Comprehensive Stock Comparison
Compare Alpine Income Property Trust, Inc. (PINE) vs Welltower Inc. (WELL) 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 | WELL | 38.0% revenue growth vs PINE's 15.9% |
| Value | PINE | Lower P/E (49.8x vs 73.3x) |
| Quality / Margins | WELL | 8.6% net margin vs PINE's -5.3% |
| Stability / Safety | PINE | Beta 0.25 vs WELL's 0.29 |
| Dividends | PINE | 0.2% yield; WELL pays no meaningful dividend |
| Momentum (1Y) | WELL | +36.8% vs PINE's +25.8% |
| Efficiency (ROA) | WELL | 1.4% ROA vs PINE's -0.4%, ROIC 0.9% 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
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.
Welltower is a healthcare-focused real estate investment trust that owns and invests in seniors housing communities, post-acute care facilities, and outpatient medical properties. It generates revenue primarily through rental income from its healthcare real estate portfolio — with seniors housing contributing roughly 60% of net operating income, outpatient medical properties about 25%, and post-acute care facilities the remainder. The company's competitive advantage lies in its scale and strategic partnerships with leading healthcare operators, creating a diversified portfolio concentrated in high-growth markets across the U.S., Canada, and the U.K.
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
WELL leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). PINE leads in 1 (Valuation Metrics). 2 tied.
Financial Metrics (TTM)
WELL is the larger business by revenue, generating $10.8B annually — 179.0x PINE's $61M. WELL is the more profitable business, keeping 8.6% of every revenue dollar as net income compared to PINE's -5.3%. On growth, WELL holds the edge at +46.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PINEAlpine Income Pro… | WELLWelltower Inc. |
|---|---|---|
| RevenueTrailing 12 months | $61M | $10.8B |
| EBITDAEarnings before interest/tax | $41M | $2.6B |
| Net IncomeAfter-tax profit | -$3M | $934M |
| Free Cash FlowCash after capex | -$4M | $2.1B |
| Gross MarginGross profit ÷ Revenue | +85.1% | +20.9% |
| Operating MarginEBIT ÷ Revenue | +21.7% | +4.9% |
| Net MarginNet income ÷ Revenue | -5.3% | +8.6% |
| FCF MarginFCF ÷ Revenue | -6.5% | +19.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +22.5% | +46.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +190.4% | -26.3% |
Valuation Metrics
On an enterprise value basis, PINE's 7.1x EV/EBITDA is more attractive than WELL's 54.4x.
| Metric | PINEAlpine Income Pro… | WELLWelltower Inc. |
|---|---|---|
| Market CapShares × price | $292M | $144.3B |
| Enterprise ValueMkt cap + debt − cash | $287M | $142.0B |
| Trailing P/EPrice ÷ TTM EPS | -89.64x | 149.01x |
| Forward P/EPrice ÷ next-FY EPS est. | 49.80x | 73.28x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.08x | 54.40x |
| Price / SalesMarket cap ÷ Revenue | 4.82x | 13.31x |
| Price / BookPrice ÷ Book value/share | 0.95x | 3.26x |
| Price / FCFMarket cap ÷ FCF | 11.32x | 50.06x |
Profitability & Efficiency
WELL delivers a 2.2% return on equity — every $100 of shareholder capital generates $2 in annual profit, vs $-1 for PINE. On the Piotroski fundamental quality scale (0–9), WELL scores 5/9 vs PINE's 3/9, reflecting solid financial health.
| Metric | PINEAlpine Income Pro… | WELLWelltower Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -1.0% | +2.2% |
| ROA (TTM)Return on assets | -0.4% | +1.4% |
| ROICReturn on invested capital | +2.2% | +0.9% |
| ROCEReturn on capital employed | +2.0% | +0.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 |
| Debt / EquityFinancial leverage | — | 0.07x |
| Net DebtTotal debt minus cash | -$5M | -$2.2B |
| Cash & Equiv.Liquid assets | $5M | $5.0B |
| Total DebtShort + long-term debt | $0 | $2.8B |
| Interest CoverageEBIT ÷ Interest expense | — | 0.81x |
Total Returns (with DRIP)
A $10,000 investment in WELL five years ago would be worth $32,119 today (with dividends reinvested), compared to $13,697 for PINE. Over the past 12 months, WELL leads with a +36.8% total return vs PINE's +25.8%. The 3-year compound annual growth rate (CAGR) favors WELL at 42.6% vs PINE's 8.2% — a key indicator of consistent wealth creation.
