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 (NYSE: CTO) will report its Q1 2023 financial results on April 27, 2023, after market close. A conference call to discuss these results is scheduled for April 28, 2023, at 9:00 AM ET. Stakeholders can access the call via a live webcast available on the Company's website. CTO Realty Growth focuses on retail-based properties in high-growth U.S. markets and also manages a significant interest in Alpine Income Property Trust (NYSE: PINE). The event is part of the Company's commitment to transparency and communication with investors.
CTO Realty Growth, Inc. (NYSE: CTO) provided an operational update on March 7, 2023. The company signed 17 leases totaling 131,793 square feet this year, achieving an average cash base rent of $20.69 per square foot, with a 7.7% increase compared to previous rates. CTO announced notable new leases with major brands and transitioned its retail interest in The Exchange at Gwinnett to ownership for $17.1 million. Additionally, the company granted a $15 million mortgage for Founders Square in Dallas. More details can be found in their updated Investor Presentation on their website.
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