CTO Realty Growth Reports Q2 2025 Results, Net Loss Due to Debt Extinguishment, Reaffirms Guidance

CTO
September 21, 2025
CTO Realty Growth, Inc. announced its operating and financial results for the second quarter ended June 30, 2025, reporting a net loss attributable to common stockholders of $23.42 million, or $(0.77) per diluted share. This net loss was primarily driven by a $20.4 million loss on the extinguishment of debt related to the full settlement of its $51 million 3.875% convertible notes, which matured in April 2025. Despite the net loss, total revenue for the quarter increased by 30.5% year-over-year to $37.64 million, with the Income Properties segment revenue growing by 29.0% and the Commercial Loans and Investments segment surging by 109.3%. Core FFO for the quarter increased to $14.7 million, maintaining a per-share figure of $0.45. The company demonstrated strong operational performance in leasing, signing 190,000 square feet of comparable leases at a 22% growth in cash rent spread. CTO reaffirmed its full-year 2025 guidance, projecting Core FFO between $1.80 and $1.86 per share and AFFO between $1.93 and $1.98 per share, with investment guidance remaining at $100 million to $200 million. The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.