CTO
CTO Realty Growth, Inc.17.73
-0.07-0.39%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Anchor timings, Pompano upside detailed
Q&A detailed anchor backfill timings, with three remaining spaces resolving in six months and half of $6.1M signed-not-open pipeline ramping ratably in 2026. Pompano City Center offers big upside from JCPenney paying nothing and vacancy lease-up. Management prefers power/lifestyle centers over low-yield grocers, hunts chunky acquisitions, and plans to trim Atlanta weighting while recycling at 100+ bps spreads. New Mexico office now marketable but held for state rent start. Q&A largely reaffirms prepared remarks. Yields beat grocers. Investors watch lease commencements, deploys.
Key Stats
Market Cap
584.02MP/E (TTM)
-Basic EPS (TTM)
-1.44Dividend Yield
0.09%Recent Filings
10-K
FY2025 results
CTO Realty Growth drove FY2025 revenues to $149.5M, up 20% y/y, with income properties surging 19.5% to $132.2M on acquisitions outpacing dispositions while shopping center occupancy climbed to 92%/96%. Operating income doubled to $34.0M, fueled by $21.5M gains from $85.1M property sales, yet Q4 momentum shone through portfolio lease-up and commercial loan interest jumping 70% y/y to $12.5M annually. Debt swelled to $616M amid $145M buys, but $41M cash and $149M revolver room back capex and $9.3M buybacks. No 2026 guidance disclosed. E-commerce squeezes retail tenants.
8-K
Q4 AFFO $0.51, 95.9% occupancy
CTO Realty Growth reported Q4 net income of $0.82 per diluted share and full-year AFFO of $1.97 per share, boosted by $165.9M investments at 9.0% cash yield and $85.1M dispositions. Record leasing drove 95.9% occupancy and 4.4% shopping center NOI growth. Leased occupancy hit record highs. 2026 AFFO guides $2.11-$2.16 amid $100M-$200M investments.
8-K
Fee waiver for PINE offering
CTO Realty Growth's subsidiary waived half its base management fee on net proceeds from Alpine Income Property Trust's 8.00% Series A Preferred Stock offering, priced November 5, 2025. The rate drops to 0.75% per annum from 1.50% on this incremental equity base, if completed by November 30. Waiver supports PINE's capital raise. Deal voids if offering fails.
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
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.
AKR
Acadia Realty Trust
19.78-0.40
CBL
CBL & Associates Properties, In
37.55+0.08
CIO
City Office REIT, Inc.
6.95+0.00
FCPT
Four Corners Property Trust, In
22.98-0.29
GIPR
Generation Income Properties In
0.84-0.06
GTY
Getty Realty Corporation
28.43-0.27
NTST
NetSTREIT Corp.
17.22-0.27
PINE
Alpine Income Property Trust, I
16.82-0.42
SITC
SITE Centers Corp.
6.31-0.06
SQFT
Presidio Property Trust, Inc.
3.21-0.80