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.
CTO Realty Growth, Inc. reports developments for a real estate investment trust that owns and operates open-air shopping centers located primarily in higher-growth U.S. markets, with emphasis on the Southeast and Southwest. Company updates commonly address retail leasing, leased occupancy, same-property net operating income, signed-not-open rent pipelines, property acquisitions and dispositions, and structured investment activity.
Recurring releases also cover quarterly and annual operating results, Core FFO guidance, capital recycling, preferred investments, and property-level tenant activity at centers such as The Collection at Forsyth and Marketplace at Seminole Towne Center. The company’s business includes income properties, management services, commercial loans and investments, and real estate operations.
CTO Realty Growth (NYSE: CTO) has declared a quarterly cash dividend of $0.38 per share of common stock for Q2 2024. This represents an annualized yield of approximately 8.7% based on the stock's closing price on May 24, 2024. The dividend is payable on June 28, 2024, to shareholders of record as of June 13, 2024, with an ex-dividend date of June 12, 2024.
Additionally, CTO declared a quarterly cash dividend of $0.39844 per share for its 6.375% Series A Cumulative Redeemable Preferred Stock, also payable on June 28, 2024, to shareholders of record as of June 13, 2024.
CTO Realty Growth is a publicly traded real estate investment trust owning and managing retail properties in high-growth U.S. markets. They also manage and hold a significant interest in Alpine Income Property Trust (NYSE: PINE).
CTO Realty Growth, Inc. reported strong operating results for the first quarter of 2024, with significant increases in net income, Core FFO, and AFFO. The company made strategic property acquisitions, increased leasing activities, and raised its full-year guidance. The CEO expressed satisfaction with the performance and highlighted positive leasing momentum.
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