Cto Realty Growth, Inc. ( (CTO) ) has released its Q1 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 publicly traded real estate investment trust that specializes in owning and operating retail-based properties in high-growth markets across the United States. The company has reported its first quarter 2025 operating results, highlighting strategic acquisitions and leasing activities.
In the first quarter of 2025, CTO Realty Growth, Inc. reported a net income of $0.01 per diluted share and core funds from operations of $0.46 per diluted share. The company acquired a significant property, Ashley Park, for $79.8 million, and signed comparable leases on 109,000 square feet with a 37.2% growth in cash rent. Additionally, the company’s liquidity stood at $138.4 million as of March 31, 2025.
Key financial metrics for the quarter included a same-property net operating income of $17.1 million, marking a 2.4% increase from the previous year. Despite a decrease in net income attributable to common stockholders compared to the prior year, the company maintained its dividend payouts and reaffirmed its full-year guidance for core FFO and AFFO. The acquisition of Ashley Park, a 559,000-square-foot lifestyle center, was a notable highlight, aligning with the company’s strategy to invest in high-yield properties.
CTO Realty Growth’s balance sheet reflects a net debt to pro forma adjusted EBITDA ratio of 6.6 times, with a fixed charge coverage ratio of 2.9 times. The company continues to focus on strategic investments and leasing activities to drive growth, with plans to invest between $100 million and $200 million in 2025 at attractive initial cash yields.
Looking forward, CTO Realty Growth remains committed to executing its growth strategy, with management expressing confidence in the company’s strong operating fundamentals and leasing pipeline. The reaffirmed guidance for 2025 suggests a stable outlook, with expected investments and continued focus on high-growth markets.