CTO Realty Growth, a small REIT focused on open-air shopping centers in fast-growing U.S. Southeast and Southwest markets, reported Q1 2026 core FFO of $0.52 per share and AFFO of $0.56 per share, with revenue rising to $41.2 million. The company raised its full-year guidance, maintaining a strong dividend yield of approximately 7.4%, which has not been cut since 2022. Despite these positive results, risks include concentration in Atlanta properties, upcoming debt maturities in 2027 totaling around $284 million, and dependency on tenants opening stores on schedule. The stock trades at about 10 times forward FFO, below the sector average of 14 to 18 times, indicating potential undervaluation.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
