CTO Realty Growth Announces Acquisition of Pompano Citi Centre for $65.2 Million

Rhea-AI Summary

CTO Realty Growth (NYSE: CTO) announced the acquisition of Pompano Citi Centre in Pompano Beach, FL for a purchase price of $65.2 million on December 18, 2025. The Property includes 509,000 sq ft of operating space (currently 92% occupied) plus 62,000 sq ft of unfinished shell space, and is anchored by Burlington, TJ Maxx, Nordstrom Rack, Ross, and J.C. Penney. The site sits on 35 acres at Federal Highway and Copans Road, with a five-mile trade area averaging $105,000 household income and >250,000 population.

The company said the deal marks its first entry into the Fort Lauderdale market, is expected to be accretive to an anticipated disposition, and brings year-to-date investment volume to $149.9 million.

Positive

• Acquisition price of $65.2 million
• 509,000 sq ft operating area with 92% occupancy
• 62,000 sq ft unfinished shell offers leasing upside
• First entry into the Fort Lauderdale market
• YTD investment volume increased to $149.9 million

Negative

• Remaining vacancy of 8% in operating space (≈40,720 sq ft)
• 62,000 sq ft shell requires leasing/capital to realize value

Key Figures

Purchase price $65.2 million Acquisition of Pompano Citi Centre

Site size 35 acres Land area of Pompano Citi Centre

Operating space 509,000 sq ft Operating space at the Property

Occupancy 92% Current occupancy of operating space

Unfinished shell 62,000 sq ft Unfinished shell space with leasing upside

Household income $105,000 Average household income in surrounding trade area

Local population 250,000+ Population within a five-mile radius

YTD investment volume $149.9 million Year-to-date investment volume including this acquisition

Market Reality Check

$18.35 Last Close

Volume Volume 301,605 is 9% above the 20-day average of 275,582. normal

Technical Price $18.06 is trading above the 200-day MA at $17.47.

Peers on Argus

CTO was up 1.86% with mostly positive peer moves (e.g., SAFE +1.47%, GNL +1.30%, OLP +1.18%, GOOD +1.10%, while AHH slipped 0.29%). Scanner data did not flag a coordinated sector momentum move.

Common Catalyst A peer, GNL, reported preferred stock dividends, but there is no broad, shared news theme across diversified REIT peers today.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Tenant openings	Positive	-0.2%	Grand openings of new fitness and dining tenants at Beaver Creek Crossings.
Dec 08	Leasing update	Positive	-0.3%	Albuquerque office building reaching 100% leased with long-term state and Fidelity leases.
Nov 18	Dividend declaration	Positive	-1.4%	Q4 2025 common dividend of <b>$0.38</b> per share and preferred dividend announcement.
Nov 14	Leasing update	Positive	+0.2%	Shops at Legacy leasing gains including a 30,000 sq ft, 10-year co-working lease.
Nov 06	Tenant opening	Positive	+1.7%	Grand opening of The Picklr at The Collection at Forsyth, supporting 91% occupancy.

Pattern Detected

Recent positive operational and dividend updates have often seen muted or negative next-day price reactions, indicating frequent divergence between news tone and short-term trading.

Recent Company History

Over the last few months, CTO has focused on leasing and tenant mix enhancements across multiple centers, alongside consistent dividend payments. Updates on full occupancy in Albuquerque, new fitness and dining concepts in North Carolina, and leasing progress in Dallas and Georgia have generally been constructive. However, share price reactions have frequently been modest or negative despite positive fundamentals, suggesting that operational wins have not consistently translated into strong short-term price support ahead of this Dec 18, 2025 acquisition announcement.

Market Pulse Summary

This announcement adds a $65.2 million acquisition of Pompano Citi Centre, a 509,000 sq ft open-air center that is 92% occupied with 62,000 sq ft of shell space for future leasing. Management highlighted mark-to-market rent potential and noted year-to-date investment volume of $149.9 million. Investors may track subsequent leasing progress, rental rate changes, and how this Florida asset fits with prior acquisitions like Ashley Park when evaluating long-term portfolio impact.

