CTO Realty Growth Announces the Sale of an Atlanta Asset for $73.3 Million
Rhea-AI Summary
CTO Realty Growth (NYSE: CTO) sold Madison Yards, a 163,000-square-foot grocery-anchored shopping center in Atlanta, for $73.3 million, or $451 per square foot.
The company highlighted this disposition as part of its capital recycling strategy, supporting its recent $81.6 million Palms Crossing purchase and an under-contract Dallas power center acquisition of about $53 million expected near the end of Q2 2026.
Positive
- Madison Yards sold for $73.3 million at $451 per square foot
- Capital recycling supports $81.6 million Palms Crossing acquisition in Texas
- Planned Dallas power center acquisition under contract for approximately $53 million
- AMC Theaters exposure reduced to two locations
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 27 | Dividend declaration | Positive | +1.0% | Announced Q2 2026 common and preferred dividends with defined payment schedule. |
| Apr 28 | Q1 2026 earnings | Positive | +3.7% | Reported higher Net income, Core FFO, AFFO and raised 2026 guidance and investment plan. |
| Mar 26 | Earnings call setup | Neutral | -0.7% | Scheduled Q1 2026 earnings release and conference call with webcast details. |
| Mar 02 | Palms Crossing buy | Positive | +0.8% | Acquired 399,000 sq ft Palms Crossing center in Texas for $81.6M at high occupancy. |
| Feb 19 | FY 2025 earnings | Positive | +3.8% | Reported record occupancy, strong 2025 investments and positive same-property NOI growth. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent fundamentally positive updates (earnings, acquisitions, dividends) have typically coincided with modestly positive next-day price moves.
Over the last few months, CTO has focused on growth and capital deployment. Q4 2025 and Q1 2026 results highlighted higher occupancy, rising NOI, and raised 2026 Core FFO and AFFO guidance. The company executed an $81.6M Palms Crossing acquisition and maintained regular dividends, including a Q2 2026 payout of $0.38 per common share. This new Atlanta asset sale and planned Dallas-area purchase fit within that ongoing capital recycling and investment expansion theme.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WINTER PARK, Fla., June 01, 2026 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”), an owner and operator of high-quality open-air retail centers located primarily in high-growth markets across the Southeast and Southwest, announced today the sale of Madison Yards, a 163,000-square-foot grocery-anchored shopping center in Atlanta, Georgia (the “Property”) for
“This disposition executes on our capital recycling strategy, allowing us to redeploy capital into higher-yielding opportunities such as our recent
Additionally, the Company is under contract to acquire a power center located in the Dallas, Texas metro area for a gross purchase price of approximately
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 “outlook,” “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.
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, distress in the banking sector, global supply chain disruptions, and ongoing geopolitical war; credit risk associated with the Company investing in commercial loans and similarly structured investments; the ultimate geographic spread, severity and duration of pandemics such as the COVID-19 Pandemic and its variants, 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 or borrowers 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 factors set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 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