CTO Realty (CTO) Q3 FFO and Revenues Top Estimates

CTO Realty (CTO) came out with quarterly funds from operations (FFO) of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 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 6.25%. A quarter ago, it was expected that this real estate company would post FFO of $0.43 per share when it actually produced FFO of $0.48, delivering a surprise of 11.63%.Over the last four quarters, the comp ...