| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 41.17 | 15.0% |
| Total Income | 41.17 | 15.0% |
| Expenditure | 30.88 | 10.5% |
| PBT | 6.27 | 171.4% |
| Net Profit | 6.21 | 174.8% |
| OPM | 25.00% | 3.01pp |
| NPM | 15.07% | 8.76pp |
| EPS | 0.13 | 1200.0% |
CTO Realty Growth Reports Q1 2026 Operating and Financial Results
03 May 2026 · 3 May, 6:29 pm
Summary
CTO Realty Growth, Inc. announced its Q1 2026 operating and financial results, reporting net income attributable to common stockholders of $0.13 per diluted share. Core FFO was $0.52 per diluted share, and AFFO was $0.56 per diluted share. Shopping center same-property NOI increased by 6.8% compared to Q1 2025. The company acquired Palms Crossing for $81.6 million and received $30.0 million from the repayment of its Watters Creek investment. The company also raised its 2026 outlook for Core FFO and AFFO per share.
Key Highlights
- 1
CTO Realty Growth's Core Funds from Operations attributable to common stockholders was $0.52 per diluted share for Q1 2026.
- 2
Adjusted Funds from Operations attributable to common stockholders reached $0.56 per diluted share.
- 3
Shopping center same-property net operating income increased by 6.8% compared to the same period in 2025.
- 4
The company executed 146,000 square feet of comparable retail leases at a positive cash rent spread of 14%.
- 5
CTO Realty Growth acquired Palms Crossing, a 399,000 square foot open-air retail center in McAllen, Texas, for $81.6 million.
- 6
The company's preferred investment in Watters Creek Village was repaid in full for $30.0 million.
- 7
The company raised its 2026 Core FFO per Common Share - Diluted guidance to $2.06 to $2.11.
Management Comments
John P. Albright
“We’re off to a strong start in 2026 on all fronts, with robust leasing, strong same-center NOI growth, and an acquisition of a high-quality open-air retail center in Texas, one of our core markets,” stated John P. Albright, President and Chief Executive Officer of CTO Realty Growth. “Further, we see meaningful tailwinds in the coming quarters driven by our $6.2 million SNO pipeline, which represents 5.5% of in-place cash ABR. We are particularly pleased with our acquisition of Palms Crossing which aligns well with our strategy to acquire high-quality, well-located retail centers with embedded future rent growth and anchored by strong national retailers.”
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