CTO Realty Growth trades at 10x forward FFO, raises 2026 guidance
CTO Realty Growth reported first-quarter Core FFO of $0.52 per share and raised full-year guidance, while the common stock trades at approximately 10x forward FFO versus a 14-18x peer average.
CTO Realty Growth reported first-quarter Core Funds from Operations of $0.52 per share and Adjusted FFO of $0.56 per share on revenue of $41.2 million, raising its full-year guidance. The Jacksonville-based REIT owns 22 properties comprising 5.9 million square feet of open-air shopping centers concentrated in the Southeast and Southwest United States.
The common stock trades at approximately 10 times forward FFO, below the 14-18x sector average for comparable retail REITs. The company pays a dividend yielding roughly 7.4 percent, which has remained uncut since 2022. CTO also maintains Series A preferred shares that yield 7.5 percent.
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