Overview

• Shopping center operator swings to net income in Q4 from a loss a year ago

• Core FFO and AFFO per share for Q4 showed growth

• At year-end, the company achieved record leased occupancy and substantial leasing activity

Outlook

• CTO Realty Growth expects 2026 Core FFO per share between $1.98 and $2.03

• Company forecasts 2026 AFFO per share between $2.11 and $2.16

• CTO Realty Growth anticipates 2026 investment volume of $100 mln to $200 mln

Result Drivers

• RECORD LEASING ACTIVITY - CTO executed 167,000 sq ft of comparable retail leases at a 31% cash rent spread increase in Q4, contributing to a record 592,000 sq ft for the year

• HIGH OCCUPANCY - Leased occupancy reached a record high of 95.9% at year-end, up 250 basis points from the previous year

• INVESTMENT ACTIVITY - Acquired Pompano Citi Centre for $65.2 mln and sold Shops at Legacy North for $78 mln in Q4

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the commercial reits peer group is "buy"

• Wall Street's median 12-month price target for CTO Realty Growth Inc is $21.00, about 10.6% above its February 18 closing price of $18.99

Press Release: ID:nGNX68P04m

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)