CTO Q3 2023: Core FFO $0.47/sh, guidance raised, same-property NOI -4.5%

CTO Realty Growth, Inc.

2023-Q3 EPS reported -$0.23 revenue$79,234,000

Net income $0.07 diluted EPS vs $0.19 YoY; Core FFO $0.47 (flat), AFFO $0.48.
Same-property NOI -4.5% YoY; signed 14 leases for 106k sf at $25.79 psf (0.4% decrease).
Sold two properties for $20.9M at 6.9% exit cap; repurchased 6,048 Series A preferred at $18.52/sh.
Raised FY 2023 Core FFO guidance midpoint to $1.60 (+4.9%) and AFFO to $1.74 (+4.5%).
Acquired 10.6-acre land adjacent to The Collection at Forsyth; Q3 dividend $0.38/sh (unchanged).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CTO Realty Growth, Inc. reported the quarter ended September 30, 2023 results: net income $0.07 per diluted share, EPS $0.07. Guidance raised.

Period: the quarter ended September 30, 2023
Net income: $0.07 per diluted share
EPS: $0.07
Guidance: raised
Result: reported results

Exact text from the filing

CTO Realty Growth Reports Third Quarter 2023 Operating Results

View on SEC.gov

Browse all earnings releases →

CTO Realty Growth, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-016861

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.