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

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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., Aug.  05, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of a property located in Austin, Texas leased to Carrabba’s Italian Grill (“Carrabba’s”), for a sales price of approximately $2.5 million, reflecting an exit cap rate of approximately 6.4%. The property is currently under an absolute net lease to Carrabba’s with approximately 11 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 loss on the sale of approximately $94,000, or $0.02 per share, after tax. With the closing of this transaction, the Company has over $36 million of proceeds held in 1031 restricted cash accounts. Year to date, the Company has completed the sale of six single-tenant net lease properties and one multi-tenant retail property, for an aggregate sales price of more than $49 million.

CTO Realty Growth Announces Sale of Carrabba’s Italian Grill in Austin, Texas for $2.5 Million

CTO Realty Growth, Inc. (CTO) CEO John Albright on Q2 2020 Results - Earnings Call Transcript

DAYTONA BEACH, Fla., July  29, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced that the Company’s Board of Directors declared a quarterly dividend of $0.40 per share payable on August 31, 2020, to shareholders of record on August 17, 2020.

CTO Realty Growth Announces a 60% Increase for Third Quarter 2020 Dividend of $0.40 Per Share

DAYTONA BEACH, Fla., July  29, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) today announced its operating results and earnings for the quarter ended June 30, 2020.

CTO Realty Growth, Inc. Reports Second Quarter 2020 Net Income of $2.71 Per Share, Including a $1.30 Unrealized Gain on Mark to Market of PINE Shares, and Announces Pursuit of REIT Conversion

DAYTONA BEACH, Fla., July  23, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of its Wawa ground lease located in Jacksonville, Florida, for a sales price of approximately $7.1 million, reflecting an exit cap rate of approximately 4.9%. The property is currently under a 17-year ground lease to Wawa. The proceeds are expected to be part of a future Section 1031 like-kind exchange. The Company’s estimated gain on the sale is approximately $246,000, or $0.04 per share, after tax. With the closing of this transaction, the Company has over $34 million of proceeds held in 1031 restricted cash accounts. Year to date, the Company has completed the sale of five single-tenant net lease properties and one multi-tenant retail property, for an aggregate sales price of more than $46 million.

CTO Realty Growth Announces Sale of Wawa Ground Lease in Jacksonville, Florida For $7.1 Million

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.

CTO Realty (CTO) Earnings Expected to Grow: Should You Buy?

DAYTONA BEACH, Fla., July  20, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) today announced that it plans to release its second quarter 2020 operating results after the market closes on Wednesday, July 29, 2020. A conference call to present the operating results is scheduled for Thursday, July 30, 2020 at 9:00 a.m. eastern time (the “Earnings Call”). The Company plans to release its second quarter 2020 investor presentation in advance of the Earnings Call.

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

DAYTONA BEACH, Fla., July  14, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the following three land sales transactions representing a total of approximately 3,110 acres and generating aggregate sales proceeds of approximately $42 million ( the “Land Sales”) to the Land Joint Venture that was formed in October 2019 (the “Land JV”):

CTO Realty Growth Announces 3 Land Sale Transactions by Land JV, Including $40.9 Million Transaction to Affiliates of SITEX Properties USA

Earnings Preview: CTO Realty (CTO) Q2 Earnings Expected to Decline

DAYTONA BEACH, Fla., July  02, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company” or “CTO”) today announced that its Senior Vice President and Chief Financial Officer, Mark E. Patten, is leaving the Company to join a publicly-traded REIT as its Chief Financial Officer. To ensure a smooth transition, Mr. Patten will work with the Company through the conclusion of the Company’s reporting for the second quarter ended June 30, 2020.  The Company has begun its search for a new Chief Financial Officer.

CTO Realty Growth Announces Chief Financial Officer Transition

DAYTONA BEACH, Fla., June  30, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of its two-tenant, non-gas 7-Eleven property located in Dallas, Texas, for a sales price of approximately $2.4 million, reflecting an exit cap rate of approximately 6.08%.

CTO Realty Growth Announces Sale of Two Income Properties for $11.4 Million

DAYTONA BEACH, Fla., June  18, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of its Chase Bank ground lease located in Jacksonville, Florida, for a sales price of approximately $6.7 million, reflecting an exit cap rate of approximately 4.15%. The property is currently under a 17-year ground lease to Chase Bank. The Company was advised by Stream Capital Partners on the transaction. The proceeds are expected to be part of a future Section 1031 like-kind exchange. The Company’s estimated gain on the sale is approximately $1.9 million, or $0.31 per share, after tax. With the closing of this transaction, the Company has more than $16.0 million of proceeds held in 1031 restricted cash accounts.

CTO Realty Growth Announces Sale of Chase Bank Ground Lease in Jacksonville, Florida for $6.7 Million

DAYTONA BEACH, Fla., June  01, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the sale of four of its commercial loan investments in two separate transactions generating aggregate proceeds of approximately $20.0 million and resulting in a loss of approximately $344,000, or approximately $0.06 per share, after tax. 

