Alpine Income Property Trust, Inc. Q1 FY26 Results

Summary

Alpine Income Property Trust reported its operating results for the first quarter of 2026. The company completed $74 million in gross investment activity with a 14% blended initial yield. They raised $36 million through ATM programs and increased their 2026 investment guidance to $170-$200 million. AFFO per diluted share guidance was also raised to $2.11-$2.15. First quarter total revenues were $18.406 million, up from $14.206 million in the prior year.

Key Highlights

1. 1

   Alpine Income Property Trust completed $74 million of gross investment activity at a 14% blended initial yield in Q1 2026.

2. 2

   The company raised $36 million of common and preferred equity via ATM programs during the quarter.

3. 3

   2026 investment guidance is raised to $170 million to $200 million.

4. 4

   The company increased 2026 AFFO per diluted share guidance to $2.11 to $2.15.

5. 5

   Total revenues for the three months ended March 31, 2026, were $18.406 million compared to $14.206 million for the same period in 2025.

6. 6

   AFFO attributable to common stockholders per diluted share was $0.53 for the quarter ended March 31, 2026, compared to $0.44 for the same period in 2025.