PINE

Over the past six months, PINE reported strong Q1 2026 operating results with $18.4 million in revenues and $2.185 million in net income, raising its 2026 investment and AFFO guidance. Q2 2026 results showed total revenues of $20.0 million (up 35%) and FFO of $10.5 million (up 55%), beating estimates and causing a 2.53% share rise. The company raised $53.3 million in net proceeds from common stock sales in the first half of 2026 through ATM programs to fund new investments. Acquisitions included three properties in Richmond, Virginia, for $20.7 million in November 2025, and four additional properties for $46.8 million during the six months ended June 30, 2026. The board approved a 6.7% dividend increase to $0.32 per share starting Q3 2026. Analyst ratings varied, with a downgrade from Strong Buy to Outperform by Raymond James in July 2026, Buy ratings from Stifel Nicolaus, Jones Trading, and Huntington in July 2026, and a downgrade to Hold by Baird in June 2026. The stock traded between $13.10 and $21.99 over the past 52 weeks, closing at $17.73 as of September 18, 2026.