CTO Realty Growth Q2 core FFO rises; lifts 2026 outlook

CTO Realty Growth

28/07/2026 21:27

Overview
U.S. shopping center REIT's Q2 Core FFO per share rose yr/yr to $0.53
Net income per share was $0.38, reversing a loss in prior-year quarter
Company raised 2026 investment and Core FFO per share guidance

Outlook
CTO Realty Growth raises 2026 investment guidance to $300 mln to $400 mln
Company increases 2026 core FFO per diluted share guidance to $2.09 to $2.13
Company expects 2026 same-property NOI growth for shopping centers of 5% to 6%

Result Drivers
INVESTMENT ACTIVITY - Co completed $153 mln of investments at a weighted average initial yield of 10.2%, including acquisitions and preferred equity investments
LEASING GAINS - Co executed 184,000 sq ft of comparable retail leases at a positive cash rent spread of 6%
SAME-PROPERTY NOI GROWTH - Shopping center same-property NOI increased 10.1% yr/yr in Q2

Company press release: ID:nGNX2xZkR0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.38
 
Q2 Net Income
 
$13.23 mln
 
Q2 Core FFO
 
$18.44 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for CTO Realty Growth Inc is $23.00, about 4.4% above its July 27 closing price of $22.03
The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 134 three months ago

Reuters Recommended Reads
July 27 - Brixmor Q2 revenue slightly beats estimates, raises 2026 outlook
July 27 - Sun Communities Q2 core FFO rises, lifts NOI outlook
July 28 - Sika raises annual sales-growth outlook after strong first-half performance

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)