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CTO Realty Growth (CTO) Financials

CTO Realty Growth logo
$15.88 +0.14 (+0.86%)
Closing price 03:59 PM Eastern
Extended Trading
$15.80 -0.08 (-0.54%)
As of 07:32 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for CTO Realty Growth

Annual Income Statements for CTO Realty Growth

This table shows CTO Realty Growth's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -1.62 0.76 -8.78
Consolidated Net Income / (Loss)		 3.16 5.53 -1.97
Net Income / (Loss) Continuing Operations		 3.16 5.53 -1.97
Total Pre-Tax Income 		0.33 6.13 -2.30
Total Revenue		 83 111 127
Net Interest Income / (Expense)		 0.78 1.99 2.61
Total Interest Income		 0.78 1.99 2.61
Investment Securities Interest Income		 0.78 1.99 2.61
Total Interest Expense		 0.00 0.00 0.00
Total Non-Interest Income		 82 109 125
Net Realized & Unrealized Capital Gains on Investments		 0.00 0.00 0.00
Other Non-Interest Income		 82 109 125
Total Non-Interest Expense		 72 83 107
Other Operating Expenses		 43 37 41
Depreciation Expense		 29 44 65
Impairment Charge		 0.00 1.56 0.68
Nonoperating Income / (Expense), net		 -11 -22 -23
Income Tax Expense		 -2.83 0.60 -0.34
Preferred Stock Dividends Declared		 4.78 4.77 6.81
Basic Earnings per Share		 ($0.09) $0.03 ($0.35)
Weighted Average Basic Shares Outstanding		 18.51M 22.53M 25.36M
Diluted Earnings per Share		 ($0.09) $0.03 ($0.35)
Weighted Average Diluted Shares Outstanding		 18.51M 22.53M 25.40M
Weighted Average Basic & Diluted Shares Outstanding		 23.01M 22.81M 31.84M

Quarterly Income Statements for CTO Realty Growth

This table shows CTO Realty Growth's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 3.62 -4.27 -7.19 0.61 1.49 5.85 4.66 -0.69 4.35 -17
Consolidated Net Income / (Loss)		 4.82 -3.08 -5.99 1.80 2.69 7.04 5.84 1.18 6.23 -15
Net Income / (Loss) Continuing Operations		 4.82 -3.08 -5.99 1.80 2.69 7.04 5.84 1.18 6.23 -15
Total Pre-Tax Income 		4.65 -5.45 -5.97 2.28 2.55 7.27 5.74 1.26 6.36 -16
Total Revenue		 25 25 20 29 32 30 25 30 39 33
Net Interest Income / (Expense)		 -3.07 7.05 -4.29 1.81 1.18 3.28 -3.26 1.43 7.03 -2.60
Total Interest Income		 -3.07 7.05 -4.29 1.81 1.18 3.28 -3.26 1.43 7.03 -2.60
Investment Securities Interest Income		 -3.07 7.05 -4.29 1.81 1.18 3.28 -3.26 1.43 7.03 -2.60
Total Non-Interest Income		 28 18 25 27 31 26 28 29 32 36
Other Non-Interest Income		 23 23 25 26 28 30 28 29 32 36
Total Non-Interest Expense		 17 26 22 21 23 16 14 23 27 43
Other Operating Expenses		 10 18 11 11 11 4.63 2.63 12 13 14
Depreciation Expense		 7.31 8.45 10 11 12 11 11 12 13 29
Impairment Charge		 0.00 - 0.48 0.00 0.93 0.15 0.05 0.07 0.54 0.02
Nonoperating Income / (Expense), net		 -3.04 -3.90 -4.63 -5.21 -6.32 -6.20 -5.53 -5.60 -5.63 -5.76
Income Tax Expense		 -0.16 -2.37 0.03 0.48 -0.14 0.23 -0.11 0.07 0.13 -0.44
Preferred Stock Dividends Declared		 1.20 1.20 1.20 1.20 1.20 1.19 1.19 1.87 1.88 1.88
Basic Earnings per Share		 $0.20 ($0.23) ($0.32) $0.03 $0.07 $0.26 $0.21 ($0.03) $0.17 ($0.70)
Weighted Average Basic Shares Outstanding		 18.39M 18.51M 22.70M 22.48M 22.48M 22.53M 22.55M 22.79M 25.45M 25.36M
Diluted Earnings per Share		 $0.19 ($0.23) ($0.32) $0.03 $0.07 $0.26 $0.20 ($0.03) $0.17 ($0.69)
Weighted Average Diluted Shares Outstanding		 21.51M 18.51M 22.70M 22.48M 22.48M 22.53M 26.06M 22.83M 25.52M 25.40M
Weighted Average Basic & Diluted Shares Outstanding		 18.80M 23.01M 22.70M 22.70M 22.69M 22.81M 22.95M 23.12M 29.98M 31.84M

