CTO Realty Growth

CTO Realty Growth, Inc. operates as a real estate company. It owns and manages commercial real estate properties. The company was founded in 1910 and is headquartered in Daytona Beach, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CTO Realty Growth Achieves Record Growth in 2022, Eyes Strategic Acquisitions for Future Success

CTO Realty Growth's robust performance in 2022 sets a strong foundation for continued success in 2023. Despite challenges with certain tenants, the company remains focused on maximizing value and pursuing growth opportunities.

CTO Realty Growth excels in Q1 2023 with strategic growth initiatives

CTO Realty Growth's Q1 2023 earnings call highlighted strong performance, strategic investments, and a focus on shareholder value. The company's proactive approach to repositioning properties and utilizing tax-efficient strategies positions them well for future growth and capital optimization.

CTO Realty Growth reports active Q2 investments amidst financial challenges

CTO Realty Growth's Q2 showcased active investment and leasing strategies.
While facing challenges like expense increases and NOI decline, the company maintains a focus on optimizing its portfolio.
Opportunities lie in cost management, strategic investments, and revenue growth.
Overall, CTO Realty Growth aims to navigate short-term challenges for long-term value creation.

CTO Realty Growth excels in Q3, eyes growth amidst challenges

CTO Realty Growth's Q3 performance was marked by strong leasing activity, strategic dispositions, and increased guidance. While challenges persist in the uncertain market environment, the company remains focused on creating long-term value for shareholders and capitalizing on growth opportunities.

CTO Realty Growth excels in Q4 2023, poised for strategic growth

CTO Realty Growth delivered exceptional financial results in Q4 2023, exceeding expectations with significant core FFO and AFFO per share growth. The company's focus on retail properties, successful leasing activities, and strategic investments highlight a robust performance trajectory. While challenges in balancing investment needs and shareholder expectations exist, CTO Realty Growth's opportunities for growth and value creation remain promising.

CTO Realty Growth excels in Q1 2024, eyes growth opportunities

CTO Realty Growth demonstrated robust leasing activity, improved occupancy rates, and strong financial performance in Q1 2024.
The company's proactive leasing strategies and financial maneuvers have enhanced its position in the market.
While facing challenges in debt management and portfolio optimization, CTO Realty Growth is poised to capitalize on growth opportunities.
Investors should take note of the company's positive performance and strategic moves to navigate market challenges and drive future growth.

CTO Realty Growth excels in Q2, eyes expansion amid challenges

CTO Realty Growth's Q2 performance reflects operational excellence, growth potential, and strategic focus on enhancing shareholder value.
While facing challenges from market dynamics, the company's strengths in occupancy rates, asset monetization, and financial guidance position it well for the future.
By capitalizing on opportunities in leasing, investments, and financial management, CTO Realty Growth can navigate challenges and drive sustainable growth.

CTO Realty Growth excels in Q3, eyes growth through acquisitions

CTO Realty Growth delivered a solid quarter with notable achievements across all business segments, showcasing growth in core FFO and leasing activity.
The company's strategic investments, improved leverage, and raised guidance reflect a positive outlook for future performance and expansion.
While challenges exist in a dynamic market environment, CTO Realty Growth's strong performance and focus on high-quality assets position them well for continued success.

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CTO Realty Growth, Inc. operates as a real estate company. It owns and manages commercial real estate properties. The company was founded in 1910 and is headquartered in Winter Park, FL.

DAYTONA BEACH, Fla., Feb. 18, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter and year ended December 31, 2020.

CTO Realty Growth Reports Fourth Quarter and Full Year 2020 Operating Results

DAYTONA BEACH, Fla., Feb. 01, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (“CTO”) today announced the completion of the merger of CTO with and into CTO NEWCO REIT, Inc., a wholly owned subsidiary of CTO (the “Merger”). The Merger was undertaken in connection with CTO's previously announced plan for CTO to elect to be subject to tax as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with its taxable year ended December 31, 2020.

CTO Realty Growth Completes Merger in Connection With REIT Conversion and Uplists to the NYSE

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CTO Realty Growth (CTO) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

CTO Realty Growth (CTO) Surges: Stock Moves 8.1% Higher

DAYTONA BEACH, Fla., Dec. 29, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) announced today the closing of the sale of a property located in Austin, Texas leased to Outback Steakhouse and a summary of its 2020 transaction activity.

