Revenue: As of FY2026 Q1, the actual value is USD 18.41 B.EPS: As of FY2026 Q1, the actual value is USD 0.06, missing the estimate of USD 0.1125.EBIT: As of FY2026 Q1, the actual value is USD 10.88 B.<h4>Overview of Operations</h4><ul><li>Total Revenues: Increased to $18,406 thousand in the three months ended March 31, 2026, from $14,206 thousand in the prior year period, a 29.6% increase.</li><li>Total Operating Expenses: Decreased to $11,884 thousand in 2026 from $13,088 thousand in 2025, a -9.2% change.</li><li>Net Income (Loss): Improved to $2,357 thousand in 2026 from a net loss of - $1,278 thousand in 2025, a 284.4% change.</li></ul><h4>Segmented Revenues</h4><ul><li>Income Properties: Lease income was $12,602 thousand in 2026, up from $11,826 thousand in 2025 (6.6% increase), primarily due to property acquisitions versus dispositions.</li><li>Commercial Loans and Investments: Interest income was $5,758 thousand in 2026, significantly up from $2,301 thousand in 2025 (150.2% increase), due to an expanded portfolio.</li><li>Other Revenue: Decreased to $46 thousand in 2026 from $79 thousand in 2025 (-41.8% decrease).</li></ul><h4>Segmented Operating Expenses</h4><ul><li>Income Properties: Real estate expenses were $2,302 thousand in 2026, up from $2,034 thousand in 2025 (13.2% increase), reflecting an expanded property portfolio. The provision for impairment was $0 thousand in 2026, compared to $1,824 thousand in 2025.</li><li>Commercial Loans and Investments: Provision for impairment was $508 thousand in 2026, up from $207 thousand in 2025.</li><li>Company-wide Operating Expenses: General and administrative expenses increased to $1,859 thousand in 2026 from $1,716 thousand in 2025 (8.3% increase). Depreciation and amortization were $7,215 thousand in 2026, slightly down from $7,307 thousand in 2025 (-1.3% decrease).</li></ul><h4>Gains and Other Income/Expense</h4><ul><li>Gain on Disposition of Assets: $97 thousand in 2026, down from $1,151 thousand in 2025 (-91.6% decrease).</li><li>Interest Expense: Increased to $4,353 thousand in 2026 from $3,592 thousand in 2025 (21.2% increase).</li></ul><h4>Portfolio and Investment Activity</h4><ul><li>Property Portfolio: As of March 31, 2026, Alpine Income Property Trust, Inc. owned 125 properties across 31 states, with an aggregate gross leasable area of 4.3 million square feet and 100% occupancy.</li><li>Acquisitions: One property was acquired for $10.0 million through a sale-leaseback transaction.</li><li>Dispositions: Three properties were sold for an aggregate sales price of $5.8 million, generating $0.1 million in gains.</li><li>Commercial Loan and Investment Activity: One commercial loan was originated for $32.0 million, one property was acquired for $10.0 million, and two loan investments were upsized by $31.9 million, totaling $73.9 million in new loan originations, of which $50.4 million was funded.</li><li>Unfunded Loan Commitments: Totaled $59.1 million as of March 31, 2026, for construction/redevelopment loans.</li></ul><h4>Capital Expenditures</h4><ul><li>Income Properties: $0 thousand in 2026, compared to $39,988 thousand in 2025.</li><li>Commercial Loans and Investments: $57,529 thousand in 2026, up from $21,383 thousand in 2025.</li><li>Total Capital Expenditures: $57,529 thousand in 2026, down from $61,371 thousand in 2025.</li></ul><h4>Identifiable Assets</h4><ul><li>Income Properties: $493,769 thousand as of March 31, 2026, down from $505,273 thousand as of December 31, 2025.</li><li>Commercial Loans and Investments: $237,442 thousand as of March 31, 2026, up from $182,397 thousand as of December 31, 2025.</li><li>Total Assets: $745,126 thousand as of March 31, 2026, up from $715,874 thousand as of December 31, 2025.</li></ul><h4>Cash Flow from Activities</h4><ul><li>Operating Activities: Net cash provided was $4,360 thousand in 2026, down from $5,828 thousand in 2025.</li><li>Investing Activities: Net cash used was - $25,305 thousand in 2026, compared to - $48,093 thousand in 2025.</li><li>Financing Activities: Net cash provided was $8,992 thousand in 2026, down from $45,886 thousand in 2025.</li></ul><h4>Non-GAAP Financial Measures</h4><ul><li>Funds From Operations (FFO) Attributable to Common Stockholders: $8,861 thousand in 2026, up from $6,909 thousand in 2025.</li><li>Adjusted Funds From Operations (AFFO) Attributable to Common Stockholders: $8,907 thousand in 2026, up from $7,040 thousand in 2025.</li></ul><h4>Liquidity and Capital Resources Outlook</h4>Alpine Income Property Trust, Inc. anticipates sufficient liquidity for operations, capital requirements, maintenance, and debt service over the next twelve months and into the foreseeable future, supported by cash on hand, operating cash flow, asset sale proceeds, and available capacity under ATM programs and the Revolving Facility. Management’s strategy focuses on investing in net leased properties using raised capital and borrowing capacity to expand its income-producing property portfolio, targeting stabilized cash flows and strong risk-adjusted returns primarily in larger metropolitan areas and growth markets. The Board and management regularly review capital allocation options, including adjusting dividends, repurchasing securities, and retaining funds for reinvestment, to optimize long-term stockholder returns.

Alpine Inc Property Trust - Reit | 10-Q: FY2026 Q1 Revenue: USD 18.41 B