earnings
confidence high
sentiment positive
materiality 0.72
Alpine Income Q3 2026 revenue jumps 40% YoY; AFFO/share $0.55; 2026 AFFO guidance raised to $2.20-$2.22
Alpine Income Property Trust, Inc.
- Q3 revenue $20.46M vs $14.56M a year ago; net income attributable to common $3.44M, or $0.18/diluted share, vs a $1.31M loss ($0.09).
- Q3 FFO $10.36M ($0.55/diluted share) and AFFO $10.42M ($0.55), up from FFO $7.14M ($0.46) and AFFO $7.13M ($0.46) in Q3 2025.
- 2026 AFFO/share guidance raised to $2.20-$2.22 (midpoint +16.9% YoY); FFO guidance $2.19-$2.21; investment volume $310M-$350M, dispositions $20M-$40M.
- Pending $117.3M acquisition of 13 industrial properties (9 tenants, 1.9M sq ft, 100% occupied, 10.2-year WALT) expected to close early November 2026.
- Year-to-date investment activity exceeds $300M; portfolio 130 properties, 4.8M sq ft, 99.6% occupied, 8.7-year WALT, $11.26 average rent PSF as of Sept. 30.