CTO Realty Growth Inc- (CTO)

Company Profile

CTO Realty Growth, Inc. is a publicly traded diversified REIT that owns and operates a diversified portfolio of income properties comprising approximately 2.8 million square feet in the United States. CTO also owns an approximate 23.5% interest in Alpine Income Property Trust, Inc., a publicly traded net lease REIT.

Company profile

Ticker

CTO, CTO-PA

Exchange

NYSE

Website

ctorealtygrowth.com

CEO

John Albright

Incorporated

Maryland

Location

Florida

Fiscal year end

Dec 31

Sector

Real Estate and Rental and Leasing > Lessors of Other Real Estate Property

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • Prologis • VEREIT • ARMOUR Residential REIT • Vornado Realty Trust • Welltower • Healthpeak Properties • Ventas ...

Former names

CONSOLIDATED TOMOKA LAND CO, CTO Realty Growth Inc.

SEC CIK

0000023795

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Alpine Income Property Manager, LLC • Bluebird Arrowhead Phoenix LLC • Bluebird Germantown MD LLC • Bluebird Renton WA LLC • Conservation Park LLC • CTLC Golden Arrow Katy LLC • CTO Gemini Holdings (CTLC) LLC • CTO Gemini Holdings (IDL) LLC • CTO Gemini Holdings (IGI) LLC • CTO TRS Crisp39 LLC ...

IRS number

590483700

CTO stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$22.67

Low target

$20.00

High target

$26.00

Latest filings (excl ownership)

View all

CTO Realty Growth Reports Full Year and Fourth Quarter 2022 Operating Results

23 Feb 23

8-K

Amendments to Articles of Incorporation or Bylaws

17 Feb 23

8-K/A

Report of Independent Certified Public Accountants

27 Jan 23

8-K

CTO Realty Growth Announces Acquisition of The Collection At Forsyth in Atlanta, Georgia for $96.0 Million

30 Dec 22

8-K

Entry into a Material Definitive Agreement

5 Dec 22

424B5

Prospectus supplement for primary offering

2 Dec 22

424B5

Prospectus supplement for primary offering

30 Nov 22

8-K

Entry into a Material Definitive Agreement

Transcripts

View all

CTO

Earnings call transcript

2022 Q4

24 Feb 23

CTO

Earnings call transcript

2022 Q3

28 Oct 22

CTO

Earnings call transcript

2022 Q2

29 Jul 22

CTO

Earnings call transcript

2022 Q1

29 Apr 22

CTO

Earnings call transcript

2021 Q4

25 Feb 22

CTO

Earnings call transcript

2021 Q3

29 Oct 21

CTO

Earnings call transcript

2021 Q2

30 Jul 21

CTO

Earnings call transcript

2021 Q1

30 Apr 21

CTO

Earnings call transcript

2020 Q4

19 Feb 21

CTO

Earnings call transcript

2020 Q3

31 Oct 20

Latest ownership filings

View all

SC 13D/A

Alpine Income Property Trust, Inc.

21 Mar 23

Alpine Income Property Trust, Inc.

20 Mar 23

Alpine Income Property Trust, Inc.

MATTHEW MORRIS PARTRIDGE

13 Mar 23

Steven Robert Greathouse

Financial summary

Financial statements Chart CTO financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	21.19 mm	21.19 mm	21.19 mm	21.19 mm	21.19 mm	21.19 mm
Cash burn (monthly)	8.54 mm	846.25 k	2.87 mm	(no burn)	(no burn)	(no burn)
Cash used (since last report)	23.53 mm	2.33 mm	7.89 mm	n/a	n/a	n/a
Cash remaining	-2.33 mm	18.86 mm	13.30 mm	n/a	n/a	n/a
Runway (months of cash)	-0.3	22.3	4.6	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

CTO institutional ownership history Ownership history

60.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	149	126	+18.3%
Opened positions	29	15	+93.3%
Closed positions	6	15	-60.0%
Increased positions	60	109	-45.0%
Reduced positions	40	2	+1900.0%

13F shares	Current	Prev Q	Change
Total value	236.66 bn	188.28 mm	+125595.1%
Total shares	14.01 mm	10.05 mm	+39.5%
Total puts	14.30 k	0.00	NEW
Total calls	14.70 k	0.00	NEW
Total put/call ratio	1.0	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	1.51 mm	$27.68 bn	+5.3%
Vanguard	927.48 k	$16.95 bn	+19.8%
Neuberger Berman	558.03 k	$10.20 bn	+1854.7%
Chilton Capital Management	493.42 k	$9.02 bn	+6.6%
Heitman Real Estate Securities	473.64 k	$8.66 bn	NEW
Grace & White	464.97 k	$8.50 bn	+0.4%
STT State Street	454.61 k	$8.31 bn	NEW
Russell Investments	392.47 k	$7.17 bn	+12.1%
Miller Value Partners	381.90 k	$6.98 bn	+6.1%
Brown Advisory	366.78 k	$6.70 bn	-3.8%

Largest transactions	Shares	Bought/sold	Change
Neuberger Berman	558.03 k	+529.48 k	+1854.7%
Heitman Real Estate Securities	473.64 k	+473.64 k	NEW
STT State Street	454.61 k	+454.61 k	NEW
Alyeska Investment	275.00 k	+275.00 k	NEW
Balyasny Asset Management	238.50 k	+238.50 k	NEW
Deprince Race & Zollo	340.20 k	+205.52 k	+152.6%
Citadel Advisors	205.84 k	+176.44 k	+600.0%
JPM JPMorgan Chase & Co.	164.23 k	+154.33 k	+1558.9%
Vanguard	927.48 k	+153.50 k	+19.8%
Marshall Wace	273.71 k	+145.36 k	+113.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CTO insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
20 Mar 23	CTO Realty Growth Inc-	Common Stock	Buy	Acquire P	Yes	Yes	16.3052	12,639	206.08 k	173,097
17 Mar 23	CTO Realty Growth Inc-	Common Stock	Buy	Acquire P	Yes	Yes	16.0592	23,113	371.18 k	160,458
16 Mar 23	CTO Realty Growth Inc-	Common Stock	Buy	Acquire P	Yes	Yes	16.1052	23,350	376.06 k	137,345
15 Mar 23	CTO Realty Growth Inc-	Common Stock	Buy	Acquire P	Yes	Yes	16.2047	23,385	378.95 k	113,995
14 Mar 23	CTO Realty Growth Inc-	Common Stock	Buy	Acquire P	Yes	Yes	16.3238	23,385	381.73 k	90,610
13 Mar 23	CTO Realty Growth Inc-	Common Stock	Buy	Acquire P	Yes	Yes	16.3301	23,385	381.88 k	67,225
10 Mar 23	John P Albright	Common Stock	Buy	Acquire P	No	No	16.6164	1,400	23.26 k	533,252
10 Mar 23	John P Albright	Common Stock	Buy	Acquire P	Yes	No	16.3	355	5.79 k	355
10 Mar 23	Matthew Morris Partridge	Common Stock	Buy	Acquire P	No	No	16.75	2,500	41.88 k	100,907
10 Mar 23	Daniel Earl Smith	Common Stock	Buy	Acquire P	No	No	16.6	1,000	16.60 k	157,744