CTO Realty (CTO) Q2 FFO and Revenues Surpass Estimates

CTO Realty (CTO) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 11.63%. A quarter ago, it was expected that this real estate company would post FFO of $0.42 per share when it actually produced FFO of $0.52, delivering a surprise of 23.81%. Over the last four quarters, the c ...