| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 43.83 | 6.5% | 16.4% |
| Total Income | 43.83 | 6.5% | 16.4% |
| Expenditure | 30.58 | 1.0% | 39.2% |
| PBT | 16.23 | 158.8% | 169.9% |
| Net Profit | 15.11 | 143.3% | 164.5% |
| OPM | 30.23% | 5.23pp | 63.92pp |
| NPM | 34.48% | 19.41pp | 96.70pp |
| EPS | 0.38 | 192.3% | 149.3% |
CTO Realty Growth Reports Q2 2026 Operating Results, Raises Investment Guidance
29 Jul 2026 · 29 Jul, 1:48 am
Summary
CTO Realty Growth announced its operating and financial results for the second quarter ended June 30, 2026, reporting Core FFO per diluted share of $0.53 and AFFO per diluted share of $0.55. The company demonstrated strong operational performance with a 10.1% increase in shopping center same-property NOI and executed 184,000 square feet of comparable retail leases at a 6% cash rent spread. Significant investment activity included deploying $153 million at a 10.2% weighted average initial yield. Management raised its full-year 2026 investment guidance to $300-$400 million and increased its Core FFO per diluted share guidance to $2.09-$2.13, reflecting confidence in continued earnings growth.
Key Highlights
- 1
CTO Realty Growth reported Core FFO per diluted share of $0.53 and AFFO per diluted share of $0.55 for the second quarter of 2026.
- 2
The company executed 184,000 square feet of comparable retail leases during the quarter, achieving a positive cash rent spread increase of 6%.
- 3
In the second quarter of 2026, CTO Realty Growth deployed $153 million of capital into investments at a weighted average initial yield of 10.2%.
- 4
Shopping center same-property NOI increased by 10.1% for the three months ended June 30, 2026, compared to the prior year period.
- 5
The company raised its 2026 investment guidance to a range of $300 million to $400 million, up from previous guidance of $175 million to $250 million.
- 6
2026 Core FFO per diluted share guidance was increased to $2.09 to $2.13, up from $2.06 to $2.11 previously.
Management Comments
John P. Albright
We delivered another strong quarter, deploying $153 million of capital at a weighted average initial yield of 10.2% and strong same-property NOI growth. We believe that the acquisition of Gallery on the Parkway in Dallas, together with our structured investment activity during the quarter, reflects our disciplined strategy of acquiring and financing high-quality, well-located retail centers predominantly in our core growth markets. With a robust acquisition pipeline and meaningful embedded NOI growth across the portfolio, we believe that the Company is well positioned to deliver continued earnings growth into 2027.
Informational and educational content only. Not investment advice.