Alpine Income Property Trust, Inc. (PINE) Q3 FY2026 earnings

Reported results

• Total Revenues for nine months ended September 30, 2026: $58,868 thousand (GAAP), compared to $43,632 thousand for nine months ended September 30, 2025
• Net Income Attributable to Common Stockholders for nine months ended September 30, 2026: $7,510 thousand (GAAP), compared to Net Loss of ($4,130) thousand for nine months ended September 30, 2025
• FFO Attributable to Common Stockholders per Diluted Share for nine months ended September 30, 2026: $1.65 (non-GAAP), compared to $1.34 for nine months ended September 30, 2025
• AFFO Attributable to Common Stockholders per Diluted Share for nine months ended September 30, 2026: $1.66 (non-GAAP), compared to $1.34 for nine months ended September 30, 2025
• Total investments for nine months ended September 30, 2026: $191,435 thousand (12 investments: 7 properties at $85,785 thousand and 5 commercial loan originations at $105,650 thousand)
• Property portfolio as of September 30, 2026: 130 properties, 4.8 million square feet, $53.9 million annualized base rent, 99.6% occupancy, 8.7 years weighted average remaining lease term

Guidance

• Revised 2026 AFFO Attributable to Common Stockholders per Diluted Share guidance: $2.20 to $2.22 (non-GAAP), increased from prior guidance of $2.12 to $2.15
• Revised 2026 FFO Attributable to Common Stockholders per Diluted Share guidance: $2.19 to $2.21 (non-GAAP), increased from prior guidance of $2.10 to $2.13
• Revised 2026 Net Income per Diluted Share guidance: $0.90 to $0.93 (GAAP), increased from prior guidance of $0.81 to $0.84
• Revised 2026 Investment Volume guidance: $310 to $350 million, increased from prior guidance of $170 to $200 million
• 2026 Disposition Volume guidance: $20 to $40 million (unchanged from prior guidance)

Notes

The Company announced on October 9, 2026 (subsequent to quarter end) an agreement to acquire a 13-property industrial portfolio for $117.3 million expected to close in Q4 2026. Subsequent to quarter end, the Company received bank commitments for $175.0 million in new financing ($100.0 million term loan and $75.0 million increase in revolving credit facility commitments to $325 million). The 2026 outlook does not reflect the impact of any incentive management fee that may be due based on stockholder return. Sale-Leaseback and Sales-Type Lease Properties are accounted for as financing arrangements for GAAP purposes but are included in property portfolio statistics for non-GAAP disclosure purposes.

Price and volatility reaction

The stock moved -7.2% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +2.1 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-22 (8-K, Item 2.02). Read the original filing on sec.gov.