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Netflix stock surges after earnings, subscriber growth top estimates

CTO Realty: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

WINTER PARK, Fla. (AP) — WINTER PARK, Fla. (AP) — CTO Realty Growth, Inc. (CTO) on Thursday reported a key measure of profitability in its second quarter.

The Winter Park, Florida-based real estate investment trust said it had funds from operations of $11.1 million, or 48 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $688,000, or 3 cents per share.

The real estate company, based in Winter Park, Florida, posted revenue of $28.8 million in the period.

CTO Realty expects full-year funds from operations in the range of $1.95 to $2 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CTO at https://www.zacks.com/ap/CTO