CTO Stock Recent News

REITs trade on AFFO, but the market often overlooks the quality of AFFO growth, leading to mispricings. AFFO growth sources vary in quality; repeatable sources like rental rate growth are more valuable than one-time or cyclical gains. Capital structure changes like debt paydown and share buybacks can enhance AFFO quality by reducing risk and demonstrating management alignment.

In this article, I will highlight three small cap REITs that are poised to deliver solid total returns from dividends and capital appreciation: CTO Realty Growth, Alpine Income Property Trust, and Broadstone Net Lease. Focus on identifying high-yield small-cap REITs that avoid "sucker yields" and have the potential for long-term shareholder value growth through thorough research. As REITs continue to rally (and rates decline in September), we will continue to provide readers with more actionable ideas like these.

WINTER PARK, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced closing the acquisition of a portfolio of three open-air shopping centers (the “Three Property Portfolio”) for a purchase price of $137.5 million. The Three Property Portfolio consists of Carolina Pavilion in Charlotte, North Carolina; Millenia Crossing in Orlando, Florida; and Lake Brandon Village in Tampa, Florda. Additionally, on August 15, 2024, the Company closed the sale of Jordan Landing located in West Jordan, Utah for $18.0 million.

WINTER PARK, Fla., Aug. 20, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.38 per share of common stock for the third quarter of 2024 (the “Common Stock Cash Dividend”). The Common Stock Cash Dividend represents an annualized yield of approximately 7.9% based on the closing price of the Company's common stock on August 19, 2024.

The top real estate stocks are defying market headwinds with remarkable resilience. Despite mortgage rates soaring to record highs over the past couple of decades, the U.S. real estate market continues to show extraordinary strength.

CTO Realty Growth is a retail REIT with strong leasing prospects, trading at a discounted 11X AFFO multiple and 7.5% dividend yield. Retail real estate is gaining respect as a growth play, leading to potential upside for retail REITs like CTO. CTO's property portfolio and leasing prospects show potential for revenue growth and increased occupancy, with a fair value estimate of $25.50 per share.

CTO Realty Growth benefits from high-income earners moving to Sun Belt states with lower tax rates, leading to potential growth opportunities. CTO delivered a strong Q2, beating revenue and FFO estimates, increasing guidance, and positioning well for future investments and profitability. Despite underperforming the market, CTO offers value with a discount to book value, attractive profitability metrics, and a high dividend yield of 7.75%.

CTO Realty Growth's focus on retail real estate has led to strong leasing activity and impressive 2Q24 operating results. The company is undergoing a transformation with a $1.2B investment in new retail assets and a $0.7B disposition of non-core assets. CTO.PR.A preferred shares offer a 7.59% yield, potential for capital appreciation, and may benefit from anticipated Fed rate cuts.

CTO Realty Growth, Inc. (NYSE:CTO ) Q2 2024 Earnings Conference Call July 26, 2024 9:00 AM ET Company Participants John Albright - Chief Executive Officer and President Philip Mays - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants R.J. Milligan - Raymond James Gopal Mehta - Alliance Global Partners Rob Stevenson - Janney Montgomery and Scott Matthew Erdner - Jones Trading John Massocca - B.

CTO Realty (CTO) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.48 per share a year ago.