CTO Realty Growth Q4 same-store NOI +4.7%, FY AFFO $1.91; 2024 guidance $1.70-$1.78

CTO Realty Growth, Inc.

2023-FY EPS reported $0.03 revenue$109,119,000

FY2023 net income $0.03 diluted EPS (vs $(0.09) prior year); Q4 $0.25 diluted EPS.
FY2023 Core FFO $1.77, AFFO $1.91 per diluted share; Q4 Core FFO $0.48, AFFO $0.52.
FY2023 same-store NOI -2.4%; Q4 +4.7%. Comparable rent spreads: FY +7.5%, Q4 +17.9%.
FY2023: $80M invested in 4 retail properties (7.5% cap); $87.1M dispositions (7.5% exit cap).
2024 guidance: Core FFO $1.56-$1.64, AFFO $1.70-$1.78; same-store NOI growth 2-4%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

CTO Realty Growth, Inc. reported the quarter and year ended December 31, 2023 results: EPS $0.03 for the year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
EPS: $0.03 for the year ended December 31, 2023
Result: reported results

Exact text from the filing

Reported Net Income per diluted share attributable to common stockholders of $0.03 for the year ended December 31, 2023.

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Source: SEC EDGAR

accession 0001558370-24-001533

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