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CTO Realty Growth: Get Paid To Wait For The Valuation Discount To Close
CTOCTO Realty Growth(CTO) Seeking Alpha·2024-09-09 10:14

Margarita-Young Investment Thesis CTO Realty Growth (NYSE:CTO) trades at a discount to peers because of near-term debt coming due as early as 2026, which, I believe, has made other investors avoid the company. In my view, this has created a buying opportunity for investors as the Series A preferred offering in April shows that the company has a low cost of capital and, with interest rates dropping, should be able to refinance at similar rates to existing debt instruments. With a decent quality portfolio of ...