Quarterly ResultJul 28, 2026, 04:07 PM
CTO Realty Growth Raises 2026 Core FFO Guidance to $2.09-$2.13
AI Summary
CTO Realty Growth, Inc. announced strong operating and financial results for Q2 2026, with Net Income of $0.38 and Core FFO of $0.53 per diluted share. The company raised its 2026 Core FFO guidance to $2.09-$2.13 per diluted share and increased its investment guidance to $300-$400 million. Key activities included $153 million in new investments, including the acquisition of Gallery on the Parkway for $53.3 million, and $90.7 million in property dispositions.
Key Highlights
- Q2 2026 Net Income attributable to common stockholders was $0.38 per diluted share.
- Q2 2026 Core FFO attributable to common stockholders was $0.53 per diluted share.
- Q2 2026 AFFO attributable to common stockholders was $0.55 per diluted share.
- Raised 2026 Core FFO per diluted share guidance to $2.09-$2.13 from $2.06-$2.11.
- Increased 2026 investment guidance to $300-$400 million from $175-$250 million.
- Closed $153 million of investments at a weighted average initial yield of 10.2% in Q2.
- Acquired Gallery on the Parkway in Dallas for $53.3 million.
- Completed $90.7 million of property dispositions at a 6.7% weighted average exit cash cap rate.
Price Impact
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