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 ...

WINTER PARK, Fla., Jan. 04, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) (the "Company" or "CTO") today announced its 2023 investment, disposition and leasing activities and provided a capital markets update. 2023 Investment Activity During the year ended December 31, 2023, the Company completed four retail property acquisitions and acquired one land parcel for total acquisition volume of $80.0 million, representing a weighted-average going-in cash cap rate of 7.5%.During the year ended Decem ...

CTO Realty Growth, Inc. (NYSE:CTO) Q3 2023 Earnings Conference Call October 27, 2023 9:00 AM ET Company Participants Matt Partridge – Chief Financial Officer John Albright – President and Chief Executive Officer Conference Call Participants Rob Stevenson – Janney Montgomery Scott Matthew Erdner – JonesTrading R.J. Milligan – Raymond James Operator Good day, and welcome to the CTO Realty Growth Third Quarter 2023 Operating Results Conference Call. At this time, all participants are in a listen-only mode. Aft ...

3 Absolute and Relative Valuation Upside CTO currently trades at a meaningful discount to net asset value (NAV) and a relative discount to its retail-focused peer group. Durable Portfolio with Meaningful Growth Opportunities Recently constructed retail and mixed-use portfolio with a combination of value-add lease up, redevelopment and stable, in-place cash flows in some of the strongest markets in the United States. 8 ▪ Track record of acquiring at meaningful discounts to replacement cost and below market l ...