CTO Realty (CTO) Q2 FFO Lag Estimates

CTO Realty (CTO) came out with quarterly funds from operations (FFO) of $0.47 per share, missing the Zacks Consensus Estimate of $0.49 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 -4.08%. A quarter ago, it was expected that this real estate company would post FFO of $0.48 per share when it actually produced FFO of $0.49, delivering a surprise of +2.08%.Over the last four quarters, the com ...