Cto Realty Growth Inc Financials

CTO

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Piotroski F-Score Neutral

4/9

Cto Realty Growth Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-35.29x

For every $1 of reported earnings, Cto Realty Growth Inc generates $-35.29 in operating cash flow ($69.3M OCF vs -$2.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

0.8x

Cto Realty Growth Inc earns $0.8 in operating income for every $1 of interest expense ($17.6M vs $22.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Cto Realty Growth Inc (CTO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$124.5M

YoY+14.1%

5Y CAGR+22.6%

10Y CAGR+13.2%

Cto Realty Growth Inc generated $124.5M in revenue in fiscal year 2024. This represents an increase of 14.1% from the prior year.

EBITDA

$82.7M

YoY+17.0%

5Y CAGR+10.6%

10Y CAGR+17.8%

Cto Realty Growth Inc's EBITDA was $82.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.0% from the prior year.

Free Cash Flow

N/A

Net Income

-$2.0M

YoY-135.5%

Cto Realty Growth Inc reported -$2.0M in net income in fiscal year 2024. This represents a decrease of 135.5% from the prior year.

EPS (Diluted)

$-0.35

YoY-1266.7%

Cto Realty Growth Inc earned $-0.35 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 1266.7% from the prior year.

Cash & Debt

$9.0M

YoY-11.7%

5Y CAGR+6.8%

10Y CAGR+17.0%

Cto Realty Growth Inc held $9.0M in cash against $519.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

32M

YoY+40.6%

Cto Realty Growth Inc had 32M shares outstanding in fiscal year 2024. This represents an increase of 40.6% from the prior year.

Gross Margin

73.3%

YoY+1.0pp

5Y CAGR-10.9pp

Cto Realty Growth Inc's gross margin was 73.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.

Operating Margin

14.1%

YoY-10.2pp

5Y CAGR-62.0pp

10Y CAGR-20.8pp

Cto Realty Growth Inc's operating margin was 14.1% in fiscal year 2024, reflecting core business profitability. This is down 10.2 percentage points from the prior year.

Net Margin

-1.6%

YoY-6.7pp

5Y CAGR-257.4pp

10Y CAGR-19.3pp

Cto Realty Growth Inc's net profit margin was -1.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 6.7 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$664K

YoY-89.7%

5Y CAGR-56.2%

10Y CAGR-3.3%

Cto Realty Growth Inc spent $664K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 89.7% from the prior year.

Capital Expenditures

N/A

CTO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$124.5M+14.1%	$109.1M+32.6%	$82.3M+17.1%	$70.3M+24.6%	$56.4M+25.5%	$44.9M
Cost of Revenue	$33.2M+10.1%	$30.2M+32.0%	$22.9M+1.9%	$22.4M+47.5%	$15.2M+114.1%	$7.1M
Gross Profit	$91.3M+15.7%	$78.9M+32.8%	$59.5M+24.3%	$47.8M+16.2%	$41.2M+8.8%	$37.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$16.3M+14.2%	$14.2M+10.5%	$12.9M+15.1%	$11.2M-3.2%	$11.6M+17.8%	$9.8M
Operating Income	$17.6M-33.6%	$26.5M+148.5%	$10.7M-54.3%	$23.3M+90.1%	$12.3M-64.1%	$34.2M
Interest Expense	$22.5M+0.7%	$22.4M+101.2%	$11.1M+24.5%	$8.9M-17.6%	$10.8M-13.1%	$12.5M
Income Tax	-$339K-156.1%	$604K+121.3%	-$2.8M+8.1%	-$3.1M+96.3%	-$83.5M-1625.9%	$5.5M
Net Income	-$2.0M-135.5%	$5.5M+75.1%	$3.2M-89.5%	$29.9M-61.9%	$78.5M-31.7%	$115.0M
EPS (Diluted)	$-0.35-1266.7%	$0.03+133.3%	$-0.09-105.8%	$1.56	$5.56-75.8%	$23.00

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$37.8M+0.3%	$37.6M+5.1%	$35.8M+0.2%	$35.7M+23.9%	$28.8M+2.6%	$28.1M-5.9%	$29.9M+5.0%	$28.5M
Cost of Revenue	$9.3M-8.9%	$10.2M+14.5%	$8.9M-2.9%	$9.2M+9.8%	$8.3M+10.1%	$7.6M-10.1%	$8.4M+16.7%	$7.2M
Gross Profit	$28.5M+3.7%	$27.5M+2.0%	$26.9M+1.3%	$26.6M+29.7%	$20.5M-0.2%	$20.6M-4.2%	$21.5M+1.0%	$21.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.8M+7.5%	$4.4M-5.0%	$4.7M+3.6%	$4.5M+30.6%	$3.5M-18.0%	$4.2M+12.2%	$3.8M+9.2%	$3.4M
Operating Income	$10.0M+179.1%	-$12.7M-261.0%	$7.9M+207.8%	-$7.3M-234.5%	$5.4M-62.6%	$14.5M+42.6%	$10.2M+32.5%	$7.7M
Interest Expense	$6.8M-0.4%	$6.9M+11.8%	$6.1M+6.6%	$5.8M+2.7%	$5.6M+1.4%	$5.5M-10.8%	$6.2M-1.9%	$6.3M
Income Tax	$58K-70.1%	$194K+280.4%	$51K+111.7%	-$437K-698.6%	$73K+168.2%	-$107K-146.7%	$229K+269.6%	-$135K
Net Income	$2.9M+112.4%	-$23.4M-1135.7%	$2.3M+114.9%	-$15.2M-1386.3%	$1.2M-79.8%	$5.8M-17.0%	$7.0M+162.0%	$2.7M
EPS (Diluted)	$0.03+103.9%	$-0.77-7800.0%	$0.01+101.4%	$-0.69-2200.0%	$-0.03-115.0%	$0.20-20.0%	$0.25+257.1%	$0.07

