Quarterly ResultJul 28, 2026, 04:32 PM
CTO Realty Q2 Net Income $15.1M; Revenue Up 16.5%
AI Summary
CTO Realty Growth reported a significant turnaround in Q2 2026, achieving a net income of $15.1 million, or $0.38 per common share, compared to a net loss in the prior year. Total revenues for the quarter increased by 16.5% to $43.8 million. For the first six months of 2026, the company posted a net income of $21.3 million, a substantial improvement from a net loss in the same period last year, driven by strong income property performance and strategic asset dispositions.
Key Highlights
- Q2 2026 Net Income attributable to the Company was $15.1 million, up from a $23.4 million net loss in Q2 2025.
- Q2 2026 Total Revenues increased 16.5% to $43.8 million from $37.6 million in Q2 2025.
- Basic and Diluted EPS for Q2 2026 was $0.38, compared to $(0.77) in Q2 2025.
- Net Income attributable to the Company for H1 2026 was $21.3 million, reversing a $21.2 million net loss in H1 2025.
- Total Assets grew 11.2% to $1.41 billion as of June 30, 2026, from $1.26 billion at year-end 2025.
- Net cash provided by operating activities for H1 2026 increased 26.0% to $34.6 million.
- Long-term debt increased 6.9% to $658.7 million as of June 30, 2026.
Price Impact
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