CTO Realty Growth

CTO Realty Growth, Inc. operates as a real estate company. It owns and manages commercial real estate properties. The company was founded in 1910 and is headquartered in Daytona Beach, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

CTO Realty Growth Achieves Record Growth in 2022, Eyes Strategic Acquisitions for Future Success

CTO Realty Growth's robust performance in 2022 sets a strong foundation for continued success in 2023. Despite challenges with certain tenants, the company remains focused on maximizing value and pursuing growth opportunities.

CTO Realty Growth excels in Q1 2023 with strategic growth initiatives

CTO Realty Growth's Q1 2023 earnings call highlighted strong performance, strategic investments, and a focus on shareholder value. The company's proactive approach to repositioning properties and utilizing tax-efficient strategies positions them well for future growth and capital optimization.

CTO Realty Growth reports active Q2 investments amidst financial challenges

CTO Realty Growth's Q2 showcased active investment and leasing strategies.
While facing challenges like expense increases and NOI decline, the company maintains a focus on optimizing its portfolio.
Opportunities lie in cost management, strategic investments, and revenue growth.
Overall, CTO Realty Growth aims to navigate short-term challenges for long-term value creation.

CTO Realty Growth excels in Q3, eyes growth amidst challenges

CTO Realty Growth's Q3 performance was marked by strong leasing activity, strategic dispositions, and increased guidance. While challenges persist in the uncertain market environment, the company remains focused on creating long-term value for shareholders and capitalizing on growth opportunities.

CTO Realty Growth excels in Q4 2023, poised for strategic growth

CTO Realty Growth delivered exceptional financial results in Q4 2023, exceeding expectations with significant core FFO and AFFO per share growth. The company's focus on retail properties, successful leasing activities, and strategic investments highlight a robust performance trajectory. While challenges in balancing investment needs and shareholder expectations exist, CTO Realty Growth's opportunities for growth and value creation remain promising.

CTO Realty Growth excels in Q1 2024, eyes growth opportunities

CTO Realty Growth demonstrated robust leasing activity, improved occupancy rates, and strong financial performance in Q1 2024.
The company's proactive leasing strategies and financial maneuvers have enhanced its position in the market.
While facing challenges in debt management and portfolio optimization, CTO Realty Growth is poised to capitalize on growth opportunities.
Investors should take note of the company's positive performance and strategic moves to navigate market challenges and drive future growth.

CTO Realty Growth excels in Q2, eyes expansion amid challenges

CTO Realty Growth's Q2 performance reflects operational excellence, growth potential, and strategic focus on enhancing shareholder value.
While facing challenges from market dynamics, the company's strengths in occupancy rates, asset monetization, and financial guidance position it well for the future.
By capitalizing on opportunities in leasing, investments, and financial management, CTO Realty Growth can navigate challenges and drive sustainable growth.

CTO Realty Growth excels in Q3, eyes growth through acquisitions

CTO Realty Growth delivered a solid quarter with notable achievements across all business segments, showcasing growth in core FFO and leasing activity.
The company's strategic investments, improved leverage, and raised guidance reflect a positive outlook for future performance and expansion.
While challenges exist in a dynamic market environment, CTO Realty Growth's strong performance and focus on high-quality assets position them well for continued success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CTO Realty Growth, Inc. operates as a real estate company. It owns and manages commercial real estate properties. The company was founded in 1910 and is headquartered in Winter Park, FL.

DAYTONA BEACH, Fla., Oct. 28, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company” or “CTO”) announced today that its Board of Directors has authorized, and the Company has declared, an increase in the Company's quarterly cash dividend to $1.00 per share of common stock for the fourth quarter of 2020 from its previous quarterly cash dividend of $0.40 per share of common stock. The dividend is payable on November 30, 2020 to shareholders of record as of the close of business on November 16, 2020. The 2020 fourth quarter cash dividend represents a 150% increase over the Company's previous quarterly dividend and an annualized yield of approximately 9.5% based on the closing price of the common stock on October 27, 2020.

CTO Realty Growth Increases Quarterly Dividend by 150%, Declares Dividend for the Fourth Quarter 2020

CTO Realty (CTO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate CTO Realty (CTO) to Report a Decline in Earnings: What to Look Out for

City Office REIT

Landmark Infrastructure Partners

Alpine Income Property Trust

Urstadt Biddle Properties

Trick Or Treat: We're Buying Small-Cap REITs

DAYTONA BEACH, Fla., Oct. 07, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) today announced that it plans to release its third quarter 2020 operating results after the market closes on Wednesday, October 28, 2020. A conference call to present the operating results is scheduled for Thursday, October 29, 2020 at 9:00 a.m. eastern time (the “Earnings Call”). The Company plans to release its third quarter 2020 investor presentation in advance of the Earnings Call.

CTO Realty Growth Announces Date of Third Quarter 2020 Earnings Release and Earnings Call

DAYTONA BEACH, Fla., Oct. 01, 2020 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) today announced that it will hold a special meeting of shareholders (the “Special Meeting”) on Monday, November 9, 2020 at 2:00 p.m., Eastern Time for a vote in connection with the Company’s recently-announced REIT conversion. The Special Meeting will be conducted virtually on the Internet at www.meetingcenter.io/243211225 .

