NYSE:CTOREITs
CTO Realty Growth (CTO) Stock Rises As FFO Strength Sharpens Dividend Debate
CTO Realty Growth stock closed up 2.1% at US$22.37, which signals investors liked what they saw more than they feared. The headline is simple: this quarter was about cash generation power. Core funds from operations, the key earnings yardstick for retail REITs, came in at US$18.4 million, with adjusted funds from operations at US$19.1 million.
For a stock that has traded below some estimates of intrinsic value and carried questions over earnings quality and payout coverage, this kind of...