CTO Realty Growth Q2 2024 Core FFO $0.45, raises full-year guidance

CTO Realty Growth, Inc.

2024-Q2 EPS reported $0.17 revenue$56,972,000

Net loss per share $(0.03) in Q2 2024 vs income $0.03 in Q2 2023; Core FFO $0.45, up 4.7% YoY.
AFFO per share $0.48, unchanged YoY; Same-Property NOI up 2.0% in Q2 and 4.0% in H1 2024.
Raised 2024 Core FFO guidance to $1.81-$1.86 (midpoint +12%) and AFFO to $1.95-$2.00 (+11%).
Completed $33.1M preferred equity offering and $4.3M ATM common offering; liquidity ~$155M.
YTD signed 34 leases across ~183,000 sq ft; signed-not-open pipeline represents $4.7M, or 5.9% of ABR.

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