CTO Realty Growth Q1 net income $0.20/sh vs loss; Core FFO $0.48, AFFO $0.52, raises guidance

CTO Realty Growth, Inc.

2024-Q1 EPS reported $0.20 revenue$28,127,000

Net income per diluted share $0.20 (vs $(0.32) loss in Q1 2023); Core FFO $0.48, AFFO $0.52.
Same-Property NOI +6.0% YoY; leased occupancy 94.3% (up 100 bps seq).
Invested $71M in two retail properties at 8.0% cap rate; sold one property for $20M with $4.6M gain.
Raised 2024 Core FFO guidance to $1.60-$1.68 and AFFO to $1.74-$1.82.
Repaid all floating-rate debt; preferred stock offering of $33.1M at 6.38% in April.

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 March 31, 2024 results: net income $4,655, EPS $0.20. Guidance raised.

Period: the quarter ended March 31, 2024
Net income: $4,655
EPS: $0.20
Guidance: raised
Result: reported results

Exact text from the filing

Reported Net Income per diluted share attributable to common stockholders of $0.20 for the quarter ended March 31, 2024.

View on SEC.gov

1447 earnings releases filed in the last 30 days. Browse all earnings releases →

CTO Realty Growth, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-006542

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.