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.

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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.

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Meme stocks such as GameStop and AMC are making a comeback, but analysts are skeptical about their longevity. Real estate investment trusts are being touted as a sustainable investment option with potential for profit. Cohen & Steers' research highlights that REITs have outperformed stocks and bonds in periods of lower yields and growth, and their valuations are below historical medians.

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CTO's Q1 2024 results show promising developments in backfilling vacancies, strong rent growth, and a return to growth trajectory. New leases, including backfills of key vacancies from bankrupt tenants, will begin to flow through later this year and into 2025. We maintain our Buy rating and target price of ~$23/share (n.b., 32% upside, plus ~9% yield).

CTO Realty Growth: Sun Is Still Shining, We're Still Buying

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CTO's dividend yield at 8.9% is 137% covered by its first-quarter adjusted FFO. The REIT is trading at a low 9.6x multiple of the midpoint of its AFFO guidance range.

CTO Realty Growth: A 9% Dividend Yield From Sun Belt Retail Properties

CTO Realty Growth, Inc. (NYSE:CTO ) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Lisa Vorakoun - Senior Vice President, Chief Accounting Officer and Interim Chief Financial Officer and Treasurer John Albright - Chief Executive Officer and President Conference Call Participants Gopal Mehta - Alliance Global Partners Rob Stevenson - Janney Montgomery and Scott R.J. Milligan - Raymond James Matthew Erdner - Jones Trading John Massocca - B.

CTO Realty Growth, Inc. (CTO) Q1 2024 Earnings Call Transcript

CTO Realty (CTO) came out with quarterly funds from operations (FFO) of $0.52 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to FFO of $0.43 per share a year ago.

CTO Realty (CTO) Q1 FFO and Revenues Surpass Estimates

WINTER PARK, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter ended March 31, 2024.

CTO Realty Growth Reports First Quarter 2024 Operating Results

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WINTER PARK, Fla., April 04, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (“CTO” or the “Company”) today announced the pricing of a public offering of 1,500,000 additional shares of the Company's 6.375% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), liquidation preference $25.00 per share, at a public offering price of $20.00 per share. CTO will receive gross proceeds of $30,000,000 from the sale of the Series A Preferred Stock before deducting the underwriting discount and other estimated offering expenses. The Company also granted the underwriters a 30-day option to purchase up to an additional 225,000 shares of the Series A Preferred Stock to cover over-allotments, if any. The additional shares of Series A Preferred Stock constitute an additional issuance of shares of Series A Preferred Stock, with 2,978,808 shares of Series A Preferred Stock currently issued and outstanding (the “Outstanding Series A Preferred Stock”) (which reflects the previous repurchase by the Company of 21,192 shares of Series A Preferred Stock). The Series A Preferred Stock will be treated as a single series with and have the same terms as the Outstanding Series A Preferred Stock. The Outstanding Series A Preferred Stock is, and the Series A Preferred Stock sold in the offering will be, listed on the New York Stock Exchange under the ticker symbol “CTO PrA.” The offering is expected to close on April 11, 2024, subject to customary closing conditions.

CTO Realty Growth Announces Pricing of Public Offering of 6.375% Series A Cumulative Redeemable Preferred Stock

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WINTER PARK, Fla., April 03, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (“CTO” or the “Company”) today announced the commencement of a public offering of additional shares of the Company's 6.375% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) with a $25.00 per share liquidation preference. The additional shares of Series A Preferred Stock constitute an additional issuance of shares of Series A Preferred Stock, with 2,978,808 shares of Series A Preferred Stock currently issued and outstanding (the “Outstanding Series A Preferred Stock”) (which reflects the previous repurchase by the Company of 21,192 shares of Series A Preferred Stock). The Series A Preferred Stock will be treated as a single series with and have the same terms as the Outstanding Series A Preferred Stock.

CTO Realty Growth Announces Commencement of Public Offering of 6.375% Series A Cumulative Redeemable Preferred Stock

WINTER PARK, Fla., March 27, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE: CTO) (the “Company”) announced today that it will report its financial and operating results for the first quarter of 2024 after the market closes on Thursday, May 2, 2024. A conference call to discuss its financial and operating results is scheduled for Friday, May 3, 2024 at 9:00 AM ET.

CTO Realty Growth Announces First Quarter 2024 Earnings Release and Conference Call Information

CTO Realty's (CTO) latest acquisition of a multi-tenant retail power center in a prime location and with strong community ties marks a strategic buy.

CTO Realty (CTO) Expands With Retail Power Center in Orlando

CTO Realty's (CTO) latest disposition showcases the company's commitment to enhancing its financial position and focusing on core assets.

CTO Realty (CTO) Sells Mixed-Use Asset to Boost Core Properties

WINTER PARK, Fla., March 19, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced the closing of the sale of its mixed-use property totaling approximately 136,000 square feet in downtown Santa Fe, New Mexico (the “Property”). The Property was sold for approximately $20.0 million, representing an exit cap rate within the range of the Company's current guidance for disposition cash yields and generating a gain on sale of approximately $4.6 million.

CTO Realty Growth Announces Sale of Mixed-Use Property in Santa Fe, New Mexico for $20.0 Million

CTO Realty's (CTO) impressive leasing performance extends beyond the current year, as evidenced by its accomplishments in the fourth quarter and full-year 2023.

CTO Realty (CTO) Sees Healthy Leasing Activity Year to Date

WINTER PARK, Fla., March 11, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today provided an update on its recent leasing activities:

CTO Realty Growth Provides Year-To-Date Leasing Update

CTO Realty Growth announced today that its SVP, CFO and Treasurer, Matthew M. Partridge, has resigned from the Company, effective as of April 1, 2024.

CTO Realty Growth Announces Chief Financial Officer Transition

CTO's Q4 earnings report exceeded our expectations, leading us to upgrade to Buy.

CTO Realty Growth: Back In Growth Mode

CTO Realty Growth, Inc (CTO) Q4 2023 Earnings Call Transcript

WINTER PARK, Fla., Feb. 22, 2024 (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, 2023.

CTO Realty Growth Reports Fourth Quarter And Full Year 2023 Operating Results

WINTER PARK, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.38 per share of common stock for the first quarter of 2024 (the “Common Stock Cash Dividend”). The Common Stock Cash Dividend represents an annualized yield of approximately 9.3% based on the closing price of the Company's common stock on February 16, 2024.

CTO Realty Growth Declares Dividends For the First Quarter 2024

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CTO Realty Growth's common shares are down 12% in the past year, trading at 8.8x its adjusted FFO. The REIT owns mainly retail properties and earns a fee as the external manager of Alpine Income Property. CTO's balance sheet is conservatively structured with staggered debt maturities, but occupancy at 89.6% needs to be improved.

CTO Realty Growth: Why I'm Buying This 9% Dividend Yield

News for CTO Realty Growth Stock (CTO)