CTO Realty Growth Inc
For the period ended Jul 25, 2024. Filed Jul 25, 2024.
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Jul 25, 2024 · Filed Jul 25, 2024
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EX-99.1 · CEO Comments
CEO Comments
“We are pleased that our strong leasing results over the past year are starting to deliver meaningful Same-Property NOI growth, including an increase of 4% for the first half of the year,” said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. “The strength of our leasing continued this quarter with an 8.8% leasing spread on comparable leases. Given our solid earnings and increased investment activity outlook, we have increased our full-year Core FFO and AFFO guidance by 11.9% and 11.0%, respectively, at the mid-points of the ranges, and are looking forward to an active second half of 2024.”
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