Annual Cash Flow Statements for CTO Realty Growth

This table details how cash moves in and out of CTO Realty Growth's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -10 -3.38 -0.46
Net Cash From Operating Activities		 56 46 69
Net Cash From Continuing Operating Activities		 56 46 69
Net Income / (Loss) Continuing Operations		 3.16 5.53 -1.97
Consolidated Net Income / (Loss)		 3.16 5.53 -1.97
Depreciation Expense		 29 44 65
Amortization Expense		 2.98 3.40 0.92
Non-Cash Adjustments to Reconcile Net Income		 12 -1.36 -3.19
Changes in Operating Assets and Liabilities, net		 9.31 -5.32 8.53
Net Cash From Investing Activities		 -268 -53 -242
Net Cash From Continuing Investing Activities		 -268 -53 -242
Purchase of Property, Leasehold Improvements and Equipment		 -298 -80 -224
Purchase of Investment Securities		 -72 -59 -82
Sale of Property, Leasehold Improvements and Equipment		 41 84 37
Sale and/or Maturity of Investments		 62 2.16 27
Net Cash From Financing Activities		 201 2.77 172
Net Cash From Continuing Financing Activities		 201 2.77 172
Issuance of Debt		 381 149 366
Issuance of Preferred Equity		 0.00 0.00 33
Issuance of Common Equity		 94 -0.18 165
Repayment of Debt		 -236 -100 -343
Repurchase of Common Equity		 -2.79 -6.44 -0.66
Payment of Dividends		 -34 -39 -47
Other Financing Activities, Net		 -0.53 -0.65 -0.63

Quarterly Cash Flow Statements for CTO Realty Growth

This table details how cash moves in and out of CTO Realty Growth's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 12 -26 -13 1.46 20 -12 -3.00 -8.66 3.71 7.49
Net Cash From Operating Activities		 12 22 9.33 16 15 6.48 12 13 21 24
Net Cash From Continuing Operating Activities		 12 22 9.33 16 15 6.48 12 13 21 24
Net Income / (Loss) Continuing Operations		 4.82 -3.08 -5.99 1.80 2.69 7.04 5.84 1.18 6.23 -15
Consolidated Net Income / (Loss)		 4.82 -3.08 -5.99 1.80 2.69 7.04 5.84 1.18 6.23 -15
Depreciation Expense		 7.31 8.45 10 11 12 11 11 12 13 29
Amortization Expense		 0.83 0.83 0.96 0.89 0.78 0.77 0.73 0.58 0.40 -0.78
Non-Cash Adjustments to Reconcile Net Income		 -0.60 6.27 6.44 -1.40 -1.16 -5.25 -3.07 0.06 -4.16 3.98
Changes in Operating Assets and Liabilities, net		 -0.69 9.54 -2.40 3.58 0.94 -7.44 -2.68 -0.49 5.51 6.19
Net Cash From Investing Activities		 -26 -187 -26 -81 8.15 46 -52 11 -175 -27
Net Cash From Continuing Investing Activities		 -26 -187 -26 -81 8.15 46 -52 11 -175 -27
Purchase of Investment Securities		 -114 91 -18 -1.98 -101 62 -80 -5.43 -192 196
Sale and/or Maturity of Investments		 59 -21 0.40 0.59 - 1.17 8.49 17 - 1.82
Net Cash From Financing Activities		 27 140 3.65 67 -3.51 -64 37 -33 157 11
Net Cash From Continuing Financing Activities		 27 140 3.65 67 -3.63 -64 37 -33 157 11
Issuance of Debt		 164 162 39 77 17 16 56 15 247 48
Issuance of Common Equity		 12 74 -0.07 - - -0.35 2.44 -1.98 132 32
Repayment of Debt		 -138 -87 -20 -0.01 -11 -69 -9.50 -75 -203 -56
Payment of Dividends		 -8.29 -9.80 -9.85 -9.74 -9.74 -9.71 -9.79 -11 -13 -14
Other Financing Activities, Net		 -0.35 0.49 -0.79 - -0.24 0.38 -1.27 - - 0.65

