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CTO Realty Growth Inc - CTO STOCK NEWS

Welcome to our dedicated news page for CTO Realty Growth (Ticker: CTO), a resource for investors and traders seeking the latest updates and insights on CTO Realty Growth.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CTO Realty Growth's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CTO Realty Growth's position in the market.

Rhea-AI Summary
CTO Realty Growth, Inc. announced its operating results for the quarter and year ended December 31, 2023. Key highlights include reported net income per diluted share of $0.03, Core FFO per diluted share of $1.77, and AFFO per diluted share of $1.91. The company invested in retail property acquisitions, originated first mortgages, and sold income properties. Despite a decrease in Same-Property NOI, the company signed comparable leases and repurchased shares. CEO John P. Albright highlighted strong operational performance and strategic initiatives for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.73%
Tags
earnings
-
Rhea-AI Summary
CTO Realty Growth, Inc. (NYSE: CTO) declares a quarterly cash dividend of $0.38 per share for common stock and $0.39844 per share for preferred stock for the first quarter of 2024, with an annualized yield of approximately 9.3% for common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
dividends earnings
-
Rhea-AI Summary
CTO Realty Growth (NYSE: CTO) will report its financial and operating results for the fourth quarter and full year 2023 on February 22, 2024, followed by a conference call on February 23, 2024. The live webcast and call details are available on the Investor Relations page of the Company’s website. Participants are encouraged to register and dial into the conference call at least fifteen minutes ahead of the scheduled start time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.41%
Tags
earnings
Rhea-AI Summary
CTO Realty Growth, Inc. (NYSE: CTO) announced its 2023 investment, disposition, and leasing activities, including acquiring retail properties and land parcels, generating gains from property sales, and signing numerous leases. The company also provided a capital markets update, including share repurchases and preferred stock repurchases.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
buyback
-
Rhea-AI Summary
CTO Realty Growth, Inc. (NYSE: CTO) announced the closing of the sale of Sabal Pavilion, a 120,500 square foot single tenant office property in Tampa, Florida. The property was sold for $22.0 million, resulting in a loss on sale of approximately $0.7 million. Year-to-date, the company has sold nine properties for a total disposition volume of $87.1 million at a weighted average exit cap rate of 7.5%, generating gains on sales of $6.3 million. The company aims to complete its non-core property disposition program and reinvest the proceeds into higher growth, larger format retail, and mixed-use properties. The company expects to utilize the sales proceeds as part of a Section 1031 like-kind exchange and intends to use available proceeds to repay a portion of the outstanding balance under its revolving unsecured credit facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
none
-
Rhea-AI Summary
CTO Realty Growth, Inc. (NYSE: CTO) announced the sale of three single tenant outparcels in Chandler, Arizona for $9.2 million, with a weighted average exit cap rate of 5.9%. Year-to-date, the company has sold eight properties for $65.1 million at a 6.4% cap rate, generating gains on sales of $7.1 million. The sales proceeds were used in a Section 1031 like-kind exchange, repaying $64 million of debt under its unsecured revolving credit facility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
none
Rhea-AI Summary
CTO Realty Growth, Inc. (CTO) announced the sale of Eastern Commons, a 129,600 square foot shopping center in Henderson, Nevada, for $18.2 million, resulting in a 7.4% exit cap rate and a gain of $1.7 million. The company plans to use the proceeds for a Section 1031 like-kind exchange and to repay part of its revolving unsecured credit facility. Currently, the company holds approximately $53.7 million in 1031 restricted cash accounts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.97%
Tags
none
-
Rhea-AI Summary
CTO Realty Growth, Inc. (CTO) declares a quarterly cash dividend of $0.38 per share of common stock for Q4 2023, representing an annualized yield of approximately 9.1%. Additionally, a quarterly cash dividend of $0.39844 per share of the Company’s 6.375% Series A Cumulative Redeemable Preferred Stock has been declared for Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
dividends earnings
-
Rhea-AI Summary
CTO Realty Growth, Inc. announced its operating results for Q3 2023. Net Income per diluted share was $0.07, Core FFO per diluted share was $0.47, and AFFO per diluted share was $0.48. The company sold two properties for $20.9 million and reported a decrease in Same-Property NOI of (4.5%). They also increased full-year Core FFO per diluted share guidance by 4.9% and full-year AFFO per diluted share guidance by 4.5%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.44%
Tags
earnings
Rhea-AI Summary
CTO Realty Growth, Inc. announces sale of Reston Metro Center II for $18.5 million, generating a gain on sale of $1.3 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
Tags
none
CTO Realty Growth Inc

NYSE:CTO

CTO Rankings

CTO Stock Data

389.80M
19.93M
11.27%
62.22%
3.89%
Lessors of Other Real Estate Property
Real Estate and Rental and Leasing
Link
US
Daytona Beach

About CTO

consolidated-tomoka land co. is a florida-based publicly traded real estate company, which owns a portfolio of income investments in diversified markets in the united states including approximately 2.3 million square feet of income properties, as well as approximately 5,300 acres of land in the daytona beach area. the company’s business strategy includes becoming a company with a more predictable earnings pattern from geographically dispersed real estate holdings. currently the company has 49 income properties located in 15 states across the u.s.