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CTO Realty Growth ( (CTO) ) just unveiled an update.
CTO Realty Growth reported solid first-quarter 2026 results on April 28, 2026, with net income attributable to common stockholders rising to $0.13 per diluted share and Core FFO and AFFO per diluted share increasing to $0.52 and $0.56, respectively. Shopping center same-property NOI climbed 6.8%, leased occupancy reached 95.4%, and the REIT executed 146,000 square feet of comparable leases at a 14% cash rent spread, underscoring leasing strength despite a large 2025 vacancy in Albuquerque.
During the quarter, CTO acquired the 399,000-square-foot Palms Crossing open-air retail center in McAllen, Texas, for $81.6 million and saw the $30 million Watters Creek preferred investment repaid, while subsequently investing $75 million of preferred equity in a premier Southwest retail property at a 12% cash yield. With liquidity of $124.3 million, net debt to pro forma adjusted EBITDA of 6.4x, and only one small 2026 loan maturity, the company raised its 2026 investment guidance to $175 million–$250 million and lifted its Core FFO and AFFO per-share outlook, signaling confidence in growth and portfolio performance.
The most recent analyst rating on (CTO) stock is a Buy with a $22.00 price target. To see the full list of analyst forecasts on CTO Realty Growth stock, see the CTO Stock Forecast page.
Spark’s Take on CTO Stock
According to Spark, TipRanks’ AI Analyst, CTO is a Neutral.
The score is driven primarily by improved balance-sheet risk and a constructive 2026 operating/guidance backdrop, reinforced by an uptrend in price. The main constraints are inconsistent profitability (including negative EBITDA margin in 2025) and uneven free cash flow, with valuation support coming more from the high dividend yield than earnings-based metrics.
To see Spark’s full report on CTO stock, click here.
More about CTO Realty Growth
CTO Realty Growth, Inc. is a publicly traded real estate investment company that owns and operates shopping centers, focusing on open-air retail properties in higher‑growth U.S. markets. Its portfolio is anchored by national retailers, and the company also uses preferred equity and structured investments to gain exposure to Class A retail assets while managing balance sheet flexibility.
Average Trading Volume: 246,645
Technical Sentiment Signal: Buy
Current Market Cap: $640.4M
For an in-depth examination of CTO stock, go to TipRanks’ Overview page.