Annual Balance Sheets for CTO Realty Growth

This table presents CTO Realty Growth's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 987 990 1,182
Cash and Due from Banks		 19 10 9.02
Restricted Cash		 1.86 7.61 8.34
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Premises and Equipment, Net		 735 735 902
Mortgage Servicing Rights		 32 62 105
Intangible Assets		 116 97 79
Other Assets		 82 78 78
Total Liabilities & Shareholders' Equity		 987 990 1,182
Total Liabilities		 482 532 569
Short-Term Debt		 2.54 2.76 3.28
Long-Term Debt		 446 495 519
Other Long-Term Liabilities		 34 34 47
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 505 458 613
Total Preferred & Common Equity		 505 458 613
Preferred Stock		 0.03 0.03 0.05
Total Common Equity		 505 457 613
Common Stock		 173 169 368
Retained Earnings		 316 282 232
Accumulated Other Comprehensive Income / (Loss)		 16 6.89 13

Quarterly Balance Sheets for CTO Realty Growth

This table presents CTO Realty Growth's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 846 981 1,062 1,066 1,041 1,010 1,176
Cash and Due from Banks		 9.53 7.02 7.31 7.02 6.76 4.79 8.17
Restricted Cash		 37 1.59 2.76 23 8.06 1.36 1.70
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 568 736 807 780 782 780 880
Mortgage Servicing Rights		 46 - 46 47 67 50 103
Intangible Assets		 88 110 113 106 101 95 108
Other Assets		 97 3.64 85 105 76 78 75
Total Liabilities & Shareholders' Equity		 846 981 1,062 1,066 1,041 1,010 1,176
Total Liabilities		 401 503 583 588 579 518 580
Short-Term Debt		 1.14 - 3.98 3.97 2.64 1.79 2.08
Long-Term Debt		 370 465 542 548 542 483 527
Other Long-Term Liabilities		 30 35 37 36 34 34 51
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 444 479 479 478 462 492 596
Total Preferred & Common Equity		 444 479 479 478 462 492 596
Preferred Stock		 0.03 - 0.03 0.03 0.03 0.05 0.05
Total Common Equity		 444 479 479 478 462 492 596
Common Stock		 98 168 168 169 170 208 335
Retained Earnings		 329 300 292 285 278 268 261
Accumulated Other Comprehensive Income / (Loss)		 17 11 18 24 14 15 -0.41

