CTO Realty: Q4 Earnings Snapshot

WINTER PARK, Fla. (AP) — WINTER PARK, Fla. (AP) — CTO Realty Growth, Inc. (CTO) on Thursday reported a key measure of profitability in its fourth quarter.

The Winter Park, Florida-based real estate investment trust said it had funds from operations of $7.4 million, or 37 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $4.3 million, or 21 cents per share.

The real estate company, based in Winter Park, Florida, posted revenue of $22.5 million in the period.

For the year, the company reported funds from operations of $33.9 million. Revenue was reported as $82.3 million.

CTO Realty expects full-year funds from operations in the range of $1.64 to $1.69 per share.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTO at https://www.zacks.com/ap/CTO

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