Earnings Call Summary | CTO Realty Growth(CTO.US) Q1 2024 Earnings Conference
Earnings Call Summary | CTO Realty Growth(CTO.US) Q1 2024 Earnings Conference
The following is a summary of the CTO Realty Growth, Inc. (CTO) Q1 2024 Earnings Call Transcript:
以下是首席技术官 Realty Growth, Inc.（CTO）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
CTO Realty Growth reported earnings exceeding expectations, with core FFO per share coming in at $0.48, a 23% increase compared to Q1 2023.
AFFO was $0.52 per share, a 21% increase over Q1 2023.
Same-property NOI increased by 6% compared to Q1 2023, largely due to the lease-up of several properties and increased percentage rents.
The company distributed a Q1 regular cash dividend of $0.38 per share, resulting in an AFFO payout ratio of 73%.
As of the end of Q1, the company's total long-term debt was $543 million, while its net debt-to-EBITDA was 7.6 times.
首席技术官Realty Growth公布的收益超出预期，每股核心FFO为0.48美元，与2023年第一季度相比增长了23％。
AFFO 为每股 0.52 美元，比 2023 年第一季度增长了 21%。
与2023年第一季度相比，同类物业的NOI增长了6％，这主要是由于几处房产的租赁和租金百分比的增加。
该公司派发了第一季度每股0.38美元的定期现金股息，使AFFO派息率为73％。
截至第一季度末，该公司的长期债务总额为5.43亿美元，而净债务与息税折旧摊销前利润之比为7.6倍。
Business Progress:
业务进展：
CTO Realty recorded a successful quarter of leasing activity, signing over 100,000 square feet of new leases, renewals, options and extensions.
The company reported an increase in occupancy finishing at 92.6%, an increase of 2.3% from the end of 2023.
CTO Realty completed the acquisition of the final property within the Sprouts grocery-anchored Exchange at Guinea in Beauford, Georgia, for $2.3 million.
The company also purchased Marketplace at Seminal Town Center in Orlando, Florida for $68.7 million. The property is 98% leased.
The company originated a $10 million first mortgage loan on a retail development in West Palm Beach, Florida.
The company sold a mixed-use property in Santa Peg, New Mexico for $20 million.
The company increased its 2024 core FFO and AFFO earnings guidance by $0.04 per share.
首席技术官Realty成功完成了本季度的租赁活动，签署了超过100,000平方英尺的新租约、续约、期权和延期。
该公司报告称，入住率增长了92.6％，较2023年底增长了2.3％。
首席技术官Realty以230万美元的价格完成了对位于佐治亚州博福德的几内亚Sprouts杂货店主营交易所内最后一处房产的收购。
该公司还以6,870万美元的价格收购了位于佛罗里达州奥兰多塞米纳尔镇中心的Marketplace。该物业的租赁率为98％。
该公司为佛罗里达州西棕榈滩的一个零售开发项目发放了1000万美元的第一笔抵押贷款。
该公司以2000万美元的价格出售了位于新墨西哥州圣佩格的一处混合用途房产。
该公司将其2024年的核心FFO和AFFO收益预期提高了每股0.04美元。
More details: CTO Realty Growth IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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译文内容由第三方软件翻译。