CTO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.2B+19.4%	$989.7M+0.3%	$986.5M+34.6%	$733.1M+10.0%	$666.7M-5.2%	$703.3M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$9.0M-11.7%	$10.2M-47.2%	$19.3M+124.4%	$8.6M+100.9%	$4.3M-33.8%	$6.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$568.8M+6.9%	$532.1M+10.5%	$481.8M+59.2%	$302.7M-4.2%	$315.8M-24.4%	$417.9M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$519.0M+4.8%	$495.4M+11.2%	$445.6M+60.1%	$278.3M+1.6%	$273.8M-4.7%	$287.2M
Total Equity	$612.8M+33.9%	$457.5M-9.4%	$504.8M+17.3%	$430.5M+22.7%	$350.9M+22.9%	$285.4M
Retained Earnings	$232.1M-17.7%	$281.9M-10.9%	$316.3M-7.9%	$343.5M+1.0%	$339.9M+4.2%	$326.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$1.2B-0.9%	$1.2B-0.9%	$1.2B+5.3%	$1.2B+17.0%	$1.0B-3.0%	$1.0B+5.2%	$989.7M-7.2%	$1.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$9.3M+8.5%	$8.6M+1.5%	$8.4M-6.5%	$9.0M+88.1%	$4.8M-29.1%	$6.8M-33.8%	$10.2M+45.6%	$7.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$665.1M+0.9%	$659.2M+1.4%	$650.0M+14.3%	$568.8M+9.8%	$518.0M-10.5%	$578.8M+8.8%	$532.1M-9.5%	$588.3M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$604.2M-0.2%	$605.4M+0.5%	$602.2M+16.0%	$519.0M+7.5%	$482.7M-11.0%	$542.0M+9.4%	$495.4M-9.6%	$548.2M
Total Equity	$557.3M-2.9%	$574.1M-3.3%	$593.9M-3.1%	$612.8M+24.6%	$491.8M+6.4%	$462.2M+1.0%	$457.5M-4.3%	$478.1M
Retained Earnings	$170.8M-6.3%	$182.4M-17.2%	$220.3M-5.1%	$232.1M-13.5%	$268.3M-3.4%	$277.7M-1.5%	$281.9M-1.0%	$284.8M

CTO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$69.3M+49.4%	$46.4M-17.2%	$56.1M+103.4%	$27.6M+62.9%	$16.9M+3.2%	$16.4M
Capital Expenditures	N/A	N/A	$385.2M+50.0%	$256.9M+31.0%	$196.0M+4.5%	$187.5M
Free Cash Flow	N/A	N/A	-$329.1M-43.5%	-$229.3M-28.0%	-$179.1M-4.7%	-$171.1M
Investing Cash Flow	-$242.2M-360.7%	-$52.6M+80.4%	-$267.6M-159.9%	-$103.0M-13.0%	-$91.1M-188.4%	$103.1M
Financing Cash Flow	$172.3M+6133.1%	$2.8M-98.6%	$201.4M+176.2%	$72.9M+371.2%	-$26.9M-363.2%	-$5.8M
Dividends Paid	$40.3M+17.6%	$34.3M+18.6%	$28.9M+22.5%	$23.6M+63.0%	$14.5M+558.3%	$2.2M
Share Buybacks	$664K-89.7%	$6.4M+130.6%	$2.8M+26.3%	$2.2M-46.1%	$4.1M-90.0%	$41.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$25.5M+16.3%	$21.9M+112.6%	$10.3M-56.2%	$23.5M+82.5%	$12.9M+9.6%	$11.8M+81.5%	$6.5M-56.6%	$14.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$6.9M+11.9%	-$7.8M+90.4%	-$80.7M-200.8%	-$26.8M-338.8%	$11.2M+121.6%	-$52.0M-213.7%	$45.7M+460.8%	$8.2M
Financing Cash Flow	-$19.9M-86.7%	-$10.7M-115.6%	$68.4M+533.3%	$10.8M+132.9%	-$32.8M-188.1%	$37.2M+158.1%	-$64.0M-1723.9%	-$3.5M
Dividends Paid	$12.4M-0.3%	$12.4M+3.4%	$12.0M+0.6%	$11.9M+37.1%	$8.7M+1.2%	$8.6M+0.9%	$8.5M-0.3%	$8.5M
Share Buybacks	$4.3M	N/A	N/A	$0	$0-100.0%	$664K-47.6%	$1.3M+1356.3%	$87K