CTO Realty Growth Board Announces Special Meeting of Shareholders for Vote in Connection With REIT Conversion

Shares in PINE have returned over 50% since April.

CTO Realty Growth Is Poised To Profit

DAYTONA BEACH, Fla., Sept.  28, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the acquisition of an approximately 108,000 square foot retail property in Hialeah, Florida (the “Property”) for $21 million, or approximately $194 per square foot. The Property is situated on approximately 8 acres and is master-leased to a national retail developer (“Master Tenant”). The property, which serves a 3-mile population of over 225,000, is occupied by Aldi, Ross Dress for Less (S&P rated: BBB+), Bed, Bath & Beyond and dd’s Discount (S&P rated: BBB+). The 25-year master lease has an initial investment yield within the range of the 2020 Guidance and includes annual rental rate escalations as well as certain future purchase rights by the Master Tenant. The transaction was purchased through a 1031 like-kind exchange using the remaining approximately $12 million of the Company’s restricted cash generated from previously announced property dispositions with the balance of the acquisition funded with the Company’s line of credit.

CTO Realty Growth Announces Purchase of 106,000 Square Foot Grocery-Anchored Retail Property in Hialeah, Florida for $21 Million

DAYTONA BEACH, Fla., Sept.  10, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of a property located in Jacksonville, Florida leased to PDQ (“PDQ”), for a sales price of approximately $2.5 million, reflecting an exit cap rate of approximately 6.1%. The property is currently under a ground lease to PDQ with 6.9 years remaining on the initial term of the lease. The proceeds are expected to be part of a future Section 1031 like-kind exchange. The Company estimates a gain on the sale of approximately $128,000, or $0.02 per share, after tax. Including this transaction, the Company has over $12 million of proceeds held in 1031 restricted cash accounts. Year to date, the Company has completed the sale of seven single-tenant net lease properties and one multi-tenant retail property, for an aggregate sales price of more than $51 million.

CTO Realty Growth Announces Sale of PDQ in Jacksonville, Florida for Approximately $2.5 Million

DAYTONA BEACH, Fla., Sept.  03, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) announced today that its Board of Directors has unanimously approved a plan for the Company to elect to be subject to tax as a real estate investment trust (“REIT”) for U.S. federal income tax purposes commencing with its taxable year ending December 31, 2020. The move is the latest step by the Company to further its ownership and investment focus primarily on commercial real estate assets in various sectors, including retail and office, and to position itself for growth.

CTO Realty Growth Board Approves Reorganization for Reit Qualification

DAYTONA BEACH, Fla., Aug.  24, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the acquisition of an approximately 120,000 square foot single-tenant office property in Tampa, Florida (the “Property”) for approximately $26.9 million, or approximately $223 per square foot. The Property is situated on approximately 12 acres and is 100% leased to Ford Motor Credit Company LLC (“Ford”), the only tenant to have occupied the building since it was built by Highwoods in 1998. The property is four stories and has a parking ratio of over 7 per 1,000 square feet of space. The lease with Ford was recently extended through March 2026. The initial investment yield is approximately 8.4%, which is above the high end of the Company’s 2020 guidance. The transaction was purchased through a 1031 like-kind exchange using approximately $27 million of the approximately $37 million of the Company’s restricted cash generated from previously announced property dispositions that were sold at an average cap rate of approximately 4.5%.  

CTO Realty Growth Announces Purchase of 120,000 Square Foot Office Property Leased to Ford Motor Credit Company in Tampa, Florida and August Contractual Base Rent Collections Update

DAYTONA BEACH, Fla., Aug.  11, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of approximately 98 acres (the “Parcel”), for $2.8 million, or approximately $28,500 per acre, to JTD Land Company, LLC (“JTD Land”), a real estate developer with operations and developments Florida. The Parcel was sold to JTD Land by the venture that was formed in October 2019 when the Company sold its controlling interest in the entity that owned the Company’s remaining land portfolio (the “Land JV”). The proceeds from the sale of the Parcel will be distributed in accordance with the distribution priority in the applicable operating agreement of the Land JV. CTO has a retained interest in the Land JV.

CTO Realty Growth Announces Sale of 98 Acres for $2.8 Million by Land JV

DAYTONA BEACH, Fla., Aug.  05, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of a property located in Austin, Texas leased to Carrabba’s Italian Grill (“Carrabba’s”), for a sales price of approximately $2.5 million, reflecting an exit cap rate of approximately 6.4%. The property is currently under an absolute net lease to Carrabba’s with approximately 11 years remaining on the initial term of the lease. The proceeds are expected to be part of a future Section 1031 like-kind exchange. The Company estimates a loss on the sale of approximately $94,000, or $0.02 per share, after tax. With the closing of this transaction, the Company has over $36 million of proceeds held in 1031 restricted cash accounts. Year to date, the Company has completed the sale of six single-tenant net lease properties and one multi-tenant retail property, for an aggregate sales price of more than $49 million.

