PINE Alpine Income Property Trust (PINE) Q3 FY26 earnings call
Alpine Income Property Trust reported a strong third quarter, marked by significant investment activity and a subsequent raise in full-year guidance. The company continues to focus on high-yield acquisitions, including a substantial industrial portfolio, while managing its loan book and balance sheet. Management anticipates a temporary increase in leverage following the industrial acquisition, with plans for dispositions and organic growth to reduce it.
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PINE operating KPIs by quarter
| KPI | Jun 2026 Q2 FY26 | This call Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Properties | 128More broadly, at quarter end, our property portfolio consisted of 128 properties totaling 4.5 million square feet across 31 states with 99.5% occupancy and a WALT of 9.2 years.Source: earnings call transcript | 130At quarter end, our property portfolio consists of 130 properties, totaling 4.8 million square feet across 31 states, with 99.6% occupancy, and a weighted average lease term of 8.7 years.Source: earnings call transcript | +1.6% |
| Square feet | 4.5M sq ftMore broadly, at quarter end, our property portfolio consisted of 128 properties totaling 4.5 million square feet across 31 states with 99.5% occupancy and a WALT of 9.2 years.Source: earnings call transcript | 4.8M sq ftAt quarter end, our property portfolio consists of 130 properties, totaling 4.8 million square feet across 31 states, with 99.6% occupancy, and a weighted average lease term of 8.7 years.Source: earnings call transcript | +6.7% |
| Occupancy rate | 99.5%More broadly, at quarter end, our property portfolio consisted of 128 properties totaling 4.5 million square feet across 31 states with 99.5% occupancy and a WALT of 9.2 years.Source: earnings call transcript | 99.6%At quarter end, our property portfolio consists of 130 properties, totaling 4.8 million square feet across 31 states, with 99.6% occupancy, and a weighted average lease term of 8.7 years.Source: earnings call transcript | +0.1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.