Overview

* CTO Realty reports Q2 net loss of $0.77 per share, versus loss of $0.03 year ago

* Company signed 190,000 sq ft of leases with 21.6% cash rent spread growth

* CTO Realty reaffirms 2025 Core FFO and AFFO guidance

Outlook

* CTO reaffirms 2025 Core FFO guidance of $1.80 to $1.86 per share

* Company expects 2025 AFFO per share between $1.93 and $1.98

Result Drivers

* LEASING ACTIVITY - Signed 190,000 sq ft of leases with 21.6% cash rent spread growth, per CEO John P. Albright

* ANCHOR SPACES - Progress in leasing vacant anchor spaces, with six out of ten now leased

* PIPELINE GROWTH - Signed-not-open pipeline represents $4.6 mln, or 4.6% of annual cash base rent

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net -$23.42

Income mln

Q2 Core $14.66

FFO mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 ( CTO ) is $22.00, about 21.2% above its July 28 closing price of $17.34

Press Release:

(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.)