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 ...

CTO Realty Growth, Inc. (CTO) recently disclosed its leasing accomplishments for the year-to-date period, signifying healthy growth and promising prospects in the retail real estate sector.In a recent announcement, CTO unveiled its year-to-date leasing achievements, which include the signing of 16 leases totaling an impressive 112,480 square feet at an average cash base rent of $27.49 per square foot. Particularly noteworthy is the company's substantial comparable growth, evidenced by the signing of 12 leas ...

WINTER PARK, Fla., March 11, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today provided an update on its recent leasing activities: Year-to-date, signed 16 leases totaling 112,480 square feet at an average cash base rent of $27.49 per square foot. On a comparable basis, which excludes vacancy existing at the time of acquisition, CTO signed 12 leases totaling 103,065 square feet at an average cash base rent of $26.58 per square foot compared to a previous average cash ...

WINTER PARK, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") announced today that its Senior Vice President, Chief Financial Officer and Treasurer, Matthew M. Partridge, has resigned from the Company, effective as of April 1, 2024 (the "Effective Date"), to pursue another opportunity with a new venture not in the REIT industry. Following the Effective Date, Mr. Partridge intends to provide further assistance with certain needs of the Company during the Com ...

MasaoTaira Summary In our last update on CTO (NYSE:CTO), we moved the shares from a Buy to a Hold primarily due to the near-term headwinds posed by the WeWork bankruptcy. The shares had remained rangebound since the last article, and we added to our position in the low-16s. The Q4 earnings report blew past our expectations and gave us confidence that the recent headwinds are behind us. Strong leasing activity, share repurchase activity, and the sale of the remaining subsurface interests drove a meaningf ...

CTO Realty Growth, Inc (NYSE:CTO) Q4 2023 Earnings Conference Call February 23, 2024 9:00 AM ET Company Participants Matthew Partridge - Chief Financial Officer John Albright - President and Chief Executive Officer Conference Call Participants Floris Van Dijkum - Compass Point Robert Stevenson - Janney Montgomery Scott Matthew Erdner - JonesTrading John Massocca - B. Riley Securities R.J. Milligan - Raymond James Michael Gorman - BTIG Operator Good day, and thank you for standing by. Welcome to the CTO Real ...

REALTY GROWTH ASHFORD LANE SQUARE FEET OF PORTFOLIO ABR FROM ATLANTA AND DALLAS 1. Based on $16.43 per share common stock price as of February 16, 2024. Differentiated Investment Strategy Southeast and Southwest Retail & Mixed-Use Portfolio Investing Below Replacement Cost Implied Real Estate Value is $214 PSF1 Levers for Future Growth ▪ In December 2023, sold Sabal Pavilion, a non-core office building leased to Ford Motor Credit for $22.0 million and proceeds from the sale are planned to be redeployed into ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-11350 CTO REALTY GROWTH, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

◾ Sold six properties during the quarter for total disposition volume of $64.2 million at a weighted average exit cap rate of 7.8%, generating total gains on sales of $3.1 million. ◾ Repurchased 62,015 shares of common stock at an average price of $15.72 per share. "Operational performance in the fourth quarter was strong, with comparable leasing rent growth of nearly 18% and same-store NOI growth of just under 5%. Even with some of the tenant challenges we experienced in the first half of the year, we cont ...

Drew Angerer/Getty Images News I've been buying CTO Realty Growth (NYSE:CTO) in response to common shares that are down by 12% over the last 1 year to trade at 8.8x its annualized adjusted FFO for its most recent quarter. CTO's third quarter AFFO was $0.48 per share, around $1.92 per share annualized. The internally managed REIT owns 23 mainly retail properties spread across 9 states and 4.1 million square feet of gross leasable space as of the end of its fiscal 2023 third quarter. The REIT also earns a ...