CTO on NYSE
CTO Realty Growth, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
74.6%Gross margin3
22.7%Operating margin3
6.7%Net margin3
20.1%Revenue growth, 20253
1.8%Return on equity3
1.09×Debt to equity3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Income Properties brought in 88% of the revenue CTO Realty Growth, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Income Properties | $96.7M | $110.6M | $132.2M |
| Interest Income from Commercial Loan Investments | $4.1M | $7.4M | $12.5M |
| Management Fee Income | $4.4M | $4.6M | $4.8M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue25¢$37.9M
- Other costs68¢$101.1M
- Income tax0¢$446.0K
- Profit7¢$10.1M
Out of $149.5M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid76¢$49.0M
- Share buybacks14¢$9.4M
- Kept or used elsewhere10¢$6.2M
Out of $64.6M of cash from operations.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Income Properties | $132.2M | $110.6M | $96.7M |
| Interest Income From Commercial Loans and Investments | $12.5M | $7.4M | $4.1M |
| Total Revenues | $149.5M | $124.5M | $109.1M |
| Total Direct Cost of Revenues | -$37.9M | -$33.2M | -$30.2M |
| General and Administrative Expenses | -$18.5M | -$16.3M | -$14.2M |
| Provision for Impairment | -$68.0K | -$676.0K | -$1.6M |
| Depreciation and Amortization | -$60.0M | -$65.0M | -$44.2M |
| Total Operating Expenses | -$116.5M | -$115.2M | -$90.2M |
| Gain on Disposition of Assets | $21.5M | $8.3M | $7.5M |
| Loss on Extinguishment of Debt | -$20.4M | ||
| Other Gain | $1.0M | $8.3M | $7.5M |
| Total Operating Income | $34.0M | $17.6M | $26.5M |
| Investment and Other Income | $3.5M | $2.6M | $2.0M |
| Interest Expense | -$26.9M | -$22.5M | -$22.4M |
| Income (Loss) Before Income Tax Benefit (Expense) | $10.5M | -$2.3M | $6.1M |
| Income Tax Benefit (Expense) | -$446.0K | $339.0K | -$604.0K |
| Net Income (Loss) Attributable to the Company | $10.1M | -$2.0M | $5.5M |
| Distributions to Preferred Stockholders | -$7.5M | -$6.8M | -$4.8M |
| Net Income (Loss) Attributable to Common Stockholders | $2.6M | -$8.8M | $758.0K |
| Basic Net Income (Loss) Attributable to Common Stockholders (in dollars per share) | $0.08 | -$0.35 | $0.03 |
| Diluted Net Income (Loss) Attributable to Common Stockholders (in dollars per share) | $0.08 | -$0.35 | $0.03 |
| Weighted Average Number of Common Shares - Basic (in shares) | 32.3M shares | 25.4M shares | 22.5M shares |
| Weighted Average Number of Common Shares - Diluted (in shares) | 32.3M shares | 25.4M shares | 22.5M shares |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Land, at Cost | $289.0M | $257.7M | |
| Building and Improvements, at Cost | $766.4M | $720.5M | |
| Other Furnishings and Equipment, at Cost | $923.0K | $883.0K | |
| Construction in Process, at Cost | $4.1M | $5.1M | |
| Total Real Estate, at Cost | $1.1B | $984.2M | |
| Less, Accumulated Depreciation | -$107.3M | -$82.9M | |
| Real Estate-Net | $953.1M | $901.3M | |
| Land and Development Costs | $300.0K | $300.0K | |
| Intangible Lease Assets-Net | $84.7M | $79.2M | |
| Investment in Alpine Income Property Trust, Inc. | $41.3M | $39.7M | |
| Commercial Loans and Investments | $104.8M | $105.0M | $61.8M |
| Cash and Cash Equivalents | $6.5M | $9.0M | $10.2M |
| Restricted Cash | $34.7M | $8.3M | $7.6M |
| Refundable Income Taxes | $70.0K | ||
| Deferred Income Taxes-Net | $2.3M | $2.5M | |
| Other Assets-See Note 12 | $36.2M | $36.2M | |
| Total Assets | $1.3B | $1.2B | |
| Accounts Payable | $1.7M | $3.3M | |
| Accrued and Other Liabilities-See Note 18 | $28.2M | $21.3M | |
| Deferred Revenue-See Note 19 | $18.8M | $10.2M | |
| Intangible Lease Liabilities-Net | $31.5M | $15.1M | |
| Income Taxes Payable | $29.0K | ||
| Long-Term Debt-Net | $616.3M | $519.0M | |
| Total Liabilities | $696.6M | $568.8M | |
| Preferred Stock - 100,000,000 shares authorized; $0.01 par value, 6.375% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 4,713,069 shares issued and outstanding at December 31, 2025 and 2024 | $47.0K | $47.0K | |
| Common Stock - 500,000,000 shares authorized; $0.01 par value, 32,372,291 shares issued and outstanding at December 31, 2025 and 31,673,479 shares issued and outstanding at December 31, 2024 | $324.0K | $317.0K | |
| Additional Paid-In Capital | $382.5M | $367.8M | |
| Retained Earnings | $184.9M | $232.1M | |
| Accumulated Other Comprehensive Income (Loss) | -$405.0K | $12.5M | |
| Total Stockholders' Equity | $567.3M | $612.8M | |
| Total Liabilities and Stockholders' Equity | $1.3B | $1.2B | |
| Preferred Stock, Shares Authorized | 100.0M shares | 100.0M shares | |
| Preferred Stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, liquidation preference (in dollars per share) | $25 | $25 | |
