CTO Realty Growth(CTO)
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CTO Realty Growth(CTO) - 2024 Q2 - Quarterly Report
2024-07-25 20:21
| --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------|----------------------|------------------|----------------------|---------------------|----------------|-------------| | Description | Date of Investment | Maturity Date | Original Face Amount | Current Face Amount | Carrying Value | Coupon Rate | | Preferred Investment – Watters Creek – Allen, TX | April 2022 | April 2025 | $30,000 | $30,000 | $ 29,961 | 9.00% | | Mortgage Note – Founders Square ...
CTO Realty Growth(CTO) - 2024 Q2 - Quarterly Results
2024-07-25 20:10
Press Release Contact: Philip R. Mays Senior Vice President, Chief Financial Officer & Treasurer (407) 904-3324 pmays@ctoreit.com CEO Comments FOR IMMEDIATE RELEASE CTO Realty Growth Reports Second Quarter 2024 Operating Results WINTER PARK, FL – July 25, 2024 – CTO Realty Growth, Inc. (NYSE: CTO) (the "Company" or "CTO") today announced its operating results and earnings for the quarter ended June 30, 2024. "We are pleased that our strong leasing results over the past year are starting to deliver meaningfu ...
CTO Realty Growth Announces Second Quarter 2024 Earnings Release and Conference Call Information
Newsfilter· 2024-06-26 20:05
About CTO Realty Growth, Inc. WINTER PARK, Fla., June 26, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE: CTO) (the "Company") announced today that it will report its financial and operating results for the second quarter of 2024 after the market closes on Thursday, July 25, 2024. The Company will host a conference call to discuss its financial and operating results for the second quarter of 2024 at 9:00 AM ET on Friday, July 26, 2024. We encourage you to review our most recent investor presentation and s ...
CTO Realty Growth Announces Second Quarter 2024 Earnings Release and Conference Call Information
GlobeNewswire News Room· 2024-06-26 20:05
WINTER PARK, Fla., June 26, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE: CTO) (the "Company") announced today that it will report its financial and operating results for the second quarter of 2024 after the market closes on Thursday, July 25, 2024. The Company will host a conference call to discuss its financial and operating results for the second quarter of 2024 at 9:00 AM ET on Friday, July 26, 2024. CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a p ...
3 Small Cap REITs Poised To Profit
Seeking Alpha· 2024-06-14 15:30
Some of my best buys in the real estate investment trust, or REIT, sector have been small cap REITs. QTS Realty (formerly QTS). American Campus (formerly ACC). RPT Realty (formerly RPT). CyrusOne (formerly CONE). Given the fragmentation within the REIT sector (only 10% of all institutional quality US commercial real estate is owned by REITs), we believe that there will be continued consolidation. Thus, we enjoy researching and investing in small cap REITs because they could be acquired at large premiums or ...
CTO Realty Growth Announces Hiring of Chief Financial Officer
Newsfilter· 2024-05-31 20:10
CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE:PINE), a publicly traded net lease REIT. Upon the effectiveness of Mr. Mays's appointment, Mr. Mays will act as the Company's principal financial officer, and Lisa M. Vorakoun will resume her ro ...
CORRECTION – CTO Realty Growth Declares Dividends For the Second Quarter 2024 (Ex-Dividend Date Correction)
globenewswire.com· 2024-05-29 11:30
Core Viewpoint - CTO Realty Growth, Inc. has corrected the ex-dividend date for its second quarter dividends from June 12, 2024, to June 13, 2024, with all other details remaining unchanged [1] Company Overview - CTO Realty Growth, Inc. is a publicly traded real estate investment trust (REIT) that focuses on owning and operating a portfolio of high-quality retail-based properties primarily located in higher growth markets in the United States [2] - The company also externally manages and holds a significant interest in Alpine Income Property Trust, Inc., which is another publicly traded net lease REIT [2] Additional Information - Investors are encouraged to review the most recent investor presentation and supplemental financial information available on the company's website [3]
CTO Realty Growth Declares Dividends For the Second Quarter 2024
globenewswire.com· 2024-05-28 11:00
WINTER PARK, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the "Company" or "CTO") announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.38 per share of common stock for the second quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 8.7% based on the closing price of the Company's common stock on May 24, 2024. The Common Stock Cash Di ...
CTO Realty Growth Declares Dividends For the Second Quarter 2024
Newsfilter· 2024-05-28 11:00
WINTER PARK, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the "Company" or "CTO") announced today that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.38 per share of common stock for the second quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 8.7% based on the closing price of the Company's common stock on May 24, 2024. The Common Stock Cash Di ...
Avoid Meme Stocks, Invest The 'REIT' Way
seekingalpha.com· 2024-05-17 11:00
Group 1: Meme Stocks and Market Trends - Meme stocks, including GameStop, AMC, and others, are experiencing renewed attention, reminiscent of the 2021 trading frenzy, with GameStop's stock price jumping from $17.45 to over $30 and peaking at $55.69 [1] - Analysts express skepticism about the sustainability of this meme stock revival, suggesting it may not last as long as previous surges [1] - The focus remains on sustainable investment trends rather than speculative stocks, with a preference for assets that are trading at fair value [1] Group 2: REIT Investment Insights - Cohen & Steers' recent research highlights three reasons to invest in listed REITs: they outperform stocks and bonds in low yield and growth environments, many commercial real estate sectors are seeing healthy demand amid constrained supply, and REIT valuations are significantly below historical medians [2][4] - The analysis indicates that U.S. REITs have historically delivered 19.5% average annualized monthly returns during periods of slowing growth and ending rate-hiking cycles [2] Group 3: Rexford Industrial Realty, Inc. (REXR) - Rexford Industrial Realty is identified as a top-tier REIT currently trading at a discount, with a market cap of approximately $9.8 billion and a portfolio of 422 properties in Southern California [6][7] - The company has demonstrated strong performance with an average adjusted funds from operations (AFFO) growth rate of nearly 14% since 2016, supported by a fortress-like balance sheet [7][8] - Despite facing challenges in the industrial market, particularly in Southern California, Rexford's focus on smaller properties for first and last-mile distribution positions it well for future demand [15][18] Group 4: CTO Realty Growth, Inc. (CTO) - CTO Realty Growth specializes in multi-tenant retail properties, primarily in the Sunbelt region, with a market cap of approximately $403.6 million and a portfolio of 20 income-producing properties [22][23] - The company has seen significant growth in its retail-focused portfolio, increasing from 1.8 million square feet in 2019 to 3.9 million square feet in 2024, with annualized base rent rising from $27.6 million to $80.6 million [26] - Analysts rate CTO Realty Growth as a Strong Buy, noting its 8.71% dividend yield and a well-covered AFFO payout ratio of 79.58% [32] Group 5: NETSTREIT Corp. (NTST) - NETSTREIT Corp. focuses on single-tenant retail properties leased to high-quality tenants, with a market cap of approximately $1.3 billion and a portfolio of 11.3 million square feet [35] - The company has a strong tenant base, with 71.1% of its annual base rent coming from investment-grade tenants, and reported an occupancy rate of 100% [35][37] - Analysts expect AFFO growth to normalize, projecting increases of 3% in 2024 and 6% in 2025, with a current dividend yield of 4.60% [38]