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Investment Highlights Market Valuation Price Chart Return vs. Risk About CTO Interactive Breakdown Better Bets vs. CTO Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

CTO Realty Growth (CTO)

Market Price (11/8/2025): $17.36 | Market Cap: $566.8 Mil
Sector: Real Estate | Industry: Diversified REITs

CTO Realty Growth (CTO)

Market Price (11/8/2025): $17.36
Market Cap: $566.8 Mil
Sector: Real Estate
Industry: Diversified REITs

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24%		 Weak multi-year price returns
2Y Excs Rtn is -33%, 3Y Excs Rtn is -67%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 101%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 55%		  
2 Attractive yield
Dividend Yield is 8.6%, FCF Yield is 14%		  
3 Low stock price volatility
Vol 12M is 23%		  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 55%
2 Attractive yield
Dividend Yield is 8.6%, FCF Yield is 14%
3 Low stock price volatility
Vol 12M is 23%
4 Weak multi-year price returns
2Y Excs Rtn is -33%, 3Y Excs Rtn is -67%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 101%

Market Valuation & Key Metrics

CTOS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)0.1
Rev Chg Q18.7%7.2%
Rev Chg LTM23.8%6.0%
Rev Chg 3Y Avg20.3%5.5%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)0.0
CFO LTM ($ Bil)0.1
Net Inc LTM ($ Bil)-0.0
Op Mgn LTM11.6%18.8%
CFO/Rev LTM55.3%20.5%
Net Inc Mgn-22.8%13.0%
VALUATIONMODERATE
P/S3.93.2
P/CFO7.015.2
P/FCF7.020.0
P/E-16.923.6

AI Generated Analysis | Feedback

MetricValueDateSource
Leased Occupancy Rate94.2%9302025Link
Signed-Not-Open Pipeline (as a percentage of annual cash base rent)5.3%10282025Link
Signed-Not-Open Pipeline$5.5 million10282025Link
Comparable Lease Cash Rent Spread (Year-to-Date)21.7%9302025Link
Comparable Lease Cash Rent Spread (Quarterly)10.3%9302025Link

CTO Stock

               
           
Factor Drivers of Stock Movement
The 1.9% change in CTO stock from 5/9/2025 to 11/7/2025 was primarily driven by a 11.2% change in the company's Total Revenues ($ Mil).

509202511072025Change
Stock Price ($)17.0517.371.88%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)132.20146.9511.15%
P/S Multiple4.073.86-5.16%
Shares Outstanding (Mil)31.5532.65-3.48%
Cumulative Contribution1.75%

LTM = Last Twelve Months as of date shown
The -7.6% change in CTO stock from 11/7/2024 to 11/7/2025 was primarily driven by a -28.3% change in the company's Shares Outstanding (Mil).

1107202411072025Change
Stock Price ($)18.8017.37-7.62%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)118.66146.9523.84%
P/S Multiple4.033.86-4.27%
Shares Outstanding (Mil)25.4532.65-28.32%
Cumulative Contribution-15.02%

LTM = Last Twelve Months as of date shown
The 12.1% change in CTO stock from 11/8/2022 to 11/7/2025 was primarily driven by a 73.9% change in the company's Total Revenues ($ Mil).

1108202211072025Change
Stock Price ($)15.5017.3712.06%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)84.49146.9573.92%
P/S Multiple3.373.8614.41%
Shares Outstanding (Mil)18.3932.65-77.58%
Cumulative Contribution-55.39%

LTM = Last Twelve Months as of date shown
Why The Stock Moved

AI Generated Analysis | Feedback

Here are five key points explaining the approximate 7.6% stock movement for CTO Realty Growth (symbol: CTO) from July 31, 2025, to November 8, 2025: 1. CTO Realty Growth reported strong third-quarter 2025 operating results, exceeding FFO expectations with Core FFO of $0.48 per share and Adjusted Funds from Operations (AFFO) of $0.50 per diluted share, representing a 24.4% year-over-year increase. The company also achieved an 18.7% year-over-year revenue increase to $37.76 million, surpassing forecasts, and saw a 2.3% increase in Same-Property Net Operating Income (NOI).

2. The company raised its full-year 2025 financial outlook for Core FFO per share, projecting it between $1.84 and $1.87. This revised guidance indicated a positive future earnings trajectory, contributing to investor confidence.

