Alpine (PINE) Q1 2026 Earnings Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2026
0mins
Source: NASDAQ.COM
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Analyst Views on PINE
Wall Street analysts forecast PINE stock price to fall
5 Analyst Rating
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 20.530
Low
16.00
Averages
17.94
High
19.00
Current: 20.530
Low
16.00
Averages
17.94
High
19.00
About PINE
Alpine Income Property Trust, Inc. is a real estate investment trust. The Company is engaged in investing in, owning and operating a portfolio of single-tenant net-leased commercial income properties that are predominately leased to publicly traded and credit-rated tenants. The Company’s primary objective is to maximize cash flow and value per share by generating stable and growing cash flows and attractive risk-adjusted returns through ownership, operation and growth through the acquisition of a diversified portfolio of high-quality, net-leased commercial properties with attractive long-term real estate fundamentals and through the investment of commercial loans secured by commercial real estate. It owns and operates a portfolio of commercial net lease properties all located in the United States. Its primary business segments include income properties and commercial loans and investments. Its portfolio consists of approximately 134 net leased properties located in 35 states.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Release Schedule: CTO Realty Growth will report its Q2 2026 financial and operating results after market close on July 28, indicating the company's commitment to transparency and timely information disclosure.
- Conference Call Timing: The company plans to hold a conference call on July 29, 2026, at 9:00 AM ET to discuss its financial and operational results, aiming to enhance communication with investors.
- Webcast Availability: The conference call will be available via a live webcast on the company's Investor Relations page, ensuring that all investors can access real-time information, thereby improving information accessibility.
- Replay Archive: A replay of the earnings call will be archived on the Investor Relations section of the company's website, allowing investors who cannot participate live to review the information later, further enhancing transparency and accessibility of information.
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- Earnings Release Schedule: Alpine Income Property Trust, Inc. will report its Q2 2026 financial and operating results after market close on July 23, 2026, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Timing: The company has scheduled a conference call for July 24, 2026, at 9:00 AM ET to discuss its financial and operating results, aiming to enhance interaction and information sharing with investors.
- Webcast Availability: The conference call will be available via a live webcast on the company's Investor Relations page, ensuring all investors can access key information in real-time, thereby improving information accessibility.
- Investor Relations Focus: Alpine Income Property Trust is dedicated to attracting high-quality publicly traded and credit-rated tenants by providing stable cash dividends and risk-adjusted returns, reflecting its strategic positioning in the commercial real estate investment sector.
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- Asset Disposition Strategy: CTO Realty has sold the Madison Yards shopping center in Atlanta for $73.3 million, covering 163,000 square feet at a price of $451 per square foot, aligning with the company's capital recycling strategy aimed at redeploying funds into higher-yielding investments.
- Capital Reinvestment: The sale allows CTO to reinvest proceeds into the recent $81.6 million acquisition of Palms Crossing in Texas, thereby enhancing the overall yield of its portfolio and increasing financial flexibility.
- Reduced AMC Exposure: This transaction reduces CTO's exposure to AMC Theaters to just two high-performing locations, optimizing asset allocation and strengthening the company's resilience in the retail market.
- Future Acquisition Plans: CTO is under contract to acquire a power center in the Dallas, Texas metro area for approximately $53 million, anticipated to close near the end of Q2 2026, further expanding its footprint in high-growth markets.
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- Dividend Announcement: CTO Realty has declared a quarterly cash dividend of $0.38 per share for Q2 2026, representing an annualized yield of approximately 7.4% based on the closing price on May 26, 2026, which is likely to attract more investor interest in the company's stock performance.
- Preferred Stock Dividend: The company also announced a cash dividend of $0.39844 per share for its 6.375% Series A Cumulative Redeemable Preferred Stock, enhancing its appeal to preferred shareholders and potentially boosting the company's credibility in capital markets.
- Record Date for Shareholders: The record date for the common stock cash dividend is June 11, 2026, with payment scheduled for June 30, 2026, ensuring that eligible shareholders receive their dividends promptly, which is expected to bolster shareholder confidence.
- Company Background: Established in 1910, CTO Realty has been publicly traded and has paid annual dividends for over 50 years, demonstrating its stable financial performance and commitment to shareholders, thereby solidifying its position in the Real Estate Investment Trust (REIT) market.
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- Portfolio Expansion: Alpine Income Property Trust acquired a retail property in Aspen, Colorado for $10 million during Q1 2026, structured as a 50-year absolute triple-net lease with an initial cap rate of 8.5% and 1.25% annual rent escalators, enhancing its high-quality asset portfolio.
- Loan Portfolio Growth: The company originated a $32 million first mortgage loan in the quarter, with $8.6 million funded at close, featuring a 24-month term and an initial interest rate of 13%, stepping down to 11.5% upon meeting certain conditions, which will improve revenue generation and risk-adjusted returns.
- Strong Financial Performance: Total revenue for the first quarter reached $18.4 million, including $12.6 million in lease income and $5.8 million in interest income from commercial loans, with both FFO and AFFO at $0.53 per diluted share, indicating robust income and cash flow stability.
- Optimistic Outlook: The company raised its 2026 investment activity outlook to a range of $170 million to $200 million and increased its FFO and AFFO guidance, reflecting management's confidence in future growth, particularly as the loan portfolio has reached its targeted scale.
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