Alpine Income Property Trust Inc (PINE)
NYSE:PINE
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Earnings Data
Report Date
Jul 16, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.09Last Year’s EPS
-0.12Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong operational and financial momentum: 20% YoY FFO/AFFO growth, raised full-year guidance (~12% implied growth), successful equity raises ($36.2M), a high-occupancy, long-duration property portfolio, and a loan portfolio yielding ~13.5% and at the target ~20% allocation. Headwinds are mostly timing and structure-related—loan funding cadence, PIK components, restricted cash for loan reserves, and modest leverage (net debt/EBITDA 6.6x). Management described a robust pipeline and confidence in reinvestment opportunities, positioning the company to capitalize on accretive opportunities while managing short-term funding and timing variability.Company Guidance
Strong Financial Results and Growth in FFO/AFFO
FFO and AFFO were $0.53 per diluted share for the quarter, representing 20% year-over-year growth. Company raised full-year 2026 guidance to FFO $2.09–$2.13 and AFFO $2.11–$2.15 per diluted share, midpoints implying approximately 12% growth.
Robust Revenue Mix and Loan Yield
Total revenue was $18.4 million (lease income $12.6M; interest income from loans $5.8M). Commercial loan portfolio totaled $160.4 million with a weighted average current yield (including PIK) of 13.5%.
Loan Portfolio at Target Allocation
Loan portfolio has grown to approximately 20% of total undepreciated asset value, reaching the company’s target mix between property and loan investments.
Active and Accretive Investment Activity
Raised investment activity outlook by $100 million to a new deployment target of $170–$200 million for 2026. Originated a $32M first mortgage loan (funded $8.6M at close) and closed/funded a $31.8M Phase 2 loan (net combined investment of $40M after A-1 participation).
Successful Equity Raises
Utilized common and preferred ATM programs to raise $36.2 million of equity in the quarter (common: ~1.7M shares, gross avg $19.31; preferred: ~186k shares, gross avg $25.17).
High-Quality Property Portfolio Metrics
Portfolio consists of 125 properties (4.3M sq ft) across 31 states with 99.5% occupancy and a weighted average lease term (WALT) of 9.3 years. 50% of ABR is generated from investment-grade rated tenants; top tenants include Lowe's, Dick's, Walmart and Best Buy.
Accretive Retail Acquisition
Acquired a downtown Aspen retail property for $10 million structured as a 50-year absolute triple-net master lease with an initial cap rate of 8.5% and 1.25% annual rent escalators.
Improved Liquidity Profile and Debt Maturity Extension
Amended credit facility includes a $250M revolver (due Feb 2030) and two $100M term loans (maturing 2029 and 2031). Locked initial fixed rates (~3.5% for term loans; ~4.8% on $100M of revolver) and now have no debt maturing for almost three years. Ended the quarter with approximately $90 million of liquidity.
Dividend Increase
Board increased the quarterly common dividend by 5.3% from $0.285 to $0.30 per share beginning this quarter, representing a 57% AFFO payout ratio for the quarter.
PINE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PINE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $19.66 | $19.83 | +0.86% |
Feb 05, 2026 | $18.19 | $19.33 | +6.28% |
Oct 23, 2025 | $13.50 | $13.37 | -0.93% |
Jul 24, 2025 | $13.74 | $13.57 | -1.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Alpine Income Property Trust Inc (PINE) report earnings?
Alpine Income Property Trust Inc (PINE) is schdueled to report earning on Jul 16, 2026, After Close (Confirmed).
What is Alpine Income Property Trust Inc (PINE) earnings time?
Alpine Income Property Trust Inc (PINE) earnings time is at Jul 16, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is PINE EPS forecast?
PINE EPS forecast for the fiscal quarter 2026 (Q2) is 0.09.