CTO Realty (CTO) Q3 FFO and Revenues Top Estimates

Group 1 - CTO Realty reported quarterly funds from operations (FFO) of $0.51 per share, exceeding the Zacks Consensus Estimate of $0.48 per share, and up from $0.48 per share a year ago, representing a 6.25% surprise [1] - The company achieved revenues of $31.81 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.49%, compared to $28.47 million in the same quarter last year [1] - Over the last four quarters, CTO Realty has consistently surpassed consensus FFO and revenue estimates [1] Group 2 - The stock's immediate price movement will largely depend on management's commentary during the earnings call and future FFO expectations [2] - CTO Realty shares have increased by approximately 12.8% since the beginning of the year, while the S&P 500 has gained 21.5% [2] Group 3 - The current consensus FFO estimate for the upcoming quarter is $0.49 on revenues of $33.39 million, and for the current fiscal year, it is $1.95 on revenues of $120.5 million [4] - The estimate revisions trend for CTO Realty is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Group 4 - The REIT and Equity Trust - Other industry is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Whitestone, is expected to report quarterly earnings of $0.26 per share, reflecting a year-over-year increase of 13%, with revenues projected at $38.45 million, up 3.5% from the previous year [5]