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Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
CTO Return-7%57%-4%4%24%-8%66%
Peers Return-12%51%-18%-1%16%-7%17%
S&P 500 Return16%27%-19%24%23%14%108%

Monthly Win Rates [3]
CTO Win Rate67%58%50%58%75%40% 
Peers Win Rate57%70%38%43%55%56% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
CTO Max Drawdown-41%-1%-10%-11%-7%-18% 
Peers Max Drawdown-58%-5%-31%-22%-11%-14% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: WPC, ALEX, GOOD, OLP, EPRT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/7/2025 (YTD)

How Low Can It Go

Unique KeyEventCTOS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-29.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven42.5%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-46.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven87.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven602 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-26.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven35.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven261 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-72.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven266.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1480 days

Compare to WPC, ALEX, GOOD, OLP, EPRT


In The Past

CTO Realty Growth's stock fell -29.8% during the 2022 Inflation Shock from a high on 8/12/2022. A -29.8% loss requires a 42.5% gain to breakeven.

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About CTO Realty Growth (CTO)

AI Generated Analysis | Feedback

A smaller, Southern U.S.-focused version of a major retail REIT like Kimco Realty (KIM) or Regency Centers (REG).

Like Realty Income (O), but specializing in multi-tenant shopping centers and mixed-use properties primarily in the Southern U.S.

AI Generated Analysis | Feedback

  • Commercial Property Leasing: CTO Realty Growth provides leasable space in its portfolio of retail, office, and mixed-use properties to various tenants.
  • Real Estate Portfolio Management: The company manages its diversified portfolio of income-producing commercial properties to optimize performance, enhance tenant experience, and maximize asset value.

AI Generated Analysis | Feedback

CTO Realty Growth (CTO) is a real estate investment trust (REIT) that owns and operates a diversified portfolio of income-producing properties, primarily retail, office, and mixed-use assets. As such, the company sells primarily to other companies, which are its tenants.

Based on their latest investor presentations and financial reports (as of Q1 2024 supplemental information), the major customers (tenants by Annualized Base Rent) of CTO Realty Growth include:

  • Publix Super Markets (Private)
  • Whole Foods Market (Owned by Amazon - AMZN)
  • The Fresh Market (Private)
  • Lowe's Home Centers (LOW)
  • HomeGoods / Marshalls (Owned by The TJX Companies - TJX)
  • T.J. Maxx (Owned by The TJX Companies - TJX)
  • AMC Theatres (AMC)
  • First Watch Restaurants (FWRG)
  • Trader Joe's (Private)
  • PetSmart (Private)

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

John P. Albright

President and Chief Executive Officer

Mr. Albright joined CTO Realty Growth in August 2011 as President and Chief Executive Officer. Previously, he was the Managing Director of Archon Capital, a Goldman Sachs Company, where he focused on investing on behalf of the Goldman Sachs Real Estate Mezzanine Partners Fund. Before his time at Archon, Mr. Albright held similar positions with Morgan Stanley and Crescent Real Estate Equities. He holds a BA degree in Business Administration from Southern Methodist University.

Philip R. Mays

Senior Vice President, Chief Financial Officer and Treasurer

Mr. Mays joined CTO Realty Growth in June 2024 as Senior Vice President, Chief Financial Officer, and Treasurer. He most recently served as Chief Financial Officer of Shadowbox Studios. Prior to that, he was Chief Financial Officer and Executive Vice President of Cedar Realty Trust, Inc., a NYSE-listed retail real estate investment trust, from June 2011 to September 2021. His departure from Cedar coincided with the company's exploration of strategic alternatives and preceded the announcement of its sale. Before Cedar Realty Trust, Mr. Mays was the Chief Accounting Officer and Vice President of Finance of Federal Realty Investment Trust. He began his career at Ernst & Young LLP, where he supervised audits and assisted clients in real estate, construction, and hospitality, including public REITs. Mr. Mays received his Bachelor of Science in Accounting and Finance from Jacksonville University and is a member of the American Institute of Certified Public Accountants.

Steven R. Greathouse

Chief Investment Officer

Mr. Greathouse joined CTO Realty Growth in January 2012. He is responsible for the acquisition and disposition of income-producing properties and other investment opportunities for the Company. Prior to joining CTO, he was the Director of Finance at N3 Real Estate, a single-tenant triple net property developer. Before N3, he was a Senior Associate at Morgan Stanley and Crescent Real Estate Equities, where he was involved in mezzanine loan investments. He earned his undergraduate degree and Masters in Business Administration from Texas Christian University.

