CTO $20.35 -0.68%

CTO · CTO Realty Growth, Inc.

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$20.35 -0.14 (-0.68%) At close · Oct 1

Russell 2000 member Rebalance outlook locked

Market Cap

$693.58M

33.78M

Volume · Oct 1 327.19K Avg daily vol (3M) 374.71K

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Earnings call · FY2026 Q2

CTO Realty Growth, Inc. (CTO) Q2 2026 Earnings Call

Concluded Jul 29, 2026

Jul 29, 2026 0 turns

Period: FY2026 Q2
Runtime: —
Sources: 2 artifacts

8-K 10-Q

Executive readout · one minute

What matters this quarter

CTO Realty Growth raised its 2026 Core FFO guidance to $2.09-$2.13 (from $2.06-$2.11) and AFFO guidance to $2.21-$2.25 (from $2.19-$2.24), increased investment volume guidance to $300-$400 million, and reported shopping center same-property NOI growth of 10.1% for Q2 2026, with $153 million of investments closed at a 10.2% weighted average yield.

Power Center Market and Leasing Demand 16 Anchor Box Repositioning and Lease Spreads 12 Bad Debt and Comparability 10 Same-Store NOI Guidance and Drivers 10 Property Dispositions and Portfolio Recycling 8 Leverage and Deleveraging 5

Management tone

Positive

Net tone +38 · low hedging

Grounding quotes

“we still fully expect healthy same-store growth the remainder of the year”
“the power center market has been very strong of late, and a lot of more investor interest, more diverse tenant interest”
“Those blended, we expect it's 75%, maybe even a little higher”
“The comp gets tougher in the second half for a couple of reasons”

Forward guidance

3 guided metrics

Management's latest ranges and targets are included below.

Research coverage

2 live sources

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Research materials

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8-K earnings release Filed Jul 28, 2026 10-Q report Filed Jul 28, 2026 Company webcastOpen the original investor-relations page

Key takeaways

What improved, and what deserves a closer read.

↑ Constructive signals

Raised 2026 Core FFO guidance to $2.09-$2.13 from $2.06-$2.11
Raised 2026 AFFO guidance to $2.21-$2.25 from $2.19-$2.24
Raised 2026 investment volume guidance to $300-$400 million from $175-$250 million
Raised same-property NOI growth guidance to 5.0%-6.0% from 3.5%-4.5%
Shopping center same-property NOI grew 10.1% in Q2 2026
Closed $152.6 million of investments in Q2 at a 10.2% weighted average yield

↓ Risks & pressure points

Q3 2026 same-store comp faces easier prior-year bad debt comparison

Key moments

Read the management remarks selected from the transcript.

“Yeah, and then on the same store, Jay, it's really kind of three different things moving it. You know, one, I've talked about it before, you know, the same store pool is relatively small, a couple hundred thousand and a quarter is a hundred bips of growth.” Philip Mays, CFO

“Yeah, I think actually the industry environment is going to help us as far as deal flow when we want to replace some of the structured investments. I think a lot of borrowers, developers, banking on lower rates to refi, and when that's not going to happen, we may be in a situation where we can provide some solutions there. So, I think it's going to be more opportunity for us in the future rather than less.” John Albright, CEO

Forward guidance

From the 8-K filed Jul 28, 2026.

Metric	Period	Guided	Basis
Core FFO Per Diluted Share 2026	2026	$2.09 – $2.13	Non-GAAP
AFFO Per Diluted Share 2026	2026	$2.21 – $2.25	Non-GAAP
Same-Property NOI Growth for Shopping Centers 2026	2026	5% – 6%	Non-GAAP

Quarter detail

How the reported period landed and where the business moved.

Capital returned

Dividend / share: $0.38

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