CTO Realty Growth(CTO)

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CTO Realty Growth Series A Preferred: 7.5% Yield Plus Appreciation Potential In Anticipation Of Declining Interest Rates
Seeking Alpha· 2024-07-29 14:43
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(CTO) - 2024 Q2 - Earnings Call Transcript
2024-07-26 16:29
CTO Realty Growth, Inc. (NYSE:CTO) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants John Albright - Chief Executive Officer and President Philip Mays - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants 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 Operator Good day, and thank you for s ...
CTO Realty Growth(CTO) - 2024 Q2 - Earnings Call Presentation
2024-07-26 12:09
| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|----------------------------------------|-------|-------|------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | _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) Q2 FFO and Revenues Surpass Estimates
ZACKS· 2024-07-25 23:31
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 ...
CTO Realty Growth Reports Second Quarter 2024 Operating Results
Newsfilter· 2024-07-25 22:00
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 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------ ...
CTO Realty Growth Reports Second Quarter 2024 Operating Results
GlobeNewswire News Room· 2024-07-25 22:00
Investments During the three months ended June 30, 2024, the Company invested $1.5 million into 1.4 acres of land for future development within the West Broad Village property, which was previously acquired in October of 2022. During the six months ended June 30, 2024, the Company invested $72.5 million into two retail properties totaling 319,066 square feet and one vacant land parcel, and originated one $10.0 million first mortgage structured investment. These investments represent a weighted average going ...
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
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 ...
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 ...