Core Insights - CTO Realty Growth, Inc. reported strong operational and financial results for Q1 2025, including the acquisition of a significant property and positive leasing activity [1][3][6] Financial Performance - Net income attributable to the company decreased to $2.261 million for Q1 2025, down 61.3% from $5.842 million in Q1 2024 [4][10] - Core Funds from Operations (FFO) attributable to common stockholders increased by 34.5% to $14.445 million, while Adjusted Funds from Operations (AFFO) rose by 33.3% to $15.521 million [4][5] - Same-Property Net Operating Income (NOI) totaled $17.1 million, reflecting a 2.4% increase from the prior year [5][10] Leasing Activity - The company signed 18 leases totaling 112,585 square feet, with a comparable cash rent growth of 37.2%, increasing from an average of $17.47 to $23.97 per square foot [11][12] - The current signed-not-open pipeline represents $4.0 million, or 4.0%, of annual cash base rent as of March 31, 2025 [5] Property Acquisition - CTO acquired Ashley Park, a 559,000-square-foot lifestyle center in Atlanta, Georgia, for $79.8 million, achieving a going-in cap rate at the high end of the company's guidance [3][6] Portfolio Overview - As of March 31, 2025, the company's portfolio consisted of 24 properties with a total of 5,246 thousand square feet and a weighted average remaining lease term of 4.9 years [7] - The portfolio's leased occupancy rate was reported at 93.8% [7] Capital Structure and Liquidity - The company had liquidity of $138.4 million as of March 31, 2025, with $130.0 million of undrawn commitments on its Revolving Credit Facility [5][13] - Total long-term debt amounted to $603.8 million, with a weighted average interest rate of 4.35% [14][15] 2025 Outlook - The company reaffirmed its Core FFO and AFFO guidance for 2025, projecting Core FFO per common share to be between $1.80 and $1.86, and AFFO per common share to be between $1.93 and $1.98 [20][21]

Group 1 - The investment approach has received over 500 five-star reviews from members who are experiencing benefits [1] - The company invests more than $100,000 annually and dedicates thousands of hours to research profitable real estate investment opportunities [1] Group 2 - Jussi Askola leads the High Yield Landlord investing group, providing real-time updates on his REIT portfolio and transactions [2] - The group offers features such as three distinct portfolios (core, retirement, international), buy/sell alerts, and a chat room for direct interaction with analysts [2] - Jussi Askola is the President of Leonberg Capital, a value-oriented investment firm that advises hedge funds and private equity on REIT investments [2]

Core Insights - Pearl Gray is a proprietary investment fund and independent market research firm specializing in systematic analysis, focusing primarily on Bonds, Investment Funds, and REITs, with a primary sector emphasis on Financials and Real Estate [1] Group 1 - The mission of Pearl Gray is to discover actionable total return ideas at the intersection of rigorous academic theories, practical experience, and common sense [1] - The firm emphasizes that its published content is independent analysis and does not constitute financial advice [1][2] - Analysts at Pearl Gray disclose that they have no stock, option, or similar derivative positions in any of the companies mentioned, nor do they plan to initiate any such positions within the next 72 hours [1] Group 2 - The content provided by Pearl Gray on platforms like Seeking Alpha is intended to set the tone for discussions among subscribers rather than serve as financial advice [2] - Seeking Alpha clarifies that past performance is not indicative of future results and that no recommendations are made regarding the suitability of investments for particular investors [3] - The analysts contributing to Seeking Alpha may include both professional and individual investors who may not be licensed or certified by any regulatory body [3]

Group 1 - The stock of CTO Realty Growth, Inc. (CTO) is experiencing significant attention due to high implied volatility in the options market, particularly for the May 16, 2025 $2.50 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - Analysts currently rate CTO Realty Growth as a Zacks Rank 3 (Hold), with no upward revisions in earnings estimates over the last 60 days, leading to a decrease in the Zacks Consensus Estimate from 51 cents to 50 cents per share [3] Group 2 - The high implied volatility for CTO Realty Growth may indicate a trading opportunity, as options traders often seek to sell premium on options with such volatility, aiming to benefit from time decay [4]

WINTER PARK, Fla., April 03, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) announced today that the Company entered into privately negotiated exchange agreements with certain holders of its 3.875% Convertible Senior Notes due April 15, 2025 (the “Notes”). Prior to the exchange agreements, the Notes had an aggregate principal amount of $51.0 million, representing approximately 3.8 million underlying shares based on the current conversion ratio of 73.8112 shares of CTO ...

