Alpine Income Property Trust Q3 revenue beats estimates on commercial loan income; raises outlook
PINE•Alpine Income Property Trust reported third-quarter revenue of $20.46 million, above the $20.19 million consensus, and AFFO per diluted share of $0.55, up from $0.46 a year earlier. It raised 2026 AFFO guidance to $2.20-$2.22 per diluted share and expects investment volume of $310 million to $350 million.
1. Quarterly results
Third-quarter revenue rose to $20.46 million, beating analyst estimates of $20.19 million. AFFO per diluted share increased to $0.55 from $0.46 a year earlier; diluted earnings per share were $0.18.
2. Raised outlook
The company raised its 2026 AFFO guidance to $2.20-$2.22 per diluted share and its net income outlook to $0.90-$0.93 per diluted share. It now expects 2026 investment volume of $310 million to $350 million.
3. Investment activity
The company said strong investment activity and continued portfolio performance supported the higher guidance. Closed and under-contract investment activity exceeded $300 million year to date, including a pending $117.3 million industrial portfolio acquisition; higher interest income from commercial loans and investments supported revenue growth.
