Financial Performance - Net income attributable to common stockholders was $0.01 per diluted share, a decrease of 95.0% compared to the prior year[5][6] - Core Funds from Operations (FFO) attributable to common stockholders increased by 34.5% to $14.4 million, or $0.46 per diluted share[5][6] - Adjusted Funds from Operations (AFFO) attributable to common stockholders rose by 33.3% to $15.5 million, or $0.49 per diluted share[5][6] - Same-Property Net Operating Income (NOI) totaled $17.1 million, reflecting a 2.4% increase from the prior year[5][9] - Total revenues for the three months ended March 31, 2025, were $35,811,000, an increase of 27.3% compared to $28,127,000 for the same period in 2024[41] - Same-Property NOI for the three months ended March 31, 2025, was $17,136,000, up 2.4% from $16,727,000 for the same period in 2024[43] - Net income attributable to the Company for the three months ended March 31, 2025, was $2,261,000, a decrease of 61.3% compared to $5,842,000 for the same period in 2024[41] - The Company reported a basic net income attributable to common stockholders of $0.01 per share for the three months ended March 31, 2025, down from $0.21 per share for the same period in 2024[41] - Funds from operations (FFO) attributable to common stockholders increased to $14,894,000, up 38.5% from $10,797,000 year-over-year[46] - Core funds from operations attributable to common stockholders were $14,445,000, compared to $10,737,000 in the prior year, representing a 34.3% increase[46] Debt and Liquidity - As of March 31, 2025, the company had liquidity of $138.4 million, including $8.4 million in cash and $130.0 million of undrawn commitments on its Revolving Credit Facility[5][12] - The company's net debt to Pro Forma Adjusted EBITDA was 6.6 times, and the fixed charge coverage ratio was 2.9 times[12][13] - The total long-term debt as of March 31, 2025, was $603.8 million, with a weighted average interest rate of 4.35%[12][13] - Long-term debt increased to $602,216,000 as of March 31, 2025, compared to $518,993,000 as of December 31, 2024, reflecting a 15.9% increase[39] - Net debt stood at $595,406,000, with a net debt to pro forma adjusted EBITDA ratio of 6.6x[48] Investments and Acquisitions - The company acquired Ashley Park, a 559,000-square-foot lifestyle center in Atlanta, Georgia, for $79.8 million, achieving a going-in cap rate near the high end of guidance[3][7] - Investments planned for 2025 are estimated between $100.0 million and $200.0 million, with a weighted average initial cash yield of 8.0% to 8.5%[19] Guidance and Outlook - The Company reaffirmed its full-year Core FFO and AFFO guidance per diluted share attributable to common stockholders[5] - The Company's 2025 outlook for Core FFO per common share is projected to be between $1.80 and $1.86, while AFFO per common share is expected to range from $1.93 to $1.98[19] - Same-Property NOI growth is anticipated to be approximately 1% compared to the year ended December 31, 2024[19] - General and administrative expenses are projected to be between $17.5 million and $18.0 million for 2025[19] - The estimated Net Loss Attributable to the Company per common share for 2025 is projected to be between $(0.46) and $(0.40)[20] Dividends - A cash dividend of $0.38 per share for common stock was announced, representing a payout ratio of 82.6% of the first quarter 2025 Core FFO attributable to common stockholders[17] - The Company declared and paid dividends of $0.40 per share for preferred stock and $0.38 per share for common stock, consistent with the previous year[41] Operational Metrics - The Company aims to enhance its operating performance by focusing on Same-Property NOI as a key performance metric, which excludes the impact of property acquisitions or dispositions[37] - The Company operates a portfolio of retail-based properties primarily in higher growth markets in the United States[23] Other Financial Metrics - The Company utilized interest rate swaps on a total of $315.0 million across various term loans to fix SOFR, achieving fixed swap rates ranging from 1.27% to 3.85%[1][3][4][5][6] - The Company completed transactions to retire $35,208,000 of 2025 Notes in exchange for 1,089,555 shares of common stock and cash payments totaling $29.0 million[16] - Adjusted EBITDA for the three months ended March 31, 2025, was $21,181,000, with an annualized figure of $84,724,000[48] - Pro forma adjusted EBITDA, reflecting the impact of current quarter investments and dispositions, reached $89,593,000[49] - Interest income from commercial loans and investments increased to $2,961,000 for the three months ended March 31, 2025, compared to $1,351,000 for the same period in 2024, representing a 119.5% increase[41] - The company reported a depreciation and amortization of real estate totaling $14,346,000 for the quarter[46] - Unrealized loss on investment securities was $165,000, a significant decrease from $4,039,000 in the previous year[46] - Distributions to preferred stockholders increased to $1,878,000 from $1,187,000 year-over-year[46]

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]