Profile
Sector:
Real EstateIndustry:
DiversifiedCountry:
United StatesIPO:
17 March 1980Website:
http://www.ctoreit.comNext earnings report:
21 February 2025Last dividends:
12 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:00:25 GMTAnalysts recommendations
Institutional Ownership
CTO Latest News
The Federal Reserve's recent 50 bps rate cut and projected future cuts in 2024 signal a potential favorable shift for the REITs sectors. The latest JOLTS Report fell short of expectations. September job openings slid to 7.443M from 7.861M in August, and layoffs and discharges rose, a potential opportunity for more rate cuts. REITs benefit from a lower-rate environment due to reduced borrowing costs and more attractive dividend yields relative to bonds that can drive investor demand and share prices.
CTO Realty (CTO) came out with quarterly funds from operations (FFO) of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to FFO of $0.48 per share a year ago.
WINTER PARK, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter ended September 30, 2024.
CTO Realty Growth pays a high dividend yield and is ideally located in some of the fastest-growing regions in the U.S. The company's diversified portfolio and proactive management have positioned it well for continued growth in the commercial real estate sector. A smaller size REIT, it's also cheaply valued and could potentially make use of very strong tailwinds as it grows alongside its main markets.
Healthy demand for shopping centers and a diverse tenant base are likely to have benefited CTO's Q3 earnings despite rising e-commerce adoption and high interest expenses.
CTO Realty Growth, Inc. offers an 8.1% dividend yield, attractive valuation, and potential for capital gains, making it appealing for income-focused investors. The company benefits from strong occupancy rates, favorable market dynamics, and a growing portfolio, but its small size and higher leverage warrant caution. Despite elevated leverage, CTO Realty maintains a healthy balance sheet with a well-laddered maturity schedule and no exposure to floating interest rates.
- Closed $274 Million in Investments Year-To-Date - - Raised $126 Million Under ATM Program in Third Quarter - - Closed $100 Million Unsecured Term Loan - WINTER PARK, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) an owner and operator of high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States (the “Company”), today provided a business update for the third quarter and year-to-date ended September 30, 2024.
The Fed has initiated a rate-cutting cycle, reducing rates by 50 bps, with potential further cuts in November, setting a positive market outlook. The Dividend Harvesting Portfolio reached an all-time high, with a 24% return on invested capital, emphasizing diversification to mitigate downside risk. Dividend income continues to grow, with a forward projected annualized dividend income of $1,735.68, aiming to exceed $1,900 by year-end.
WINTER PARK, Fla., Sept. 25, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth (NYSE: CTO) (the “Company”) announced today that it will report its financial and operating results for the third quarter of 2024 after the market closes on Thursday, October 24, 2024. The Company will host a conference call to discuss its financial and operating results for the third quarter of 2024 at 9:00 AM ET on Friday, October 25, 2024.
DKL, CTO and VRN made it to the Zacks Rank #1 (Strong Buy) income stocks list on September 16, 2024.
What type of business is CTO Realty Growth?
CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT.
What sector is CTO Realty Growth in?
CTO Realty Growth is in the Real Estate sector
What industry is CTO Realty Growth in?
CTO Realty Growth is in the Diversified industry
What country is CTO Realty Growth from?
CTO Realty Growth is headquartered in United States
When did CTO Realty Growth go public?
CTO Realty Growth initial public offering (IPO) was on 17 March 1980
What is CTO Realty Growth website?
https://www.ctoreit.com
Is CTO Realty Growth in the S&P 500?
No, CTO Realty Growth is not included in the S&P 500 index
Is CTO Realty Growth in the NASDAQ 100?
No, CTO Realty Growth is not included in the NASDAQ 100 index
Is CTO Realty Growth in the Dow Jones?
No, CTO Realty Growth is not included in the Dow Jones index
When was CTO Realty Growth the previous earnings report?
No data
When does CTO Realty Growth earnings report?
The next expected earnings date for CTO Realty Growth is 21 February 2025