Annual Metrics And Ratios for CTO Realty Growth

This table displays calculated financial ratios and metrics derived from CTO Realty Growth's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 -22.77% 33.71% 14.42%
EBITDA Growth		 -25.17% 75.77% 13.30%
EBIT Growth		 -68.03% 149.00% -29.05%
NOPAT Growth		 176.18% -76.68% -44.91%
Net Income Growth		 -89.45% 75.11% -135.53%
EPS Growth		 -105.77% 133.33% -1,266.67%
Operating Cash Flow Growth		 103.42% -17.25% 49.39%
Free Cash Flow Firm Growth		 -210.95% 117.12% -820.72%
Invested Capital Growth		 34.45% 0.29% 18.77%
Revenue Q/Q Growth		 -7.48% 11.88% -3.05%
EBITDA Q/Q Growth		 -8.33% 30.39% -7.46%
EBIT Q/Q Growth		 -37.45% 111.37% -53.61%
NOPAT Q/Q Growth		 563.50% 172.23% -67.00%
Net Income Q/Q Growth		 -61.34% 220.58% -109.69%
EPS Q/Q Growth		 -150.00% 107.14% -162.50%
Operating Cash Flow Q/Q Growth		 13.81% -25.08% 32.58%
Free Cash Flow Firm Q/Q Growth		 0.13% 111.18% -220.60%
Invested Capital Q/Q Growth		 16.81% -7.24% 0.92%
Profitability Metrics		 - - -
EBITDA Margin		 52.08% 68.47% 67.80%
EBIT Margin		 13.77% 25.64% 15.90%
Profit (Net Income) Margin		 3.80% 4.98% -1.55%
Tax Burden Percent		 962.80% 90.15% 85.29%
Interest Burden Percent		 2.87% 21.53% -11.40%
Effective Tax Rate		 -862.80% 9.85% 0.00%
Return on Invested Capital (ROIC)		 13.26% 2.69% 1.35%
ROIC Less NNEP Spread (ROIC-NNEP)		 -16.20% -1.57% -1.81%
Return on Net Nonoperating Assets (RNNOA)		 -12.59% -1.54% -1.72%
Return on Equity (ROE)		 0.68% 1.15% -0.37%
Cash Return on Invested Capital (CROIC)		 -16.13% 2.40% -15.81%
Operating Return on Assets (OROA)		 1.33% 2.88% 1.86%
Return on Assets (ROA)		 0.37% 0.56% -0.18%
Return on Common Equity (ROCE)		 0.68% 1.15% -0.37%
Return on Equity Simple (ROE_SIMPLE)		 0.63% 1.21% -0.32%
Net Operating Profit after Tax (NOPAT)		 110 26 14
NOPAT Margin		 132.59% 23.12% 11.13%
Net Nonoperating Expense Percent (NNEP)		 29.46% 4.26% 3.16%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 86.23% 74.36% 84.10%
Earnings before Interest and Taxes (EBIT)		 11 28 20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 43 76 86
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.57 0.79 0.96
Price to Tangible Book Value (P/TBV)		 0.74 1.00 1.11
Price to Revenue (P/Rev)		 3.48 3.26 4.65
Price to Earnings (P/E)		 0.00 477.23 0.00
Dividend Yield		 9.71% 9.53% 7.71%
Earnings Yield		 0.00% 0.21% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.75 0.88 0.97
Enterprise Value to Revenue (EV/Rev)		 8.62 7.58 8.62
Enterprise Value to EBITDA (EV/EBITDA)		 16.55 11.07 12.71
Enterprise Value to EBIT (EV/EBIT)		 62.58 29.55 54.20
Enterprise Value to NOPAT (EV/NOPAT)		 6.50 32.78 77.43
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.77 18.14 15.80
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 36.72 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.89 1.09 0.85
Long-Term Debt to Equity		 0.88 1.08 0.85
Financial Leverage		 0.78 0.98 0.95
Leverage Ratio		 1.84 2.05 2.03
Compound Leverage Factor		 0.05 0.44 -0.23
Debt to Total Capital		 47.03% 52.12% 46.01%
Short-Term Debt to Total Capital		 0.27% 0.29% 0.29%
Long-Term Debt to Total Capital		 46.76% 51.84% 45.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 52.97% 47.87% 53.98%
Debt to EBITDA		 10.35 6.55 6.06
Net Debt to EBITDA		 9.87 6.31 5.86
Long-Term Debt to EBITDA		 10.30 6.51 6.02
Debt to NOPAT		 4.07 19.39 36.90
Net Debt to NOPAT		 3.88 18.70 35.68
Long-Term Debt to NOPAT		 4.04 19.28 36.67
Noncontrolling Interest Sharing Ratio		 0.01% 0.01% 0.01%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -134 23 -165
Operating Cash Flow to CapEx		 21.82% 0.00% 37.04%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00
Efficiency Ratios		 - - -
Asset Turnover		 0.10 0.11 0.12
Fixed Asset Turnover		 0.14 0.15 0.16
Capital & Investment Metrics		 - - -
Invested Capital		 953 956 1,135
Invested Capital Turnover		 0.10 0.12 0.12
Increase / (Decrease) in Invested Capital		 244 2.76 179
Enterprise Value (EV)		 716 842 1,096
Market Capitalization		 289 362 591
Book Value per Share		 $26.85 $20.17 $20.44
Tangible Book Value per Share		 $20.68 $15.89 $17.80
Total Capital		 953 956 1,135
Total Debt		 448 498 522
Total Long-Term Debt		 446 495 519
Net Debt		 427 480 505
Capital Expenditures (CapEx)		 257 -4.06 187
Net Nonoperating Expense (NNE)		 107 20 16
Net Nonoperating Obligations (NNO)		 448 498 522
Total Depreciation and Amortization (D&A)		 32 48 66
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 ($0.09) $0.03 ($0.35)
Adjusted Weighted Average Basic Shares Outstanding		 18.51M 22.53M 25.36M
Adjusted Diluted Earnings per Share		 ($0.09) $0.03 ($0.35)
Adjusted Weighted Average Diluted Shares Outstanding		 18.51M 22.53M 25.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 23.01M 22.81M 31.84M
Normalized Net Operating Profit after Tax (NOPAT)		 8.01 27 15
Normalized NOPAT Margin		 9.64% 24.38% 11.50%
Pre Tax Income Margin		 0.39% 5.52% -1.81%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00
Payout Ratios		 - - -
Dividend Payout Ratio		 1,066.40% 705.93% -2,396.64%
Augmented Payout Ratio		 1,154.81% 822.37% -2,430.43%