Key Terms

mark-to-market rent financial

"create long-term value through strategic mark-to-market rent opportunities and incremental leasing"

Mark-to-market rent is a method of updating the value of rental income to reflect current market rates. It ensures that the rent a property earns aligns with what similar spaces are being leased for today, rather than relying on outdated agreements. For investors, this helps provide a more accurate picture of a property's ongoing income potential and overall value.

forward-looking statements regulatory

"Certain statements contained in this press release ... are forward-looking statements within the meaning of Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

WINTER PARK, Fla., Dec. 18, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”), a 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 Pompano Citi Centre (the “Property”), an open-air retail center located on 35 acres in the Pompano Beach submarket of Fort Lauderdale, Florida, for a purchase price of $65.2 million.

The Property consists of 509,000 square feet of operating space, currently 92% occupied, along with 62,000 square feet of unfinished shell space primarily on the second level presenting future leasing upside. Pompano Citi Centre is anchored by Burlington, TJ Maxx, Nordstrom Rack, Ross Dress for Less, and J.C. Penney. The Property enjoys a prime location at the high-traffic intersection of Federal Highway and Copans Road, offering visibility and access. The surrounding trade area is robust, with an average household income of $105,000 and population of more than 250,000 within a five-mile radius.

"This acquisition expands our Florida footprint and marks our first entry into the Fort Lauderdale market,” said John P. Albright, President and Chief Executive Officer of CTO Realty Growth, Inc. "We see an attractive opportunity to create long-term value through strategic mark-to-market rent opportunities and incremental leasing. Further, this transaction is accretive to an anticipated property disposition and brings the year-to-date investment volume to $149.9 million.”

Cushman & Wakefield served as the exclusive advisor to the seller in this transaction, and Avenue Real Estate Partners has been engaged to manage leasing for the Property on behalf of the Company.

About CTO Realty Growth, Inc.

CTO Realty Growth, Inc. owns and operates high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE).

We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com.

Safe Harbor

Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can typically be identified by words such as “believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,” “project,” and similar expressions, as well as variations or negatives of these words. Examples of forward-looking statements in this press release include, without limitation, statements regarding the Company’s acquisition of the Property with below-market rents, providing an opportunity to unlock long-term value through strategic lease-up and mark-to-market rent opportunities.

Although forward-looking statements are made based upon management’s present expectations and beliefs concerning future developments and their potential effect upon the Company, a number of factors could cause the Company’s actual results to differ materially from those set forth in the forward-looking statements. Such factors may include, but are not limited to: the Company’s ability to remain qualified as a REIT; the Company’s exposure to U.S. federal and state income tax law changes, including changes to the REIT requirements; general adverse economic and real estate conditions; macroeconomic and geopolitical factors, including but not limited to inflationary pressures, interest rate volatility, tariffs, distress in the banking sector, global supply chain disruptions, and ongoing geopolitical war; credit risk associated with the Company investing in structured investments; the ultimate geographic spread, severity and duration of pandemics, actions that may be taken by governmental authorities to contain or address the impact of such pandemics, and the potential negative impacts of such pandemics on the global economy and the Company’s financial condition and results of operations; the inability of major tenants to continue paying their rent or obligations due to bankruptcy, insolvency or a general downturn in their business; the loss or failure, or decline in the business or assets of PINE; the completion of 1031 exchange transactions; the availability of investment properties that meet the Company’s investment goals and criteria; the uncertainties associated with obtaining required governmental permits and satisfying other closing conditions for planned acquisitions and sales; and the uncertainties and risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission.

There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

Contact:
Investor Relations
ir@ctoreit.com

FAQ

What did CTO announce on December 18, 2025 regarding Pompano Citi Centre (CTO)?

CTO announced the acquisition of Pompano Citi Centre in Pompano Beach, FL for $65.2 million.

How large is Pompano Citi Centre and what is its occupancy for CTO (CTO)?

The Property includes 509,000 sq ft of operating space at 92% occupancy, plus 62,000 sq ft of unfinished shell.

Which major tenants anchor Pompano Citi Centre acquired by CTO (CTO)?

Anchors include Burlington, TJ Maxx, Nordstrom Rack, Ross Dress for Less, and J.C. Penney.

How does the Pompano acquisition affect CTO's 2025 investment activity (CTO)?

CTO said the acquisition brings year-to-date investment volume to $149.9 million and is accretive to an anticipated disposition.

Where is Pompano Citi Centre located and what are local demographics relevant to CTO (CTO)?

The center sits on 35 acres at Federal Highway and Copans Road in Pompano Beach, with a five-mile trade area averaging $105,000 household income and >250,000 population.