Alpine Income Property Trust, Inc.

Alpine Income Property Trust, Inc. Earnings Recaps

PINE Real Estate 1 recap
Q3 2025 Oct 24, 2025

Alpine Income Property Trust reported solid Q3 results with a 4.5% increase in AFFO per share, driven by significant investment activity and a portfolio heavily weighted towards investment-grade tenants.

Key takeaways
  • Q3 AFFO and FFO both came in at $0.46 per diluted share, marking growth of 4.5% and 2.2% year-over-year.
  • The company acquired two properties leased to Lowe's for $21.1 million, making it the largest tenant by annualized base rent.
  • Year-to-date property acquisition volume reached $60.8 million with a weighted average initial cap rate of 7.7%.
  • The portfolio now comprises 128 properties, 99.4% occupied, with 48% of annual base rent derived from investment-grade tenants.
  • A healthy liquidity position of $61 million provides ample opportunity for strategic growth moving forward.
Full recap