillator 0–100 | 70.7 | 61.5 |
| Avg Volume (50D)Average daily shares traded | 5.4M | 136K |
Analyst Outlook
Wall Street rates O as "Hold" and PINE as "Buy". Consensus price targets imply 4.0% upside for PINE (target: $21) vs -5.4% for O (target: $63). PINE is the only dividend payer here at 0.18% yield — a key consideration for income-focused portfolios.
| Metric | ORealty Income Cor… | PINEAlpine Income Pro… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $63.38 | $20.50 |
| # AnalystsCovering analysts | 33 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | +0.2% |
| Dividend StreakConsecutive years of raises | 27 | 0 |
| Dividend / ShareAnnual DPS | — | $0.04 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +3.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Mar 20 | Feb 26 | Change |
|---|---|---|---|
| Realty Income Corpo… (O) | 100 | 83.35 | -16.6% |
| Alpine Income Prope… (PINE) | 100 | 97.68 | -2.3% |
Realty Income Corpo… (O) returned +40% over 5 years vs Alpine Income Prope… (PINE)'s +37%. A $10,000 investment in O 5 years ago would be worth $14,035 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Realty Income Corpo… (O) | $1.1B | $5.7B | +421.2% |
| Alpine Income Prope… (PINE) | $8M | $61M | +616.0% |
Realty Income Corporation's revenue grew from $1.1B (2016) to $5.7B (2025) — a 20.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Realty Income Corpo… (O) | 28.6% | 18.4% | -35.6% |
| Alpine Income Prope… (PINE) | 33.3% | -5.3% | -115.9% |
Realty Income Corporation's net margin went from 29% (2016) to 18% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Realty Income Corpo… (O) | 50.2 | 48.2 | -4.0% |
| Alpine Income Prope… (PINE) | 42.3 | 119.9 | +183.5% |
Realty Income Corporation has traded in a 45x–82x P/E range over 9 years; current trailing P/E is ~57x. Alpine Income Property Trust, Inc. has traded in a 9x–136x P/E range over 6 years; current trailing P/E is ~-90x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Realty Income Corpo… (O) | 1.13 | 1.17 | +3.5% |
| Alpine Income Prope… (PINE) | 0.31 | -0.22 | -171.0% |
Realty Income Corporation's EPS grew from $1.13 (2016) to $1.17 (2025) — a 0% CAGR.
Chart 6Free Cash Flow — 5 Years
Realty Income Corporation generated $4B FCF in 2025 (+207% vs 2021). Alpine Income Property Trust, Inc. generated $26M FCF in 2025 (+50% vs 2021).
O vs PINE: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is O or PINE a better buy right now?
Realty Income Corporation (O) offers the better valuation at 57.3x trailing P/E (41.8x forward), making it the more compelling value choice. Analysts rate Alpine Income Property Trust, Inc. (PINE) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — O or PINE?
On forward P/E, Realty Income Corporation is actually cheaper at 41.8x.
03Which is the better long-term investment — O or PINE?
Over the past 5 years, Realty Income Corporation (O) delivered a total return of +40.3%, compared to +37.0% for Alpine Income Property Trust, Inc. (PINE). A $10,000 investment in O five years ago would be worth approximately $14K today (assuming dividends reinvested). Over 10 years, the gap is even starker: O returned +67.6% versus PINE's +37.1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — O or PINE?
By beta (market sensitivity over 5 years), Realty Income Corporation (O) is the lower-risk stock at 0.19β versus Alpine Income Property Trust, Inc.'s 0.25β — meaning PINE is approximately 30% more volatile than O relative to the S&P 500.
05Which has better profit margins — O or PINE?
Realty Income Corporation (O) is the more profitable company, earning 18.4% net margin versus -5.3% for Alpine Income Property Trust, Inc. — meaning it keeps 18.4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: O leads at 28.3% versus 21.7% for PINE. At the gross margin level — before operating expenses — O leads at 89.8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is O or PINE more undervalued right now?
On forward earnings alone, Realty Income Corporation (O) trades at 41.8x forward P/E versus 49.8x for Alpine Income Property Trust, Inc. — 8.0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PINE: 4.0% to $20.50.
07Which pays a better dividend — O or PINE?
In this comparison, PINE (0.2% yield) pays a dividend. O does not pay a meaningful dividend and should not be held primarily for income.
08Is O or PINE better for a retirement portfolio?
For long-horizon retirement investors, Realty Income Corporation (O) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.19)). Both have compounded well over 10 years (O: +67.6%, PINE: +37.1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between O and PINE?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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