CTO Realty Growth Q4 2023 FFO $0.52 Beats $0.34 Estimate, Sales $29.89M Beat $26.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
CTO Realty Growth (NYSE:CTO) reported Q4 2023 FFO of $0.52 per share, surpassing the $0.34 estimate, and sales of $29.89M, exceeding the $26.36M estimate. This represents a significant increase over the previous year's earnings and sales.
February 22, 2024 | 9:49 pm
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POSITIVE IMPACT
CTO Realty Growth reported a strong Q4 2023 with FFO of $0.52 per share, beating estimates by 52.94%, and sales of $29.89M, exceeding estimates by 13.39%. This performance indicates a robust growth over the previous year.
CTO Realty Growth's significant beat on both FFO per share and sales estimates for Q4 2023, compared to analyst expectations and year-over-year growth, suggests a strong operational performance and financial health. This is likely to positively influence investor sentiment and potentially lead to a short-term uptick in CTO's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100