NYSE$CTO

CTO Realty Growth Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

CTO Realty Growth's operating results were reported for Q3 2022.

CTO Realty Growth reported Net Income per diluted share of $0.19, Core FFO per diluted share of $0.47, and AFFO per diluted share of $0.49, marking a 38.2% and 36.1% increase respectively, compared to the prior year period. The company acquired Madison Yards for $80.2 million and sold properties for $57.0 million, generating gains of $5.0 million.

  • Net Income per diluted share attributable to common stockholders was $0.19.
  • Core FFO per diluted share attributable to common stockholders increased 38.2% year-over-year to $0.47.
  • AFFO per diluted share attributable to common stockholders increased 36.1% year-over-year to $0.49.
  • Same-Property NOI increased by 12.0% compared to the prior year period.

Headline financials

Total Revenue

$23.1M

Previous: $16.6M+39.5%
EPS (adj)

$0.49

Previous: $0.12+308.3%
Free Cash Flow

$4.82M

Previous: $23.9M-79.9%
Net Income

$4.82M

Previous: $23.9M-79.9%
Operating Income

$10.8M

Previous: $26.8M-59.8%
Gross Profit

$16.3M

Previous: $12.3M+32.4%
Cash & Equivalents

$9.53M

Previous: $7.01M+36.1%
Total Assets

$846M

Previous: $687M+23.2%
Stock-Based Comp

$812K

Previous: $734K+10.6%

Revenue & EPS history

CTO · Revenue · Quarterly

$23.1M

Q3 2022+39.5%vs Q3 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

CTO · $18.6M total across 2 segments · Q3 2022

  • Income Properties
    $17.7M
  • Management Fee Income
    $951K

Forward guidance

The Company increased its outlook for 2022, considering year-to-date performance and revised expectations for investment activities, capital markets transactions, and leasing activity.

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 Q3 2022

Historical avgQ3 2022

+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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