secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001558370-23-016861
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000155837023016861/0001558370-23-016861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000155837023016861/cto-20231026x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016861

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