CTO Realty Growth(CTO) - 2023 Q2 - Earnings Call Transcript

During the quarter, we did sell a Jollibee outparcel at our property just outside of Las Vegas in Henderson Nevada for $2.1 million at a very attractive cash cap rate of 4.8%, generating a healthy gain on sale of $800,000. On the leasing front, we signed 24 new leases renewals, options and extensions in the quarter, totaling 107,000 square feet at an average rent of $26.58 per square foot. As we shift focus to the back half of the year, we reaffirmed our 2023 core FFO and AFFO earnings guidance, while makin ...