CTO Realty Growth Announces Sale of Single Tenant Property in Austin, Texas and Summary of 2020 Transaction Activity

DAYTONA BEACH, Fla., Dec. 22, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) announced today the closing of the sale of a property located in Aspen, Colorado leased to an affiliate of A.G. Hill Partners, a Dallas, Texas based family office (the “Master Tenant”). The Master Tenant exercised their tenant repurchase option at a sales price of $28.5 million.

CTO Realty Growth Announces Sale of its Master Leased Retail Property in Aspen, Colorado

DAYTONA BEACH, Fla., Dec. 21, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (“CTO” or the “Company”) announced today that it has completed the payment of its previously announced special distribution in an aggregate amount of approximately $55.8 million (the “Special Distribution”). The Special Distribution is intended to ensure that the Company has distributed all of its previously undistributed earnings and profits attributable to taxable periods ended on or prior to December 31, 2019, as required in connection with the Company's election to be taxable as a real estate investment trust (“REIT”) commencing with its taxable year ending December 31, 2020.

CTO Realty Growth Announces Completion of Special Distribution

CTO Realty Growth recently converted from a C Corp to a REIT and raised its dividend by 150%. It has weathered the pandemic relatively well, with a high rent collection rate.

CTO Realty Growth: This Recently Converted REIT Comes With A 9.6% Yield

DAYTONA BEACH, Fla., Nov. 23, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of approximately 30 acres (the “Parcel”) for $8.1 million, or $273,000 per acre, to Capstone Collegiate Communities, LLC (“Capstone”), a national real estate developer. Capstone intends to develop an estimated 280 multi-family units on the Parcel, which is located at the southwest corner of Williamson Boulevard and Strickland Range Road in Daytona Beach, FL on the east side of I-95.

CTO Realty Growth Announces Its Land Joint Venture Sold 30 Acres for $8.1 Million

CTO Realty Growth (CTO) saw a big move last session, as its shares jumped more 7% on the day, amid huge volumes.

CTO Realty Growth (CTO) Surges: Stock Moves 7.3% Higher

DAYTONA BEACH, Fla., Nov. 10, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the following three transactions representing approximately $6.5 million in transaction activity:

CTO Realty Growth Announces Recent Transaction Activity

Email Print Friendly Share November 10, 2020 06:50 ET | Source: CTO Realty Growth, Inc. DAYTONA BEACH, Fla., Nov. 10, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (“CTO” or the “Company”) today announced that, in connection with the Company's conversion to a real estate investment trust (“REIT”), the Company's shareholders have approved the merger of the Company with and into a wholly owned Maryland subsidiary (the “Merger”). In addition, the Company's Board of Directors has declared a special distribution on its shares of common stock in an aggregate amount of $55.8 million, or approximately $11.83 per share (the “Special Distribution”), payable in cash and shares of the Company's common stock.

CTO Realty Growth Announces Successful Shareholder Vote in Connection With REIT Conversion and Declares $55.8 Million Special Distribution

CTO Realty Growth's (CTO) CEO John Albright on Q3 2020 Results - Earnings Call Transcript

CTO Realty (CTO) delivered earnings and revenue surprises of -226.92% and 8.07%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

CTO Realty (CTO) Reports Q3 Loss, Tops Revenue Estimates

DAYTONA BEACH, Fla., Oct. 28, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company” or “CTO”) announced today that its Board of Directors has authorized, and the Company has declared, an increase in the Company's quarterly cash dividend to $1.00 per share of common stock for the fourth quarter of 2020 from its previous quarterly cash dividend of $0.40 per share of common stock. The dividend is payable on November 30, 2020 to shareholders of record as of the close of business on November 16, 2020. The 2020 fourth quarter cash dividend represents a 150% increase over the Company's previous quarterly dividend and an annualized yield of approximately 9.5% based on the closing price of the common stock on October 27, 2020.

CTO Realty Growth Increases Quarterly Dividend by 150%, Declares Dividend for the Fourth Quarter 2020

CTO Realty (CTO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate CTO Realty (CTO) to Report a Decline in Earnings: What to Look Out for

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DAYTONA BEACH, Fla., Oct. 07, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) today announced that it plans to release its third quarter 2020 operating results after the market closes on Wednesday, October 28, 2020. A conference call to present the operating results is scheduled for Thursday, October 29, 2020 at 9:00 a.m. eastern time (the “Earnings Call”). The Company plans to release its third quarter 2020 investor presentation in advance of the Earnings Call.

