CTO Realty Growth (CTO) Q4 2025 Earnings
How Did CTO Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −5.26%.
Did CTO Beat Earnings? Q4 2025 Results
Yes. CTO Realty Growth reported Q4 2025 earnings of $0.82 a share on Feb 19, 2026, beating the $0.02 consensus estimate by 4,810.2%. Revenue was $38.3M against a $37.9M estimate.
CTO Realty Growth posted a standout fourth quarter, with GAAP EPS of $0.82 clearing the $0.01 consensus estimate by 5,366.67% as the company swung to a $26.46 million net profit from a $17.09 million loss a year earlier. Revenue of $38.34 million edged past the $37.91 million estimate by 1.12% and grew 7.3% year-over-year, though the headline profit figure was powered significantly by a $20.08 million gain on the $78.00 million disposition of the Shops at Legacy North in Dallas. Operationally, the story was equally compelling: leased occupancy hit a record 95.9%, up 250 basis points year-over-year, and the company executed a record 671,000 square feet of leasing in 2025 with comparable cash rent spreads of 24% for the full year, surging to 31% in Q4 alone. Insider stock purchases by executives around the reporting period have reinforced confidence in the platform's trajectory. Looking to 2026, management guided Core FFO per share of $1.98 to $2.03, reflecting approximately 7.2% growth at the midpoint, underpinned by expected investment volume of $100.00 million to $200.00 million and same-property NOI growth of 3.5% to 4.5%.
- Shopping center same-property NOI growth of 4.3% in Q4 and 4.4% for the full year
- Record leasing activity of 671,000 square feet in 2025 with 24% comparable cash rent spreads
- Leased occupancy reaching record high of 95.9%, up 250 basis points year-over-year
- Signed-not-open pipeline of $6.1 million representing 5.8% of in-place ABR
- $20.1 million gain on disposition of Shops at Legacy North
- $5.9 million unrealized gain on Alpine Income Property Trust investment securities
“We continued our momentum in 2025, ending the year with a signed-not-open pipeline of $6.1 million, representing 5.8% of in-place ABR and positioning the Company for growth in 2026 and 2027.”
CTO Realty Growth CEO, on the earnings call
What Was CTO Realty Growth's Outlook in Q4 2025?
CTO provided 2026 guidance with Core FFO per diluted share of $1.98 to $2.03 (approximately 7.2% growth at the midpoint versus 2025) and AFFO per diluted share of $2.11 to $2.16 (approximately 8.4% growth at the midpoint versus 2025). Key assumptions include investment volume of $100 million to $200 million at a weighted average initial cash yield of 8.0%-8.5%, same-property NOI growth for shopping centers of 3.5%-4.5%, and general and administrative expenses of $19.5 million to $20.0 million. The company's 2026 guidance for Net Income Attributable to the Company per diluted share is $0.26 to $0.32.
CTO YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $38.3M | $35.7M | +7.3% |
| Gross Profit | $28.8M | $26.6M | +8.2% |
| Operating Income | $28.8M | $4.8M | +494.3% |
| Net Income | $28.3M | $7.3M | +286.2% |
CTO Revenue by Segment
CTO Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.