Welcome to our dedicated page for CTO Realty Growth news (Ticker: $CTO), a resource for investors and traders seeking the latest updates and insights on CTO Realty Growth stock.
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News
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.
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-1.41%
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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.
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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.
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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.
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1.45%
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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.
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0.97%
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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.
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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%.
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CTO Realty Growth, Inc. announces sale of Reston Metro Center II for $18.5 million, generating a gain on sale of $1.3 million.
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-1.73%
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CTO Realty Growth (NYSE: CTO) will report Q3 2023 financial and operating results on October 26, 2023. Conference call scheduled for October 27, 2023 at 9:00 AM ET.
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-1.06%
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CTO Realty Growth, Inc. declares quarterly cash dividends for Q3 2023.
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2.85%
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CTO Realty Growth, Inc.
NYSE:CTO
CTO Rankings
CTO Stock Data
389.60M
19.92M
11.39%
62.37%
3.75%
Lessors of Other Real Estate Property
Real Estate and Rental and Leasing
United States of America
WINTER PARK
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.