Welcome to our dedicated page for Cto Realty Growth news (Ticker: CTO), a resource for investors and traders seeking the latest updates and insights on Cto Realty Growth stock.
CTO Realty Growth Inc (NYSE: CTO) operates as a diversified real estate investment trust with a national portfolio of income-generating properties. This page serves as the definitive source for official company announcements, financial disclosures, and strategic developments.
Investors and analysts will find curated access to earnings reports, acquisition announcements, management updates, and operational milestones. Our news collection provides timestamped records of all press releases alongside third-party analysis for comprehensive due diligence.
Key updates include quarterly financial results, property portfolio expansions, leadership changes, and market positioning strategies. All content is sourced directly from company filings or reputable financial publications to ensure accuracy.
Bookmark this page for streamlined tracking of CTO's performance within the commercial real estate sector. Combine our news archive with SEC filings and investor relations materials for complete market analysis.
CTO Realty Growth (NYSE: CTO) has announced the partial extinguishment of its 3.875% Convertible Senior Notes due April 15, 2025. The company has entered into privately negotiated exchange agreements to convert $35.2 million of the Notes into 1,089,555 newly issued common shares and $29.0 million in cash, including $0.6 million in accrued interest.
Prior to the exchange, the Notes had an aggregate principal amount of $51.0 million, representing approximately 3.8 million underlying shares. Following the transaction, $15.8 million in Notes remain outstanding, scheduled for cash settlement at maturity. CTO estimates the final cash settlement to be around $22 million, though the actual amount will depend on the conversion ratio and volume weighted average stock price during the settlement period.
The exchange was executed under Section 4(a)(2) of the Securities Act of 1933, with Truist Securities and ICR Capital serving as financial advisors. After this transaction, CTO's total outstanding common shares stand at 32,936,967 as of April 3, 2025.
CTO Realty Growth (NYSE: CTO) has announced it will release its first quarter 2025 financial and operating results after market close on Thursday, May 1, 2025. The company will host a conference call to discuss these results on Friday, May 2, 2025, at 9:00 AM ET.
Participants are encouraged to register and join the conference call fifteen minutes before the scheduled start time. The call will be accessible via webcast on the company's Investor Relations webpage at ctoreit.com, with a replay available afterward.
CTO Realty Growth specializes in owning and operating high-quality, open-air shopping centers in the Southeast and Southwest United States. The company also maintains an external management role and significant ownership interest in Alpine Income Property Trust (NYSE: PINE).
CTO Realty Growth (NYSE: CTO) has acquired Ashley Park, a 559,000-square-foot lifestyle center in Atlanta's Newnan submarket, for $79.8 million. The purchase represents a high-end cap rate within the company's current guidance range for initial cash yields.
The acquisition increases CTO's total portfolio by 12% to 5.2 million square feet. The property is 93% occupied and anchored by major retailers including Dick's Sporting Goods, Best Buy, Barnes & Noble, Regal, and Dillard's. Located along I-85 south of Hartsfield-Jackson Airport, the 60-acre center attracts over 6 million visits annually.
Following this acquisition, approximately 82% of CTO's annual base rent now comes from assets in Georgia, Florida, Texas, or North Carolina. The company sees potential for long-term value creation through strategic lease-up and mark-to-market rent opportunities, as the property was acquired below replacement cost with below-market rents.
CTO Realty Growth reported its Q4 and full-year 2024 results, highlighting $330.8 million in investments at a 9.3% weighted average initial cash yield. The company raised $165.2 million through its common ATM program and maintains a signed-not-open pipeline of $5.2 million.
Key 2024 metrics include: Core FFO of $1.88 per diluted share, AFFO of $2.00 per diluted share, and a net loss of $(0.35) per share. The company completed $330.8 million in investments, including six retail properties totaling 1.3 million square feet and three first mortgage structured investments. Same-Property NOI increased 4.0% to $60.4 million.
