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Jun 30, 2024
CTO Q2 2024 Earnings Report
CTO Realty Growth's operating results and earnings were reported for the second quarter of 2024.
Key Takeaways
CTO Realty Growth reported a net loss per diluted share of $(0.03), Core FFO per diluted share of $0.45, and AFFO per diluted share of $0.48 for the quarter ended June 30, 2024. The company increased its full-year Core FFO and AFFO guidance by 11.9% and 11.0%, respectively, at the mid-points of the ranges.
Net Loss per diluted share attributable to common stockholders was $(0.03).
Core FFO per diluted share attributable to common stockholders was $0.45.
AFFO per diluted share attributable to common stockholders was $0.48.
Same-Property NOI increased by 2.0% compared to the second quarter of 2023.
Revenue by Segment
Forward Guidance
The Company has increased its Core FFO and AFFO outlook for 2024 and has revised certain assumptions to take into account the Company’s year-to-date performance and revised expectations regarding the Company’s acquisition activities. The Company’s outlook for 2024 assumes continued stability in economic activity, stable or positive business trends related to each of our tenants and other significant assumptions.
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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