earnings
confidence high
sentiment neutral
materiality 0.70
CTO Realty Growth Q1 net income $0.01/share; acquires $79.8M Ashley Park
CTO Realty Growth, Inc.
2025-Q1 EPS reported
$0.01
revenue$35,811,000
- Net income attributable to common stockholders $0.01 per diluted share, down from $0.20 YoY; Core FFO $0.46, AFFO $0.49 per share.
- Acquired Ashley Park (559k sf, Atlanta) for $79.8M at initial cash cap rate near high end of guidance.
- Signed 109k sf of comparable leases at 37.2% positive cash rent spread; signed-not-open pipeline $4.0M (4.0% of in-place rent).
- Same-Property NOI increased 2.4% to $17.1M; liquidity $138.4M as of March 31, 2025.
- Reaffirmed full year 2025 Core FFO guidance $1.80-$1.86 and AFFO $1.93-$1.98 per diluted share.