CTO Realty Growth Announces Date of Third Quarter 2020 Earnings Release and Earnings Call

DAYTONA BEACH, Fla., Oct. 01, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) today announced that it will hold a special meeting of shareholders (the “Special Meeting”) on Monday, November 9, 2020 at 2:00 p.m., Eastern Time for a vote in connection with the Company’s recently-announced REIT conversion. The Special Meeting will be conducted virtually on the Internet at www.meetingcenter.io/243211225 .

CTO Realty Growth Board Announces Special Meeting of Shareholders for Vote in Connection With REIT Conversion

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CTO Realty Growth Is Poised To Profit

DAYTONA BEACH, Fla., Sept.  28, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the acquisition of an approximately 108,000 square foot retail property in Hialeah, Florida (the “Property”) for $21 million, or approximately $194 per square foot. The Property is situated on approximately 8 acres and is master-leased to a national retail developer (“Master Tenant”). The property, which serves a 3-mile population of over 225,000, is occupied by Aldi, Ross Dress for Less (S&P rated: BBB+), Bed, Bath & Beyond and dd’s Discount (S&P rated: BBB+). The 25-year master lease has an initial investment yield within the range of the 2020 Guidance and includes annual rental rate escalations as well as certain future purchase rights by the Master Tenant. The transaction was purchased through a 1031 like-kind exchange using the remaining approximately $12 million of the Company’s restricted cash generated from previously announced property dispositions with the balance of the acquisition funded with the Company’s line of credit.

CTO Realty Growth Announces Purchase of 106,000 Square Foot Grocery-Anchored Retail Property in Hialeah, Florida for $21 Million

DAYTONA BEACH, Fla., Sept.  10, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of a property located in Jacksonville, Florida leased to PDQ (“PDQ”), for a sales price of approximately $2.5 million, reflecting an exit cap rate of approximately 6.1%. The property is currently under a ground lease to PDQ with 6.9 years remaining on the initial term of the lease. The proceeds are expected to be part of a future Section 1031 like-kind exchange. The Company estimates a gain on the sale of approximately $128,000, or $0.02 per share, after tax. Including this transaction, the Company has over $12 million of proceeds held in 1031 restricted cash accounts. Year to date, the Company has completed the sale of seven single-tenant net lease properties and one multi-tenant retail property, for an aggregate sales price of more than $51 million.

CTO Realty Growth Announces Sale of PDQ in Jacksonville, Florida for Approximately $2.5 Million

DAYTONA BEACH, Fla., Sept.  03, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) announced today that its Board of Directors has unanimously approved a plan for the Company to elect to be subject to tax as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with its taxable year ending December 31, 2020. The move is the latest step by the Company to further its ownership and investment focus primarily on commercial real estate assets in various sectors, including retail and office, and to position itself for growth.

CTO Realty Growth Board Approves Reorganization for Reit Qualification

DAYTONA BEACH, Fla., Aug.  24, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the acquisition of an approximately 120,000 square foot single-tenant office property in Tampa, Florida (the “Property”) for approximately $26.9 million, or approximately $223 per square foot. The Property is situated on approximately 12 acres and is 100% leased to Ford Motor Credit Company LLC (“Ford”), the only tenant to have occupied the building since it was built by Highwoods in 1998. The property is four stories and has a parking ratio of over 7 per 1,000 square feet of space. The lease with Ford was recently extended through March 2026. The initial investment yield is approximately 8.4%, which is above the high end of the Company’s 2020 guidance. The transaction was purchased through a 1031 like-kind exchange using approximately $27 million of the approximately $37 million of the Company’s restricted cash generated from previously announced property dispositions that were sold at an average cap rate of approximately 4.5%.  

CTO Realty Growth Announces Purchase of 120,000 Square Foot Office Property Leased to Ford Motor Credit Company in Tampa, Florida and August Contractual Base Rent Collections Update

DAYTONA BEACH, Fla., Aug.  11, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of approximately 98 acres (the “Parcel”), for $2.8 million, or approximately $28,500 per acre, to JTD Land Company, LLC (“JTD Land”), a real estate developer with operations and developments Florida. The Parcel was sold to JTD Land by the venture that was formed in October 2019 when the Company sold its controlling interest in the entity that owned the Company’s remaining land portfolio (the “Land JV”). The proceeds from the sale of the Parcel will be distributed in accordance with the distribution priority in the applicable operating agreement of the Land JV. CTO has a retained interest in the Land JV.

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