OLP vs PINE vs NNN vs ADC

For growth investors, Agree Realty Corporation (ADC) is the stronger pick with 16.

4% revenue growth year-over-year, versus 6. 6% for NNN REIT, Inc. (NNN). One Liberty Properties, Inc. (OLP) offers the better valuation at 20. 3x trailing P/E (39. 5x 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.

On trailing P/E, One Liberty Properties, Inc.

(OLP) is the cheapest at 20. 3x versus Agree Realty Corporation at 43. 1x. On forward P/E, NNN REIT, Inc. is actually cheaper at 21. 7x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: One Liberty Properties, Inc. wins at 1. 87x versus Agree Realty Corporation's 113. 70x — a reasonable growth-adjusted valuation.

Over the past 5 years, Alpine Income Property Trust, Inc.

(PINE) delivered a total return of +41. 2%, compared to +15. 0% for NNN REIT, Inc. (NNN). Over 10 years, the gap is even starker: ADC returned +135. 6% versus NNN's +37. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Agree Realty Corporation (ADC) is the lower-risk stock at -0.

14β versus One Liberty Properties, Inc. 's 0. 38β — meaning OLP is approximately -370% more volatile than ADC relative to the S&P 500. On balance sheet safety, Agree Realty Corporation (ADC) carries a lower debt/equity ratio of 53% versus 177% for One Liberty Properties, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Agree Realty Corporation (ADC) is pulling ahead at 16.

4% versus 6. 6% for NNN REIT, Inc. (NNN). On earnings-per-share growth, the picture is similar: Agree Realty Corporation grew EPS -0. 6% year-over-year, compared to -257. 1% for Alpine Income Property Trust, Inc.. Over a 3-year CAGR, ADC leads at 18. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

NNN REIT, Inc.

(NNN) is the more profitable company, earning 42. 1% net margin versus -4. 4% for Alpine Income Property Trust, Inc. — meaning it keeps 42. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NNN leads at 61. 5% versus 30. 5% for PINE. At the gross margin level — before operating expenses — ADC leads at 87. 7%, 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.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, One Liberty Properties, Inc. (OLP) is the more undervalued stock at a PEG of 1. 87x versus Agree Realty Corporation's 113. 70x. Both stocks trade at elevated growth-adjusted valuations, so expected growth needs to materialise. On forward earnings alone, NNN REIT, Inc. (NNN) trades at 21. 7x forward P/E versus 59. 3x for Alpine Income Property Trust, Inc. — 37. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ADC: 9. 4% to $83. 50.

All stocks in this comparison pay dividends.

One Liberty Properties, Inc. (OLP) offers the highest yield at 8. 0%, versus 0. 2% for Alpine Income Property Trust, Inc. (PINE).

For long-horizon retirement investors, Agree Realty Corporation (ADC) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.

14), 4. 0% yield, +135. 6% 10Y return). Both have compounded well over 10 years (ADC: +135. 6%, PINE: +38. 3%), 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.

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.

In terms of investment character: OLP is a small-cap income-oriented stock; PINE is a small-cap high-growth stock; NNN is a small-cap income-oriented stock; ADC is a small-cap high-growth stock. OLP, NNN, ADC pay a dividend while PINE does not, making them suitable for different income and tax situations. 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.