Lisa M. Vorakoun

Senior Vice President and Chief Accounting Officer

Ms. Vorakoun has served as CTO Realty Growth's Senior Vice President and Chief Accounting Officer since July 2017. She initially joined the Company in 2013 as its Controller, managing the accounting and tax functions. Ms. Vorakoun began her career at James Moore & Co., a regional accounting and consulting firm. She received her Bachelor of Science degree and Masters of Accounting from Florida State University and is a member of the AICPA and FICPA.

Daniel E. Smith

Senior Vice President and General Counsel

Mr. Smith joined CTO Realty Growth in 2014 and serves as the Company's general counsel and corporate secretary. Before joining CTO, he was Vice President-Hospitality and Vice President and Associate General Counsel at Goldman Sachs & Co. Prior to that, he spent ten years at Crescent Real Estate Equities, Ltd., where he held several positions, including Senior Vice President and General Counsel. Mr. Smith began his legal career at the Dallas law firm Hughes & Luce. He received his J.D. and LL. M. degrees from Duke University School of Law and his B.A. degree from Brigham Young University.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

CTO Realty Growth (symbol: CTO) primarily operates as a real estate investment trust (REIT) focused on acquiring, owning, and managing high-quality, income-producing retail properties in high-growth markets, predominantly in the Sun Belt region of the United States. While their portfolio largely consists of multi-tenant retail assets, they also have some office properties and engage in services such as land development, property management, real estate management, and subsurface interest leasing. Here are the addressable market sizes for their main products and services within the United States:

U.S. Commercial Real Estate Market

The overall United States commercial real estate market size is estimated at approximately $1.70 trillion in 2025. Another estimate valued the U.S. commercial real estate market at $718.2 billion in 2024, with projections to reach $991.7 billion by 2033. Additionally, the Federal Reserve reported that the commercial real estate sector in the U.S. stood at a total asset value of $22.5 trillion in the fourth quarter of 2023.

U.S. Multi-Tenant Retail Real Estate Market

For multi-tenant retail properties, which are a core focus for CTO Realty Growth, investment sales in the United States reached $13.1 billion in the first quarter of 2025. This figure reflects strong investor confidence in necessity-based and lifestyle centers. In the second quarter of 2025, multi-tenant retail sales volume was $12.1 billion.

U.S. Office Real Estate Market

The United States office real estate market size is estimated at approximately $369.58 billion in 2025, with projections to reach $436.81 billion by 2030.

Other Products/Services

For specific market sizes related to land development, property management services (as a standalone segment), and subsurface interest leasing, explicit addressable market sizes are currently unavailable.

AI Generated Analysis | Feedback

CTO Realty Growth (CTO) is expected to drive future revenue growth over the next two to three years through several key strategies:

  1. Strategic Acquisitions of Income-Producing Properties: The company consistently focuses on acquiring high-quality retail properties, particularly in fast-growing Sun Belt markets such as Florida, Georgia, and Texas. CTO has a history of significant investment activity, including a $191.3 million investment in Q3 2024 and an increased investment guidance of $300 million to $350 million for 2024, which is expected to continue contributing to revenue growth.
  2. Robust Leasing Activity and Positive Rent Spreads: CTO has demonstrated strong leasing momentum, signing new leases, renewals, and extensions at substantially higher rents. For instance, the company achieved impressive leasing spreads of 22% on comparable leases in Q2 2025 and 21.7% in Q3 2025, with projections of 40% to 60% for major anchor tenant renewals. This is further supported by a "signed-not-open" (SNO) pipeline, which represents future annual cash base rent from leases already executed but not yet commenced, providing a clear tailwind for upcoming revenue.
  3. Organic Growth from Existing Portfolio (Same-Property Net Operating Income): The company anticipates continued growth from its existing portfolio through increases in same-property Net Operating Income (NOI). CTO reported a same-property NOI growth of 0.9% in Q2 2025 and 2.3% in Q3 2025, driven by improved occupancy rates and rental rate escalations within its stabilized assets.
  4. Growth in Commercial Loans and Investments & Management Fees: Beyond its core property income, CTO also generates revenue from commercial loans and investments, which saw a significant increase of 95% year-over-year in Q3 2025, and management services income. These diversified streams, while secondary to real estate operations, contribute to overall revenue expansion.

AI Generated Analysis | Feedback

Share Repurchases

  • CTO Realty Growth approved a new $10 million common stock repurchase program in September 2025, following the completion of a previous $5 million program where approximately $4.3 million of stock was repurchased.
  • During the three months ended September 30, 2025, the company repurchased $4.3 million of common stock, and an additional $5.0 million was repurchased under the new $10.0 million program through October 28, 2025, totaling $9.3 million.
  • In 2023, the company repurchased 369,300 shares of common stock at an average price of $16.35 per share and 21,192 shares of Series A Preferred Stock at an average price of $18.45 per share.

Share Issuance

  • In 2024, CTO Realty Growth raised net proceeds of $165.2 million by issuing 8,922,793 common shares through its ATM offering program.
  • During the first half of 2025, the company issued 1,089,555 shares of common stock in privately-negotiated transactions to settle $35.2 million in aggregate principal amount of 2025 Notes, along with cash payments.
  • In 2022, the company issued 5,016,026 shares of common stock through a follow-on equity offering and ATM offering program for total net proceeds of $95.3 million.

Outbound Investments

  • CTO Realty Growth's investments totaled $330.8 million in 2024, including property acquisitions and structured investments. In the same year, the company sold two properties for $38.0 million.
  • In 2023, the company invested $80.0 million into four retail property acquisitions and one land parcel, and originated two structured investments totaling $30.4 million. It also sold nine income properties for $87.1 million.
  • In 2022, the company invested a record $314.0 million into five mixed-use or retail property acquisitions and originated structured investments totaling $59.2 million. Six income properties were sold for $81.1 million during this period.

Capital Expenditures

  • Management's top capital allocation priority is developing and acquiring high-quality properties that offer opportunities for long-term cash flow growth, with guidance for investments of $150 million to $200 million in 2025.
  • The company is focusing on enhancing its existing portfolio through initiatives such as leasing spaces at higher rents to creditworthy tenants and pursuing an anchor repositioning strategy.
  • Efforts are also being made to bring more property management in-house, aiming for cost savings and improved service.

Better Bets than CTO Realty Growth (CTO)

 CTOBetter Performance than CTO
MetricValueIndustry (Diversified REITs)
Rev Chg LTM23.8%EPRT (24.2%), NXDT (50.2%), MKZR (40.2%)
Rev Chg 3Y Avg20.3%EPRT (24.2%), GNL (26.4%), MKZR (30.0%), GIPR (32.9%)
Op Mgn LTM11.6%WPC (50.5%), EPRT (63.6%), BNL (49.1%), LXP (17.6%), GNL (29.2%)
CFO/Rev LTM55.3%WPC (75.9%), EPRT (68.4%), BNL (62.2%), LXP (59.3%), GOOD (61.3%)
FCF/Rev LTM55.3%WPC (75.9%), EPRT (68.4%), BNL (55.6%), GOOD (61.3%)
Total Yield2.7%WPC (7.7%), EPRT (7.7%), BNL (9.1%), LXP (4.2%), ESRT (5.0%)
 CTOBetter Performance than CTO
MetricValueAll Other Sectors
Rev Chg LTM23.8%NVDA (71.6%), AVGO (28.0%), LLY (36.8%), PLTR (47.2%), AMD (31.8%)
Rev Chg 3Y Avg20.3%NVDA (92.0%), AVGO (24.0%), LLY (23.4%), PLTR (29.3%), MU (20.3%)
Op Mgn LTM11.6%NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AVGO (39.0%)
CFO/Rev LTM55.3%META (56.8%), MA (56.1%), V (57.6%), BAC (57.3%), RY (135.4%)
FCF/Rev LTM55.3%BAC (57.3%), RY (131.7%), SCHW (79.4%), CME (63.8%), CM (57.6%)
Total Yield2.7%AAPL (2.9%), MSFT (3.5%), GOOGL (4.0%), AMZN (2.7%), META (4.1%)
 Best Bets In Real Estate Sector
 CTOCTRE WPC ADC NNN OHI O EPRT GLPI EPR FCPT
What You Pay           
P/E-17.029.340.742.219.523.954.025.216.419.423.0
P/EBIT-61.425.521.425.213.016.324.317.710.811.815.6
What You Get           
Rev Chg Q18.7%82.4%8.5%18.7%5.3%12.9%9.1%23.7%3.2%4.3%11.0%
Rev Chg LTM23.8%47.6%5.6%14.7%4.5%13.7%14.7%24.2%4.4%4.2%8.3%
Rev Chg 3Y Avg20.3%21.2%5.6%19.5%6.0%6.3%21.5%24.2%7.4%3.9%9.5%
FCF/Rev 3Y Avg53.4%88.9%84.4%73.1%73.6%71.6%69.5%69.3%65.4%63.9%61.3%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 9.6%, alpha of 3.1%, and sharpe of 0.44

