Cto Realty Growth, Inc. ( (CTO) ) has released its Q2 earnings. Here is a breakdown of the information Cto Realty Growth, Inc. presented to its investors.
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CTO Realty Growth, Inc. is a real estate investment trust that owns and operates retail-based properties primarily in high-growth markets across the United States. The company also manages and holds a significant interest in Alpine Income Property Trust, Inc., a net lease REIT.
In its second quarter of 2025, CTO Realty Growth reported a net loss attributable to common stockholders of $(0.77) per diluted share, while achieving a core funds from operations (FFO) of $0.45 per diluted share. The company signed 190,000 square feet of comparable leases with a 21.6% increase in cash rent spread and maintained a leased occupancy rate of 93.9%.
Key financial metrics for the quarter included a net income loss of $23.4 million, a 41.6% increase in core FFO to $14.7 million, and an adjusted FFO of $15.3 million. The company fully retired its convertible senior notes and reaffirmed its full-year guidance for core FFO and AFFO. Leasing activity was robust, with 22 leases signed, totaling 226,732 square feet, and a significant portion of vacant anchor spaces now leased.
Looking ahead, CTO Realty Growth remains optimistic about its leasing activities, which are expected to provide earnings tailwinds into 2026. The company has reaffirmed its 2025 outlook, projecting core FFO per share between $1.80 and $1.86 and AFFO per share between $1.93 and $1.98.