---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-006542"
form_type: "8-K"
ticker: "CTO"
cik: "0000023795"
company_name: "CTO Realty Growth, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:59:12.486726+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-006542
- form_type: 8-K
- ticker: CTO
- cik: 0000023795
- company_name: CTO Realty Growth, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23795/000155837024006542/0001558370-24-006542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23795/000155837024006542/cto-20240502x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-006542
- JSON: https://secwatch.observer/filing/0001558370-24-006542.json
- Plain text: https://secwatch.observer/filing/0001558370-24-006542.txt

## Key facts
- Earnings Releases
  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
  source text: Reported Net Income per diluted share attributable to common stockholders of $0.20 for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/23795/000155837024006542/0001558370-24-006542-index.htm

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