earnings
confidence high
sentiment neutral
materiality 0.75
CTO Realty Growth reports FY2022 net loss per share ($0.09); Core FFO $1.74, AFFO $1.83
CTO Realty Growth, Inc.
2022-FY EPS reported
-$0.09
revenue$82,320,000
- Net loss per diluted share ($0.09) for FY2022; Q4 net loss ($0.21) per share.
- Core FFO per diluted share $1.74 (up 35% YoY); AFFO $1.83 (up 26% YoY).
- Record $314M invested in five retail/mixed-use properties at 7.5% cap rate; $59.2M structured investments at 8.2% yield.
- 2023 guidance: Core FFO $1.50-$1.55, AFFO $1.64-$1.69 per share; same-property NOI growth 1%-4%.
- Common dividend raised 12% to $1.49/share for FY2022; Q4 dividend $0.38/share (14% YoY increase).