Acquisition Details - CTO Realty Growth Inc acquired Granada Plaza for $16 8 million prior to closing costs and adjustments [1] - Granada Plaza is a 74 000 square foot shopping center anchored by a high performing Publix and located in Dunedin Florida [2] - The property is situated on seven acres and is 95% occupied [2] Strategic Impact - The acquisition adds another grocery anchored shopping center to CTO Realty Growth Inc's portfolio and expands its presence in Tampa [3] - Approximately 22% of the company's annual base rent is provided by grocery anchored shopping centers [3] - Florida accounts for approximately 20% of the company's annual base rent making it the second largest state [3] - Publix becomes the company's sixth largest tenant [3] Investment Overview - Year to date the company has completed $330 7 million of investments at a weighted average yield of 9 3% [3] - The investments consist of $226 7 million in retail properties and $104 0 million in structured investments [3] Company Background - CTO Realty Growth Inc owns and operates high quality open air shopping centers in the higher growth Southeast and Southwest markets of the United States [4] - The company also externally manages and owns a meaningful interest in Alpine Income Property Trust Inc (NYSE PINE) [4]

Acquisition Details - CTO Realty Growth Inc acquired Granada Plaza for $16 8 million prior to closing costs and adjustments [1] - Granada Plaza is a 74 000 square foot shopping center anchored by a high performing Publix and located in Dunedin Florida [2] - The property is situated on seven acres and is 95% occupied [2] Strategic Impact - The acquisition adds another grocery anchored shopping center to CTO Realty Growth's portfolio and expands its presence in Tampa [3] - Approximately 22% of the company's annual base rent is provided by grocery anchored shopping centers with Florida contributing about 20% of annual base rent making it the second largest state for the company [3] - Publix becomes the company's sixth largest tenant following this acquisition [3] Investment Overview - Year to date the company has completed $330 7 million of investments at a weighted average yield of 9 3% [3] - The investments consist of $226 7 million in retail properties and $104 0 million in structured investments [3] Company Background - CTO Realty Growth Inc owns and operates high quality open air shopping centers in the higher growth Southeast and Southwest markets of the United States [4] - The company also externally manages and owns a meaningful interest in Alpine Income Property Trust Inc (NYSE PINE) [4]

High-Yield Investment Opportunities - Investment income is a key portion of total return, and increasing dividend yield can significantly enhance living standards [1] - High-yield opportunities are often supported by high-quality assets, but the high-yield space is riddled with risks such as unsustainable yields from private equity, private REITs, and leveraged ETFs [2][3] - Dividend policy does not affect shareholder value, as value comes from the company's cashflows, not the payout ratio [4] Risks in High-Yield Investments - Private REITs often offer unsustainable high yields by investing in properties with lower cap rates, leading to eventual dividend cuts and stock price declines [6][7] - Leveraged ETFs amplify yields through high leverage, but market volatility can lead to capital destruction [13][14] - High-risk assets or leveraged investment vehicles can make dividends unreliable, even if cashflows initially cover the yield [11][12] Sustainable High-Yield Opportunities - CTO Realty Growth, Inc (CTO) offers a 7.5% yield, supported by trading below asset value, resulting in higher property-generated cashflows relative to investment [8][9] - CTO is expected to earn AFFO of $2.07 in 2025, providing a 10.24% AFFO yield and retaining 55 cents per share for growth, ensuring dividend sustainability [10] - Easterly Government Properties, Inc (DEA) offers a 9% yield, funded by reliable assets leased to the U.S. Government and trading at a steep discount to asset value [15][16][17] Special Dividend Opportunity - Farmland Partners Inc (FPI) will pay a total dividend of $1.39 in 2024, resulting in a 10.97% yield, funded by profits from a major land sale [19][20] - FPI uses special dividends to convert land appreciation into shareholder returns, with a similar dividend paid in December 2023 [21][22] - While FPI is not typically a dividend stock, it offers a high-yield opportunity for investors who hold shares before the ex-dividend date [23] Summary of High-Yield Opportunities - CTO offers a 7.5% yield with growth potential, DEA provides a 9% yield from reliable assets, and FPI offers a one-time 11% yield [24]

Equity Market and Investment Strategy - The equity market is a powerful mechanism for long-term wealth creation or destruction through daily price fluctuations [1] - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend tickers, REITs, and green energy firms [1] Analyst's Position and Disclosure - The analyst holds a beneficial long position in shares of CTO, ADC, and KIM through stock ownership, options, or other derivatives [2] - The article expresses the analyst's own opinions and is not compensated by any company mentioned [2] Seeking Alpha's Disclosure - Seeking Alpha emphasizes that past performance does not guarantee future results and does not provide investment recommendations or advice [3] - The views expressed in the article may not reflect those of Seeking Alpha as a whole, and the platform is not a licensed securities dealer, broker, or investment adviser [3]

