Strong Leasing Activity
Year-to-date through September 30, CTO Realty Growth completed 482,000 square feet of overall leasing activity, with a weighted average base rent spread of 21.7%.
Significant Lease at Shops at Legacy
CTO Realty Growth signed a 30,000 square foot lease with a co-working operator at the Shops at Legacy, expected to open by year-end 2026, substantially filling space formerly leased to WeWork.
Financial Performance and Guidance Raised
Core FFO increased to $15.6 million for the quarter, up from $12.6 million in the prior year. Full-year 2025 core FFO guidance has been raised to $1.84 to $1.87 per share.
Debt Management
Closed $150 million in term loan financings, reducing maturing debt and enhancing liquidity with $170 million available at quarter end.