The earnings call highlighted strong leasing momentum and successful negotiation of anchor spaces, driving future earnings potential. However, challenges such as anchor tenant vacancies, temporary occupancy declines, and debt extinguishment costs were noted. The improvements in core FFO and debt management are positive indicators, but the balance of highlights and lowlights suggests a measured outlook.

Company Guidance

In the second quarter of 2025, CTO Realty Growth reported robust leasing activity, signing approximately 227,000 square feet of new leases, renewals, and extensions at an average cash base rent of $25.43 per square foot, achieving a 22% cash rent spread on 190,000 square feet of comparable leases. Year-to-date, the company completed 339,000 square feet of leasing, with a 27% cash rent spread on 299,000 square feet of comparable leases. The company's property portfolio was 93.9% leased and 90.2% occupied at the quarter's end. The signed not open pipeline stands at $4.6 million, representing 4.6% of in-place cash rents. On the investment front, the company ended the quarter with $606.8 million of debt, with a net debt to EBITDA ratio of 6.9x, and maintained liquidity of approximately $85 million. For the full year 2025, CTO Realty Growth reaffirmed guidance for core FFO of $1.80 to $1.86 per share and AFFO of $1.93 to $1.98 per share.

Strong Leasing Momentum

Signed approximately 227,000 square feet of new leases, renewals, and extensions at an average cash base rent of $25.43 per square foot, including 190,000 square feet of comparable leases at a 22% cash rent spread.

Positive Anchor Space Developments

Full control of 10 anchor spaces with new leases executed for 5, including Burlington and Bob's Discount Furniture, anticipating a positive cash leasing spread of 40% to 60%.

Robust Signed Not Open Pipeline

Signed not open pipeline stands at $4.6 million, representing 4.6% of in-place cash rents, providing earnings tailwinds into 2026.

Carolina Pavilion Leasing Success

Leased 2 of 4 anchor spaces at Carolina Pavilion and in active negotiations for the remaining. Expect to achieve an unlevered double-digit yield.

Improved Debt Management

Settled 3.875% convertible notes with a balance of approximately $51 million, ending the quarter with $606.8 million of debt and net debt to EBITDA improved from 7.5x to 6.9x year-over-year.

Increased Core FFO

Core FFO was $14.7 million for the quarter, a $4.3 million increase compared to $10.3 million in the prior year.

CTO Realty Growth (CTO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CTO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	0.00 / -	0.17	―	―	―
Jul 29, 2025	2025 (Q2)	-0.03 / -0.77	-0.03	-2466.67% (-0.74)
May 01, 2025	2025 (Q1)	>-0.01 / 0.01	0.2	-95.00% (-0.19)
Feb 20, 2025	2024 (Q4)	<0.01 / -0.56	0.25	-324.00% (-0.81)
Oct 24, 2024	2024 (Q3)	-0.02 / 0.17	0.07	142.86% (+0.10)
Jul 25, 2024	2024 (Q2)	-0.05 / -0.03	0.03	-200.00% (-0.06)
May 02, 2024	2024 (Q1)	-0.05 / 0.20	-0.32	162.50% (+0.52)
Feb 22, 2024	2023 (Q4)	-0.13 / 0.25	-0.21	219.05% (+0.46)
Oct 26, 2023	2023 (Q3)	-0.17 / 0.07	0.19	-63.16% (-0.12)
Jul 27, 2023	2023 (Q2)	-0.20 / 0.03	0	―

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
Jul 29, 2025	$17.55	$16.36	-6.78%
May 01, 2025	$17.73	$17.77	+0.23%
Feb 20, 2025	$19.40	$18.25	-5.93%
Oct 24, 2024	$18.58	$18.43	-0.81%

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 Oct 23, 2025, After Close (Confirmed).

What is CTO Realty Growth (CTO) earnings time?

CTO Realty Growth (CTO) earnings time is at Oct 23, 2025, After Close (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 (Q3) is 0.

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