Alpine Income Property Trust, Inc. (PINE) Earnings Call Transcripts

Alpine Income Property Trust, Inc.'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Alpine Income Property Trust, Inc. reported total revenue of $18.4 million, driven by lease income of $12.6 million and interest income from commercial loans of $5.8 million. Both FFO and AFFO were $0.53 per diluted share, reflecting a 20% year-over-year growth. The company raised its 2026 investment volume outlook by $100 million and increased guidance for FFO and AFFO per diluted share, indicating a strong growth trajectory and positive sentiment from management regarding future investments.

Reported metrics

Guidance from management

Management increased its FFO guidance for 2026 to a range of $2.09 to $2.13 per diluted share and AFFO guidance to $2.11 to $2.15 per diluted share, indicating strong growth expectations.

What management said

Yes. It seems fairly clear-cut to me; at present we have quite a bit going on in the pipeline as we aim to add more investment-grade credits positioned higher within our credit profile, and we're coming across some solid opportunities. In fact, we feel quite positive about what's achievable in the next quarter; regarding loans, a few remain in the pipeline. Since certain lower yielding loans will expire, get repaid o...

Yes; we're quite confident, because as the loan program has grown and we've completed several loans alongside these developers, they have gotten quite accustomed to how we operate and the customized approach we take to shaping these loans around what their projects require. When these loans get repaid, there's typically another item in the pipeline that they need to address. That pipeline is quite robust and of very ...

What analysts pressed on

Analysts expressed concerns regarding the potential volatility in earnings due to the timing of loan repayments and the impact of below-market lease renewals. There was also a focus on the sustainability of the loan portfolio's performance amidst changing market conditions.

Main topics on the call

• Increased Investment Guidance — Management raised the 2026 investment volume outlook by $100 million to a new range of $170 million to $200 million, signaling confidence in future acquisitions. CEO John Albright stated, "We have a highly attractive pip...
• Strong Revenue Growth — Total revenue for the quarter was $18.4 million, marking significant growth driven by both lease and interest income. CFO Philip Mays noted, "Earnings growth for the quarter was driven by investment activity, in particul...
• Portfolio Quality and Occupancy — The company reported a 99.5% occupancy rate across its 125 properties, with 50% of ABR generated from investment-grade rated tenants. This high occupancy reflects the strength of their property management strategy.
• Loan Portfolio Expansion — Alpine's commercial loan portfolio reached $160.4 million with a weighted average current yield of 13.5%. Management indicated that the loan portfolio now constitutes approximately 20% of total undepreciated asset value,...

Read the full Alpine Income Property Trust, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 37 Alpine Income Property Trust, Inc. earnings call transcripts on record, spanning April 28, 2020 to October 23, 2026. Based on this history, Alpine Income Property Trust, Inc. reports quarterly. The most recent call on file is dated October 23, 2026. The full list is below — each row opens the transcript.

Ticker

PINE

Exchange

New York Stock Exchange

Country

US

Sector

Real Estate

Industry

Diversified REITs

Calls on record

37

First call

April 28, 2020

Most recent

October 23, 2026

Reporting cadence

quarterly