CTO Realty Growth posts Q1 net loss $0.32/sh; Core FFO $0.39; dividend up 5.6%

CTO Realty Growth, Inc.

2023-Q1 EPS reported -$0.32 revenue$24,717,000

Net loss per diluted share ($0.32); Core FFO $0.39, AFFO $0.43 for Q1 2023.
Same-Property NOI decreased 1.2% YoY; leased occupancy at 94% with 350 bps future pickup.
Acquired 6,000 sq ft retail in Buford, GA for $3.3M at 7.2% cap; originated $15M loan at 8.75%.
Repurchased 303,354 shares for $5.0M at avg $16.48; paid $0.38 dividend (+5.6% YoY).
FY2023 guidance: AFFO per share $1.64–$1.69; Core FFO per share $1.50–$1.55.

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 three months ended March 31, 2023 results: net income ($5,993), EPS ($0.32).

Period: three months ended March 31, 2023
Net income: ($5,993)
EPS: ($0.32)
Result: reported results

Exact text from the filing

Reported a Net Loss per diluted share attributable to common stockholders of ($0.32) for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001558370-23-007085

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