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. (NYSE: CTO) is a real estate company that owns and operates high-quality, open-air retail centers and other income-producing properties, primarily in higher-growth markets in the Southeast and Southwest regions of the United States. This news page aggregates company press releases and third-party coverage related to CTO’s properties, leasing activity, capital allocation, and corporate actions.
Readers can follow updates on acquisitions and dispositions of shopping centers and lifestyle properties, such as the company’s purchase of Pompano Citi Centre in the Pompano Beach submarket of Fort Lauderdale, Florida, and the sale of the Shops at Legacy North in Dallas, Texas. News items also highlight leasing milestones, including new anchor tenants, national retailers opening at centers like Marketplace at Seminole Towne Center and Beaver Creek Crossings, and occupancy levels at premier destinations such as The Collection at Forsyth.
CTO Realty Growth’s announcements frequently cover leasing spreads, occupancy achievements, and tenant mix developments across its portfolio, as well as updates on non-core assets like its fully leased office building in Albuquerque, New Mexico. Corporate and financial news, including dividend declarations, share repurchase programs, credit agreement amendments, and earnings releases, are also reflected in the company’s communications and related SEC filings.
By reviewing this page, investors and observers can see how CTO Realty Growth manages its open-air retail centers, works with national and regional tenants, and deploys capital through acquisitions, dispositions, and structured investments. The news feed provides a centralized view of the company’s recent property-level and corporate developments.
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.
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