secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001558370-22-015507
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000155837022015507/0001558370-22-015507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000155837022015507/cto-20221027x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015507

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