NYSE$CTO

CTO Realty Growth Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported net income of $2.71 per share, which included a $1.30 unrealized gain on mark to market of PINE shares.

CTO Realty Growth, Inc. reported a strong second quarter with net income of $2.71 per share, which included a $1.30 unrealized gain on the mark to market of their PINE shares. The company sold several income properties and commercial loan investments, and repurchased convertible notes, while actively managing rent collections amidst the COVID-19 pandemic.

  • Reported net income per share of $2.71, including $1.30 from unrealized gain on PINE shares.
  • Collected 80% of Contractual Base Rent due during the quarter and 87% of July rent.
  • Sold income properties for $39.3 million, with an aggregate gain of $7.4 million.
  • Repurchased $7.5 million of Convertible Senior Notes, resulting in a gain on debt extinguishment.

Headline financials

Total Revenue

$13M

Previous: $17.9M-27.5%
EPS (adj)

$0.16

Previous: $0.24-33.3%
Capital Expenditures

-$137M

Previous: -$42.7M-221.4%
Free Cash Flow

-$125M

Previous: -$32.1M-288.2%
Net Income

$12.6M

Previous: $10.6M+19.0%
Operating Income

$10.8M

Previous: $17.4M-38.2%
Gross Profit

$10.4M

Previous: $11.8M-12.2%
Cash & Equivalents

$10.7M

Previous: $2.62M+308.3%
Total Assets

$689M

Previous: $578M+19.3%
Stock-Based Comp

$700K

Previous: $634K+10.4%

Revenue & EPS history

CTO · Revenue · Quarterly

$13M

Q2 2020-27.5%vs Q2 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

CTO · $13M total across 3 segments · Q2 2020

  • Income Properties
    $11.5M
  • Interest Income From Commercial Loans and Investments
    $835K
  • Management Fee Income
    $695K

Forward guidance

CTO Realty Growth provided guidance for the full year 2020, including acquisitions and dispositions of income-producing assets, target investment yields, and leverage targets.

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 Q2 2020

Historical avgQ2 2020

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro