NYSE : CTO
CTO Realty Growth, Inc. — Financial statements
Real Estate · REIT - Diversified · United States
Last price 19.71 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 763.96M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 145.84M | 132.16M | 110.59M | 96.66M | 68.86M | 50.68M |
| Property Management Fees | 5.58M | 4.85M | 4.59M | 4.39M | 3.83M | 3.31M |
| Other Revenue | 1.98M | 3.98M | 5.46M | 13.43M | ||
| Total Revenue | 170.26M | 149.54M | 124.52M | 109.12M | 82.32M | 70.27M |
| Property Expenses | 42.45M | 37.92M | 33.22M | 30.18M | 22.86M | 22.43M |
| Selling, General & Administrative | 20.13M | 18.53M | 16.27M | 14.25M | 12.90M | 11.05M |
| Depreciation & Amortization | 64.62M | 60.02M | 65.05M | 44.17M | 28.86M | 20.58M |
| Provision for Loan Losses | -1.12M | -68.00K | -676.00K | -1.56M | ||
| Total Operating Expenses | 128.32M | 116.53M | 115.22M | 90.16M | 64.61M | 54.06M |
| Operating Income | 41.93M | 33.01M | 9.30M | 18.96M | 17.71M | 16.21M |
| Interest Expense | -30.09M | -26.93M | -22.52M | -22.36M | -11.12M | -8.93M |
| Interest & Investment Income | 2.92M | 2.80M | 2.60M | 2.50M | 2.10M | |
| Other Non-Operating Income | 551.00K | 551.00K | 1.09M | 4.19M | 2.47M | |
| EBT Excluding Unusual Items | 15.32M | 9.44M | -9.53M | 3.29M | 9.07M | 9.39M |
| Gain (Loss) on Sale of Investments | 7.90M | 100.00K | -1.08M | -4.70M | -1.70M | -7.26M |
| Gain (Loss) on Sale of Assets | 22.19M | 21.45M | 8.31M | 7.54M | -7.04M | 28.32M |
| Other Unusual Items | -211.00K | -20.45M | -3.59M | |||
| Pretax Income | 45.19M | 10.54M | -2.30M | 6.13M | 328.00K | 26.86M |
| Income Tax Expense | 712.00K | 446.00K | -339.00K | 604.00K | -2.83M | -3.08M |
| Earnings From Continuing Operations | 44.48M | 10.09M | -1.97M | 5.53M | 3.16M | 29.94M |
| Net Income to Company | 44.48M | 10.09M | -1.97M | 5.53M | 3.16M | 29.94M |
| Net Income | 44.48M | 10.09M | -1.97M | 5.53M | 3.16M | 29.94M |
| Preferred Dividends & Other Adjustments | 7.51M | 7.51M | 6.81M | 4.77M | 4.78M | 2.33M |
| Net Income to Common | 36.97M | 2.58M | -8.78M | 758.00K | -1.62M | 27.61M |
| Basic Shares Outstanding | 34.32M | 32.27M | 25.36M | 22.53M | 18.51M | 17.68M |
| Diluted Shares Outstanding | 34.37M | 32.29M | 25.40M | 22.53M | 18.51M | 17.68M |
| EPS (Basic) | 1.08 | 0.08 | -0.35 | 0.03 | -0.09 | 1.56 |
| EPS (Diluted) | 1.08 | 0.08 | -0.35 | 0.03 | -0.09 | 1.56 |
| Dividend Per Share | 1.52 | 1.52 | 1.52 | 1.52 | 1.49 | 1.33 |
| Operating Margin | 24.63% | 22.07% | 7.47% | 17.38% | 21.51% | 23.07% |
| Profit Margin | 21.71% | 1.73% | -7.05% | 0.69% | -1.97% | 39.30% |
| EBITDA | 103.96M | 92.02M | 74.10M | 65.44M | 48.73M | 36.39M |
| EBITDA Margin | 61.06% | 61.53% | 59.51% | 59.97% | 59.19% | 51.79% |
| D&A For Ebitda | 62.03M | 59.01M | 64.80M | 46.48M | 31.02M | 20.18M |
| EBIT | 41.93M | 33.01M | 9.30M | 18.96M | 17.71M | 16.21M |
