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CTO Realty Growth, Inc. - CTO STOCK NEWS

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.

News

CTO Realty Growth Provides Year-To-Date Leasing Update

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CTO Realty Growth, Inc. (CTO) provided an update on its leasing activities, signing 16 leases totaling 112,480 square feet year-to-date. The company achieved a significant 89% comparable growth in cash base rent, signing leases at an average of $27.49 per square foot. CTO also secured a 45,000 square foot lease with a regional fitness tenant in Apex, NC, and signed new leases with prominent brands like Altar’d State, Bath & Body Works, and Occidental Petroleum.
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CTO Realty Growth Announces Chief Financial Officer Transition

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CTO Realty Growth, Inc. announces the resignation of CFO Matthew M. Partridge to pursue new opportunities outside the REIT industry. The company is searching for a new CFO to ensure a smooth transition.
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CTO Realty Growth Reports Fourth Quarter And Full Year 2023 Operating Results

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CTO Realty Growth, Inc. announced its operating results for the quarter and year ended December 31, 2023. Key highlights include reported net income per diluted share of $0.03, Core FFO per diluted share of $1.77, and AFFO per diluted share of $1.91. The company invested in retail property acquisitions, originated first mortgages, and sold income properties. Despite a decrease in Same-Property NOI, the company signed comparable leases and repurchased shares. CEO John P. Albright highlighted strong operational performance and strategic initiatives for future growth.
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CTO Realty Growth Declares Dividends For the First Quarter 2024

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CTO Realty Growth, Inc. (NYSE: CTO) declares a quarterly cash dividend of $0.38 per share for common stock and $0.39844 per share for preferred stock for the first quarter of 2024, with an annualized yield of approximately 9.3% for common stock.
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CTO Realty Growth Announces Fourth Quarter 2023 Earnings Release And Conference Call Information

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CTO Realty Growth (NYSE: CTO) will report its financial and operating results for the fourth quarter and full year 2023 on February 22, 2024, followed by a conference call on February 23, 2024. The live webcast and call details are available on the Investor Relations page of the Company’s website. Participants are encouraged to register and dial into the conference call at least fifteen minutes ahead of the scheduled start time.
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CTO Realty Growth Announces 2023 Transaction and Leasing Activity and Provides Share Repurchase Update

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CTO Realty Growth, Inc. (NYSE: CTO) announced its 2023 investment, disposition, and leasing activities, including acquiring retail properties and land parcels, generating gains from property sales, and signing numerous leases. The company also provided a capital markets update, including share repurchases and preferred stock repurchases.
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CTO Realty Growth Announces Sale of Single Tenant Office Property in Tampa, FL For $22.0 Million

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CTO Realty Growth, Inc. (NYSE: CTO) announced the closing of the sale of Sabal Pavilion, a 120,500 square foot single tenant office property in Tampa, Florida. The property was sold for $22.0 million, resulting in a loss on sale of approximately $0.7 million. Year-to-date, the company has sold nine properties for a total disposition volume of $87.1 million at a weighted average exit cap rate of 7.5%, generating gains on sales of $6.3 million. The company aims to complete its non-core property disposition program and reinvest the proceeds into higher growth, larger format retail, and mixed-use properties. The company expects to utilize the sales proceeds as part of a Section 1031 like-kind exchange and intends to use available proceeds to repay a portion of the outstanding balance under its revolving unsecured credit facility.
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CTO Realty Growth Announces Sale of Three Single Tenant Outparcels in Chandler, Arizona For $9.2 Million

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CTO Realty Growth, Inc. (NYSE: CTO) announced the sale of three single tenant outparcels in Chandler, Arizona for $9.2 million, with a weighted average exit cap rate of 5.9%. Year-to-date, the company has sold eight properties for $65.1 million at a 6.4% cap rate, generating gains on sales of $7.1 million. The sales proceeds were used in a Section 1031 like-kind exchange, repaying $64 million of debt under its unsecured revolving credit facility.
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CTO Realty Growth Announces Sale of Eastern Commons Shopping Center in Henderson, NV For $18.2 Million

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CTO Realty Growth, Inc. (CTO) announced the sale of Eastern Commons, a 129,600 square foot shopping center in Henderson, Nevada, for $18.2 million, resulting in a 7.4% exit cap rate and a gain of $1.7 million. The company plans to use the proceeds for a Section 1031 like-kind exchange and to repay part of its revolving unsecured credit facility. Currently, the company holds approximately $53.7 million in 1031 restricted cash accounts.
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CTO Realty Growth Declares Dividends for the Fourth Quarter 2023

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CTO Realty Growth, Inc. (CTO) declares a quarterly cash dividend of $0.38 per share of common stock for Q4 2023, representing an annualized yield of approximately 9.1%. Additionally, a quarterly cash dividend of $0.39844 per share of the Company’s 6.375% Series A Cumulative Redeemable Preferred Stock has been declared for Q4 2023.
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FAQ

What is the current stock price of CTO Realty Growth (CTO)?

The current stock price of CTO Realty Growth (CTO) is $19.47 as of December 20, 2024.

What is the market cap of CTO Realty Growth (CTO)?

The market cap of CTO Realty Growth (CTO) is approximately 586.9M.

What does CTO Realty Growth, Inc. do?

CTO Realty Growth, Inc. is a real estate investment trust that owns and operates a portfolio of high-quality income properties across the United States.

Where is CTO Realty Growth, Inc. based?

CTO Realty Growth, Inc. is based in Florida.

What types of properties does CTO Realty Growth, Inc. own?

The company owns retail-based properties and other income properties totaling approximately 2.7 million square feet across 15 states in the United States.

What is the significance of CTO Realty Growth's land holdings in Daytona Beach?

CTO Realty Growth owns approximately 5,300 acres of land in the Daytona Beach area, providing potential for future development and value appreciation.

How does CTO Realty Growth generate revenue?

CTO Realty Growth generates revenue through its income properties, management services, and commercial loan and investment activities.

Does CTO Realty Growth manage any other real estate investment trusts?

Yes, CTO Realty Growth externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT.

How can I find the latest financial information about CTO Realty Growth?

You can find the latest financial information on CTO Realty Growth's website at www.ctoreit.com, where they regularly update their investor presentations and financial supplements.

What is CTO Realty Growth's approach to dividends?

CTO Realty Growth is committed to providing steady returns to shareholders through regular dividend distributions.

In how many states does CTO Realty Growth own properties?

CTO Realty Growth owns properties in 15 states across the United States.

What are CTO Realty Growth's recent achievements?

Recent achievements include the expansion of its income property portfolio and maintaining a strong financial position.

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CTO Realty Growth, Inc.

NYSE:CTO

CTO Rankings

#2968 Ranked by Market Cap
#337 Ranked by Dividends

CTO Stock Data

586.93M
27.37M
8.57%
66.01%
3.15%
REIT - Diversified
Real Estate Investment Trusts
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United States of America
WINTER PARK