CTO Realty Growth Q3 Core FFO $0.47/share (+38% YoY); acquires $174M properties, raises dividend 14%

CTO Realty Growth, Inc.

2022-Q3 EPS reported $0.15 revenue$59,790,000

Net income per diluted share $0.19; Core FFO per share $0.47 (up 38.2% YoY); AFFO per share $0.49 (up 36.1% YoY).
Acquired Madison Yards (Atlanta) for $80.2M and West Broad Village (Richmond) for $93.9M; total acquisitions $174.1M.
Same-Property NOI increased 12.0% in Q3, 21.5% YTD; dividend raised 14% to $0.38/share quarterly.
Expanded credit facility to $300M, extended to Jan 2027; new $100M fixed-rate term loan due Jan 2028.
2022 guidance raised: Core FFO $1.71-$1.74, AFFO $1.79-$1.82 per share; YTD Core FFO $1.41, AFFO $1.47.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CTO Realty Growth, Inc. reported the quarter ended September 30, 2022 results: net income $0.19, EPS $0.19 per diluted share.

Period: the quarter ended September 30, 2022
Net income: $0.19
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

Reported Net Income per diluted share attributable to common stockholders of $0.19 for the quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001558370-22-015507

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