The pending $117.3M industrial portfolio close and $175M in new financing provide significant acquisition capacity. Monitor Q4 2026 for portfolio integration and whether the elevated investment pace sustains into 2027.
Price Chart
Executive Summary
Alpine Income Property Trust reported Q3 2026 AFFO of $0.55 per share, beating the $0.16 consensus by 243.8%, though the consensus figure appears to be for GAAP EPS rather than the REIT-standard AFFO metric. The company raised full-year 2026 AFFO guidance to $2.20-$2.22 per share from $2.12-$2.15, driven by record investment activity exceeding $300 million year-to-date, including a pending $117.3 million industrial portfolio acquisition. Total revenues grew 40.5% YoY to $20.5 million, supported by a 228% surge in interest income from commercial loans.
Key Financial Metrics
Key Facts
- Q3 2026 AFFO per diluted share of $0.55, up from $0.46 YoY
- Full-year 2026 AFFO guidance raised to $2.20-$2.22 per share from $2.12-$2.15
- Total revenues of $20.5M, up 40.5% YoY
- Record year-to-date investment activity of $300M+ closed and under contract
- Pending $117.3M industrial portfolio acquisition expected to close in Q4 2026
- New $100M term loan and $75M credit facility increase secured post-quarter end
- Net debt to pro forma adjusted EBITDA at 6.5x; fixed charge coverage ratio of 3.1x
- Common dividend of $0.32 per share declared, up from $0.285 YoY
Financial Impact
AFFO per share beat consensus by 243.8% on a GAAP EPS comparison basis; guidance raised by ~$0.07-$0.08 per share at the midpoint
Risk Factors
- Leverage at 6.5x net debt/EBITDA is elevated; further acquisitions may pressure balance sheet
- Commercial loan portfolio has a short 1.4-year weighted average remaining term, creating reinvestment risk
- Interest rate exposure on floating-rate debt, partially hedged with swaps
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3386888 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $16.32 $16.26 | ▲ +0.37% | ▲ +0.93% | $16.26 (+0.37%) |
Oct 23, 2026 4d ago | 424B5 | $16.32 $16.26 | ▲ +0.37% | ▲ +0.93% | $16.26 (+0.37%) |
Oct 23, 2026 4d ago | 424B5 | $16.32 $16.26 | ▼ −0.37% | ▼ −0.93% | $16.26 (−0.37%) |
Oct 22, 2026 5d ago | 8-K | $16.16 $16.32 | ▲ +0.99% | ▲ +0.28% | $16.26 (+0.62%) |
Oct 22, 2026 5d ago | Press Release | $16.16 $16.32 | ▲ +0.99% | ▲ +0.28% | $16.26 (+0.62%) |
Oct 16, 2026 11d ago | EFFECT | $17.93 $17.69 | ▼ −1.34% | ▼ −1.76% | $16.26 (−9.31%) |
Oct 9, 2026 18d ago | 8-K | $18.30 $18.36 | ▲ +0.33% | ▲ +0.34% | $16.26 (−11.15%) |
Sep 24, 2026 4w ago | S-3 | $17.07 $16.89 | ▼ −1.05% | ▼ −0.31% | $16.26 (−4.75%) |
Sep 24, 2026 4w ago | Press Release | $17.07 $16.89 | ▼ −1.05% | ▼ −0.31% | $16.26 (−4.75%) |
Jul 28, 2026 13w ago | 144 | $20.41 $20.33 | ▼ −0.39% | ▲ +1.15% | $16.26 (−20.33%) |
US Market Status
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