Cto Realty Growth Inc Stock Price, News & Analysis

CTO Realty Growth (NYSE: CTO) will report its Q1 2023 financial results on April 27, 2023, after market close. A conference call to discuss these results is scheduled for April 28, 2023, at 9:00 AM ET. Stakeholders can access the call via a live webcast available on the Company's website. CTO Realty Growth focuses on retail-based properties in high-growth U.S. markets and also manages a significant interest in Alpine Income Property Trust (NYSE: PINE). The event is part of the Company's commitment to transparency and communication with investors.

CTO Realty Growth, Inc. (NYSE: CTO) provided an operational update on March 7, 2023. The company signed 17 leases totaling 131,793 square feet this year, achieving an average cash base rent of $20.69 per square foot, with a 7.7% increase compared to previous rates. CTO announced notable new leases with major brands and transitioned its retail interest in The Exchange at Gwinnett to ownership for $17.1 million. Additionally, the company granted a $15 million mortgage for Founders Square in Dallas. More details can be found in their updated Investor Presentation on their website.

CTO Realty Growth reported a net loss per diluted share of ($0.09) for 2022, down from $1.56 in 2021. Despite the loss, Core FFO per diluted share increased by 34.9% to $1.74. The company achieved a record investment of $314 million in property acquisitions totaling 1.3 million square feet. AFFO per diluted share also rose 26.2% to $1.83. In Q4, net loss per diluted share was ($0.21), with Same-Property NOI decreasing by 6.9% year-over-year. CTO issued 5.0 million shares in a follow-on offering, raising $95.3 million. The company declared a $0.38 dividend for Q1 2023, indicating an 8.1% annualized yield.

CTO Realty Growth, Inc. (NYSE: CTO) announced a quarterly cash dividend of $0.38 per share for Q1 2023, marking a 5.6% year-over-year increase compared to Q1 2022. This dividend offers an annualized yield of 8.2% based on the stock's closing price on February 21, 2023. The payment date is set for March 31, 2023, with the record date on March 9, 2023 and the ex-dividend date on March 8, 2023. Additionally, the Company will pay $0.39844 per share for its 6.375% Series A Cumulative Redeemable Preferred Stock.

CTO Realty Growth (NYSE: CTO) will release its financial and operating results for Q4 and full-year 2022 on February 23, 2023, after market close. A conference call to discuss these results is scheduled for February 24, 2023, at 9:00 AM ET. Interested parties can access the call via a live webcast on the company's Investor Relations page. CTO Realty Growth focuses on owning and managing high-quality retail properties in the U.S. and has a significant interest in Alpine Income Property Trust (NYSE: PINE).

CTO Realty Growth, Inc. (NYSE: CTO) reported record acquisition and disposition activities for 2022. The Company acquired five properties worth $314 million at a 7.5% cash cap rate and originated structured investments of $59.2 million with an 8.2% yield. Dispositions included six properties totaling $81.1 million and mineral rights for $1.7 million, yielding $4.7 million in gains. The Company raised approximately $78 million through stock offerings. As of December 31, 2022, there were 22.85 million shares outstanding, affirming a robust investment strategy in high-growth markets.