Alpine Income Property Trust raises 2026 guidance and announces $117.3 million industrial acquisition
Alpine Income Property Trust reported third‑quarter 2026 earnings of $0.18 per share and revenue of $20.46 million, beating estimates. The REIT raised its full‑year 2026 FFO guidance to $2.19‑$2.21 per share and AFFO guidance to $2.20‑$2.22 per share. It also announced a pending purchase of a 13‑property, 1.9‑million‑square‑foot industrial portfolio for $117.3 million, expected to close in the fourth quarter. New financing commitments add $175 million of liquidity, while net‑debt‑to‑EBITDA remains at 6.5 times.
Why it matters
The company expects the acquisition and higher investment volume to drive AFFO growth that outpaces peers, supporting the raised guidance. Alpine indicated leverage will temporarily rise to about 7.3 times as it funds the deal, which could affect credit metrics and investor risk assessment.
Key facts
- 1Q3 2026 earnings were $0.18 per share, beating the $0.17 forecast. investing.com
- 2Quarter revenue was $20.46 million, above the $20.17 million estimate. investing.com
- 3Alpine announced a pending acquisition of a 13‑property industrial portfolio for $117.3 million. investing.com
- 4Full‑year 2026 FFO guidance was raised to $2.19‑$2.21 per share. finance.yahoo.com
- 5Full‑year 2026 AFFO guidance was raised to $2.20‑$2.22 per share. finance.yahoo.com
- 6Net debt to pro‑forma adjusted EBITDA stood at 6.5 times. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.