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Mar 31, 2021
CTO Q1 2021 Earnings Report
Reported operating results for the first quarter of 2021.
Key Takeaways
CTO Realty Growth reported a strong start to the year, marked by strategic acquisitions and dispositions that enhanced portfolio yield and supported a high dividend yield. The company collected 100% of contractual base rent and completed its NYSE uplisting.
Net Income per diluted share was $1.32.
FFO and AFFO per diluted share were $0.89 and $0.97, respectively.
Two multi-tenant income properties were acquired for $38.5 million with a 7.9% weighted average going-in cash cap rate.
Two income properties were disposed of for $4.9 million with a 6.4% weighted average exit cap rate.
Revenue by Segment
Forward Guidance
The Company is maintaining its outlook and guidance for 2021, which assumes continued improvement in economic activity and stable business trends related to tenants.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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