Alpine Income Property Trust, Inc. (PINE) Form 8-K — Oct 22, 2026
$PINEForm 8-KItems 2.02, 7.01, 9.01Filed Oct 22, 2026, 4:10 PM ET0001104659-26-118157Original filing
Alpine Income Property Trust reported Q3 2026 revenue of $20.5 million, up 41% year-over-year, with net income attributable to common stockholders of $3.4 million ($0.18 per diluted share) versus a loss a year ago. AFFO per diluted share rose to $0.55 from $0.46. The company raised its full-year 2026 guidance, now expecting AFFO per diluted share of $2.20-$2.22 (from $2.12-$2.15) and investment volume of $310-$350 million (from $170-$200 million). Closed and under-contract investment activity year-to-date exceeds $300 million, a company record.
Key figures
- Eps
- 0.18
- Revenue
- 20460000
- Guidance
- 2026 AFFO per diluted share raised to $2.20-$2.22 from $2.12-$2.15; FFO raised to $2.19-$2.21; investment volume raised to $310-$350 million from $170-$200 million
- Net Income
- 3443000
- Total Debt
- 398500000
- Revenue Yoy
- 0.405
- Total Assets
- 821106000
- Cash Position
- 11722000
- Shares Outstanding
- 17935407
- Abr
- 53900000
- Occupancy
- 99.6%
- Net debt to tev
- 49.5%
- Q3 ffo per share
- 0.55
- Q3 affo per share
- 0.55
- Revolver increase
- 75000000
- Nine month revenue
- 58868000
- Q3 affo payout ratio
- 58.2%
- Q3 investment volume
- 40930000
- Dividend per share q3
- 0.32
- Fixed charge coverage
- 3.1x
- Q3 2025 affo per share
- 0.46
- New term loan commitment
- 100000000
- Pending acquisition sqft
- 1900000
- Net debt to pro forma ebitda
- 6.5x
- Weighted avg lease term years
- 8.7
- Pending acquisition price per sf
- 63
- Investment grade tenant pct of abr
- 56%
- Weighted avg initial cash cap rate q3
- 8.5%
- Pending industrial portfolio acquisition
- 117300000
- Revolver total commitments after increase
- 325000000
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