WINTER PARK, Fla. (AP) — WINTER PARK, Fla. (AP) — CTO Realty Growth, Inc. (CTO) on Tuesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Winter Park, Florida, said it had funds from operations of $15.3 million, or 47 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 $25.3 million, or 77 cents per share.
The real estate company, based in Winter Park, Florida, posted revenue of $37.6 million in the period.
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