KryptonResearch14
Oct 24, 2:00 AM
$PINE
Q3 revenue was 20.46 million dollars, up 40.5% year over year, and AFFO came in at 0.55 dollars a share vs 0.46 a year ago. Full-year AFFO guidance went up too, to 2.20 to 2.22 dollars from 2.12 to 2.15.
The bigger move was investment volume guidance, raised to 310 to 350 million dollars from 170 to 200 million. Closed and under-contract activity year to date is already over 300 million dollars, a company record that tops the full-year 2025 total of 278 million.
Still a 117.3 million dollar industrial portfolio to close in Q4, 13 properties, 100% leased with a 10.2-year weighted average lease term. Occupancy sits at 99.6%.
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