CTO Realty Growth reported robust leasing activity for Q3 2025, achieving a 21.7% weighted average base rent spread and significantly strengthening its portfolio.
- Completed 482,000 square feet of leasing year-to-date, including 143,000 square feet in Q3 at an average base rent of $23 per square foot.
- Six out of ten vacant anchor spaces have been leased, with a targeted positive cash leasing spread of 40% to 60%.
- Core FFO rose to $15.6 million, a $3 million increase year-over-year, despite a slight drop in per share metrics to $0.48.
- Strengthened balance sheet with $170 million in liquidity and successful refinancing efforts, reducing net debt to EBITDA to 6.7x.
- Signed notable leases at the Shops at Legacy, enhancing the property’s lease percentage to approximately 85%.
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