CTO Realty Growth Q4 Earnings Call Highlights

On the timing of rent commencement, CFO Philip Mays said the pipeline should “ramp up about half in 2026” and be fully online in 2027. In the Q&A session, he said modeling the recognition as “ratable” is “pretty close,” with some ramp toward the latter half of 2026, and a similar pattern in 2027 based on current visibility. Management also explained that the year-over-year change in the percentage expected to be recognized in 2026 was influenced by tenants moving into rent-paying status and the sale of Shop ...