| Preferred Stock, Shares Issued | 4.7M shares | 4.7M shares | |
| Preferred Stock, Shares Outstanding | 4.7M shares | 4.7M shares | |
| Common Stock, shares authorized | 500.0M shares | 500.0M shares | |
| Common Stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common Stock, shares issued | 32.4M shares | 31.7M shares | |
| Common Stock, shares outstanding | 32.4M shares | 31.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) Attributable to the Company | $10.1M | -$2.0M | $5.5M |
| Depreciation and Amortization | $60.0M | $65.0M | $44.2M |
| Amortization of Intangible Assets and Liabilities to Income Property Revenue | -$1.0M | -$254.0K | $2.3M |
| Amortization of Deferred Financing Costs to Interest Expense | $1.3M | $1.0M | $970.0K |
| Amortization of Discount on Convertible Debt | $45.0K | $159.0K | $159.0K |
| Gain on Disposition of Real Estate and Intangible Lease Assets and Liabilities | -$21.5M | -$3.8M | -$7.5M |
| Gain on Disposition of Subsurface Interests | -$4.5M | ||
| Loss on Extinguishment of Debt | $20.4M | ||
| Provision for Impairment | $68.0K | $676.0K | $1.6M |
| Accretion of Commercial Loans and Investments Origination Fees | -$733.0K | -$276.0K | -$137.0K |
| Non-Cash Imputed Interest | -$19.0K | -$29.0K | -$29.0K |
| Deferred Income Taxes | $158.0K | -$458.0K | $521.0K |
| Unrealized Loss (Gain) on Investment Securities | -$39.0K | $1.1M | $3.9M |
| Extinguishment of Contingent Obligation | -$2.8M | ||
| Non-Cash Compensation | $4.2M | $3.6M | $3.7M |
| Refundable Income Taxes | $70.0K | $176.0K | $202.0K |
| Land and Development Costs | $2.0K | -$46.0K | |
| Mitigation Credits and Mitigation Credit Rights | $1.0M | $1.5M | |
| Other Assets | -$7.7M | -$4.0M | -$4.6M |
| Accounts Payable | -$1.6M | $522.0K | $214.0K |
| Accrued and Other Liabilities | $1.4M | $4.0M | -$2.6M |
| Deferred Revenue | -$730.0K | -$2.2M | -$642.0K |
| Income Taxes Payable | $29.0K | ||
| Net Cash Provided By Operating Activities | $64.6M | $59.9M | $46.3M |
| Acquisition of Real Estate and Intangible Lease Assets and Liabilities | -$145.1M | -$224.4M | -$80.3M |
| Investments in and Improvements to Real Estate | -$15.2M | -$17.5M | -$22.7M |
| Acquisition of Commercial Loans and Investments | -$14.3M | -$63.9M | -$32.9M |
| Proceeds from Disposition of Property, Plant, and Equipment, Net | $84.3M | $37.2M | $84.3M |
| Proceeds from Disposition of Subsurface Interests | $5.0M | ||
| Principal Payments Received on Commercial Loans and Investments | $15.2M | $20.3M | $986.0K |
| Cash Received for Commercial Loan Reserves | $10.1M | $9.5M | $107.0K |
| Acquisition of Investment Securities | -$9.0M | -$447.0K | -$3.2M |
| Proceeds from the Sale of Investment Securities | $2.5M | $1.7M | $1.2M |
| Net Cash Used In Investing Activities | -$71.5M | -$232.7M | -$52.5M |
| Proceeds from Long-Term Debt | $405.0M | $366.0M | $148.8M |
| Payments on Long-Term Debt | -$292.3M | -$342.0M | -$99.6M |
| Cash Paid for Loan Fees | -$1.5M | -$1.1M | -$180.0K |
| Cash Proceeds from Common Stock Issuance | $648.0K | $647.0K | $375.0K |
| Proceeds from Issuance of Preferred Stock, Net of Underwriting Discount and Expenses | $33.0M | ||
| Cash Used to Purchase Common Stock | -$9.4M | -$664.0K | -$6.4M |
| Cash Paid for Vesting of Restricted Stock | -$1.0M | -$1.3M | -$1.0M |
| Proceeds from (Cash Paid for) Issuance of Common and Preferred Stock, Net | -$124.0K | $164.8M | -$175.0K |
| Cash Paid for Premium Related to Settlement of 2025 Notes | -$14.1M | ||
| Dividends Paid - Preferred Stock | -$7.5M | -$6.8M | -$4.8M |
| Dividends Paid - Common Stock | -$49.0M | -$40.3M | -$34.3M |
| Net Cash Provided By Financing Activities | $30.7M | $172.3M | $2.8M |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | $23.8M | -$458.0K | -$3.4M |
| Cash Paid for Taxes, Net of Refunds Received | $166.0K | -$57.0K | -$118.0K |
| Cash Paid for Interest | $26.3M | $21.2M | $21.6M |
| Capitalized interest | $300.0K | $300.0K | $300.0K |
| Unrealized Gain (Loss) on Cash Flow Hedges | -$12.9M | $5.6M | -$8.9M |
| Common Stock Dividends Declared and Unpaid | $737.0K | $796.0K | $827.0K |
| Principal Related to Settlement of 2025 Notes, Paid in Common Stock | $14.8M | ||
| Premium Related to Settlement of 2025 Notes, Paid in Common Stock | $6.3M |
Former names
Recent filings
- Oct 2, 20264
- Oct 2, 20264
- Oct 2, 20264
- Oct 2, 20264
- Sep 30, 20268-K
- Sep 10, 2026SCHEDULE 13G/A
- Jul 31, 2026SCHEDULE 13G/A
- Jul 28, 20268-K
- Jul 28, 202610-Q
- Jul 1, 20264
- Jul 1, 20264
- Jul 1, 20264
- Jul 1, 20264
- Jun 18, 20268-K
- Apr 29, 2026SCHEDULE 13G
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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