CTO Realty Growth swings to net income in Q4, occupancy hits record in 2025

CTO Realty Growth

19/02/2026 21:34

Overview

Shopping center operator swings to net income in Q4 from a loss a year ago

Core FFO and AFFO per share for Q4 showed growth

At year-end, the company achieved record leased occupancy and substantial leasing activity

Outlook

CTO Realty Growth expects 2026 Core FFO per share between $1.98 and $2.03

Company forecasts 2026 AFFO per share between $2.11 and $2.16

CTO Realty Growth anticipates 2026 investment volume of $100 mln to $200 mln

Result Drivers

RECORD LEASING ACTIVITY - CTO executed 167,000 sq ft of comparable retail leases at a 31% cash rent spread increase in Q4, contributing to a record 592,000 sq ft for the year

HIGH OCCUPANCY - Leased occupancy reached a record high of 95.9% at year-end, up 250 basis points from the previous year

INVESTMENT ACTIVITY - Acquired Pompano Citi Centre for $65.2 mln and sold Shops at Legacy North for $78 mln in Q4

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
$26.46 mln
Q4 Core FFO
$15.76 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 $21.00, about 10.6% above its February 18 closing price of $18.99

Press Release: ID:nGNX68P04m

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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.)