CTO Q2 2023 Core FFO per share $0.43; invests $72.5M in acquisitions, same-property NOI down 2.5%

CTO Realty Growth, Inc.

2023-Q2 EPS reported -$0.29 revenue$50,764,000

Reported Core FFO per diluted share of $0.43, down from $0.47 in Q2 2022; AFFO per share $0.48 vs $0.49.
Net income attributable to common stockholders $605K ($0.03 per share) vs $22K in Q2 2022.
Invested $72.5M in three multi-tenant retail properties at 8.0% cap rate; sold one property for $2.1M.
Signed 17 leases with 8.6% comparable growth; same-property NOI decreased 2.5% YoY.
Paid common dividend of $0.38 per share, a 1.8% increase from prior year.

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