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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.

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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, 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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CTO Realty Growth, Inc. announced its operating results for Q3 2023. Net Income per diluted share was $0.07, Core FFO per diluted share was $0.47, and AFFO per diluted share was $0.48. The company sold two properties for $20.9 million and reported a decrease in Same-Property NOI of (4.5%). They also increased full-year Core FFO per diluted share guidance by 4.9% and full-year AFFO per diluted share guidance by 4.5%.
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CTO Realty Growth, Inc. announces sale of Reston Metro Center II for $18.5 million, generating a gain on sale of $1.3 million.
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CTO Realty Growth (NYSE: CTO) will report Q3 2023 financial and operating results on October 26, 2023. Conference call scheduled for October 27, 2023 at 9:00 AM ET.
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CTO Realty Growth, Inc. declares quarterly cash dividends for Q3 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 $19.01 as of February 21, 2025.

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

The market cap of Cto Realty Growth (CTO) is approximately 605.8M.

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.
Cto Realty Growth Inc

NYSE:CTO

CTO Rankings

CTO Stock Data

605.82M
27.04M
9.22%
72.4%
7.04%
REIT - Diversified
Real Estate Investment Trusts
Link
United States
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