CTO Realty Growth Q4 EPS $0.82, 95.9% Occupancy and 4.4% NOI Growth
CTO Realty Growth posted Q4 net income of $0.82 per diluted share and full-year net income of $0.08 per share, with core FFO at $0.49 in Q4 and $1.87 for 2025. Same-property NOI rose 4.3% in Q4 and 4.4% for the year, while occupancy hit a record 95.9%.
1. Q4 and Year-End Financial Results
CTO Realty Growth reported net income attributable to common stockholders of $26.5 million ($0.82 per diluted share) in the fourth quarter and $2.6 million ($0.08 per diluted share) for the full year 2025. Core FFO was $15.8 million ($0.49 per share) in Q4 and $60.5 million ($1.87 per share) for the year, while AFFO reached $16.4 million ($0.51 per share) in Q4 and $63.6 million ($1.97 per share) for 2025.
2. Leasing Performance and Occupancy
During Q4, the company executed 167,000 square feet of comparable retail leases with an average cash rent spread increase of 31%, contributing to 592,000 square feet leased at a 24% spread rise for the full year. Signed-not-open pipeline stood at $6.1 million (5.8% of ABR) and leased occupancy climbed to an all-time high of 95.9%.
3. Investment and Disposition Activity
In 2025 the company closed $165.9 million of investments at a 9.0% weighted average initial cash yield, including the acquisition of Pompano Citi Centre for $65.2 million. Dispositions totaled $85.1 million for the year, with a Q4 sale of the Shops at Legacy North for $78.0 million. The company is under contract to acquire a 384,000 square foot shopping center in Texas for $82.6 million.