slobo/iStock Unreleased via Getty ImagesCTO Realty Growth (NYSE:CTO) forms one of my REIT positions with its safe dividend yield, retail property portfolio, and prudent multiple to FFO all forming reasons for continued bullishness. The REIT last declared a quarterly cash dividend of $0.38 per share, kept unchanged sequentially and $1.52 per share annualized, for an 8.9% dividend yield. This was 137% covered by its fiscal 2024 first-quarter adjusted FFO ("AFFO") of $0.52 per share, a roughly 73% payout r ...

CTO has an outsized dividend yield and attractive absolute valuation relative to many in its retail-focused peer group and its long-term growth opportunities. May 2024 Investor Presentation REALTY GROWTH Shops at Legacy Plano, TX Square Feet Investment in 3.9M 50% 8.4% Alpine Income Property Trust2 Based on $15.28 per share common stock price as of March 31, 2024. 3. | --- | --- | --- | --- | |--------------------------|---------------------------------------------------------|------------------------------ ...

CTO Realty Growth, Inc. (NYSE:CTO) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Lisa Vorakoun - Senior Vice President, Chief Accounting Officer and Interim Chief Financial Officer and Treasurer John Albright - Chief Executive Officer and President Conference Call Participants Gopal Mehta - Alliance Global Partners Rob Stevenson - Janney Montgomery and Scott R.J. Milligan - Raymond James Matthew Erdner - Jones Trading John Massocca - B. Riley Securities Operator Good day, and ...

5 The accompanying notes are an integral part of these consolidated financial statements. Table of Contents Table of Contents Commercial Loans and Investments: A portfolio of four commercial loan investments and one preferred equity investment which is classified as a commercial loan investment. 9 Use of Estimates in the Preparation of Financial Statements Restricted cash totaled $8.1 million at March 31, 2024, of which $6.6 million is being held in an escrow account to be reinvested through the like-kind e ...

Press Release Contact: Lisa M. Vorakoun Senior Vice President, Chief Accounting Officer (386) 944-5641 lvorakoun@ctoreit.com FOR IMMEDIATE RELEASE CTO Realty Growth Reports First Quarter 2024 Operating Results First Quarter and Recent Highlights ◾ Reported Core FFO per diluted share attributable to common stockholders of $0.48 for the quarter ended March 31, 2024. ◾ Invested $71.0 million into two retail property acquisitions, totaling 319,066 leasable square feet at a weighted-average going-in cash cap rat ...

WINTER PARK, Fla., April 04, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) ("CTO" or the "Company") today announced the pricing of a public offering of 1,500,000 additional shares of the Company's 6.375% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"), liquidation preference $25.00 per share, at a public offering price of $20.00 per share. CTO will receive gross proceeds of $30,000,000 from the sale of the Series A Preferred Stock before deducting the underwrit ...

WINTER PARK, Fla., April 03, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) ("CTO" or the "Company") today announced the commencement of a public offering of additional shares of the Company's 6.375% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") with a $25.00 per share liquidation preference. The additional shares of Series A Preferred Stock constitute an additional issuance of shares of Series A Preferred Stock, with 2,978,808 shares of Series A Preferred Stoc ...

WINTER PARK, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the acquisition of Marketplace at Seminole Towne Center, a 318,000 square foot multi-tenant retail power center in the Sanford submarket of Orlando, Florida (the "Property") for a purchase price of $68.7 million. The purchase price represents a going-in cap rate within the range of the Company's current guidance for initial cash yields. "We are pleased to announce the acquisition ...

In a significant move toward portfolio optimization, CTO Realty Growth, Inc. (CTO) has successfully closed the sale of a 136,000-square-foot mixed-use property in Santa Fe, New Mexico. The transaction, valued at $20.0 million, resulted in a gain on sale of around $4.6 million.The disposition of the mixed-use property is part of a broader strategy to optimize the portfolio and enhance financial flexibility. CTO Realty Growth intends to utilize the sales proceeds as part of a Section 1031 like-kind exchange, ...

WINTER PARK, Fla., March 19, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced the closing of the sale of its mixed-use property totaling approximately 136,000 square feet in downtown Santa Fe, New Mexico (the "Property"). The Property was sold for approximately $20.0 million, representing an exit cap rate within the range of the Company's current guidance for disposition cash yields and generating a gain on sale of approximately $4.6 million. "In recent mo ...