CTO
CTO Realty Growth, Inc.17.73
-0.07-0.39%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
584.02MP/E (TTM)
-Basic EPS (TTM)
-1.44Dividend Yield
0.09%Recent Filings
8-K
8-K
CTO raises 2025 FFO outlook
CTO Realty Growth reported Q3 2025 results with Core FFO of $0.48 per share, down slightly from $0.50 year-over-year, yet same-property NOI climbed 2.3% to $18.6 million on robust leasing. The REIT secured $150 million in term loans at 4.2% fixed to repay a $65 million maturing note, bolstering liquidity to $170 million while repurchasing $9.3 million in shares. Signed-not-open pipeline hits $5.5 million. Raised full-year Core FFO guidance to $1.84-$1.87 per share. Debt maturities loom in 2027.
10-Q
Q3 2025 results
CTO Realty Growth, Inc. reported strong Q3 2025 results, with total revenue up 18.7% year-over-year to $37.8 million, driven by income property growth and commercial loans. Income properties revenue increased 17.2% to $33.4 million, supported by acquisitions and leasing. Net income attributable to the company was $2.9 million, down from $6.2 million in Q3 2024 due to unrealized losses on PINE investment and higher interest expense. For the nine months, revenue rose 25.3% to $111.2 million, but net loss was $18.2 million versus $13.3 million income in 2024, primarily from a $20.4 million debt extinguishment loss. The company acquired Ashley Park for $80 million and sold three single-tenant properties for $7.1 million. Total assets grew to $1.22 billion, with $606.8 million in long-term debt. Compliance with covenants maintained, and liquidity remains solid with $161 million undrawn credit facility.
8-K
New $10M buyback approved
CTO Realty Growth completed its prior $5 million share repurchase program, buying back $4.3 million worth over the past 60 days, and its board approved a new $10 million authorization on September 24, 2025. The program allows open-market, block, or negotiated purchases, or Rule 10b5-1 plans, subject to market conditions. It signals confidence in the stock's value. Yet repurchases remain flexible and can be suspended anytime.
8-K
Q2 leasing surges, guidance steady
CTO Realty Growth reported Q2 2025 results with a net loss of $0.77 per diluted share, driven by a $20.4 million debt extinguishment charge from retiring its convertible notes, yet core FFO held steady at $0.45 per share while AFFO dipped to $0.47. Strong leasing momentum shone through, signing 190,000 square feet of comparable space at 21.6% cash rent spreads, boosting the signed-not-open pipeline to $4.6 million or 4.6% of in-place rent. Same-property NOI edged up 0.9% to $17.5 million. The company reaffirmed its 2025 core FFO guidance of $1.80-$1.86 per share, but debt costs linger.
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