For 2025, CTO projects investments between $100-200 million at 8.0-8.5% initial cash yield, with Same-Property NOI growth of approximately 1%. The company declared a Q1 2025 dividend of $0.38 per common share, representing a 7.5% annualized yield.
CTO Realty Growth (NYSE: CTO) has announced its schedule for reporting fourth quarter and full year 2024 financial results. The company will release its earnings report after market close on Thursday, February 20, 2025, followed by a conference call on Friday, February 21, 2025 at 9:00 AM ET.
The conference call will be accessible via webcast on the company's Investor Relations website and through a dial-in option available upon registration. Participants are advised to join the call fifteen minutes before the scheduled start time. CTO Realty Growth specializes in operating high-quality, open-air shopping centers in the Southeast and Southwest United States, and manages Alpine Income Property Trust (NYSE: PINE).
CTO Realty Growth (NYSE: CTO) has acquired Granada Plaza in Dunedin, Florida for $16.8 million. The 74,000 square-foot shopping center is anchored by Publix and is currently 95% occupied. This marks CTO's second grocery-anchored property in the Tampa market.
The acquisition strengthens CTO's portfolio, with grocery-anchored shopping centers now representing approximately 22% of annual base rent. Florida becomes the company's second-largest state by revenue, contributing about 20% of annual base rent. Publix becomes CTO's sixth-largest tenant.
Year-to-date, CTO has completed $330.7 million of investments at a weighted average yield of 9.3%, comprising $226.7 million in retail properties and $104.0 million in structured investments.
CTO Realty Growth has declared quarterly dividends for Q4 2024. The company announced a $0.38 per share cash dividend for common stock, representing an annualized yield of 7.8% based on the November 18, 2024 closing price. Additionally, a $0.39844 per share dividend was declared for its 6.375% Series A Cumulative Redeemable Preferred Stock. Both dividends will be paid on December 31, 2024, to stockholders of record as of December 12, 2024. CTO operates high-quality, open-air shopping centers in the Southeast and Southwest US markets.
CTO Realty Growth has originated a $40.2 million first mortgage loan for the development of an 80,000 sq ft retail center in Forsyth County, Georgia, anchored by a 35,500 sq ft Whole Foods Market. The loan has an initial term of thirty months with a fixed interest rate of 12.15%. CTO funded $3.2 million at closing, with potential borrowings up to $40.2 million, though anticipated loan needs may reduce to $25 million. The new development is adjacent to CTO's 561,000 sq ft shopping center, The Collection at Forsyth. CTO holds a right of first refusal to purchase the new retail center. CEO John P. Albright highlighted the strategic benefits of the investment for The Collection at Forsyth.
CTO Realty Growth reported strong Q3 2024 results with Net Income per diluted share of $0.17, Core FFO of $0.50 per share (up 6.4% YoY), and AFFO of $0.51 per share (up 6.3% YoY). The company raised $125.7M through ATM offering and secured a new $100M term loan at 4.7% interest. Notable investments included $191.3M in acquisitions and structured investments at 9.5% weighted average yield. Same-Property NOI increased 6.3% to $16.8M. The company increased full-year guidance, projecting Core FFO of $1.83-$1.87 and AFFO of $1.96-$2.00 per diluted share.
CTO Realty Growth (NYSE: CTO) provided a business update for Q3 and YTD 2024. Key highlights include:
1. Investment activity of $191.3 million in Q3, totaling $273.8 million YTD at a 9.1% weighted average yield.
2. Originated a $43.8 million first mortgage loan with an 11% initial fixed interest rate.
3. Issued 6.9 million common shares under ATM program, raising $125.7 million.
4. Closed a new $100 million unsecured term loan with an initial 4.7% fixed interest rate.
5. Ended Q3 with 29,971,538 common shares outstanding and $200 million available under revolving credit facility.
The company will provide updated investment guidance when reporting full Q3 results on October 24, 2024.
