---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016861"
form_type: "8-K"
ticker: "CTO"
cik: "0000023795"
company_name: "CTO Realty Growth, Inc."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:58:16.383947+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001558370-23-016861
- form_type: 8-K
- ticker: CTO
- cik: 0000023795
- company_name: CTO Realty Growth, Inc.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23795/000155837023016861/0001558370-23-016861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23795/000155837023016861/cto-20231026x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016861
- JSON: https://secwatch.observer/filing/0001558370-23-016861.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016861.txt

## Key facts
- Earnings Releases
  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
  source text: CTO Realty Growth Reports Third Quarter 2023 Operating Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/23795/000155837023016861/0001558370-23-016861-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.