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PINE – Alpine Income Property Trust Inc

Not Compliant

Alpine Income Property Trust Inc is not Shariah Compliant because it fails the financial ratios.

Alpine Income Property Trust, Inc. is a real estate investment trust. The Company seeks to deliver risk-adjusted returns and cash dividends by investing in, owning, and operating a portfolio of single tenant net leased properties that are predominately leased to publicly traded and credit-rated tenants. The Company’s primary objective is to maximize cash flow and value per share by generating stable and growing cash flows and risk-adjusted returns through the ownership, operation, and growth through acquisition of a diversified portfolio of net leased commercial properties with a long-term real estate fundamental and through the investment of commercial loans secured by commercial real estate. The Company operates through two segments: income properties and commercial loans and investments. The 138 properties in the Company’s portfolio represents approximately 3.8 million of gross rentable square feet with leases that have a weighted average lease term of seven years.

AAOIFI ✗

Debt ÷ Market cap (MC)134.69
Non-Compliant Assets ÷ MC234.55
Impure Income (incl. Interest)5.74
Impure Income1.4%
Interest Income4.34%
Total5.74%