Major Texas shopping center just sold for $82M to out-of-state investor [Yahoo! Finance]
CTO Realty Growth, Inc. (CTO)
NASDAQ:AMEX Investor Relations:
ir.ctlc.com
Company Research
Source: Yahoo! Finance
The Palms Crossing shopping center in southwest McAllen was recently acquired by CTO Realty Growth, Inc. for nearly $82 million. (Courtesy Explore McAllen/City of McAllen) A bustling shopping center in deep South Texas has new owners who recently purchased it for nearly $82 million. CTO Realty Growth, Inc., a publicly owned real estate investment trust headquartered in Daytona Beach, Florida, announced that it had acquired the sprawling Palms Crossing shopping center located in southwestern McAllen, in the Rio Grande Valley. CTO will pay $81.6 million for the 47-acre property, which features 339,000 square feet of retail space laid out in an "open-air" concept, according to a Monday, February 2, news release. With the acquisition, Texas will become CTO's third-largest state based on yearly cash rent. The Palms Crossing shopping center in southwest McAllen was recently acquired by CTO Realty Growth, Inc. for nearly $82 million. (Courtesy Explore McAllen/City of McAllen) Locate
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News
- CTO Realty Growth: Why Bears Have Been Wrong So Far About A Dividend Cut [Seeking Alpha]Seeking Alpha
- CTO Realty Growth: Shopping For Undervalued Shares Of This Growing REIT In Southeast [Seeking Alpha]Seeking Alpha
- CTO Realty Growth Announces Acquisition of Palms Crossing for $81.6 Million [Yahoo! Finance]Yahoo! Finance
- 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
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