CTO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	73.3%+1.0pp	72.3%+0.1pp	72.2%+4.2pp	68.1%-4.9pp	73.0%-11.2pp	84.2%
Operating Margin	14.1%-10.2pp	24.3%+11.3pp	13.0%-20.3pp	33.2%+11.4pp	21.8%-54.3pp	76.1%
Net Margin	-1.6%-6.7pp	5.1%+1.2pp	3.8%-38.8pp	42.6%-96.6pp	139.3%-116.6pp	255.8%
Return on Equity	N/A	1.2%+0.6pp	0.6%-6.3pp	7.0%-15.4pp	22.4%-17.9pp	40.3%
Return on Assets	-0.2%-0.7pp	0.6%+0.2pp	0.3%-3.8pp	4.1%-7.7pp	11.8%-4.6pp	16.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.85-0.2	1.08+0.2	0.88+0.2	0.65-0.1	0.78-0.2	1.01
FCF Margin	N/A	N/A	-399.7%-73.5pp	-326.3%-8.6pp	-317.7%+63.1pp	-380.8%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	75.4%+2.5pp	73.0%-2.2pp	75.2%+0.8pp	74.4%+3.3pp	71.1%-2.0pp	73.1%+1.2pp	71.8%-2.8pp	74.7%
Operating Margin	26.6%+60.2pp	-33.7%-55.7pp	22.0%+42.4pp	-20.4%-39.3pp	18.8%-32.8pp	51.6%+17.6pp	34.1%+7.1pp	27.0%
Net Margin	7.7%+69.9pp	-62.2%-68.5pp	6.3%+48.9pp	-42.6%-46.7pp	4.1%-16.7pp	20.8%-2.8pp	23.5%+14.1pp	9.4%
Return on Equity	0.5%	N/A	0.4%-0.7pp	1.1%+0.8pp	0.2%-1.0pp	1.3%-0.3pp	1.5%+1.0pp	0.6%
Return on Assets	0.2%+2.1pp	-1.9%-2.1pp	0.2%+1.5pp	-1.3%-1.4pp	0.1%-0.4pp	0.6%-0.2pp	0.7%+0.5pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.08+0.0	1.05+0.0	1.01+0.2	0.85-0.1	0.98-0.2	1.17+0.1	1.08-0.1	1.15
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Cto Realty Growth Inc's annual revenue?

Cto Realty Growth Inc (CTO) reported $124.5M in total revenue for fiscal year 2024. This represents a 14.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cto Realty Growth Inc's revenue growing?

Cto Realty Growth Inc (CTO) revenue grew by 14.1% year-over-year, from $109.1M to $124.5M in fiscal year 2024.

Is Cto Realty Growth Inc profitable?

No, Cto Realty Growth Inc (CTO) reported a net income of -$2.0M in fiscal year 2024, with a net profit margin of -1.6%.

What is Cto Realty Growth Inc's earnings per share (EPS)?

Cto Realty Growth Inc (CTO) reported diluted earnings per share of $-0.35 for fiscal year 2024. This represents a -1266.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Cto Realty Growth Inc's EBITDA?

Cto Realty Growth Inc (CTO) had EBITDA of $82.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cto Realty Growth Inc have?

As of fiscal year 2024, Cto Realty Growth Inc (CTO) had $9.0M in cash and equivalents against $519.0M in long-term debt.

What is Cto Realty Growth Inc's gross margin?

Cto Realty Growth Inc (CTO) had a gross margin of 73.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cto Realty Growth Inc's operating margin?

Cto Realty Growth Inc (CTO) had an operating margin of 14.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Cto Realty Growth Inc's net profit margin?

Cto Realty Growth Inc (CTO) had a net profit margin of -1.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Cto Realty Growth Inc's operating cash flow?

Cto Realty Growth Inc (CTO) generated $69.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Cto Realty Growth Inc's total assets?

Cto Realty Growth Inc (CTO) had $1.2B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Cto Realty Growth Inc buy back shares?

Yes, Cto Realty Growth Inc (CTO) spent $664K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Cto Realty Growth Inc have outstanding?

Cto Realty Growth Inc (CTO) had 32M shares outstanding as of fiscal year 2024.

What is Cto Realty Growth Inc's debt-to-equity ratio?

Cto Realty Growth Inc (CTO) had a debt-to-equity ratio of 0.85 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cto Realty Growth Inc's return on assets (ROA)?

Cto Realty Growth Inc (CTO) had a return on assets of -0.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Cto Realty Growth Inc's Piotroski F-Score?

Cto Realty Growth Inc (CTO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cto Realty Growth Inc's earnings high quality?

Cto Realty Growth Inc (CTO) has an earnings quality ratio of -35.29x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cto Realty Growth Inc cover its interest payments?

Cto Realty Growth Inc (CTO) has an interest coverage ratio of 0.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.