Loading...
•
Jun 30, 2020
CTO Q2 2020 Earnings Report
Reported net income of $2.71 per share, which included a $1.30 unrealized gain on mark to market of PINE shares.
Key Takeaways
CTO Realty Growth, Inc. reported a strong second quarter with net income of $2.71 per share, which included a $1.30 unrealized gain on the mark to market of their PINE shares. The company sold several income properties and commercial loan investments, and repurchased convertible notes, while actively managing rent collections amidst the COVID-19 pandemic.
Reported net income per share of $2.71, including $1.30 from unrealized gain on PINE shares.
Collected 80% of Contractual Base Rent due during the quarter and 87% of July rent.
Sold income properties for $39.3 million, with an aggregate gain of $7.4 million.
Repurchased $7.5 million of Convertible Senior Notes, resulting in a gain on debt extinguishment.
Revenue by Segment
Forward Guidance
CTO Realty Growth provided guidance for the full year 2020, including acquisitions and dispositions of income-producing assets, target investment yields, and leverage targets.
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
Loading earnings performance data...
Loading earnings reaction data...