CTO Realty Growth Reports Strong Q1 Earnings, Strategic Acquisitions, and New Preferred Equity Investment

summarizeSummary

CTO Realty Growth, Inc. reported a significant increase in Q1 2026 net income and FFO, driven by strong revenue growth from its income property portfolio. The company completed a substantial acquisition of Palms Crossing for $81.8 million during the quarter, further expanding its retail and mixed-use property holdings. Post-quarter end, CTO made a $75.0 million preferred equity investment in a Class A retail property, demonstrating continued strategic capital deployment. The company also raised $14.4 million through its at-the-market (ATM) common stock offering program, with $202.1 million remaining available, providing additional liquidity for future growth initiatives. This detailed quarterly report reinforces the positive financial trajectory and strategic expansion outlined in the concurrent 8-K filing.

check_boxKey Events

• Strong Q1 Financial Performance

  Net income attributable to common stockholders surged to $4.3 million ($0.13 per share) in Q1 2026, up from $0.4 million ($0.01 per share) in Q1 2025. Total revenues increased by 15.0% to $41.2 million, while Core FFO attributable to common stockholders rose to $16.9 million from $14.4 million year-over-year.

• Significant Q1 Property Acquisition

  During Q1 2026, the company acquired Palms Crossing, an open-air shopping center in McAllen, TX, for $81.8 million. This acquisition adds 399,000 square feet to its portfolio, which was 98% occupied at acquisition.

• Substantial Post-Quarter Preferred Equity Investment

  Subsequent to quarter-end, on April 17, 2026, CTO completed a $75.0 million preferred equity investment in a Class A premier retail property, with an initial cash yield of 12.0%.

• Active ATM Program for Capital Raising

  The company sold 733,883 shares under its 2024 ATM program for gross proceeds of $14.4 million at a weighted average price of $19.59 per share during Q1 2026. Approximately $202.1 million remains available under this program.

auto_awesomeAnalysis

CTO Realty Growth, Inc. reported a significant increase in Q1 2026 net income and FFO, driven by strong revenue growth from its income property portfolio. The company completed a substantial acquisition of Palms Crossing for $81.8 million during the quarter, further expanding its retail and mixed-use property holdings. Post-quarter end, CTO made a $75.0 million preferred equity investment in a Class A retail property, demonstrating continued strategic capital deployment. The company also raised $14.4 million through its at-the-market (ATM) common stock offering program, with $202.1 million remaining available, providing additional liquidity for future growth initiatives. This detailed quarterly report reinforces the positive financial trajectory and strategic expansion outlined in the concurrent 8-K filing.