Investment Strategy - The investment strategy focuses on growth and dividend income, aiming to create a portfolio that compounds dividend income and growth for an easy retirement [1] - The portfolio is structured to generate monthly dividend income, which grows through dividend reinvestment and yearly increases [1] Portfolio Composition - The portfolio includes long positions in shares of MO, O, CTO, and STWD, either through stock ownership, options, or other derivatives [1] Disclosure and Disclaimer - The article is a personal opinion and not a recommendation for buying or selling stocks [2] - The investments and strategies discussed are solely personal opinions and commentary, not tailored to individual investment objectives or financial situations [2] - Seeking Alpha's disclosure states that past performance is no guarantee of future results and no investment recommendation is being given [3]

Investment Strategy - The investment strategy focuses on growth and dividend income, aiming to create a portfolio that compounds dividend income and growth for an easy retirement [1] - Dividends are a key component of the strategy, with the portfolio structured to generate monthly dividend income that grows through reinvestment and annual increases [1] Portfolio Composition - The portfolio includes long positions in shares of CTO, O, and NNN, either through stock ownership, options, or other derivatives [1] Disclosure and Disclaimer - The article is a personal opinion and not a recommendation for stock purchase or sale [2] - The investments and strategies discussed are solely personal opinions and commentary, intended for research and educational purposes [2] - Investors should conduct their own research to determine if the discussed companies fit their portfolio parameters [2]

Dividend Announcement - The company declared a quarterly cash dividend of $0.38 per share of common stock for Q4 2024, representing an annualized yield of approximately 7.8% based on the closing price on November 18, 2024 [1] - The common stock cash dividend is payable on December 31, 2024, to stockholders of record as of December 12, 2024, with an ex-dividend date of December 12, 2024 [2] - A quarterly cash dividend of $0.39844 per share was also declared for the company's 6.375% Series A Cumulative Redeemable Preferred Stock for Q4 2024, payable on December 31, 2024, to stockholders of record as of December 12, 2024 [3] Company Overview - CTO Realty Growth, Inc owns and operates high-quality, open-air shopping centers in the higher-growth Southeast and Southwest markets of the United States [4] - The company externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc (NYSE: PINE) [4] - Investors are encouraged to review the company's most recent investor presentation and supplemental financial information available on their website [4]

Company Overview - CTO Realty Growth Inc (NYSE: CTO) has been aggressively expanding since 2019, and this strategy has proven successful, as evidenced by its performance in the third quarter [1] Analyst Background - The author is a financial writer with a degree in Finance and five years of experience working with two financial companies [1] - The author specializes in Energy, Banking, and Tech stocks, focusing on fundamental analysis and long-term stock positions [1] - The author joined Seeking Alpha to share stock analysis and exchange thoughts within a like-minded community [1]

Professional Background - Steven Cress is the VP of Quantitative Strategy and Market Data at Seeking Alpha, where he created the platform's quantitative stock rating system and analytical tools [1] - He is the Founder and Co-Manager of Alpha Picks, a systematic stock recommendation tool aimed at helping long-term investors build a best-in-class portfolio [1] - Previously, he was the Founder and CEO of CressCap Investment Research, which was acquired by Seeking Alpha in 2018 for its quant analysis and market data capabilities [3] - He also founded the quant hedge fund Cress Capital Management and has extensive experience in proprietary trading and international business development at Morgan Stanley and Northern Trust [3] - With over 30 years of experience in equity research, quantitative strategies, and portfolio management, he is highly knowledgeable in investment topics [4] Methodology and Contributions - Steven Cress is dedicated to eliminating emotional biases from investment decisions by using a data-driven approach [2] - He employs sophisticated algorithms and technologies to simplify complex investment research, creating a daily updated grading system for stock trading recommendations [2] - His contributions form the cornerstone of the Seeking Alpha Quant Rating system, which interprets data for investors and provides insights on investment directions [1]

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------------------------------------------------------|-------|-------|---------------------|---------------------| | | | | | | | | | | | | | | | | | | | | | | | | | October 2024 Third Quarter 2024 Investor Presentation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Collection at | Forsyth \| Cumming, | Company Highlights Small-cap shopping center REIT focused on open-air centers in fast growing ...