Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
CTO Realty Growth (CTO)
NYSE:CTO
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -5.94%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in core FFO, portfolio expansion, and strong leasing activity, demonstrating effective execution of strategic goals. However, challenges such as retailer bankruptcies and the cost of settling convertible notes present headwinds. Overall, the positive aspects significantly outweigh the challenges.Company Guidance
During the earnings call for CTO Realty Growth, Inc.'s fourth quarter and full year 2024, the company provided detailed guidance and metrics for 2025. They established a core FFO range of $1.80 to $1.86 per share and an AFFO range of $1.93 to $1.98 per share. The company achieved a record core FFO of $1.88 per share for 2024, marking a 6% growth from 2023. Their portfolio expanded by 26%, adding one million square feet, bringing the total to 4.7 million square feet. CTO Realty completed $227 million in retail property acquisitions and $104 million in structured investments, achieving a weighted average yield of 9.3%. They ended 2024 with a total enterprise value of $1.3 billion, a 33% increase, and over $200 million in liquidity. For 2025, they are planning to manage a lease expiration that could see rents increase by approximately 10%, and they anticipate a robust acquisition pipeline without expected dispositions, leveraging their strengthened balance sheet. They also highlighted a $0.10 per share impact from spaces vacated due to retailer bankruptcies, which they plan to re-lease by 2026, potentially achieving rent spreads between 40% and 60%.Record Core FFO Growth
Core FFO for 2024 was $1.88 per share, a record high for CTO Realty Growth, representing a growth of 6% from 2023.
Significant Portfolio Expansion
The portfolio grew by one million square feet or 26% to 4.7 million square feet, with a total enterprise value increase of 33% to approximately $1.3 billion.
Strong Leasing Activity
Signed more than 450,000 square feet at an average rent of $24.07 per square foot with a positive cash lease spread of 23%.
Robust Investment Activity
Achieved a weighted average yield of 9.3% with $227 million in retail property acquisitions and $104 million in structured investments.
Reduced Leverage and Improved Liquidity
Net debt to EBITDA improved, ending the year at 6.3 times, with over $200 million of liquidity available.
---
CTO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CTO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $20.21 | $19.01 | -5.94% |
| Oct 24, 2024 | $19.35 | $19.20 | -0.78% |
| Jul 25, 2024 | $18.25 | $18.86 | +3.34% |
| May 02, 2024 | $16.44 | $16.02 | -2.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does CTO Realty Growth (CTO) report earnings?
CTO Realty Growth (CTO) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is CTO Realty Growth (CTO) earnings time?
CTO Realty Growth (CTO) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTO EPS forecast?
CTO EPS forecast for the fiscal quarter 2025 (Q1) is <0.01.
---