CTO

EX-99.1

2 cto-ex99d1.htm

EX-99.1

Press

Exhibit 99.1

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Press Release

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First

2024 Operating Results

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FOR

IMMEDIATE

RELEASE

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CTO Realty Growth Reports Third

Quarter 2026 Operating and Financial Results

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– Year-to-Date Investment Activity Totals $472 million –

– Enhances Liquidity with $1.0 billion Credit Facility –

– Increases 2026 Core FFO Per Diluted Share Guidance to $2.11 to $2.14 –

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WINTER PARK, FL – October 27, 2026 – CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”), an owner and operator of shopping centers located primarily in the higher growth Southeast and Southwest markets, today announced its operating and financial results for the quarter ended September 30, 2026. Net Loss attributable to common stockholders was $0.19 per diluted share for the third quarter.

Third Quarter 2026 Highlights

◾Core Funds from Operations (“Core FFO”) attributable to common stockholders of $0.53 per diluted share.

◾Adjusted Funds from Operations (“AFFO”) attributable to common stockholders of $0.55 per diluted share.

◾Executed 396,000 square feet of comparable retail leases at a positive cash rent spread of 7%.

◾Signed-not-open leasing pipeline totals $5.6 million as of September 30, 2026.

◾Shopping center same-property NOI increased 3.8% versus the third quarter of 2025 and 6.2% year-to-date.

◾Secured $250 million of incremental commitments with the closing of a $1.0 billion amended and restated unsecured credit facility with the nearest maturity now in September 2029.

◾Issued 1,271,472 common shares under its common stock ATM program at a weighted average gross price of $21.83 per share, for total net proceeds of $27.3 million.

◾Income from Alpine Income Property Trust (NYSE: PINE) for the quarter was $2.2 million, consisting of $1.4 million in management fees and $0.8 million in dividend income. The annualized run-rate for income from PINE is $9.0 million as of September 30, 2026.

◾Addressed the last 117,400 square feet of vacated anchor space at Carolina Pavilion, including a contract to sell 76,500 square feet and new leases with Cavender’s and 2nd & Charles for the remaining 40,900 square feet.

◾Acquired Zona Rosa, a 768,000 square foot mixed-use center located in Kansas City, Missouri, anchored by Dick’s Sporting Goods, Barnes & Noble, Old Navy, Burlington, and DSW, for $63.3 million.

◾Originated a $37.0 million loan secured by a leasehold interest in a mixed-use property located in Austin, Texas. The investment generates a 9.75% initial cash yield, and has a two-year term.

Subsequent Events

◾Subsequent to September 30, 2026, invested an aggregate of $135.8 million comprised primarily of the previously announced $103.0 million acquisition of Summit Woods Crossing in Kansas City, Missouri and a $32.0 million preferred equity investment in a joint venture that owns a portfolio of ten shopping centers.

◾Year-to-date investments, reflecting these subsequent events, total $472.3 million at a weighted average yield of 9.4%.

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“We are pleased to deliver another excellent quarter, with Core FFO per diluted share up 10% year-over-year,” said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. “We are raising our 2026 Core FFO guidance to reflect our continued leasing momentum and the $472 million we have invested year-to-date at a weighted average yield of 9.4%. With a $5.6 million signed-not-open leasing pipeline, we believe CTO is well positioned to deliver continued earnings growth into 2027.”

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Financial Results

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(in thousands, except per share data)

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3Q 2026

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3Q 2025

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YTD 2026

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YTD 2025

Net Income (Loss)

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$

(7,050)

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$

1,036

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$

10,511

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$

(23,877)

Net Income (Loss) per Common Share - Diluted

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$

(0.19)

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$

0.03

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$

0.30

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$

(0.74)

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Core FFO

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$

19,817

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$

15,632

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$

55,186

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$

44,736

Core FFO per Common Share - Diluted

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$

0.53

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$

0.48

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$

1.57

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$

1.38

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AFFO

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$

20,856

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$

16,345

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$

58,229

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$

47,133

AFFO per Common Share - Diluted

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$

0.55

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$

0.50

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$

1.66

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$

1.46

Metrics reflect amounts attributable to common stockholders. Refer to “Non-GAAP Financial Measures” for definitions and additional detail. Reconciliations of non-GAAP measures to the most directly comparable GAAP measure are provided in the tables accompanying this press release.

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Portfolio Performance

Retail Leasing Activity

◾During the three months ended September 30, 2026, the Company executed 38 new leases, renewals and extensions totaling 467,000 square feet. On a comparable space basis, the Company executed 396,000 square feet of leases at an average cash rent spread increase of 7%.

◾During the nine months ended September 30, 2026, the Company executed 88 new leases, renewals and extensions totaling 833,000 square feet. On a compa