CTO Realty Growth Announces Sale of Carrabba’s Italian Grill in Austin, Texas for $2.5 Million

CTO Realty Growth, Inc. (CTO) CEO John Albright on Q2 2020 Results - Earnings Call Transcript

DAYTONA BEACH, Fla., July  29, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced that the Company’s Board of Directors declared a quarterly dividend of $0.40 per share payable on August 31, 2020, to shareholders of record on August 17, 2020.

CTO Realty Growth Announces a 60% Increase for Third Quarter 2020 Dividend of $0.40 Per Share

DAYTONA BEACH, Fla., July  29, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) today announced its operating results and earnings for the quarter ended June 30, 2020.

CTO Realty Growth, Inc. Reports Second Quarter 2020 Net Income of $2.71 Per Share, Including a $1.30 Unrealized Gain on Mark to Market of PINE Shares, and Announces Pursuit of REIT Conversion

DAYTONA BEACH, Fla., July  23, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of its Wawa ground lease located in Jacksonville, Florida, for a sales price of approximately $7.1 million, reflecting an exit cap rate of approximately 4.9%. The property is currently under a 17-year ground lease to Wawa. The proceeds are expected to be part of a future Section 1031 like-kind exchange. The Company’s estimated gain on the sale is approximately $246,000, or $0.04 per share, after tax. With the closing of this transaction, the Company has over $34 million of proceeds held in 1031 restricted cash accounts. Year to date, the Company has completed the sale of five single-tenant net lease properties and one multi-tenant retail property, for an aggregate sales price of more than $46 million.

CTO Realty Growth Announces Sale of Wawa Ground Lease in Jacksonville, Florida For $7.1 Million

CTO Realty (CTO) Earnings Expected to Grow: Should You Buy?

DAYTONA BEACH, Fla., July  20, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE American: CTO) (the “Company”) today announced that it plans to release its second quarter 2020 operating results after the market closes on Wednesday, July 29, 2020. A conference call to present the operating results is scheduled for Thursday, July 30, 2020 at 9:00 a.m. eastern time (the “Earnings Call”). The Company plans to release its second quarter 2020 investor presentation in advance of the Earnings Call.

CTO Realty Growth Announces Date of Second Quarter 2020 Earnings Release and Earnings Call

DAYTONA BEACH, Fla., July  14, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the following three land sales transactions representing a total of approximately 3,110 acres and generating aggregate sales proceeds of approximately $42 million ( the “Land Sales”) to the Land Joint Venture that was formed in October 2019 (the “Land JV”):

CTO Realty Growth Announces 3 Land Sale Transactions by Land JV, Including $40.9 Million Transaction to Affiliates of SITEX Properties USA

Earnings Preview: CTO Realty (CTO) Q2 Earnings Expected to Decline

DAYTONA BEACH, Fla., July  02, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company” or “CTO”) today announced that its Senior Vice President and Chief Financial Officer, Mark E. Patten, is leaving the Company to join a publicly-traded REIT as its Chief Financial Officer. To ensure a smooth transition, Mr. Patten will work with the Company through the conclusion of the Company’s reporting for the second quarter ended June 30, 2020.  The Company has begun its search for a new Chief Financial Officer.

CTO Realty Growth Announces Chief Financial Officer Transition

DAYTONA BEACH, Fla., June  30, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of its two-tenant, non-gas 7-Eleven property located in Dallas, Texas, for a sales price of approximately $2.4 million, reflecting an exit cap rate of approximately 6.08%.

CTO Realty Growth Announces Sale of Two Income Properties for $11.4 Million

DAYTONA BEACH, Fla., June  18, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the closing of the sale of its Chase Bank ground lease located in Jacksonville, Florida, for a sales price of approximately $6.7 million, reflecting an exit cap rate of approximately 4.15%. The property is currently under a 17-year ground lease to Chase Bank. The Company was advised by Stream Capital Partners on the transaction. The proceeds are expected to be part of a future Section 1031 like-kind exchange. The Company’s estimated gain on the sale is approximately $1.9 million, or $0.31 per share, after tax. With the closing of this transaction, the Company has more than $16.0 million of proceeds held in 1031 restricted cash accounts.

CTO Realty Growth Announces Sale of Chase Bank Ground Lease in Jacksonville, Florida for $6.7 Million

DAYTONA BEACH, Fla., June  01, 2020  (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE American: CTO) (the “Company”) today announced the sale of four of its commercial loan investments in two separate transactions generating aggregate proceeds of approximately $20.0 million and resulting in a loss of approximately $344,000, or approximately $0.06 per share, after tax. 

CTO Realty Growth Announces Sale of Commercial Loan Investments and Repurchase of $5 Million of Convertible Notes

DAYTONA BEACH, Fla., May  11, 2020  (GLOBE NEWSWIRE) -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that the shareholders of the Company, at its annual meeting on April 29, 2020, approved the change in the Company’s name to CTO Realty Growth, Inc. (“CTO”). The name change becomes effective today, May 11, 2020, including for all filings with the Securities & Exchange Commission and the Company’s listing on the New York Stock Exchange. 

News for CTO Realty Growth Stock (CTO)