| EBIT Margin | 24.63% | 22.07% | 7.47% | 17.38% | 21.51% | 23.07% |
| Funds From Operations (FFO) | 73.33M | 41.05M | 48.13M | 37.48M | 30.05M | 19.74M |
| FFO Per Share | 2.13 | 1.27 | 1.89 | 1.66 | 1.62 | 1.12 |
| Adjusted Funds From Operations (AFFO) | 74.66M | 63.56M | 50.77M | 43.07M | 33.92M | 25.68M |
| AFFO Per Share | 2.17 | 1.97 | 2.00 | 1.91 | 1.83 | 1.45 |
| FFO Payout Ratio | 72.72% | 119.47% | 83.69% | 91.42% | 96.16% | 119.46% |
| Effective Tax Rate | 1.57% | 4.23% | 9.85% | |||
| Revenue as Reported | 170.26M | 149.54M | 124.52M | 109.12M | 82.32M | 70.27M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 1.04B | 953.37M | 901.64M | 734.88M | 734.78M | 494.86M |
| Cash & Equivalents | 8.81M | 6.47M | 9.02M | 10.21M | 19.33M | 8.62M |
| Accounts Receivable | 25.46M | 22.13M | 18.78M | 15.54M | 8.42M | 6.07M |
| Other Receivables | 1.96M | 2.54M | 1.85M | 3.25M | 4.43M | 6.88M |
| Investment In Debt and Equity Securities | 42.88M | 41.32M | 39.67M | 39.45M | 42.04M | 41.04M |
| Other Intangible Assets | 97.09M | 84.71M | 79.20M | 97.11M | 115.98M | 79.49M |
| Restricted Cash | 12.27M | 34.65M | 8.34M | 7.61M | 1.86M | 22.73M |
| Other Current Assets | 20.82M | 7.91M | 1.98M | 4.25M | 6.11M | 10.94M |
| Trading Asset Securities | 17.73M | 3.00M | 12.52M | 11.77M | 16.16M | 1.54M |
| Deferred Long-Term Tax Assets | 2.05M | 2.31M | 2.47M | 2.01M | 2.53M | |
| Deferred Long-Term Charges | 4.11M | 690.00K | 1.15M | 1.64M | 2.05M | 524.00K |
| Other Long-Term Assets | 102.00K | 941.00K | 21.36M | |||
| Total Assets | 1.50B | 1.26B | 1.18B | 989.67M | 986.54M | 733.14M |
| Current Portion of Long-Term Debt | 17.80M | 50.99M | ||||
| Current Portion of Leases | 129.00K | |||||
| Long-Term Debt | 717.62M | 598.54M | 468.00M | 495.37M | 445.58M | 278.27M |
| Long-Term Leases | 169.00K | 100.00K | 293.00K | 417.00K | 64.00K | 198.00K |
| Accounts Payable | 2.71M | 1.71M | 3.28M | 2.76M | 2.54M | 676.00K |
| Accrued Expenses | 13.45M | 1.97M | 3.80M | 2.92M | 1.66M | 1.32M |
| Current Income Taxes Payable | 52.00K | 29.00K | ||||
| Other Current Liabilities | 274.00K | 3.03M | 2.28M | |||
| Long-Term Unearned Revenue | 21.35M | 18.80M | 10.18M | 5.20M | 5.74M | 4.50M |
| Long-Term Deferred Tax Liabilities | 483.00K | |||||
| Other Long-Term Liabilities | 58.38M | 51.04M | 30.02M | 20.60M | 25.80M | 17.17M |
| Total Liabilities | 814.00M | 696.56M | 568.85M | 532.14M | 481.77M | 302.66M |
| Preferred Stock, Convertible | 47.00K | 47.00K | 47.00K | 30.00K | 30.00K | 30.00K |
| Common Stock | 388.00K | 324.00K | 317.00K | 226.00K | 229.00K | 60.00K |
| Additional Paid-In Capital | 509.51M | 382.49M | 367.83M | 168.44M | 172.47M | 85.41M |
| Retained Earnings | 153.66M | 184.89M | 232.09M | 281.94M | 316.28M | 343.46M |
| Comprehensive Income & Other | 17.73M | -405.00K | 12.52M | 6.89M | 15.76M | 1.52M |
| Total Common Equity | 681.28M | 567.30M | 612.75M | 457.50M | 504.74M | 430.45M |
