Alpine Income Property Trust Lifts 2026 AFFO Guidance to $2.20-$2.22 on Record Investment Activity
PINE sits 28% above its 52-week low of $13.63.
Summary
Alpine Income Property Trust reported Q3 2026 revenue of $20.46 million versus $14.56 million a year ago, with net income attributable to common stockholders of $3.44 million, or $0.18 per diluted share, compared with a $1.31 million loss in the prior-year quarter. FFO and AFFO both came in at $0.55 per diluted share, up from $0.46. The company raised full-year 2026 AFFO guidance to $2.20-$2.22 per diluted share from $2.12-$2.15 and lifted investment volume guidance to $310-$350 million from $170-$200 million, citing closed and under-contract activity above $300 million year-to-date, a company record. That pipeline includes the previously announced $117.3 million 13-property industrial portfolio acquisition expected to close in Q4 2026. Subsequent to quarter end, PINE secured commitments for a new $100 million four-year term loan and a $75 million increase in revolver commitments to $325 million, adding $175 million of potential liquidity and expected to close in late October 2026. Leverage stands at 6.5x net debt to pro forma adjusted EBITDA with total liquidity of $63.2 million at quarter end. The earnings call is scheduled for Friday, October 23, 2026 at 9:00 AM ET.
At the time of this announcement, PINE was trading at $17.42 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $312.4M. The 52-week trading range was $13.63 to $21.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.