CTO Realty Growth Announces Acquisition of Palms Crossing for $81.6 Million [Yahoo! Finance]
CTO Realty Growth, Inc. (CTO)
NASDAQ:AMEX Investor Relations:
ir.ctlc.com
Company Research
Source: Yahoo! Finance
leading owner and operator of high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States, today announced the acquisition of Palms Crossing (the “Property”), an open-air retail center consisting of 399,000 square feet for a purchase price of $81.6 million. Palms Crossing is currently 98% leased, anchored by Best Buy, Hobby Lobby, Burlington Coat Factory, Barnes & Noble and Nike. The Property is located on 47 acres in McAllen, Texas with a population of approximately 200,000 within a five-mile radius. Additionally, the Property features two pad sites situated on approximately six acres representing future development opportunities. With this acquisition, Texas becomes the Company's third largest state by annualized cash base rent (“Cash ABR”) and the percentage of Cash ABR from Georgia, Florida, Texas and North Carolina increases to 85%. The Company plans to initially fund the acquisition with available cash and avail
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News
- CTO Realty Growth Announces Acquisition of Palms Crossing for $81.6 MillionGlobeNewswire
- CTO Realty Growth (NYSE:CTO) had its "buy" rating reaffirmed by analysts at JonesTrading. They now have a $21.00 price target on the stock.MarketBeat
- CTO Realty Growth Inc (CTO) Q4 2025 Earnings Call Highlights: Record Occupancy and Strategic ... [Yahoo! Finance]Yahoo! Finance
- CTO Realty Growth declares $0.38 dividend [Seeking Alpha]Seeking Alpha
- CTO Realty Growth (NYSE:CTO) had its "buy" rating reaffirmed by analysts at Alliance Global Partners.MarketBeat
CTO
Earnings
- 2/19/26 - Beat
CTO
Sec Filings
- 2/19/26 - Form 10-K
- 2/19/26 - Form 8-K
- 2/13/26 - Form 4
- CTO's page on the SEC website