CTO Realty Growth Reports Strong 2024 Financial Results

Cto Realty Growth, Inc. ( (CTO) ) has released its Q4 earnings. Here is a breakdown of the information Cto Realty Growth, Inc. presented to its investors.

CTO Realty Growth, Inc. is a publicly traded real estate investment trust specializing in owning and operating retail-based properties primarily located in high-growth markets across the United States.

CTO Realty Growth, Inc. reported its fourth quarter and full-year 2024 financial results, highlighting significant investments totaling $330.8 million and a record high Core Funds from Operations (FFO) of $1.88 per share. The company also raised $165.2 million in net proceeds under its common ATM program, ending the year with substantial liquidity to support future growth.

For the fourth quarter, CTO Realty Growth experienced a net loss per diluted share of $0.56 but reported Core FFO of $0.46 per share and Adjusted FFO (AFFO) of $0.49 per share. Over the full year, the company achieved a net loss of $0.35 per diluted share while maintaining strong Core FFO and AFFO per share growth. Notably, same-property net operating income increased by 4.0%, and the company signed 70 leases with a notable 23.0% increase in average cash base rent for comparable leases.

Despite the net losses, CTO Realty Growth’s strategic investments and leasing activities have bolstered its portfolio, with significant investments in retail properties and structured investments yielding a 9.3% cash yield. The company also executed capital market activities, issuing common and preferred stocks to strengthen its financial position.

Looking ahead, CTO Realty Growth maintains a positive outlook for 2025 with a focus on continued investment and lease portfolio growth. The company anticipates Core FFO per share in the range of $1.80 to $1.86 and plans strategic investments between $100 million and $200 million, underscoring its commitment to sustainable growth in the coming year.