CTO Realty Growth Reports Q3 2026 Earnings Growth and Raises Full-Year Guidance
CTO Realty Growth (CTO) reported strong third-quarter results for 2026, highlighted by a 10.4% increase in Core FFO per diluted share to $0.53. This growth was primarily driven by new rent commencements and strategic property acquisitions. The company also saw a 10% year-over-year increase in AFFO per diluted share, reaching $0.55. Following robust leasing activity and significant investment volume, management has raised its full-year guidance for both Core FFO and AFFO. Additionally, the company increased its annual investment volume target to approximately $472 million, up from the previous range of $300 million to $400 million. While occupancy saw a slight total portfolio decline due to recent acquisitions, same-property shopping center occupancy improved by 90 basis points. Despite the positive momentum, CFO Philip R. Mays noted potential headwinds in 2027 regarding maturing interest rate swaps, which are expected to roll up by approximately 180 basis points on a $100 million swap.
Tickers: $CTO
Topics: acquisitions AFFO earnings report FFO real estate