Alpine Income Properties (NYSE:PINE) (PINE - $14.99 – NYSE) is a real estate investment trust that owns four dozen single-tenant commercial properties. Alpine has done a solid job of executing on the acquisition and growth strategy that the company laid out when it went public in late 2019. In the quarter, Alpine shares lagged its peers not due to poor execution or missing earnings. Instead, shares underperformed because of its small size and relatively low liquidity, and also due to its concentrated exposure to the retail sector.