| Shareholders' Equity | 681.33M | 567.35M | 612.80M | 457.53M | 504.77M | 430.48M |
| Total Liabilities & Equity | 1.50B | 1.26B | 1.18B | 989.67M | 986.54M | 733.14M |
| Total Debt | 717.79M | 619.98M | 519.29M | 500.67M | 446.04M | 278.50M |
| Net Cash (Debt) | -691.25M | -610.51M | -497.75M | -478.68M | -410.55M | -268.34M |
| Net Cash Per Share | -20.11 | -18.91 | -19.60 | -21.25 | -22.18 | -15.18 |
| Filing Date Shares Outstanding | 38.76M | 32.56M | 31.84M | 22.81M | 23.01M | 17.91M |
| Total Common Shares Outstanding | 38.76M | 32.37M | 31.67M | 22.64M | 22.85M | 17.75M |
| Book Value Per Share | 17.58 | 17.52 | 19.35 | 20.20 | 22.08 | 24.25 |
| Tangible Book Value | 584.19M | 482.59M | 533.55M | 360.39M | 388.76M | 350.96M |
| Tangible Book Value Per Share | 15.07 | 14.91 | 16.85 | 15.92 | 17.01 | 19.77 |
| Land | 318.40M | 289.01M | 257.75M | 222.23M | 233.93M | 189.59M |
| Buildings | 844.48M | 766.37M | 720.48M | 559.39M | 530.03M | 325.42M |
| Construction In Progress | 5.39M | 4.09M | 5.09M | 4.00M | 6.05M | 3.15M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 44.48M | 10.09M | -1.97M | 5.53M | 3.16M | 29.94M |
| Depreciation & Amortization | 62.03M | 59.01M | 64.80M | 46.48M | 31.02M | 20.18M |
| Other Amortization | 1.36M | 1.32M | 1.21M | 1.13M | 944.00K | 1.86M |
| Gain (Loss) on Sale of Assets | -22.19M | -21.45M | -8.31M | -7.54M | 7.04M | -28.32M |
| Gain (Loss) on Sale of Investments | -6.97M | -39.00K | 1.08M | 3.90M | 1.70M | -10.34M |
| Asset Writedown | 1.12M | 68.00K | 676.00K | 1.56M | 17.60M | |
| Stock-Based Compensation | 4.58M | 4.16M | 3.64M | 3.67M | 3.23M | 3.17M |
| Change in Accounts Payable | 861.00K | -1.57M | 522.00K | 214.00K | 1.87M | -370.00K |
| Change in Other Net Operating Assets | -6.24M | -6.21M | 1.03M | -5.68M | 9.22M | -13.26M |
| Other Operating Activities | -1.03M | 19.86M | -763.00K | -2.46M | -3.31M | -47.00K |
| Operating Cash Flow | 65.48M | 64.60M | 59.87M | 46.31M | 56.10M | 27.58M |
| Acquisition of Real Estate Assets | -298.31M | -160.23M | -241.90M | -102.95M | -313.93M | -256.38M |
| Sale of Real Estate Assets | 167.48M | 84.28M | 37.16M | 84.34M | 40.78M | 129.46M |
| Net Sale / Acq. of Real Estate Assets | -130.83M | -75.95M | -204.74M | -18.61M | -273.15M | -126.92M |
| Investment in Marketable & Equity Securities | -7.21M | -6.55M | 1.21M | -2.06M | -2.74M | 23.72M |
| Other Investing Activities | 4.97M | 596.00K | ||||
| Investing Cash Flow | -228.77M | -71.50M | -232.67M | -52.45M | -267.63M | -102.97M |
| Long-Term Debt Issued | 405.00M | 366.00M | 148.85M | 380.50M | 314.50M | |
| Long-Term Debt Repaid | -292.27M | -342.00M | -99.60M | -233.75M | -283.52M | |
| Net Debt Issued (Repaid) | 116.20M | 112.73M | 24.00M | 49.25M | 146.75M | 30.98M |
| Issuance of Common Stock | 125.34M | 648.00K | 165.47M | 375.00K | 94.67M | |
