PINE 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 and raised 2026 AFFO guidance to $2.20-$2.22 per share, backed by record investment volume and $175 million of new bank financing for its pending industrial portfolio acquisition.
Key Events · Earnings and Guidance · PINE
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Q3 Revenue Jumps 40% Year Over Year
Total revenues reached $20,460 thousand versus $14,563 thousand a year ago, as interest income from commercial loans and investments rose to $7,611 thousand from $2,320 thousand.
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2026 AFFO Guidance Raised
AFFO per diluted share outlook lifted to $2.20-$2.22 from $2.12-$2.15; FFO to $2.19-$2.21 from $2.10-$2.13; net income per diluted share to $0.90-$0.93 from $0.81-$0.84.
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Investment Volume Guidance Nearly Doubles
Full-year 2026 investment volume guidance raised to $310-$350 million from $170-$200 million, after $191,435 thousand invested in the first nine months and a pending $117.3 million industrial portfolio acquisition.
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$175 Million of New Bank Capacity
Bank commitments received for a new $100 million four-year term loan and a $75 million increase in revolver commitments to $325 million, expected to close in late October 2026, with term loan proceeds repaying revolver borrowings.
Analysis · PINE · Real Estate & Construction
Alpine beat its own prior outlook and lifted full-year AFFO guidance to $2.20-$2.22 per diluted share from $2.12-$2.15, while investment volume guidance nearly doubled to $310-$350 million. Driving the quarter was revenue of $20.46 million, up 40% year over year, as commercial loan interest income climbed to $7.6 million from $2.3 million. To fund the pending $117.3 million industrial portfolio acquisition expected to close in early November 2026, the company lined up $175 million of new bank capacity: a $100 million four-year term loan plus a $75 million revolver increase to $325 million. The offset is dilution: 3.14 million common shares were issued through the ATM in the first nine months at an average $19.38, and leverage sits at 6.5x net debt to pro forma adjusted EBITDA.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 29.6% of the 1590 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, 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 filing was assessed with positive market sentiment and an importance score of 7 out of 10.