Latest Trefis Analyses

Title
0ARTICLES

Trade Ideas

Select past ideas related to CTO. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-1.9%-1.9%-5.8%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-1.9%-1.9%-5.8%

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More From Trefis

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Wealth Management

Peer Comparisons for CTO Realty Growth

Financials

CTOWPCALEXGOODOLPEPRTMedian
NameCTO Real.W.P. Car.Alexande.Gladston.One Libe.Essentia. 
Mkt Price17.3767.3715.5210.9520.6230.5519.00
Mkt Cap0.614.91.10.50.46.10.8
Rev LTM1471,67821815595531187
Op Inc LTM1784871553433863
FCF LTM811,27445954436388
FCF 3Y Avg651,39542674329866
CFO LTM811,27491954436393
CFO 3Y Avg651,39586674329877

Growth & Margins

CTOWPCALEXGOODOLPEPRTMedian
NameCTO Real.W.P. Car.Alexande.Gladston.One Libe.Essentia. 
Rev Chg LTM23.8%5.6%-3.9%5.0%5.6%24.2%5.6%
Rev Chg 3Y Avg20.3%5.6%12.9%1.8%4.1%24.2%9.2%
Rev Chg Q18.7%8.5%-18.9%4.1%12.6%23.7%10.6%
QoQ Delta Rev Chg LTM4.2%2.1%-5.1%1.0%3.0%5.5%2.5%
Op Mgn LTM11.6%50.5%32.4%35.3%35.9%63.6%35.6%
Op Mgn 3Y Avg16.2%48.0%32.8%34.2%37.6%62.5%35.9%
QoQ Delta Op Mgn LTM1.2%1.0%-0.7%-0.8%-0.2%0.1%-0.1%
CFO/Rev LTM55.3%75.9%41.8%61.3%46.2%68.4%58.3%
CFO/Rev 3Y Avg53.4%84.4%38.3%44.4%45.7%69.3%49.6%
FCF/Rev LTM55.3%75.9%20.7%61.3%46.2%68.4%58.3%
FCF/Rev 3Y Avg53.4%84.4%19.0%44.4%45.7%69.3%49.6%

Valuation

CTOWPCALEXGOODOLPEPRTMedian
NameCTO Real.W.P. Car.Alexande.Gladston.One Libe.Essentia. 
Mkt Cap0.614.91.10.50.46.10.8
P/S3.98.95.23.34.511.44.9
P/EBIT-61.421.411.68.58.517.710.1
P/E-17.040.715.424.315.225.219.9
P/CFO7.011.712.45.49.816.710.7
Total Yield2.7%7.7%9.4%7.3%15.6%7.7%7.7%
Dividend Yield8.6%5.3%2.9%3.2%9.0%3.7%4.5%
FCF Yield 3Y Avg14.4%10.4%3.2%11.9%9.2%6.0%9.8%
D/E1.10.60.41.71.10.40.8
Net D/E1.00.60.41.61.00.40.8

Returns

CTOWPCALEXGOODOLPEPRTMedian
NameCTO Real.W.P. Car.Alexande.Gladston.One Libe.Essentia. 
1M Rtn12.9%0.2%-8.9%-3.7%-1.9%4.6%-0.8%
3M Rtn8.7%3.6%-13.7%-14.2%-7.3%2.1%-2.6%
6M Rtn1.9%12.1%-9.1%-18.6%-8.9%-3.1%-6.0%
12M Rtn-7.6%28.2%-16.6%-30.2%-22.1%-1.1%-12.1%
3Y Rtn12.1%5.3%-9.9%-19.5%12.8%62.8%8.7%
1M Excs Rtn12.5%0.5%-8.0%-3.0%-0.5%3.7%0.0%
3M Excs Rtn3.6%-1.5%-18.7%-19.6%-12.2%-2.4%-7.3%
6M Excs Rtn-17.0%-6.8%-28.0%-37.5%-27.8%-22.0%-24.9%
12M Excs Rtn-21.9%11.7%-31.5%-46.5%-35.9%-16.5%-26.7%
3Y Excs Rtn-67.2%-70.3%-84.1%-95.2%-65.8%-14.5%-68.7%

