Companies /Real Estate

CTO Realty Growth Inc - New - New

NYSE: CTO Reit - Diversified
$20.83
▼ $0.19 (−0.89%) today
Markets closed · 7:10am ET

Q1 2026 Earnings

Reported Apr 28, 2026, 4:10pm ET · SEC source
$0.52
Beat +1,980.00%
EPS · est. $0.03
$41.2M
Beat +5.86%
Revenue · est. $38.9M
−2.0%
Trailing market
CTO vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%Apr 28Apr 29report 4:10pm ETearnings−0.5%+3.4%
0+2%Apr 28Apr 29earnings−0.5%+3.4%
CTO +3.4%S&P 500 −0.5%
0+2%Apr 28Apr 29report 4:10pm ETearnings−0.2%+3.4%
0+2%Apr 28Apr 29earnings−0.2%+3.4%
CTO +3.4%NASDAQ −0.2%
0+2%+4%Apr 27May 6report 4:10pm ETearnings+3.1%+4.1%
0+2%+4%Apr 27May 6earnings+3.1%+4.1%
CTO +4.1%S&P 500 +3.1%
0+2%+4%+6%Apr 27May 6report 4:10pm ETearnings+5.7%+4.1%
0+2%+4%+6%Apr 27May 6earnings+5.7%+4.1%
CTO +4.1%NASDAQ +5.7%
+0.66%
Day of report
+3.71%
Next session
+4.47%
One week
+4.31%
30 days

S&P 500 over the same 30 days: +6.29%.

Did CTO Beat Earnings? Q1 2026 Results

CTO Realty Growth, Inc. delivered a strong first quarter of 2026, posting Core FFO of $0.52 per diluted share on total revenues of $41.17 million, both reflecting meaningful year-over-year improvement from $0.46 per diluted share and $35.81 million in Q1 2025. The primary engine behind the revenue gain was income properties, which climbed to $36.58 million from $31.67 million, as the company's acquisition activity translated directly into higher cash flows. The marquee deal of the quarter, an $81.60 million purchase of Palms Crossing, a 98%-leased, 399,000-square-foot open-air retail center in McAllen, Texas, exemplified the strategy, adding a high-occupancy, anchor-rich asset in a market served by over 2.3 million people. GAAP net income attributable to common stockholders rose sharply to $4.33 million, compared with $383,000 a year ago. Encouraged by its momentum, CTO raised full-year Core FFO guidance to $2.06 to $2.11 per diluted share and lifted investment volume guidance to $175 million to $250 million, pointing to continued external growth through the remainder of the year.

Key Takeaways
  • Shopping center same-property NOI growth of 6.8% (4.2% excluding non-recurring recovery benefits)
  • 146,000 square feet of comparable retail leases executed at 14% positive cash rent spread
  • Total portfolio leased occupancy of 95.4%, up 160 basis points year-over-year
  • $6.2 million signed-not-open pipeline representing 5.5% of in-place cash ABR with 450 bps leased-to-occupied spread
  • Acquisition of Palms Crossing contributing to income properties revenue growth
  • Investment and other income increased to $3.2 million from $0.6 million in Q1 2025

“We're off to a strong start in 2026 on all fronts, with robust leasing, strong same-center NOI growth, and an acquisition of a high-quality open-air retail center in Texas, one of our core markets.”

CTO Realty Growth CEO, on the earnings call

Forward Guidance & Outlook

CTO raised its full-year 2026 guidance: Core FFO per diluted share is now expected at $2.06 to $2.11 (previously $1.98 to $2.03), representing approximately 11.5% growth at the guidance midpoint versus 2025. AFFO per diluted share is expected at $2.19 to $2.24 (previously $2.11 to $2.16), representing 12.4% growth at the midpoint. Investment volume guidance was raised to $175 million to $250 million (from $100 million to $200 million). Same-property NOI growth for shopping centers is maintained at 3.5% to 4.5%. General and administrative expenses are expected at $19.7 million to $20.2 million. Full-year net income attributable to common stockholders per diluted share is estimated at $0.53 to $0.59.

CTO YoY Financials

Revenue$41.2M
Operating Income$10.3M
Net Income$6.2M

CTO Revenue by Segment

Income Properties$36.6M+15.5%
Commercial Loans and Investments$3.2M+9.6%
Interest Income From Commercial Loans and Investments
Management Fee Income (Alpine Income Property Trust)$1.3M
Management Fee Income

CTO Revenue by Geography

Georgia
Atlanta, GA
Florida
Texas
North Carolina
Dallas, TX
Virginia
Richmond, VA

Figures from SEC filings and company reports. Not investment advice.