CTO Realty Growth (CTO)
NYSE:CTO
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.1Last Year’s EPS
-0.77Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was largely positive: leasing momentum, solid same-store NOI growth, accretive acquisition activity, attractive structured investment yields, and raised full-year guidance drove strong operational and financial progress. Challenges are present but largely manageable, including timing of certain lease commencements (notably a large Albuquerque vacancy), one center with sub-90% occupancy (Carolina Pavilion), some dependency on later-year recognition from the Signed-Not-Open pipeline, and increased allocation to structured investments which raises concentration risk. On balance, the positives materially outweigh the challenges.Company Guidance
Strong Leasing Activity and Rent Growth
Executed leases, renewals and extensions totaling 153,000 sq ft (146,000 sq ft comparable) with an average cash rent increase of 14%.
High Portfolio Occupancy
Portfolio leased 95.4% at quarter end, with Signed-Not-Open pipeline of $6.2 million of annual cash base rent (~5.5% of in-place annual cash base rent).
Same-Property NOI Growth
Same-property NOI for shopping centers increased 6.8% year-over-year; excluding nonrecurring recovery benefits, shopping center same-property NOI rose 4.2%.
FFO and AFFO Improvement
Core FFO for Q1 was $16.9M, up $2.5M from $14.4M (diluted $0.52 vs $0.46). AFFO was $18.2M, up $2.7M from $15.5M (diluted $0.56 vs $0.49).
Accretive Acquisition
Acquired Palms Crossing (McAllen, TX) for $81.6M — 399,000 sq ft, ~98% leased, anchored by Best Buy, Hobby Lobby, Burlington, Barnes & Noble and Nike; Texas is now the third-largest state by ABR; GA/FL/NC/TX = 85% of ABR.
Structured Investment Activity with Attractive Yields
Received $30M repayment and completed a $75M preferred equity investment yielding 12% (2-year term); structured investment portfolio increased to $158M subsequent to quarter end with weighted average yield of 11.6%.
Raised Full-Year Guidance
Increased 2026 guidance: core FFO to $2.06–$2.11 per diluted share and AFFO to $2.19–$2.24 per diluted share, ranges that imply ~12% growth at the midpoint.
Balance Sheet and Liquidity
Total debt $651.8M with weighted average interest rate 4.6%; liquidity approximately $125M; net debt to pro forma adjusted EBITDA leverage 6.4% (consistent with end of 2025).
Capital Recycling and Asset Management
Madison Yards (99% leased) is under contract with nonrefundable deposit and expected to close in May, enabling capital recycling and reducing AMC exposure; six outparcels expected to generate low double-digit unlevered yields on ~$30M invested (benefit mainly in 2027–2028).
Equity Issuance to Fund Growth
Issued ~733,900 common shares via ATM at an average $19.59 per share for net proceeds of $14.2M to fund investments and maintain leverage.
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 |
|---|---|---|---|
Apr 28, 2026 | $19.70 | $20.43 | +3.71% |
Feb 19, 2026 | $18.81 | $19.52 | +3.75% |
Oct 28, 2025 | $15.64 | $15.84 | +1.28% |
Jul 29, 2025 | $16.47 | $15.35 | -6.78% |
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 Jul 23, 2026, After Close (Confirmed).
What is CTO Realty Growth (CTO) earnings time?
CTO Realty Growth (CTO) earnings time is at Jul 23, 2026, 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 2026 (Q2) is 0.1.