| Repurchase of Common Stock | -6.26M | -10.39M | -1.94M | -7.47M | -3.64M | -2.65M |
| Preferred Stock Issued | 33.00M | 72.43M | ||||
| Common Dividends Paid | -53.33M | -49.05M | -40.28M | -34.27M | -28.90M | -23.58M |
| Preferred Dividends Paid | -7.51M | -7.51M | -6.81M | -4.77M | -4.78M | -2.33M |
| Total Dividends Paid | -60.84M | -56.56M | -47.09M | -39.04M | -33.68M | -25.91M |
| Other Financing Activities | -7.64M | -15.77M | -1.09M | -355.00K | -2.72M | -1.95M |
| Net Cash Flow | 3.51M | 23.76M | -458.00K | -3.38M | -10.15M | -2.48M |
| Levered Free Cash Flow | 55.94M | 29.39M | 64.76M | 40.80M | 67.31M | 32.43M |
| Unlevered Free Cash Flow | 73.38M | 44.90M | 77.63M | 53.64M | 73.31M | 36.15M |
| Cash Interest Paid | 30.97M | 26.00M | 20.91M | 21.34M | 9.66M | 7.27M |
| Cash Income Tax Paid | 237.00K | 166.00K | -57.00K | -118.00K | 107.00K | 406.00K |
| Change in Working Capital | -17.90M | -8.42M | -492.00K | -5.95M | 12.32M | -6.47M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 763.96M | 595.97M | 590.83M | 393.16M | 417.53M | 366.20M |
| Enterprise Value | 1.46B | 1.19B | 1.11B | 910.69M | 760.91M | 589.83M |
| Last Close Price | 19.71 | 17.40 | 17.12 | 13.85 | 13.36 | 13.92 |
| Price/FFO Ratio | 9.60 | 13.70 | 9.06 | 8.35 | 8.25 | 12.43 |
| Price/AFFO Ratio | 9.44 | 8.84 | 8.56 | 7.25 | 7.30 | 9.60 |
| PE Ratio | 18.30 | 231.00 | 518.68 | 13.26 | ||
| PS Ratio | 4.49 | 3.98 | 4.75 | 3.60 | 5.07 | 5.21 |
| PB Ratio | 1.12 | 1.05 | 0.96 | 0.86 | 0.83 | 0.85 |
| P/OCF Ratio | 11.67 | 9.23 | 9.87 | 8.49 | 7.44 | 13.28 |
| EV/Sales Ratio | 8.55 | 7.97 | 8.92 | 8.35 | 9.24 | 8.39 |
| EV/EBITDA Ratio | 14.00 | 12.95 | 14.98 | 13.92 | 15.62 | 16.21 |
| EV/EBIT Ratio | 34.70 | 36.10 | 119.34 | 48.02 | 42.97 | 36.38 |
| Debt / Equity Ratio | 1.05 | 1.09 | 0.85 | 1.09 | 0.88 | 0.65 |
| Debt / EBITDA Ratio | 6.90 | 6.73 | 7.00 | 7.64 | 9.14 | 7.63 |
| Net Debt / Equity Ratio | 1.01 | 1.08 | 0.81 | 1.05 | 0.81 | 0.62 |
| Net Debt / EBITDA Ratio | 6.65 | 6.63 | 6.72 | 7.32 | 8.43 | 7.37 |
| Asset Turnover | 0.12 | 0.12 | 0.12 | 0.11 | 0.10 | 0.10 |
| Inventory Turnover | 126.64 | 65.76 | 44.82 | 33.20 | 5.77 | |
| Quick Ratio | 3.27 | 1.22 | 0.70 | 3.86 | 10.52 | 11.40 |
| Current Ratio | 5.28 | 2.73 | 0.87 | 4.99 | 12.25 | 28.01 |
| Return on Equity (ROE) | 7.18% | 1.71% | -0.37% | 1.15% | 0.68% | 7.66% |
| Return on Assets (ROA) | 1.93% | 1.69% | 0.54% | 1.20% | 1.29% | 1.45% |
| Return on Invested Capital (ROIC) | 3.03% | 2.73% | 0.89% | 1.79% | 2.13% | 2.43% |
| Earnings Yield | 5.46% | 1.69% | -0.33% | 1.41% | 0.76% | 8.18% |
| Dividend Yield | 7.71% | 8.26% | 8.15% | 8.75% | 8.16% | 6.45% |
| Payout Ratio | 141.11% | 560.42% | 705.93% | 1,066.40% | 86.52% | |
| Buyback Yield / Dilution | -7.79% | -27.13% | -12.75% | -21.73% | -4.70% | -25.24% |
| Total Shareholder Return | -0.08% | -18.88% | -4.60% | -12.97% | 3.45% | -18.79% |