Alpine Income Property Trust raises 2026 AFFO guidance to $2.12-$2.15 and boosts quarterly dividend to $0.32

Earnings
โดย Seeking Alpha·Read original
Summary · why it matters

Alpine Income Property Trust lifted the low end of its full-year 2026 AFFO guidance to a range of $2.12 to $2.15 per diluted share and increased its quarterly dividend to $0.32. The company reported second-quarter AFFO of $0.58 per diluted share, a 32% increase from the prior year, on total revenue of $20 million. Investment activity totaled approximately $77 million at a blended initial yield of 8.7%, including $36.6 million in property acquisitions at a weighted average initial cap rate of 7.4%. The portfolio ended the quarter with 128 properties, 99.5% occupancy, and a weighted average lease term of 9.2 years, while investment-grade annual base rent rose to 55%. The company also originated a $40 million first mortgage loan with $6.2 million funded at a 10% initial yield and raised $25.6 million in net proceeds through its at-the-market equity programs.

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