Quarterly Metrics And Ratios for CTO Realty Growth

This table displays calculated financial ratios and metrics derived from CTO Realty Growth's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -34.91% -21.28% 35.53% 59.54% 28.34% 19.14% 21.75% 4.54% 20.92% 11.97%
EBITDA Growth		 -50.18% -33.72% 15.82% 72.64% 34.71% 230.83% 130.61% -1.18% 20.10% -27.06%
EBIT Growth		 -70.38% -129.22% -183.79% 102.05% 15.32% 969.21% 944.38% -8.46% 35.20% -173.51%
NOPAT Growth		 -69.30% -134.13% -183.79% 87.29% 17.31% 1,302.59% 1,328.76% 9.36% 25.74% -153.13%
Net Income Growth		 -79.88% -259.37% -3,066.83% 47.78% -44.24% 328.55% 197.48% -34.28% 131.83% -316.24%
EPS Growth		 -85.27% -675.00% -433.33% 0.00% -63.16% 213.04% 162.50% -200.00% 142.86% -365.38%
Operating Cash Flow Growth		 296.91% 44.73% -18.38% 42.87% 27.92% -70.59% 26.05% -17.91% 42.01% 263.14%
Free Cash Flow Firm Growth		 -75.82% -207.30% -127.16% -96.93% -43.66% 104.19% 75.92% 122.49% 59.69% -1,912.21%
Invested Capital Growth		 22.67% 34.45% 29.25% 32.00% 26.29% 0.29% 6.69% -4.69% 9.17% 18.77%
Revenue Q/Q Growth		 37.86% -0.71% 14.71% 41.78% 10.91% -7.83% -33.05% 21.74% 28.28% -14.65%
EBITDA Q/Q Growth		 42.20% -51.13% 26.46% 93.30% 10.96% 20.02% -10.52% -17.16% 34.85% -27.11%
EBIT Q/Q Growth		 107.36% -120.14% 13.88% 661.77% 18.35% 51.81% -16.34% -39.10% 74.80% -182.55%
NOPAT Q/Q Growth		 152.33% -113.62% 13.88% 732.74% 58.05% 39.64% -12.01% -43.69% 81.73% -159.01%
Net Income Q/Q Growth		 295.48% -163.92% -94.64% 130.04% 49.22% 161.99% -16.98% -79.75% 426.37% -344.37%
EPS Q/Q Growth		 0.00% -221.05% -39.13% 109.38% 133.33% 271.43% -23.08% -115.00% 666.67% -505.88%
Operating Cash Flow Q/Q Growth		 6.21% 88.71% -57.64% 68.26% -4.91% -56.61% 81.55% 9.58% 64.50% 10.97%
Free Cash Flow Firm Q/Q Growth		 -16.01% -71.74% 12.52% -12.99% 15.37% 105.01% -602.46% 205.51% -251.70% -125.34%
Invested Capital Q/Q Growth		 5.13% 16.81% -0.96% 8.54% 0.58% -7.24% 5.36% -3.04% 15.20% 0.92%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 63.25% 31.13% 48.67% 66.36% 66.39% 86.44% 92.19% 62.73% 65.94% 56.31%
EBIT Margin		 30.73% -6.23% -6.53% 25.88% 27.61% 45.48% 45.30% 22.66% 30.88% -29.86%
Profit (Net Income) Margin		 19.25% -12.39% -29.34% 6.22% 8.36% 23.77% 23.49% 3.91% 16.03% -45.91%
Tax Burden Percent		 103.50% 56.52% 100.45% 78.84% 105.29% 96.85% 101.87% 94.19% 97.92% 97.21%
Interest Burden Percent		 60.51% 351.71% 447.23% 30.46% 28.76% 53.97% 50.91% 18.31% 53.03% 158.15%
Effective Tax Rate		 -3.50% 0.00% 0.00% 21.16% -5.29% 3.15% -1.87% 5.81% 2.08% 0.00%
Return on Invested Capital (ROIC)		 3.86% -0.44% -0.44% 2.09% 3.13% 5.13% 5.82% 2.65% 3.68% -2.54%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.81% -0.99% -1.77% 1.17% 1.69% 3.86% 4.71% 1.63% 2.66% -4.17%
