CTO Realty: Fourth Quarter Earnings Overview
CTO Realty Growth Announces Fourth Quarter Financial Results
Based in Winter Park, Florida, CTO Realty Growth, Inc. shared its fourth-quarter financial performance on Thursday, highlighting a significant profitability metric.
During the quarter, the real estate investment trust reported funds from operations totaling $16.4 million, which equates to 51 cents per share.
Funds from operations, a key indicator within the REIT sector, is calculated by adjusting net income to include expenses like depreciation and amortization.
Additionally, CTO Realty Growth disclosed a net income of $26.5 million, or 82 cents per share, for the same period.
The company generated $38.3 million in revenue during the quarter.
For the full year, CTO Realty Growth achieved $63.6 million in funds from operations and reported annual revenue of $149.5 million.
Looking ahead, the company projects that its funds from operations for the upcoming year will fall between $2.11 and $2.16 per share.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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