Alpine Income Property Raises Full-Year Guidance Following Record Investment Activity
Alpine Income Property (PINE) has raised its full-year 2026 adjusted funds from operations (AFFO) guidance following a period of accelerated investment activity. The company reported record year-to-date transaction volumes exceeding $300 million, significantly surpassing its total for the full year of 2025. A key driver of this growth is the acquisition of a $117.3 million industrial property portfolio consisting of 13 properties. While industrial assets are not the company's primary strategic focus, management noted that these specific sites offer attractive yields and highly stable cash flows due to tenants having occupied the locations for an average of 40 years. Financially, Alpine has successfully strengthened its balance sheet, reducing net debt to pro forma adjusted EBITDA from 7.7x a year ago to 6.5x. To support continued expansion and capital deployment without overextending leverage, management is currently evaluating external equity and private capital partnerships.
Tickers: $PINE
Topics: Acquisitions Earnings Report FFO Growth Real Estate
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