CTO Realty Growth Raises 2026 Outlook After Q2 Core FFO Jumps to $0.53
CTO sits 48% above its 52-week low of $15.065.
Summary
CTO Realty Growth delivered a strong Q2, with core FFO per share rising to $0.53 and net income swinging to a profit of $0.38 per share from a prior-year loss. The company raised its full-year 2026 guidance significantly: investment activity is now expected between $300M and $400M, and core FFO per share is guided to $2.09-$2.13, up from prior levels. Same-property NOI growth for shopping centers is projected at 5%-6% for the year, supported by a 10.1% Q2 increase. The quarter included $153M in investments at a 10.2% initial yield and 184,000 sq ft of leases signed at a 6% cash rent spread. This follows a strong Q1 and an expanded ATM program disclosed in April, indicating sustained operational momentum and capital deployment capacity. The stock is trading near its 52-week high, and the raised guidance suggests further upside potential.
At the time of this announcement, CTO was trading at $22.29 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $740.2M. The 52-week trading range was $15.07 to $22.66. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.