CTO Realty Growth Q3 Core FFO rises 10%, outlook lifted
CTO•CTO Realty Growth’s Q3 Core FFO per share rose 10% year over year, and the company raised its 2026 Core FFO guidance to $2.11-$2.14 per share. It expects 2026 AFFO per share of $2.22-$2.25 and investment volume of $472 million.
1. Quarterly results
CTO Realty Growth reported Q3 Core FFO of $19.82 million and a net loss of $7.05 million, or $0.19 per share. AFFO per share increased year over year.
2. Raised outlook
The company raised its 2026 Core FFO per-share guidance to $2.11-$2.14 and expects AFFO per share of $2.22-$2.25. It now sees 2026 investment volume of $472 million, compared with its prior outlook of $300 million to $400 million.
3. Leasing and investments
CTO Realty Growth cited continued leasing activity and a $5.6 million signed-but-not-open leasing pipeline. It completed $102.3 million of investments in Q3, including the acquisition of Zona Rosa and a loan origination; same-property shopping-center NOI rose 3.8% year over year.
