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CTO Realty Growth: A Discounted Way To Play The Retail Boom
CTOCTO Realty Growth(CTO) Seeking Alpha·2024-08-09 19:48

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 ...