| Metric | PINEAlpine Income Pro… | WELLWelltower Inc. |
|---|---|---|
| YTD ReturnYear-to-date | +17.5% | +11.2% |
| 1-Year ReturnPast 12 months | +25.8% | +36.8% |
| 3-Year ReturnCumulative with dividends | +26.5% | +190.2% |
| 5-Year ReturnCumulative with dividends | +37.0% | +221.2% |
| 10-Year ReturnCumulative with dividends | +37.1% | +270.5% |
| CAGR (3Y)Annualised 3-year return | +8.2% | +42.6% |
Risk & Volatility
PINE is the less volatile stock with a 0.25 beta — it tends to amplify market swings less than WELL's 0.29 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | PINEAlpine Income Pro… | WELLWelltower Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.25x | 0.29x |
| 52-Week HighHighest price in past year | $20.80 | $215.56 |
| 52-Week LowLowest price in past year | $13.10 | $130.29 |
| % of 52W HighCurrent price vs 52-week peak | +94.8% | +96.1% |
| RSI (14)Momentum oscillator 0–100 | 61.5 | 69.0 |
| Avg Volume (50D)Average daily shares traded | 136K | 2.5M |
Analyst Outlook
Wall Street rates PINE as "Buy" and WELL as "Buy". Consensus price targets imply 6.9% upside for WELL (target: $221) vs 4.0% for PINE (target: $21). PINE is the only dividend payer here at 0.18% yield — a key consideration for income-focused portfolios.
| Metric | PINEAlpine Income Pro… | WELLWelltower Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $20.50 | $221.45 |
| # AnalystsCovering analysts | 12 | 34 |
| Dividend YieldAnnual dividend ÷ price | +0.2% | — |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $0.04 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +3.0% | 0.0% |
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 |
|---|---|---|---|
| Alpine Income Prope… (PINE) | 100 | 97.68 | -2.3% |
| Welltower Inc. (WELL) | 100 | 249.04 | +149.0% |
Welltower Inc. (WELL) returned +221% over 5 years vs Alpine Income Prope… (PINE)'s +37%. A $10,000 investment in WELL 5 years ago would be worth $32,119 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Alpine Income Prope… (PINE) | $8M | $61M | +616.0% |
| Welltower Inc. (WELL) | $4.3B | $10.8B | +154.9% |
Welltower Inc.'s revenue grew from $4.3B (2016) to $10.8B (2025) — a 11.0% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Alpine Income Prope… (PINE) | 33.3% | -5.3% | -115.9% |
| Welltower Inc. (WELL) | 25.4% | 8.6% | -65.9% |
Welltower Inc.'s net margin went from 25% (2016) to 9% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Alpine Income Prope… (PINE) | 42.3 | 119.9 | +183.5% |
| Welltower Inc. (WELL) | 50.6 | 133.5 | +163.8% |
Alpine Income Property Trust, Inc. has traded in a 9x–136x P/E range over 6 years; current trailing P/E is ~-90x. Welltower Inc. has traded in a 27x–219x P/E range over 9 years; current trailing P/E is ~149x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Alpine Income Prope… (PINE) | 0.31 | -0.22 | -171.0% |
| Welltower Inc. (WELL) | 2.81 | 1.39 | -50.5% |
Welltower Inc.'s EPS grew from $2.81 (2016) to $1.39 (2025) — a -8% CAGR.
Chart 6Free Cash Flow — 5 Years
Alpine Income Property Trust, Inc. generated $26M FCF in 2025 (+50% vs 2021). Welltower Inc. generated $3B FCF in 2025 (+129% vs 2021).
PINE vs WELL: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is PINE or WELL a better buy right now?
Welltower Inc. (WELL) offers the better valuation at 149.0x trailing P/E (73.3x 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 — PINE or WELL?
On forward P/E, Alpine Income Property Trust, Inc. is actually cheaper at 49.8x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — PINE or WELL?
Over the past 5 years, Welltower Inc. (WELL) delivered a total return of +221.2%, compared to +37.0% for Alpine Income Property Trust, Inc. (PINE). A $10,000 investment in WELL five years ago would be worth approximately $32K today (assuming dividends reinvested). Over 10 years, the gap is even starker: WELL returned +270.5% 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 — PINE or WELL?
By beta (market sensitivity over 5 years), Alpine Income Property Trust, Inc. (PINE) is the lower-risk stock at 0.25β versus Welltower Inc.'s 0.29β — meaning WELL is approximately 17% more volatile than PINE relative to the S&P 500.
05Which has better profit margins — PINE or WELL?
Welltower Inc. (WELL) is the more profitable company, earning 8.6% net margin versus -5.3% for Alpine Income Property Trust, Inc. — meaning it keeps 8.6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PINE leads at 21.7% versus 4.9% for WELL. At the gross margin level — before operating expenses — PINE leads at 86.9%, 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 PINE or WELL more undervalued right now?
On forward earnings alone, Alpine Income Property Trust, Inc. (PINE) trades at 49.8x forward P/E versus 73.3x for Welltower Inc. — 23.5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for WELL: 6.9% to $221.45.
07Which pays a better dividend — PINE or WELL?
In this comparison, PINE (0.2% yield) pays a dividend. WELL does not pay a meaningful dividend and should not be held primarily for income.
08Is PINE or WELL better for a retirement portfolio?
For long-horizon retirement investors, Welltower Inc. (WELL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.29), +270.5% 10Y return). Both have compounded well over 10 years (WELL: +270.5%, 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 PINE and WELL?
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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