Quarterly ResultApr 28, 2026, 04:27 PM
CTO Q1 EPS $0.13, up 1200%; Revenue +15%; Acquires Palms Crossing for $81.8M
AI Summary
CTO Realty Growth, Inc. reported a significant increase in net income and EPS for Q1 2026, with net income attributable to common stockholders rising to $4.3 million from $0.4 million year-over-year, and EPS reaching $0.13 from $0.01. Total revenues grew by 15% to $41.2 million. The company also completed the acquisition of Palms Crossing shopping center for $81.8 million and saw the full repayment of a $30.0 million preferred equity investment.
Key Highlights
- Q1 2026 Net Income Attributable to Common Stockholders $4.3M, up from $0.4M YoY.
- Q1 2026 Basic & Diluted EPS $0.13, up from $0.01 YoY.
- Q1 2026 Total Revenues $41.2M, a 15% increase from $35.8M YoY.
- Acquired Palms Crossing shopping center for $81.8M in Q1 2026.
- Repaid $30.0M Watters Creek preferred equity investment in full.
- Assets Held for Sale reached $72.1M as of March 31, 2026.
- Net Cash from Operating Activities $14.6M, up from $10.3M YoY.
- Long-Term Debt increased to $649.5M from $616.3M since Dec 31, 2025.
Price Impact
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