Companies /Real Estate
CTO Realty Growth Inc - New - New
NYSE: CTO Reit - Diversified
$19.58
▼ $0.69 (−3.40%) today
Markets closed · 11:19pm ET

CTO Realty Growth (CTO) 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

How Did CTO Stock React to Q1 2026 Earnings?

% change · around the report
0+2%+4%Apr 28Apr 29report 4:10pm ETearnings−0.5%+3.7%
0+2%+4%Apr 28Apr 29earnings−0.5%+3.7%
CTO +3.7%S&P 500 −0.5%
0+2%+4%Apr 28Apr 29report 4:10pm ETearnings−0.2%+3.7%
0+2%+4%Apr 28Apr 29earnings−0.2%+3.7%
CTO +3.7%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

Yes. CTO Realty Growth reported Q1 2026 earnings of $0.52 a share on Apr 28, 2026, beating the $0.03 consensus estimate by 1,980.0%. Revenue was $41.2M against a $38.9M estimate.

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

What Is CTO Realty Growth's 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

When Does CTO Realty Growth Report Next?

Expected report date
After the close
Release timing

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