Earnings Call Summary | CTO Realty Growth(CTO.US) Q1 2024 Earnings Conference
Earnings Call Summary | CTO Realty Growth(CTO.US) Q1 2024 Earnings Conference
Same-property NOI increased by 6% compared to Q1 2023, largely due to the lease-up of several properties and increased percentage rents.The following is a summary of the CTO Realty Growth, Inc. (CTO) Q1 2024 Earnings Call Transcript:
以下是首席技術官 Realty Growth, Inc.（CTO）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
首席技術官Realty Growth公佈的收益超出預期，每股核心FFO爲0.48美元，與2023年第一季度相比增長了23％。
AFFO 爲每股 0.52 美元，比 2023 年第一季度增長了 21%。
與2023年第一季度相比，同類物業的NOI增長了6％，這主要是由於幾處房產的租賃和租金百分比的增加。
該公司派發了第一季度每股0.38美元的定期現金股息，使AFFO派息率爲73％。
截至第一季度末，該公司的長期債務總額爲5.43億美元，而淨債務與息稅折舊攤銷前利潤之比爲7.6倍。
Business Progress:
業務進展：
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.
首席技術官Realty成功完成了本季度的租賃活動，簽署了超過100,000平方英尺的新租約、續約、期權和延期。
該公司報告稱，入住率增長了92.6％，較2023年底增長了2.3％。
首席技術官Realty以230萬美元的價格完成了對位於佐治亞州博福德的幾內亞Sprouts雜貨店主營交易所內最後一處房產的收購。
該公司還以6,870萬美元的價格收購了位於佛羅里達州奧蘭多塞米納爾鎮中心的Marketplace。該物業的租賃率爲98％。
該公司爲佛羅里達州西棕櫚灘的一個零售開發項目發放了1000萬美元的第一筆抵押貸款。
該公司以2000萬美元的價格出售了位於新墨西哥州聖佩格的一處混合用途房產。
該公司將其2024年的核心FFO和AFFO收益預期提高了每股0.04美元。
More details: CTO Realty Growth IR
更多詳情： 房地產增長投資者關係首席技術官
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
