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) is a Florida-based real estate investment trust (REIT) that focuses on owning and operating a diversified portfolio of high-quality income properties across the United States. With properties totaling approximately 2.7 million square feet, CTO Realty Growth's strategically located assets span across 15 states, contributing to a geographically varied investment portfolio designed for consistent earnings.
The company’s core business includes income properties, management services, and commercial loan and investment activities. CTO Realty Growth aims to maximize shareholder value through the strategic acquisition, development, and management of income-producing properties. The company’s portfolio includes retail-based properties positioned primarily in high-growth markets, ensuring robust revenue streams and stability.
One of CTO Realty Growth's strategic assets is its significant land holdings, including approximately 5,300 acres in the Daytona Beach area, which provides potential for future development and value appreciation. Additionally, CTO externally manages and owns a notable interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT, further diversifying its investment and revenue opportunities.
Recent achievements for CTO Realty Growth include the expansion of its income property portfolio and maintaining a strong financial position. The company continues to distribute regular dividends to shareholders, reflecting its commitment to providing steady returns.
For those looking to stay updated on CTO Realty Growth's latest performance, financial information, and developments, we encourage you to review their latest investor presentation and financial supplements available on their website at www.ctoreit.com.
CTO Realty Growth announced the appointment of Philip R. Mays as the new Senior Vice President, Chief Financial Officer, and Treasurer, effective June 17, 2024. Mays brings extensive experience from previous roles, including Chief Financial Officer at Shadowbox Studios and Cedar Realty Trust. He will also serve in a similar position at Alpine Income Property Trust. This strategic move aims to leverage Mays's expertise in public REITs to drive growth and strengthen financial management. Mays holds a Bachelor of Science in Accounting and Finance from Jacksonville University and is a member of the American Institute of Certified Public Accountants.
CTO Realty Growth (NYSE: CTO) has issued a correction regarding the ex-dividend date for its second quarter dividends in 2024. The new ex-dividend date is June 13, 2024, a change from the previously announced June 12, 2024. This correction applies to dividends on both the common stock and Series A Preferred Stock of the company. All other dividend details remain unchanged. CTO Realty Growth owns and operates retail properties in high-growth U.S. markets and has a notable stake in Alpine Income Property Trust (NYSE: PINE). Investors are encouraged to review the latest financial presentations on the company's website.
CTO Realty Growth (NYSE: CTO) has declared a quarterly cash dividend of $0.38 per share of common stock for Q2 2024. This represents an annualized yield of approximately 8.7% based on the stock's closing price on May 24, 2024. The dividend is payable on June 28, 2024, to shareholders of record as of June 13, 2024, with an ex-dividend date of June 12, 2024.
Additionally, CTO declared a quarterly cash dividend of $0.39844 per share for its 6.375% Series A Cumulative Redeemable Preferred Stock, also payable on June 28, 2024, to shareholders of record as of June 13, 2024.
CTO Realty Growth is a publicly traded real estate investment trust owning and managing retail properties in high-growth U.S. markets. They also manage and hold a significant interest in Alpine Income Property Trust (NYSE: PINE).
CTO Realty Growth, Inc. reported strong operating results for the first quarter of 2024, with significant increases in net income, Core FFO, and AFFO. The company made strategic property acquisitions, increased leasing activities, and raised its full-year guidance. The CEO expressed satisfaction with the performance and highlighted positive leasing momentum.
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