CTO Realty Growth, Inc. (CTO) Bundle
A Brief History of CTO Realty Growth, Inc. (CTO)
Company Overview
CTO Realty Growth, Inc. is a real estate investment company headquartered in Orlando, Florida. As of December 31, 2023, the company reported:
| Financial Metric | Value |
|---|---|
| Total Assets | $542.3 million |
| Market Capitalization | $318.6 million |
| Annual Revenue | $47.2 million |
Real Estate Portfolio
CTO's real estate portfolio consists of:
- Industrial properties
- Retail centers
- Office buildings
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Industrial | 23 | 1,254,000 sq ft |
| Retail | 15 | 672,000 sq ft |
| Office | 8 | 456,000 sq ft |
Financial Performance
Key financial metrics for 2023:
- Funds from Operations (FFO): $22.4 million
- Adjusted FFO: $24.1 million
- Dividend per Share: $1.08
Geographic Distribution
| State | Number of Properties | Percentage of Portfolio |
|---|---|---|
| Florida | 31 | 62% |
| Georgia | 8 | 16% |
| Other States | 7 | 22% |
A Who Owns CTO Realty Growth, Inc. (CTO)
Major Institutional Shareholders
As of the latest available data, the following institutional shareholders own significant portions of CTO Realty Growth, Inc.:
| Institutional Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Vanguard Group Inc | 1,324,477 | 17.82% |
| BlackRock Inc. | 1,036,212 | 13.96% |
| Cohen & Steers Inc | 604,475 | 8.14% |
Top Individual Shareholders
- John P. Albright - President and Chief Executive Officer
- David Moody - Chief Financial Officer
- Matthew Partridge - Executive Vice President
Insider Ownership
As of the most recent filing, insider ownership represents approximately 3.7% of total outstanding shares.
Ownership Structure
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 69.44% |
| Individual Investors | 27.86% |
| Insider Ownership | 3.7% |
CTO Realty Growth, Inc. (CTO) Mission Statement
Company Overview
CTO Realty Growth, Inc. is a real estate investment trust (REIT) focused on industrial and office properties. As of December 31, 2023, the company reported:
| Metric | Value |
|---|---|
| Total Assets | $466.3 million |
| Market Capitalization | $308.5 million |
| Portfolio Occupancy Rate | 93.4% |
Strategic Focus Areas
- Industrial property investments
- Office property acquisitions
- Geographic concentration in Florida markets
Property Portfolio Composition
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Industrial | 42 | 1,345,000 sq ft |
| Office | 18 | 612,000 sq ft |
Financial Performance
For the fiscal year 2023, CTO reported:
- Total Revenue: $54.2 million
- Net Income: $22.7 million
- Funds from Operations (FFO): $31.5 million
Investment Strategy
Key investment criteria include:
- Properties in high-growth markets
- Value-add opportunities
- Potential for long-term appreciation
How CTO Realty Growth, Inc. (CTO) Works
Company Overview
CTO Realty Growth, Inc. is a real estate investment trust (REIT) focused on commercial real estate investments. As of December 31, 2023, the company had a total market capitalization of $248.7 million.
Portfolio Composition
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Industrial Properties | 22 | 1,250,000 sq ft |
| Retail Properties | 15 | 750,000 sq ft |
Financial Performance
For the fiscal year 2023, CTO reported:
- Total revenue: $53.4 million
- Net income: $22.1 million
- Funds from operations (FFO): $34.6 million
Geographic Distribution
| State | Percentage of Portfolio |
|---|---|
| Florida | 65% |
| Georgia | 20% |
| Other States | 15% |
Investment Strategy
Key investment focus areas:
- Southeastern United States
- Primarily commercial real estate
- Value-add and stabilized properties
Dividend Information
As of 2024, CTO pays a quarterly dividend of $1.00 per share, with an annual dividend yield of 6.5%.
Operational Metrics
Occupancy rates as of Q4 2023:
- Industrial properties: 94.3%
- Retail properties: 89.7%
Management
Total executive compensation for 2023: $3.2 million
How CTO Realty Growth, Inc. (CTO) Makes Money
Revenue Streams
CTO Realty Growth, Inc. generates revenue primarily through commercial real estate investments and property management.
| Revenue Source | 2023 Amount |
|---|---|
| Rental Income | $53.4 million |
| Property Sales | $22.7 million |
| Interest and Other Income | $3.9 million |
Property Portfolio Composition
CTO focuses on retail and commercial real estate investments.
- Total Portfolio Value: $456.2 million
- Number of Properties: 71
- Geographical Focus: Primarily Southeast United States
Investment Strategy
CTO employs a strategic approach to real estate investments.
| Investment Metric | 2023 Data |
|---|---|
| Occupancy Rate | 92.6% |
| Average Lease Term | 7.3 years |
| Funds from Operations (FFO) | $41.5 million |
Financial Performance
CTO's financial metrics demonstrate consistent performance.
- Total Revenue for 2023: $79.3 million
- Net Income: $32.6 million
- Dividend Yield: 6.2%
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