CTO Realty Growth Reports First Quarter 2024 Operating Results
CTO Realty Growth, Inc. (CTO)
NASDAQ:AMEX Investor Relations:
ir.ctlc.com
Company Research
Source: GlobeNewswire
WINTER PARK, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter ended March 31, 2024. First Quarter and Recent Highlights Reported Net Income per diluted share attributable to common stockholders of $0.20 for the quarter ended March 31, 2024.Reported Core FFO per diluted share attributable to common stockholders of $0.48 for the quarter ended March 31, 2024.Reported AFFO per diluted share attributable to common stockholders of $0.52 for the quarter ended March 31, 2024.Invested $71.0 million into two retail property acquisitions, totaling 319,066 leasable square feet at a weighted-average going-in cash cap rate of 8.0%. Sold one property for $20.0 million at an exit cap rate of 8.2%, generating a gain of $4.6 million.?? Originated a short term $10.0 million first mortgage retail development loan in Florida, of which $6.7 million was funded during the three months
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News
- CTO Realty Growth: Sun Is Still Shining, We're Still Buying [Seeking Alpha]Seeking Alpha
- With 61% institutional ownership, CTO Realty Growth, Inc. (NYSE:CTO) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
- CTO Realty Growth: A 9% Dividend Yield From Sun Belt Retail Properties [Seeking Alpha]Seeking Alpha
- CTO Realty Growth, Inc. (NYSE: CTO) had its price target lowered by analysts at Jonestrading from $21.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- CTO Realty Growth, Inc. (NYSE:CTO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
CTO
Earnings
- 5/2/24 - Beat
CTO
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/29/24 - Form ARS
- CTO's page on the SEC website