secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001558370-24-006542
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000155837024006542/0001558370-24-006542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000155837024006542/cto-20240502x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006542

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer