<p>CTO Realty Growth, Inc. 最近召开了财报电话会议，展望总体积极。公司展示了强劲的租赁活动和财务表现，这帮助抵消了某些空置和高昂的租户改善成本等挑战。</p>
<h2>强劲的租赁活动</h2>
<p>CTO Realty Growth 报告称，截至 9 月 30 日，年初至今完成了 482,000 平方英尺的整体租赁活动。这项活动包括 21.7% 的加权平均基础租金差，突显了公司获得有利租赁条款的能力。</p>
<h2>在 Shops at Legacy 的重要租约</h2>
<p>一个显著的发展是与一家共享办公运营商在 Shops at Legacy 签署了 30,000 平方英尺的租约。预计该租约将在 2026 年底之前填补之前由 WeWork 占用的空间，标志着公司租赁努力的重要里程碑。</p>
<h2>财务表现与指引上调</h2>
<p>CTO Realty Growth 报告称，核心 FFO 在本季度上升至 1560 万美元，较去年同期的 1260 万美元有所增长。公司还将 2025 年的全年核心 FFO 指引上调至每股 1.84 至 1.87 美元的区间，反映出对其财务轨迹的信心。</p>
<h2>债务管理</h2>
<p>公司成功完成了 1.5 亿美元的定期贷款融资，这有助于减少到期债务并增强流动性。CTO Realty Growth 在本季度末拥有 1.7 亿美元的可用资金，为未来机会做好了良好准备。</p>
<h2>空置挑战</h2>
<p>尽管租赁活动积极，CTO Realty Growth 在 Carolina Pavilion 面临着显著的空置挑战，仍有 40,000 平方英尺未出租。公司在潜在租户方面经历了多次失败的尝试，表明在这一领域仍然存在持续的障碍。</p>
<h2>租户改善津贴</h2>
<p>本季度租户改善津贴显著增加，这一趋势预计将在第四季度继续，原因是主要租户的开业。这表明公司在提升租户空间以吸引和留住租户方面进行战略投资。</p>
<h2>前瞻性指引</h2>
<p>展望未来，CTO Realty Growth 预计将继续保持强劲的租赁活动，现金租赁差额在其空间中将达到 40% 至 60% 的积极水平。公司已将 2025 年的全年指引上调，新的核心 FFO 范围为每稀释股 1.84 至 1.87 美元，新的 AFFO 范围为每稀释股 1.96 至 1.99 美元，显示出强劲的未来表现预期。</p>
<p>总之，CTO Realty Growth 的财报电话会议突显了由强劲租赁活动和改善财务表现驱动的积极情绪。尽管仍面临挑战，特别是在空置和租户改善成本方面，但公司的战略举措和上调的指引表明未来前景乐观。</p>

<p>CTO Realty Growth, Inc. 举行了财报电话会议，展望积极，得益于强劲的租赁活动和改善的财务表现。公司截至目前完成了 482,000 平方英尺的租赁，其中在 Shops at Legacy 完成了一项 30,000 平方英尺的显著租赁。核心 FFO 上升至 1560 万美元，2025 年全年的指导目标提高至每股 1.84-1.87 美元。尽管面临空置率和更高的租户改善成本的挑战，公司对未来表现仍持乐观态度，预计现金租赁差额为 40%-60%</p>

<p>CTO Realty Growth, Inc. recently held its earnings call, projecting a generally positive outlook. The company showcased strong leasing activity and financial performance, which helped to outweigh challenges such as certain vacancies and elevated tenant improvement costs.</p>
<div class="lb-trans"><p>CTO Realty Growth, Inc. 最近召开了财报电话会议，展望总体积极。公司展示了强劲的租赁活动和财务表现，这帮助抵消了某些空置和高昂的租户改善成本等挑战。</p>
</div><h2>Strong Leasing Activity</h2>
<div class="lb-trans"><h2>强劲的租赁活动</h2>
</div><p>CTO Realty Growth reported impressive leasing activity, completing 482,000 square feet of overall leasing year-to-date through September 30. This activity included a weighted average base rent spread of 21.7%, highlighting the company’s ability to secure favorable leasing terms.</p>
<div class="lb-trans"><p>CTO Realty Growth 报告称，截至 9 月 30 日，年初至今完成了 482,000 平方英尺的整体租赁活动。这项活动包括 21.7% 的加权平均基础租金差，突显了公司获得有利租赁条款的能力。</p>
</div><h2>Significant Lease at Shops at Legacy</h2>
<div class="lb-trans"><h2>在 Shops at Legacy 的重要租约</h2>
</div><p>A notable development was the signing of a 30,000 square foot lease with a co-working operator at the Shops at Legacy. This lease is expected to fill the space formerly occupied by WeWork by the end of 2026, marking a significant milestone in the company’s leasing efforts.</p>
<div class="lb-trans"><p>一个显著的发展是与一家共享办公运营商在 Shops at Legacy 签署了 30,000 平方英尺的租约。预计该租约将在 2026 年底之前填补之前由 WeWork 占用的空间，标志着公司租赁努力的重要里程碑。</p>
</div><h2>Financial Performance and Guidance Raised</h2>
<div class="lb-trans"><h2>财务表现与指引上调</h2>
</div><p>CTO Realty Growth reported a rise in Core FFO to $15.6 million for the quarter, up from $12.6 million in the previous year. The company has also raised its full-year 2025 core FFO guidance to a range of $1.84 to $1.87 per share, reflecting confidence in its financial trajectory.</p>
<div class="lb-trans"><p>CTO Realty Growth 报告称，核心 FFO 在本季度上升至 1560 万美元，较去年同期的 1260 万美元有所增长。公司还将 2025 年的全年核心 FFO 指引上调至每股 1.84 至 1.87 美元的区间，反映出对其财务轨迹的信心。</p>
</div><h2>Debt Management</h2>
<div class="lb-trans"><h2>债务管理</h2>
</div><p>The company successfully closed $150 million in term loan financings, which has helped reduce maturing debt and enhance liquidity. CTO Realty Growth ended the quarter with $170 million available, positioning it well for future opportunities.</p>
<div class="lb-trans"><p>公司成功完成了 1.5 亿美元的定期贷款融资，这有助于减少到期债务并增强流动性。CTO Realty Growth 在本季度末拥有 1.7 亿美元的可用资金，为未来机会做好了良好准备。</p>
</div><h2>Vacancy Challenges</h2>
<div class="lb-trans"><h2>空置挑战</h2>
</div><p>Despite the positive leasing activity, CTO Realty Growth faces challenges with significant vacancy at Carolina Pavilion, where 40,000 square feet remain unleased. The company has experienced false starts with prospective tenants, indicating ongoing hurdles in this area.</p>
<div class="lb-trans"><p>尽管租赁活动积极，CTO Realty Growth 在 Carolina Pavilion 面临着显著的空置挑战，仍有 40,000 平方英尺未出租。公司在潜在租户方面经历了多次失败的尝试，表明在这一领域仍然存在持续的障碍。</p>
</div><h2>Tenant Improvement Allowances</h2>
<div class="lb-trans"><h2>租户改善津贴</h2>
</div><p>Tenant improvement allowances were notably higher this quarter, a trend expected to continue into the fourth quarter due to anchor tenant openings. This indicates a strategic investment in enhancing tenant spaces to attract and retain lessees.</p>
<div class="lb-trans"><p>本季度租户改善津贴显著增加，这一趋势预计将在第四季度继续，原因是主要租户的开业。这表明公司在提升租户空间以吸引和留住租户方面进行战略投资。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指引</h2>
</div><p>Looking ahead, CTO Realty Growth anticipates continued robust leasing activity, with a positive cash leasing spread of 40% to 60% across its spaces. The company has raised its full-year 2025 guidance, with a new core FFO range of $1.84 to $1.87 per diluted share and a new AFFO range of $1.96 to $1.99 per diluted share, signaling strong future performance expectations.</p>
<div class="lb-trans"><p>展望未来，CTO Realty Growth 预计将继续保持强劲的租赁活动，现金租赁差额在其空间中将达到 40% 至 60% 的积极水平。公司已将 2025 年的全年指引上调，新的核心 FFO 范围为每稀释股 1.84 至 1.87 美元，新的 AFFO 范围为每稀释股 1.96 至 1.99 美元，显示出强劲的未来表现预期。</p>
</div><p>In summary, CTO Realty Growth’s earnings call highlighted a positive sentiment driven by strong leasing activity and improved financial performance. While challenges remain, particularly with vacancies and tenant improvement costs, the company’s strategic initiatives and raised guidance suggest a promising outlook for the future.</p>
<div class="lb-trans"><p>总之，CTO Realty Growth 的财报电话会议突显了由强劲租赁活动和改善财务表现驱动的积极情绪。尽管仍面临挑战，特别是在空置和租户改善成本方面，但公司的战略举措和上调的指引表明未来前景乐观。</p>
</div>

CTO Realty Growth 的财报电话会议亮点显示出积极的前景