The earnings call reflected strong leasing momentum and strategic progress in managing anchor spaces and potential acquisitions, contributing to positive future earnings. However, there were challenges related to temporary occupancy declines and debt settlement impacts. Overall, the positive aspects of leasing and strategic planning outweigh the temporary setbacks.

Company Guidance -

Q3 2025

During the CTO Realty Growth Second Quarter 2025 Earnings Conference Call, the company highlighted several key metrics and guidance for the future. CTO signed 227,000 square feet of new leases, renewals, and extensions at an average cash base rent of $25.43 per square foot, with a 22% cash rent spread on 190,000 square feet of comparable leases. Year-to-date, they have completed 339,000 square feet of leasing, achieving a 27% cash rent spread on 299,000 square feet. A significant focus was on 10 anchor spaces with a goal to achieve a 40% to 60% positive cash leasing spread, with 6 of these spaces already resolved. Their property portfolio was 93.9% leased and 90.2% occupied. CTO's signed not open pipeline stood at $4.6 million, representing 4.6% of in-place cash rents. On the financial front, CTO completed the retirement of $51 million in convertible notes, resulting in an extinguishment of debt charge of $20.4 million, excluded from core FFO and AFFO calculations. The company ended the quarter with net debt to EBITDA at 6.9x, and liquidity of $85 million. CTO reaffirmed their full-year 2025 guidance, projecting core FFO of $1.80 to $1.86 per share and AFFO of $1.93 to $1.98 per share, with earnings from their leasing pipeline expected to become more noticeable by the fourth quarter.

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, with a 22% cash rent spread. Year-to-date leasing reached 339,000 square feet with a 27% cash rent spread.

Significant Progress in Anchor Spaces

Resolved 6 out of 10 anchor spaces with new leases, including Burlington, Boot Barns, Bassett Furniture, Slick City Action Park, and Bob's Discount Furniture, aiming for a positive cash leasing spread of 40% to 60%.

Investment Pipeline and Opportunities

Currently considering acquisitions with one shopping center targeted in a core market, with potential value-add attributes.

Property Portfolio and Occupancy

Property portfolio consisting of 5.3 million square feet was 93.9% leased and 90.2% occupied at the end of the quarter.

Improved Balance Sheet Metrics

Net debt to EBITDA improved to 6.9x from 7.5x a year ago, despite a slight increase from 6.3x at the beginning of the year.

Core FFO Growth

Core FFO increased by $4.3 million compared to the same quarter of the prior year, reaching $14.7 million.

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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