Alpine Income Property Trust Q2 revenue beats estimates dividend rises 6.7%

Alpine Income Property Trust

23/07/2026 21:18

    

    Overview
  
U.S. net lease REIT's Q2 revenue rose, beating analyst expectations
Adjusted FFO per share for Q2 increased to $0.58 from $0.44 last year
Company raised upcoming quarterly common stock dividend by 6.7%

    

    Outlook
  
Company raises 2026 net income per diluted share outlook to $0.81-$0.84 from $0.72-$0.76
Company now sees 2026 FFO per diluted share at $2.10-$2.13, up from $2.09-$2.13
Company lowers 2026 disposition volume outlook to $20-$40 mln from $30-$60 mln

    

    Result Drivers
  
INVESTMENT ACTIVITY - Co completed $77 mln of gross investment activity at a blended initial yield of nearly 9%, supporting revenue growth
PORTFOLIO GROWTH - Property portfolio annualized base rent grew to $50 mln, with 55% attributable to investment grade rated tenants
HIGHER INTEREST INCOME - Interest income from commercial loans and investments rose to $7.3 mln from $2.7 mln a year earlier

    
Company press release: ID:nGNX5lFgmz

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Beat
$20.002 mln
$18.85 mln (6 Analysts)
Q2 EPS
 
$0.16
 
Q2 Adjusted FFO Per Share
 
$0.58
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for Alpine Income Property Trust Inc is $22.00, about 5.4% above its July 22 closing price of $20.88
The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 54 three months ago

    

    Reuters Recommended Reads
  
July 22 - Essential Properties Realty Trust Q2 preliminary AFFO per share up; raises FY guidance
July 22 - Netstreit Q2 net income per share up 50%, co lifts FY AFFO guidance
July 22 - Getty Realty Q2 rental income rises on rental hikes, lifts 2026 AFFO outlook

    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)