CTO Realty Growth
Owns and repositions open-air retail and mixed-use properties in higher-growth U.S. markets.
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Profile
Owns, manages, and repositions open-air retail and mixed-use properties in higher-growth U.S. markets, while investing through commercial loans and preferred equity. Its self-managed REIT structure and Alpine management relationship shape the income model.
Owns, manages, and repositions open-air retail and mixed-use properties in higher-growth, business-friendly U.S. markets. The self-managed equity REIT also invests through fee-simple property ownership, commercial loans, and preferred equity, joining property operations with capital recycling to redeploy capital among these investment formats.
Recurring real-estate income anchors a business that moved beyond a long-held Florida land portfolio through its REIT conversion. Beyond its own portfolio, it externally manages and holds an interest in Alpine Income Property Trust. Management fees and related-party arrangements make Alpine’s performance and governance continuing structural dependencies for the business.
Company facts
Categories
Key statistics
Year to date +17.4% · Average volume (30d) 354.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $20 | $25 | |
| Jul 29, 2026 | Industrial Alliance Securities | Target | $23 | $24 | ||
| Jun 29, 2026 | Raymond James | Reiterate | Strong Buy | $24 | $25 | |
| Apr 29, 2026 | Industrial Alliance Securities | Target | $22 | $23 | ||
| Feb 20, 2026 | Industrial Alliance Securities | Target | $22 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.10 | $0.38 | +267.9% | $42.3M | $43.8M | +3.6% | +2.10% |
| Apr 28, 2026Q1 FY26 | $0.51 | $0.13 | −74.5% | $38.9M | $41.2M | +5.9% | +3.71% |
| Feb 19, 2026Q4 FY25 | $0.50 | $0.82 | +64.0% | $37.9M | $38.3M | +1.1% | +3.75% |
| Oct 28, 2025Q3 FY25 | $0.49 | $0.03 | −93.9% | $37.9M | $37.8M | −0.4% | +1.29% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $35.8M | $37.6M | $37.8M | $38.3M | $41.2M | $43.8M | |
| Gross profit | $26.9M | $27.5M | $28.5M | −$91.3M | $31.0M | $32.7M | |
| Operating income | $7.9M | $7.7M | $8.8M | $29.1M | $10.0M | $13.3M | |
| Net income | $2.3M | −$23.4M | $3.0M | $28.3M | $6.2M | $15.1M | |
| Diluted EPS | $0.01 | −$0.77 | $0.09 | $0.82 | $0.13 | $0.38 | |
| Gross margin | 75.2% | 73.0% | 75.4% | -238.1% | 75.3% | 74.6% | |
| Operating margin | 22.0% | 20.5% | 23.2% | 75.9% | 24.2% | 30.2% |
Fiscal years (4-quarter sums)FY21 $70.3M · FY22 $82.3M · FY23 $109.1M · FY24 $124.5M · FY25 $149.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $59.4M · Total debt $690.3M · Total assets $1.40B · Shareholders' equity $663.2M
Dividends
Raised for 15 straight years — most recently to $0.38 from $0.3733 split-adjusted in Sep 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 11, 2026 | Jun 11 | Jun 30 | $0.38 | |
| Mar 12, 2026 | Mar 12 | Mar 31 | $0.38 | |
| Dec 11, 2025 | Dec 11 | Dec 31 | $0.38 | |
| Sep 11, 2025 | Sep 11 | Sep 30 | $0.38 | |
| Jun 12, 2025 | Jun 12 | Jun 30 | $0.38 | |
| Mar 13, 2025 | Mar 13 | Mar 31 | $0.38 | |
| Dec 12, 2024 | Dec 12 | Dec 31 | $0.38 | |
| Sep 12, 2024 | Sep 12 | Sep 30 | $0.38 |
Ownership
Shares outstanding 37.49M · Float 35.80M · 95.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.61M | 9.62% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 1.63M | 4.35% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.39M | 3.70% | 13F | Aug 13, 2026 |
| Two Sigma Investments, LP | 1.36M | 3.62% | 13F | Aug 14, 2026 |
| Geode Capital Management, LLC | 1.01M | 2.71% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2025 | John P. Albright | director, officer: PRESIDENT & CEO | +6,200 | $16.48 |
| Sep 16, 2025 | John P. Albright | director, officer: PRESIDENT & CEO | +2,000 | $16.38 |
| Sep 12, 2025 | Steven Robert Greathouse | officer: SVP & CHIEF INVESTMENT OFFICER | +600 | $16.70 |
| Sep 12, 2025 | Lisa Vorakoun | officer: SVP & CHIEF ACCOUNTING OFFICER | +750 | $16.60 |
| Sep 11, 2025 | Daniel Earl Smith | officer: SVP, GEN COUNSEL & CORP SECRET | +1,000 | $16.50 |
Peers
- Kimco Realty
Large-scale open-air and mixed-use retail REIT in Sun Belt markets
- Regency Centers
National owner of grocery-anchored neighborhood and community centers
- Kite Realty Group
Sun Belt owner and operator of grocery-anchored open-air centers
- Brixmor Property Group
National owner and operator of open-air shopping centers
- Federal Realty
Retail and mixed-use owner, operator and redevelopment specialist
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CTO Realty Growth | $21.60 | +0.23% | $808.6M | 15.2 | 34.1 | 5.0 | +16.5% |
| Kimco Realty | $23.78 | +0.02% | $16.03B | 26.7 | 27.8 | 7.3 | +4.1% |
| Regency Centers | $75.52 | +0.01% | $13.79B | 21.4 | 29.9 | 8.0 | +5.8% |
| Kite Realty Group | $26.00 | 0.00% | $5.21B | 16.1 | 65.4 | 6.4 | −9.4% |
| Brixmor Property Group | $29.17 | −0.02% | $8.95B | 20.8 | 28.0 | 6.4 | +4.2% |
| Federal Realty | $116.75 | −0.01% | $10.09B | 23.3 | 37.7 | 7.6 | +4.6% |
| Median | 21.4 | 29.9 | 7.3 | +4.2% |