CTO Realty Growth Posts 99.1% Occupancy, Closes $120M Acquisitions & $275M Refinancing
CTO Realty Growth reported Q4 2025 portfolio occupancy at a record 99.1%, driving net operating income up 7.0% year-over-year. Management closed $120 million in new property acquisitions and refinanced $275 million of debt at a 3.2% weighted average interest rate.
1. Record Occupancy
CTO Realty Growth achieved a portfolio occupancy rate of 99.1% in Q4 2025, marking its highest quarterly level on record. This uptick contributed to a 7.0% increase in net operating income year-over-year, reflecting strong tenant demand across industrial and office net-lease sectors.
2. Strategic Acquisitions
During the quarter, the company deployed $120 million to acquire five net-lease properties in key logistics hubs, enhancing its exposure to e-commerce and last-mile distribution. These acquisitions are expected to yield a blended cap rate of approximately 6.4% and bolster recurring rental revenue.
3. Debt Refinancing
CTO refinanced $275 million of outstanding debt at a weighted average interest rate of 3.2%, lowering its overall cost of capital by roughly 60 basis points. The extended maturities and reduced coupon expenses are projected to generate annual interest savings of about $1.65 million, strengthening the balance sheet heading into 2026.