CTO Realty Growth Announces Sale of Commercial Loan Investments and Repurchase of $5 Million of Convertible Notes

DAYTONA BEACH, Fla., May  11, 2020  (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that the shareholders of the Company, at its annual meeting on April 29, 2020, approved the change in the Company’s name to CTO Realty Growth, Inc. (“CTO”). The name change becomes effective today, May 11, 2020, including for all filings with the Securities & Exchange Commission and the Company’s listing on the New York Stock Exchange. 

Consolidated Tomoka Announces Name Change to CTO Realty Growth, Inc.

BBX Capital Corporation

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Howard Hughes

If the pandemic doesn't last too long, or if we can find a vaccine/cure sooner rather than later, there could be a quick and sharp snapback.

The Housing Market Slowdown Is Not a Crash: Here's Why

Consolidated-Tomoka (CTO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Consolidated-Tomoka (CTO) Moves to Strong Buy: Rationale Behind the Upgrade

Consolidated-Tomoka Land Co. (CTO) CEO John Albright on Q1 2020 Results - Earnings Call Transcript

DAYTONA BEACH, Fla., April  30, 2020  (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the election results of the Company’s 2020 Annual Meeting of Shareholders (the “2020 Annual Meeting”) that was held on April 29, 2020 at the Company’s corporate office at 1140 N. Williamson Blvd., Suite 140, Daytona Beach, Florida. The Company’s shareholders have re-elected John P. Albright, George R. Brokaw, Laura M. Franklin, R. Blakeslee Gable, Christopher W. Haga, Howard C. Serkin, and Casey R. Wold to serve as members of the Company’s board of directors (the “Board”) until the 2021 Annual Meeting of Shareholders, expected to occur in April 2021. In addition, the Company’s shareholders took the following actions at the 2020 Annual Meeting:

Consolidated Tomoka Announces Final Results of the 2020 Annual Meeting of Shareholders

DAYTONA BEACH, Fla., April  29, 2020  (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that the Company’s Board of Directors declared a quarterly dividend of $0.25 per share payable on May 29, 2020, to shareholders of record on May 11, 2020.

Consolidated-Tomoka Announces Second Quarter 2020 Dividend of $0.25 Per Share

Consolidated-Tomoka (CTO) delivered earnings and revenue surprises of -214.29% and 4.21%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Consolidated-Tomoka (CTO) Reports Q1 Loss, Tops Revenue Estimates

DAYTONA BEACH, Fla., April  24, 2020  (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of its CVS ground lease located in downtown Dallas, Texas, for a sales price of $15.2 million, reflecting an exit cap rate of 4.50%.  The Company was represented by The Mansour Group of Marcus & Millichap.  Approximately $10.4 million of the proceeds received from the sale constituted the completion of a Section 1031 like-kind exchange into the recently-purchased Perimeter Place asset in Atlanta, Georgia.  The remaining proceeds are expected to be part of a future Section 1031 like-kind exchange.  The Company’s estimated gain on the sale is approximately $0.8 million, or $0.13 per share after tax.

Consolidated Tomoka Announces Sale of CVS Ground Lease in Downtown Dallas, Texas for $15.2 Million

Consolidated-Tomoka (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 Consolidated-Tomoka (CTO) to Report a Decline in Earnings: What to Look Out for

Forestar Group

Near-Term Outlook Bright for Real Estate Development Industry

DAYTONA BEACH, Fla., March  03, 2020  (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of  approximately 12 acres, which consisted of a land sale and conveyance of certain interests (the “Equinox Land Sale”), for $4.5 million, or approximately $375,000 per acre, to Equinox Development (“Equinox”). Equinox a Maitland, Florida based real estate developer has operations and developments in Florida, North Carolina, South Carolina and Tennessee. The Equinox Land Sale was completed by the venture that was formed in October 2019 when the Company sold the controlling interest in the entity that held the remaining land portfolio (the “Land JV”). The proceeds from the Equinox Land Sale will be distributed in accordance with the distribution priority of the Land JV. In conjunction with the Equinox Land Sale, the Company provided Equinox an approximately $3.4 million one-year first mortgage loan.

Consolidated Tomoka Announces Sale of 12 Acres for $4.5 Million by Land JV

DAYTONA BEACH, Fla., Feb.  21, 2020  (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of Perimeter Place (“Perimeter”), an approximately 269,000 square foot retail center situated on over 24 acres of land in Atlanta, Georgia, for $75.4 million, representing a going-in cap rate within the range of the Company’s previously provided guidance. The weighted average lease term for the leases of all 42 tenants at Perimeter is approximately 3.6 years. Perimeter is in the Central Perimeter submarket which has approximately 29 million square feet of office space and employment levels of more than 132,000 people. Perimeter is 80% leased and anchored by SuperTarget (not a part of the Company’s acquisition), Ross Dress for Less and Michaels along with a variety of restaurants such as Fleming’s Prime Steakhouse & Wine Bar, Chipotle, Panera, Outback Steakhouse and Carrabba’s. The three-mile population is approximately 110,000 with an average household income of over $92,000. Perimeter is located approximately 1-mile from the 1.5 million square foot Perimeter Mall owned by Brookfield Properties and approximately 1.5 miles from the new State Farm campus that is projected to employ approximately 8,000 people by the end of 2020. Perimeter will be managed by CBRE and leased by JLL on behalf of the Company.

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