WINTER PARK, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the "Company" or "CTO") today announced closing the acquisition of a portfolio of three open-air shopping centers (the "Three Property Portfolio") for a purchase price of $137.5 million. The Three Property Portfolio consists of Carolina Pavilion in Charlotte, North Carolina; Millenia Crossing in Orlando, Florida; and Lake Brandon Village in Tampa, Florda. Additionally, on August 15, 2024, the Company closed the sale of ...

WINTER PARK, Fla., Aug. 20, 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 third quarter of 2024 (the "Common Stock Cash Dividend"). The Common Stock Cash Dividend represents an annualized yield of approximately 7.9% based on the closing price of the Company's common stock on August 19, 2024. The Common Stock Cas ...

MasaoTaira Summary Despite a quarter of subdued investment activity and a significant share price rally, we are still bullish on CTO Realty Growth (NYSE:CTO). In this report we cover CTO's Q2 earnings and provide an updated view on valuation for the common and preferred. Earnings Update There were no changes to the composition of the income producing portfolio, with no investments or dispositions during the quarter. Rents grew ~2% QoQ in the multitenant portfolio, and were unchanged in the single-tenant por ...

The top real estate stocks are defying market headwinds with remarkable resilience. Despite mortgage rates soaring to record highs over the past couple of decades, the U.S. real estate market continues to show extraordinary strength. Property prices remain on an upward trajectory, and the persistent growth is mainly fueled by a significant supply-demand imbalance. The market's resilience is underscored by superb demand and stringent lending standards, which lower the overall risk. That said, in this environ ...

buzbuzzer The Buy Thesis CTO Realty Growth (NYSE:CTO) is a mostly retail REIT with strong organic leasing prospects ahead. Despite its growth potential, it is deeply discounted, which allows investors to get in at an 11X AFFO multiple and 7.5% dividend yield. We shall begin with an explanation of why CTO trades at a low multiple and then follow with its forward fundamentals. Why CTO trades cheaply Retail real estate is having a renaissance as it moves from being a feared asset class to being respected as a ...

Panuwat Dangsungnoen The Company in Summary Source: CTO During the 2Q earnings call management described its use of their at-the-market issuance of both common and preferred equity in an effort to pay down their outstanding credit lines and effectively eliminate their exposure to floating rate debt. Their very manageable debt maturities calendar will accommodate their growth ambitions and make us comfortable with underwriting investment in there, A series preferred. CTO Source: Portfolio Income Solutions So ...

CTO Realty Growth, Inc. (NYSE:CTO) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET John Albright - Chief Executive Officer and President Philip Mays - Senior Vice President, Chief Financial Officer and Treasurer R.J. Milligan - Raymond James Gopal Mehta - Alliance Global Partners Rob Stevenson - Janney Montgomery and Scott Matthew Erdner - Jones Trading John Massocca - B. Riley Securities Michael Gorman - BTIG Good day, and thank you for standing by. Welcome to the CTO Realty Growth Second Quarter ...

| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|----------------------------------------|-------|-------|------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | _REALTY GROWTH Investor Presentation - | | | | | | | | July 2024 | | | | | | | | | | | The Collection at Forsyth \| Cumming, GA | $37M Small-cap shopping center REIT focused on open air centers in fast growing MSAs in the Southeast and Southwest Investment in Alpine Income Property Tru ...

CTO Realty (CTO) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 11.63%. A quarter ago, it was expected that this real estate company would post FFO of $0.42 per share when it actually produced FFO of $0.52, delivering a surprise of 23.81%. Over the last four quarters, the c ...

WINTER PARK, Fla., July 25, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced its operating results and earnings for the quarter ended June 30, 2024. CEO Comments June 30, 2023 Variance to Comparable Period in the Prior Year Common Stockholders per Common Share - Diluted (2) (1) (2) Year-to-Date Financial Results Highlights | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------ ...