Return on Net Nonoperating Assets (RNNOA)		 1.92% -0.77% -1.49% 1.14% 1.69% 3.80% 5.05% 1.73% 2.68% -3.97%
Return on Equity (ROE)		 5.78% -1.20% -1.93% 3.23% 4.82% 8.92% 10.88% 4.38% 6.36% -6.51%
Cash Return on Invested Capital (CROIC)		 -18.12% -16.13% -24.81% -26.63% -22.21% 2.40% -2.37% 8.83% -4.78% -15.81%
Operating Return on Assets (OROA)		 3.60% -0.60% -0.61% 2.56% 2.87% 5.11% 5.51% 2.72% 3.61% -3.50%
Return on Assets (ROA)		 2.26% -1.20% -2.75% 0.62% 0.87% 2.67% 2.86% 0.47% 1.88% -5.38%
Return on Common Equity (ROCE)		 5.78% -1.20% -1.93% 3.23% 4.82% 8.92% 10.87% 4.38% 6.36% -6.51%
Return on Equity Simple (ROE_SIMPLE)		 1.84% 0.00% -0.63% -0.51% -0.96% 0.00% 3.76% 3.41% 3.41% 0.00%
Net Operating Profit after Tax (NOPAT)		 7.96 -1.08 -0.93 5.91 9.34 13 11 6.46 12 -6.93
NOPAT Margin		 31.81% -4.36% -4.57% 20.40% 29.08% 44.05% 46.14% 21.34% 30.24% -20.90%
Net Nonoperating Expense Percent (NNEP)		 1.05% 0.55% 1.32% 0.92% 1.44% 1.27% 1.12% 1.02% 1.02% 1.62%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 69.27% 106.23% 106.53% 74.12% 72.39% 54.52% 54.70% 77.34% 69.12% 129.86%
Earnings before Interest and Taxes (EBIT)		 7.69 -1.55 -1.33 7.49 8.87 13 11 6.86 12 -9.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 7.74 9.94 19 21 26 23 19 26 19
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.66 0.57 0.74 0.74 0.71 0.79 0.81 0.81 0.74 0.96
Price to Tangible Book Value (P/TBV)		 0.83 0.74 0.96 0.97 0.91 1.00 1.04 1.01 0.90 1.11
Price to Revenue (P/Rev)		 3.28 3.48 4.36 3.86 3.40 3.26 3.06 3.22 3.35 4.65
Price to Earnings (P/E)		 86.94 0.00 0.00 0.00 0.00 477.23 29.86 35.43 31.04 0.00
Dividend Yield		 9.00% 9.71% 9.80% 9.69% 10.23% 9.53% 9.16% 8.71% 7.99% 7.71%
Earnings Yield		 1.15% 0.00% 0.00% 0.00% 0.00% 0.21% 3.35% 2.82% 3.22% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.76 0.75 0.86 0.87 0.83 0.88 0.90 0.90 0.85 0.97
Enterprise Value to Revenue (EV/Rev)		 6.89 8.62 9.97 9.67 8.66 7.58 7.36 7.07 7.31 8.62
Enterprise Value to EBITDA (EV/EBITDA)		 13.11 16.55 18.14 16.87 14.74 11.07 10.17 9.89 10.29 12.71
Enterprise Value to EBIT (EV/EBIT)		 33.84 62.58 95.31 72.48 63.79 29.55 22.05 21.73 22.00 54.20
Enterprise Value to NOPAT (EV/NOPAT)		 37.28 6.50 136.16 103.54 91.13 32.78 22.65 21.80 22.36 77.43
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.56 12.77 15.03 15.19 13.88 18.14 18.55 19.09 18.33 15.80
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 36.72 0.00 9.95 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.84 0.89 0.97 1.14 1.16 1.09 1.18 0.99 0.89 0.85
Long-Term Debt to Equity		 0.83 0.88 0.97 1.13 1.15 1.08 1.17 0.98 0.88 0.85
Financial Leverage		 0.68 0.78 0.84 0.98 1.00 0.98 1.07 1.06 1.01 0.95
