CTO Realty Growth(US:CTO) Globenewswire·2025-10-03 17:49Core Viewpoint - The article discusses a class action lawsuit against CTO Realty Growth, Inc. due to allegations of misleading financial practices and unsustainable dividends, with a deadline for investors to file a lead plaintiff motion by October 7, 2025 [1][4]. Summary by Sections Allegations and Impact - Wolfpack Research published a report on June 25, 2025, claiming CTO engaged in "accounting shenanigans," including using a sham loan to conceal a top tenant's failure, which led to a stock price drop of $0.98, or 5.4%, closing at $17.10 per share [2]. - The report also accused the management of excluding recurring capital expenditures from Adjusted Funds From Operation (AFFO) and overpaying for properties, thereby harming the company's future [2]. Lawsuit Details - The class action complaint alleges that throughout the Class Period, CTO's management made materially false and misleading statements and failed to disclose adverse facts about the company's operations and prospects [3]. - Specific allegations include that CTO's dividends were less sustainable than claimed, deceptive practices were used to inflate AFFO, and the true profitability of the Ashford Lane property was overstated [3]. Participation Information - Investors who purchased CTO securities during the Class Period are encouraged to file a motion to be appointed as lead plaintiff by the October 7, 2025 deadline [4].