Alpine Income Property Trust completed the October 30, 2026 acquisition of a 13-property industrial portfolio across 11 states for $117.3 million, funded through its revolving credit facility.
PINE · Alpine Income Property Trust, Inc.
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Alpine Income Property Trust, Inc. amended its credit facilities on October 28, 2026, increasing revolving commitments from $250 million to $325 million and originating a new $100 million senior unsecured term loan facility maturing in 2030.
Alpine Income Property Trust, Inc. established on October 23, 2026 at-the-market programs for up to $35,000,000 of Series A Preferred Stock and $150,000,000 of common stock, and authorized 189,747 additional preferred shares.
Alpine reported third-quarter AFFO per diluted share growth of 19.6% and approximately $41 million invested at a weighted average initial yield of 8.5%. It raised full-year 2026 AFFO guidance to $2.20 to $2.22 per diluted share.
Alpine Income Property Trust, Inc. reported net income of $11.1 million for the nine months ended September 30, 2026 versus a $4.1 million net loss in 2025, driven by a $13.3 million increase in interest income from loans and investments.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 24, 2026TL;DR. PINE reported Q2 2026 AFFO per diluted share of $0.58 (+32% YoY) on ~$77M of investment activity at an 8.7% blended yield, raised the low end of 2026 FFO and AFFO guidance, hiked the quarterly dividend 6.7% to $0.32, but lowered 2026 disposition volume guidance.
- + Q2 AFFO per diluted share of $0.58 grew ~32% YoY
- + Completed ~$77M of investment activity at a 8.7% blended initial yield, growing property ABR to $50M
- + Investment-grade tenant share of ABR rose from 50% to 55%
- + Board raised quarterly common dividend 6.7% to $0.32 per share, with a low 55% AFFO payout ratio
- + Raised the low end of full-year 2026 FFO and AFFO guidance
- + Net debt to Pro Forma Adjusted EBITDA declined to 6.4x from 6.6x last quarter
- − Lowered full-year 2026 disposition volume guidance to $20M-$40M from $30M-$60M
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Funds From Operations Attributable to Common Stockholders non-GAAP | $10.56M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationFunds From Operations Attributable to Common Stockholders 10.49M (non-GAAP)
-241K Amortization of Intangible Assets and Liabilities to Lease Income
-160K Straight-Line Rent Adjustment
+95K Non-Cash Compensation
+303K Amortization of Deferred Financing Costs to Interest Expense
+73K Other Non-Cash Adjustments
= Adjusted Funds From Operations Attributable to Common Stockholders 10.56M
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| AFFO Attributable to Common Stockholders per Diluted Share non-GAAP | $0.58 | Three Months Ended June 30, 2026 filing | — |
| FFO Attributable to Common Stockholders per Diluted Share non-GAAP | $0.57 | Three Months Ended June 30, 2026 filing | — |
| Funds From Operations non-GAAP | $11.67M | Three Months Ended June 30, 2026 filing | — |
| Funds From Operations Attributable to Common Stockholders non-GAAP | $10.49M | Three Months Ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationFunds From Operations 11.67M (non-GAAP)
-1.19M Distributions to Preferred Stockholders
= Funds From Operations Attributable to Common Stockholders 10.49M
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Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Retail — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PINE
this stock
Alpine Income Property Trust, Inc.
|
$301.40M | +0.5% | +15.9% | 35.7 | 3.1% |
|
SPG
Simon Property Group Inc.
|
$75.13B | +25.9% | +6.7% | 16.8 | 3.1% |
|
O
Realty Income Corp
|
$55.94B | +4.3% | +9.1% | 40.6 | 4.4% |
|
KIM
Kimco Realty Corp
|
$17.14B | +26.0% | +5.1% | 23.8 | 5.1% |
|
UNBLF
Unibail-Rodamco SE
|
$14.60B | -7.4% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 2, 2026
- This year
- 18
Alpine Income Property Trust completed the October 30, 2026 acquisition of a 13-property industrial portfolio across 11 states for $117.3 million, funded through its revolving credit facility.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PINE | +1.1% | -6.3% | -14.2% | +2.5% | +0.5% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -1.5% | -5.1% | -14.7% | +2.7% | -10.1% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.