NYSE$CTO

CTO Realty Growth Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported operating results for the first quarter of 2021.

CTO Realty Growth reported a strong start to the year, marked by strategic acquisitions and dispositions that enhanced portfolio yield and supported a high dividend yield. The company collected 100% of contractual base rent and completed its NYSE uplisting.

  • Net Income per diluted share was $1.32.
  • FFO and AFFO per diluted share were $0.89 and $0.97, respectively.
  • Two multi-tenant income properties were acquired for $38.5 million with a 7.9% weighted average going-in cash cap rate.
  • Two income properties were disposed of for $4.9 million with a 6.4% weighted average exit cap rate.

Headline financials

Total Revenue

$14.7M

Previous: $12.8M+14.6%
EPS (adj)

$0.11

Previous: -$0.01+1200.0%
Capital Expenditures

-$38.5M

Previous: -$137M+71.9%
Free Cash Flow

-$30.7M

Previous: -$149M+79.5%
Net Income

$7.79M

Previous: -$12.3M+163.5%
Operating Income

$4.46M

Previous: $289K+1441.9%
Gross Profit

$11.7M

Previous: $9.2M+27.3%
Cash & Equivalents

$4.69M

Previous: $18.6M-74.8%
Total Assets

$673M

Previous: $717M-6.1%
Stock-Based Comp

$958K

Previous: $819K+17.0%

Revenue & EPS history

CTO · Revenue · Quarterly

$14.7M

Q1 2021+14.6%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

CTO · $12.1M total across 2 segments · Q1 2021

  • Income Properties
    $11.4M+4.1%
  • Management Fee Income
    $669K-4.8%

Forward guidance

The Company is maintaining its outlook and guidance for 2021, which assumes continued improvement in economic activity and stable business trends related to tenants.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.7%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.4%

Avg return

30 days after

60%

38 / 63 earnings

Positive

+9.5%

Q4 2014

Best reaction

-5.9%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%+3.2%+4.3%
Q4 2025+4.5%+1.8%-4.4%
Q3 2025+0.9%+3.7%+10.9%
Q1 2025+0.3%-1.8%+1.8%
Q4 2024-5.9%-7.5%-6.6%
Q3 2024+0.1%-1.7%+1.3%
Q2 2024+3.3%+6.1%-0.5%
Q1 2024-2.0%-0.7%+2.2%
Q4 2023+4.4%+3.6%+1.4%
Q3 2023+0.6%+2.9%+6.2%
Q2 2023-2.9%-1.6%-3.8%
Q1 2023+1.0%-1.8%-4.7%
Q4 2022-5.5%-5.9%-11.5%
Q3 2022+2.2%+2.0%+2.2%
Q2 2022-2.1%-0.8%-0.8%
Q1 2022-0.5%-2.6%+3.4%
Q4 2021+6.6%+8.3%+10.0%
Q3 2021-1.0%-0.4%+1.5%
Q2 2021+2.9%-0.5%+1.3%
Q1 2021+0.4%-4.0%+0.1%
Q4 2020+0.6%+1.7%+6.2%
Q3 2020+6.6%+8.4%+17.8%
Q2 2020+4.5%+4.9%+12.7%
Q1 2020+6.8%+0.3%+6.2%
Q4 2019+3.2%+1.5%-18.4%
Q3 2019+4.5%+5.2%+4.6%
Q2 2019+7.4%+4.0%+2.9%
Q1 2019+2.5%+3.2%+0.8%
Q4 2018-0.8%+0.4%-3.1%
Q3 2018-2.8%-1.3%-8.7%
Q2 2018+0.6%+1.1%+7.6%
Q1 2018+6.1%+1.4%+4.7%
Q4 2017+1.0%+1.0%+3.1%
Q3 2017+2.7%-0.4%+3.7%
Q2 2017+2.0%-2.3%-3.4%
Q1 2017-1.8%-0.4%+0.7%
Q4 2016-1.9%-1.5%-7.0%
Q3 2016-0.4%+1.8%+10.2%
Q2 2016-2.3%-1.8%+0.3%
Q1 2016+1.2%
Q4 2015+0.1%
Q3 2015+0.2%
Q2 2015+0.0%
Q1 2015-0.5%
Q4 2014+9.5%
Q3 2014+0.9%
Q2 2014+0.9%
Q1 2014-2.1%
Q4 2013+3.3%
Q3 2013+1.6%
Q2 2013-2.6%
Q1 2013-1.0%
Q4 2012+1.3%
Q3 2012-1.4%
Q2 2012+1.4%
Q1 2012-0.2%
Q4 2011-4.3%
Q3 2011-4.5%
Q4 2010-2.4%
Q2 2011-2.4%
Q1 2011+0.9%
Q3 2010-0.9%
Q2 2010+0.8%

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