Financials

$ Mil | FY: 12/312025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q4
Period End9/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/2022
Filing Date10/28/20257/29/20255/1/20252/20/202510/24/20247/25/20245/2/20242/22/202410/26/20237/27/20234/27/20232/23/2023
Key Financials Quarterly            
Total Revenue383836363229283028262523
Net Income3-232-15616732-6-3
EPS0.03-0.770.01-0.700.17-0.030.210.260.070.03-0.32-0.21
Key Financials TTM            
Total Revenue TTM147141132125119115113109102969082
Net Income TTM-33-30-6-22017176-5-2-33
Growth Rates Quarterly            
Total Revenue Growth18.7%30.5%27.3%19.6%11.7%10.7%13.8%32.6%23.2%33.8%43.6%-8.8%
Net Income Growth-53.2%-2079.5%-61.3%-316.2%131.8%-34.3%197.5%328.5%-44.2%47.8%-3066.8%-259.4%
Margins Quarterly            
Net Income Margin7.7%-62.2%6.3%-42.6%19.6%4.1%20.8%23.5%9.4%6.9%-24.2%-13.7%
Cash & Debt            
Total Cash444348495141425045454661
Total Debt619622620534546496557506560554475456
Net Debt / (Cash)575578572486495455514457515509429394
Cash Flows Quarterly            
FCF from Operations2622102421131261516922
Cash Flows TTM            
FCF from Operations TTM817768695246494662595456
Returns to Shareholders Quarterly            
Dividends12121212119999999
Share Repurchases400-0-0-011005-0
Return on Invested Capital (ROIC) Quarterly            
ROIC3.6%3.2%3.3%-3.3%3.0%3.1%3.1%3.9%3.5%2.1%2.3%1.2%
Return on Invested Capital (ROIC) TTM            
ROIC TTM1.8%1.5%1.3%1.0%2.8%3.4%3.1%2.9%1.7%1.3%1.6%3.0%

Segment Financials

Assets by Segment

$ Mil20242023202220212020
Income Properties887902631531464
Interest Income From Commercial Loans and Investments6232 3836
Corporate and Other36463536136
Real Estate Operations24276066
Management Services11210
Commercial Loans and Investments  39  
Discontinued Real Estate Operations   11
Total990987733667703


Price Behavior

CTO Betas & Captures as of 10/31/2025

 1M2M3M6M1Y3Y
Beta0.460.530.540.690.520.53
Up Beta1.811.801.511.050.470.42
Down Beta0.410.360.310.450.560.62
Up Capture26%15%33%32%33%19%
Bmk +ve Days14273774145425
Stock +ve Days14223365137397
Down Capture-2%42%32%85%72%83%
Bmk -ve Days9172853106327
Stock -ve Days9223161108339

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity1,355,004
Short Interest: % Change Since 9302025-11.0%
Average Daily Volume369,762
Days-to-Cover Short Interest3.66
Basic Shares Quantity32,651,101
Short % of Basic Shares4.1%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/28/20251.3%4.3% 
7/29/2025-6.8%-6.0%-2.3%
5/1/20250.2%-2.4%1.8%
2/20/2025-5.9%-7.5%-4.7%
10/24/2024-0.8%-1.9%0.5%
7/25/20243.3%5.7%-0.4%
5/2/2024-2.6%-1.3%2.2%
2/22/20243.7%2.7%3.0%
...
SUMMARY STATS   
# Positive81113
# Negative1297
Median Positive1.6%4.7%3.0%
Median Negative-2.1%-2.6%-2.4%
Max Positive3.7%7.2%19.1%
Max Negative-6.8%-7.5%-10.5%

SEC Filings

Expand for More

Report DateFiling DateFiling
93020251028202510-Q 9/30/2025
6302025729202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024220202510-K 12/31/2024
93020241024202410-Q 9/30/2024
6302024725202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023222202410-K 12/31/2023
93020231026202310-Q 9/30/2023
6302023727202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221027202210-Q 9/30/2022
6302022728202210-Q 6/30/2022
3312022428202210-Q 3/31/2022
12312021224202210-K 12/31/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Albright John PPRESIDENT & CEO9162025Buy16.382,00032,76010,393,880Form
1Mays PhilipSVP, CFO & Treasurer9112025Buy16.611,00016,607246,460Form
2Smith Daniel EarlSVP, GEN COUNSEL & CORP SECRET9112025Buy16.501,00016,5003,209,184Form
3Albright John PPRESIDENT & CEO9112025Buy16.534,20069,44310,458,532Form
4Mays PhilipSVP, CFO & Treasurer6262025Buy17.291,00017,290239,311Form

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