Core Viewpoint - CTO Realty Growth will report its financial and operating results for Q1 2025 on May 1, 2025, after market close, with a conference call scheduled for May 2, 2025, at 9:00 AM ET [1]. Group 1 - The company operates high-quality, open-air shopping centers in the Southeast and Southwest markets of the United States [3]. - CTO Realty Growth also manages and holds a significant interest in Alpine Income Property Trust, Inc. [3]. Group 2 - A live webcast of the conference call will be available on the company's Investor Relations page [2]. - Participants are encouraged to register and join the call at least fifteen minutes prior to the start time [2].

Core Viewpoint - CTO Realty Growth, Inc. experienced a 7% stock drop despite strong earnings due to a miss in AFFO/share guidance for 2025, which is expected to be between $1.93 and $1.98, falling short of consensus estimates of $2.01 [1][4][6] Financial Performance - The company reported a core FFO per diluted share guidance range of $1.80 to $1.86 and an AFFO per diluted share guidance of $1.93 to $1.98 for 2025 [5][6] - The 2025 guidance reflects a 6 cent miss at the midpoint, indicating negative growth [6] Leasing Activity - CTO has signed 70 new leases in 2024, covering 452,301 square feet, with new leases at 75% higher rent than expiring leases [14][16] - The company has $5.2 million in annual base rent from signed but not yet opened leases, contributing 16 cents per share in AFFO accretion expected to impact earnings primarily in 2026 [12][13] Tenant Bankruptcies - The company is proactively regaining spaces from bankrupt tenants, with potential re-leasing spreads estimated between 40% and 60% [21][23] - The former leases of bankrupt tenants represented about $2.8 million in annual base rent, equating to approximately 9 cents per share in lost revenue for 2025 [21][23] Market Dynamics - CTO's properties are located in high-growth Sunbelt markets, which have seen virtually no new net supply of shopping centers since 2009, leading to higher occupancy and rental rates [29][30] - The average catchment area for CTO's shopping centers has 203,000 people with an average household income of $143,000, making them attractive to retailers [30] Future Outlook - The stabilized run-rate AFFO/share is projected at $2.24, exceeding the 2026 consensus estimate of $2.11, driven by strong leasing activity and market conditions [25] - The market price of $18.85 is considered undervalued given the expected growth in AFFO as lease commencements occur [31]

Group 1 - The focus is on growth and dividend income as a strategy for retirement planning [1] - The portfolio is structured to generate monthly dividend income that grows through reinvestment and annual increases [1] Group 2 - The article expresses personal opinions and is not intended as investment advice [2][3] - It emphasizes the importance of conducting individual research before making investment decisions [2]

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The current market uncertainty has led to a decline in the valuation of previously high-performing stocks, highlighting the risks of investing solely for capital gains [2] - The investment strategy emphasizes defensive stocks with a medium- to long-term horizon, which may offer more stability in volatile markets [2] Group 2 - The article does not provide specific financial advice or recommendations, encouraging readers to conduct their own due diligence before making investment decisions [4][5]

Group 1: Acquisition Details - CTO Realty Growth, Inc. announced the acquisition of Ashley Park in Atlanta, GA, for $79.8 million, enhancing its presence in its largest market [1] - The lifestyle center spans 559,000 square feet and is located on 60 acres in the Newnan submarket, benefiting from a prime location along I-85, attracting over 6 million annual visits with 93% occupancy [2] Group 2: Strategic Importance - Approximately 82% of CTO's annual base rent is derived from assets in Georgia, Florida, Texas, or North Carolina, with Dick's Sporting Goods becoming the company's fifth largest tenant following this acquisition [3] - The acquisition expands CTO Realty's portfolio by 12%, increasing the total to 5.2 million square feet, and was purchased below replacement value with below-market rents, allowing for potential long-term value enhancement [4] Group 3: Financial Performance - CTO Realty completed $330.8 million of investments in 2024 at a weighted average initial cash yield of 9.3% [5] - The company signed 70 leases totaling 452,301 square feet in 2024, with an average cash base rent of $23.36 per square foot, reflecting a 23% increase from the previous average of $18.99 per square foot [6] Group 4: Market Context - Broader market concerns include potential shifts in trade policies that could worsen inflation and restrain consumer spending, which may lead the Federal Reserve to maintain high interest rates, adversely affecting interest-sensitive retail REITs [7] - Shares of CTO Realty have declined 2% over the past six months, slightly better than the real estate market's decline of 2.2% [7]