Quarterly ResultApr 23, 2026, 04:11 PM
PINE Raises 2026 Investment Guidance to $170M-$200M, AFFO to $2.11-$2.15
AI Summary
Alpine Income Property Trust reported strong Q1 2026 results with total revenues up to $18.4 million and AFFO per diluted share increasing to $0.53. The company completed $74 million in gross investment activity and raised $36 million in equity. Bolstered by these results and a strong pipeline, PINE increased its 2026 investment guidance to $170 million-$200 million and raised its 2026 AFFO per diluted share guidance to $2.11-$2.15, signaling increased confidence in its growth trajectory.
Key Highlights
- Q1 2026 Total Revenues reached $18.4 million, up from $14.2 million in Q1 2025.
- Q1 2026 AFFO per diluted share increased to $0.53 from $0.44 year-over-year.
- Completed $74 million in gross investment activity at a 14.1% blended initial yield.
- Raised 2026 investment guidance to $170 million-$200 million.
- Increased 2026 AFFO per diluted share guidance to $2.11-$2.15.