CTO −0.93% on Nov 12 · Analysis updated Nov 12, 2026, 4:51 PM ET

Why is CTO Realty Growth (CTO) stock down?

CTO reported Q3 results on Oct 27-28 with Core FFO per share up 10.4% to $0.53, revenue of $46.9M and a raised 2026 Core FFO guidance range of $2.11-$2.14. Same-property NOI grew 3.8%, comparable leases were signed at a 7% cash rent spread, and $472M has been invested year to date at a 9.4% yield. A GAAP net loss of $0.19 per share and a modestly lower analyst price target ($23 from Lucid and Alliance Global) tempered the reaction. The stock dipped to a low of $18.49 on Oct 28 on volume of about 787K shares, roughly twice the usual level. It then recovered to about $20.24-$20.43, up roughly 6% from the post-earnings low. Volume has faded to quiet levels in recent sessions. Positives include solid leasing, 95.8% same-property leased occupancy, a 7.6% dividend yield, a $1.0B credit facility and a dismissed securities fraud case. Against these, the company is issuing equity through its ATM program (shares sold at about $21.83 in Q3) and leverage is 5.9x. The price sits below the roughly $23-$24 analyst targets.

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