CTO Realty Growth (CTO) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and CTO Realty Growth published the results on October 27, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. CTO Realty Growth reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Core FFO per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• CTO Realty Growth is a REIT. Revenue on this page is its Total Revenues line: income property rents, management fees from Alpine Income Property Trust (PINE) and interest from commercial loans and investments. EPS is net income (loss) attributable to common stockholders per diluted share. Its headline earnings measure is Core FFO per diluted share, shown in the adjusted row.
• The Q3 2026 net loss includes a $9.8 million realized and unrealized loss on investment securities, which CTO excludes from FFO.

Source: CTO Realty Growth Q3 2026 results, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How CTO Realty Growth splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• CTO Realty Growth's Income properties revenue was $38.5 million in Q3 2026, up 15% from $33.4 million in Q3 2025, 82% of total revenue.
• CTO Realty Growth's Management fee income revenue was $1.5 million in Q3 2026, up 29% from $1.2 million in Q3 2025, 3% of total revenue.
• CTO Realty Growth's Interest income from commercial loans and investments revenue was $6.9 million in Q3 2026, up 121% from $3.1 million in Q3 2025, 15% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

CTO gives its outlook as a table. In each row the first range is the current outlook and the second is the previous one.

In its Q3 2026 release, CTO Realty Growth said:

“The Company has revised its 2026 outlook as follows:”

“Core FFO per Common Share - Diluted $2.11 to $2.14 $2.09 to $2.13”

“AFFO per Common Share - Diluted $2.22 to $2.25 $2.21 to $2.25”

“Same-Property NOI Growth for Shopping Centers 5.0% to 6.0% 5.0% to 6.0%”

Source: CTO Realty Growth Q3 2026 release, Oct 27, 2026.

This is the company's own guidance as of Oct 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CTO forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues and basic and diluted net income (loss) attributable to common stockholders per share, each as first reported in that quarter's release. Core FFO per diluted share in those releases was $0.53, $0.52, $0.49 and $0.48 for Q2 2026, Q1 2026, Q4 2025 and Q3 2025.

We do not hold a confirmed date for CTO Realty Growth's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 27, 2026

CTO Realty Growth owns open-air shopping centers, mostly in the Southeast and Southwest. Rents from its income properties were $38.5 million of its $46.9 million of total revenues in Q3 2026. Interest from commercial loans and investments added $6.9 million, more than double the $3.1 million of a year earlier, and management fees, mainly from managing Alpine Income Property Trust (PINE), were $1.5 million. (CTO Realty Growth Q3 2026 release, Oct 27, 2026; CTO Realty Growth Form 10-Q, Q3 2026, Oct 27, 2026)

CTO says income property revenue rose $5.0 million, or 15.0%, mainly because of growth and lease-up of the portfolio and the timing of acquisitions against dispositions. In the quarter it bought Zona Rosa, a 768,000 square foot center in Kansas City, Missouri, for $63.3 million, and originated a $37.0 million loan on a mixed-use property in Austin, Texas at a 9.75% initial cash yield. (CTO Realty Growth Form 10-Q, Q3 2026, Oct 27, 2026; CTO Realty Growth Q3 2026 release, Oct 27, 2026)

At September 30, 2026 CTO owned 22 properties in eight states with 6.6 million square feet. By square footage, 23% was in Georgia, 19% in Florida, 18% in Texas, 15% in North Carolina and 12% in Missouri, and CTO says 78% of its annualized base rent comes from Georgia, Florida, Texas and North Carolina. (CTO Realty Growth Form 10-Q, Q3 2026, Oct 27, 2026; CTO Realty Growth Q3 2026 investor presentation, Oct 27, 2026)

Shopping center same-property NOI rose 3.8% from Q3 2025. CTO signed 396,000 square feet of comparable leases at a 7% average cash rent increase and has a $5.6 million signed-not-open pipeline. Total leased occupancy fell 180 basis points to 92.4%, partly because Zona Rosa was 67% leased when bought, while same-property shopping center occupancy rose 90 basis points to 95.8%. (CTO Realty Growth Q3 2026 release, Oct 27, 2026)

CTO Realty Growth lost $7.1 million attributable to common stockholders in Q3 2026, or $0.19 per diluted share, after earning $1.0 million, or $0.03, a year earlier. Operating income rose to $11.6 million from $10.0 million, but investment and other income swung to a $9.4 million loss, which included a $9.8 million realized and unrealized loss on investment securities. Interest expense rose to $7.9 million from $6.8 million and preferred dividends took $1.9 million. (CTO Realty Growth Q3 2026 release, Oct 27, 2026)

CTO leads its release with funds from operations. Core FFO attributable to common stockholders was $19.8 million, or $0.53 per diluted share, up from $0.48, and AFFO was $0.55 against $0.50. Core FFO adds back $17.4 million of real estate depreciation and amortization and the securities loss, and excludes amortization of lease intangibles and debt extinguishment losses. (CTO Realty Growth Q3 2026 release, Oct 27, 2026)

Diluted shares rose to 37,621,472 from 32,682,775. CTO issued 1,271,472 shares in the quarter through its at-the-market program at an average gross price of $21.83, for net proceeds of $27.3 million. It paid a common dividend of $0.38 a share, unchanged from a year earlier. (CTO Realty Growth Q3 2026 release, Oct 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

CTO Realty Growth raised its 2026 Core FFO outlook to $2.11 to $2.14 per diluted share, from $2.09 to $2.13, and AFFO to $2.22 to $2.25, from $2.21 to $2.25. It kept same-property NOI growth for shopping centers at 5.0% to 6.0%, raised assumed investment volume to $472 million from $300 to $400 million and raised general and administrative expenses to $21.0 to $21.5 million. (CTO Realty Growth Q3 2026 release, Oct 27, 2026)

Core FFO through nine months was $1.57 per diluted share, so the new range implies $0.54 to $0.57 for Q4. After the quarter CTO bought Summit Woods Crossing in the Kansas City area for $103.0 million and made a $32.0 million preferred equity investment in a ten-property shopping center joint venture. (CTO Realty Growth Q3 2026 release, Oct 27, 2026)

A consensus figure is the average of the models published by the analysts who cover CTO Realty Growth, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones CTO Realty Growth's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CTO is on is CTO a buy or a sell?, what analysts expect next is on the CTO forecast, and what the company does is on the CTO Realty Growth (CTO) stock page.

Every number on this page can be traced to a document CTO Realty Growth published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.