CTO Realty Growth: Back In Growth Mode

MasaoTaira Summary In our last update on CTO (NYSE:CTO), we moved the shares from a Buy to a Hold primarily due to the near-term headwinds posed by the WeWork bankruptcy. The shares had remained rangebound since the last article, and we added to our position in the low-16s. The Q4 earnings report blew past our expectations and gave us confidence that the recent headwinds are behind us. Strong leasing activity, share repurchase activity, and the sale of the remaining subsurface interests drove a meaningf ...