CTO Realty Growth Inc
NYSE:CTO
CTO Realty Growth Inc
CTO Realty Growth, Inc. operates as a real estate company. The company is headquartered in Daytona Beach, Florida and currently employs 19 full-time employees. The firm owns income properties comprised of approximately 2.7 million square feet in diversified markets in the United States and an approximately 15.6% interest in Alpine Income Property Trust, Inc. (PINE), a net lease real estate investment trust. Its segments include Income Property, Management Services, Commercial Loan Investments and Real Estate Operations. The company owns approximately 22 income properties located in 11 states across the United States. Management Services segment includes a fee-based management business that is engaged in managing PINE. Commercial Loan Investments segment includes a portfolio of commercial loan investments. Real Estate Operations segment includes a portfolio of mineral interests consisting of approximately 370,000subsurface acres in 19 counties in the state of Florida and a portfolio of mitigation credits.
CTO Realty Growth, Inc. operates as a real estate company. The company is headquartered in Daytona Beach, Florida and currently employs 19 full-time employees. The firm owns income properties comprised of approximately 2.7 million square feet in diversified markets in the United States and an approximately 15.6% interest in Alpine Income Property Trust, Inc. (PINE), a net lease real estate investment trust. Its segments include Income Property, Management Services, Commercial Loan Investments and Real Estate Operations. The company owns approximately 22 income properties located in 11 states across the United States. Management Services segment includes a fee-based management business that is engaged in managing PINE. Commercial Loan Investments segment includes a portfolio of commercial loan investments. Real Estate Operations segment includes a portfolio of mineral interests consisting of approximately 370,000subsurface acres in 19 counties in the state of Florida and a portfolio of mitigation credits.
Record Leasing: CTO posted record high leased occupancy of 95.9% and strong leasing spreads, with a 31% cash rent increase on comparable leases signed in Q4.
FFO Growth: Core FFO increased to $15.8 million for Q4 and $60.5 million for the year, up $12.6 million from last year.
Shopping Center Performance: Same-property NOI for shopping centers grew 4.3% in Q4.
Active Investment & Recycling: $166 million of investments closed in 2025, including two major center acquisitions, and a notable property sale for $78 million.
2026 Guidance: Initial core FFO guidance set at $1.98–$2.03 per share and AFFO at $2.11–$2.16 per share.
Development Pipeline: Signed-not-open rent pipeline of $6.1 million positions CTO for future earnings growth, with nearly half expected to be recognized in 2026.
Strong Balance Sheet: $167 million in liquidity and net debt to EBITDA improved to 6.4x at year-end.
