Core Viewpoint - A class action lawsuit has been filed against CTO Realty Growth, Inc. for allegedly misleading investors regarding the sustainability of its dividends and financial practices during the class period from February 18, 2021, to June 24, 2025 [8]. Allegation Details - The lawsuit claims that CTO's dividends were less sustainable than represented, and the company used deceptive practices to inflate its Adjusted Funds from Operations (AFFO) and overstate the profitability of its Ashford Lane property [8]. - A report by Wolfpack Research accused CTO of not generating sufficient cash to cover its recurring capital expenditures and dividends since its conversion to a REIT in 2021, relying instead on dilution, which increased shares outstanding by 70% since December 2022 [8]. - The report highlighted that CTO had only $8.4 million in cash while facing quarterly dividends of $14 million and average recurring capital expenditures of $5.7 million, along with an additional $12 million in planned capital expenditures [8]. Next Steps - Investors who purchased CTO shares and suffered losses are encouraged to contact Bragar Eagel & Squire for more information and to discuss their legal rights [4]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is October 7, 2025 [8]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across the United States [5].
CTO DEADLINE REMINDER: Bragar Eagel & Squire, P.C. Urges Investors to Contact the Firm Before the October 7th Deadline