CTO Realty Growth: Growth To Resume In H2 2024 (Maintain Buy)

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 ...