secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001558370-24-013624
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTO Realty Q3 EPS $0.17; Core FFO $0.50, guidance raised
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- Net income $0.17/diluted share; Core FFO $0.50 (+6.4% YoY); AFFO $0.51 (+6.3% YoY).
- Raised $125.7M net proceeds from ATM; closed $100M 5-year unsecured term loan at 4.7%.
- Investments $191.3M at 9.5% yield, including $137.5M portfolio acquisition (3 centers in Charlotte, Orlando, Tampa).
- Same-property NOI +6.3% to $16.8M; leased occupancy 95.8% vs 94.6% in Q2.
- FY2024 Core FFO guidance raised to $1.83-$1.87 (prev $1.81-$1.86); AFFO to $1.96-$2.00.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000155837024013624/0001558370-24-013624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000155837024013624/cto-20241024x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013624

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