Leverage Ratio		 1.74 1.84 1.91 2.05 2.07 2.05 2.15 2.13 2.09 2.03
Compound Leverage Factor		 1.05 6.47 8.54 0.62 0.60 1.11 1.09 0.39 1.11 3.21
Debt to Total Capital		 45.52% 47.03% 49.28% 53.28% 53.60% 52.12% 54.09% 49.62% 47.03% 46.01%
Short-Term Debt to Total Capital		 0.14% 0.27% 0.00% 0.39% 0.39% 0.29% 0.26% 0.18% 0.18% 0.29%
Long-Term Debt to Total Capital		 45.39% 46.76% 49.28% 52.89% 53.21% 51.84% 53.83% 49.44% 46.84% 45.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 54.47% 52.97% 50.71% 46.72% 46.40% 47.87% 45.90% 50.37% 52.97% 53.98%
Debt to EBITDA		 7.87 10.35 10.39 10.33 9.47 6.55 6.11 5.45 5.68 6.06
Net Debt to EBITDA		 6.87 9.87 10.20 10.14 8.96 6.31 5.95 5.38 5.57 5.86
Long-Term Debt to EBITDA		 7.84 10.30 10.39 10.25 9.40 6.51 6.08 5.43 5.66 6.02
Debt to NOPAT		 22.37 4.07 78.02 63.38 58.52 19.39 13.61 12.02 12.33 36.90
Net Debt to NOPAT		 19.55 3.88 76.57 62.21 55.38 18.70 13.24 11.86 12.10 35.68
Long-Term Debt to NOPAT		 22.30 4.04 78.02 62.91 58.10 19.28 13.55 11.97 12.28 36.67
Noncontrolling Interest Sharing Ratio		 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -143 -245 -215 -242 -205 10 -52 55 -83 -186
Operating Cash Flow to CapEx		 0.00% 0.00% 119.61% 19.75% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.12 0.10 0.09 0.10 0.10 0.11 0.12 0.12 0.12 0.12
Fixed Asset Turnover		 0.18 0.14 0.13 0.14 0.15 0.15 0.16 0.16 0.16 0.16
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 816 953 944 1,024 1,030 956 1,007 976 1,125 1,135
Invested Capital Turnover		 0.12 0.10 0.10 0.10 0.11 0.12 0.13 0.12 0.12 0.12
Increase / (Decrease) in Invested Capital		 151 244 214 248 214 2.76 63 -48 94 179
Enterprise Value (EV)		 619 716 812 892 860 842 906 879 959 1,096
Market Capitalization		 294 289 355 356 337 362 376 401 440 591
Book Value per Share		 $24.26 $26.85 $20.80 $21.08 $21.06 $20.17 $20.50 $21.43 $25.77 $20.44
Tangible Book Value per Share		 $19.47 $20.68 $16.00 $16.10 $16.40 $15.89 $16.02 $17.29 $21.11 $17.80
Total Capital		 816 953 944 1,024 1,030 956 1,007 976 1,125 1,135
Total Debt		 371 448 465 546 552 498 545 484 529 522
Total Long-Term Debt		 370 446 465 542 548 495 542 483 527 519
Net Debt		 325 427 457 536 523 480 530 478 519 505
Capital Expenditures (CapEx)		 0.00 0.00 7.80 79 -19 -63 -20 0.00 -18 0.00
Net Nonoperating Expense (NNE)		 3.14 1.99 5.06 4.11 6.65 6.00 5.63 5.28 5.52 8.29
Net Nonoperating Obligations (NNO)		 371 448 465 546 552 498 545 484 529 522
Total Depreciation and Amortization (D&A)		 8.14 9.28 11 12 12 12 12 12 14 29
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.20 ($0.23) ($0.32) $0.03 $0.07 $0.26 $0.21 ($0.03) $0.17 ($0.70)
Adjusted Weighted Average Basic Shares Outstanding		 18.39M 18.51M 22.70M 22.48M 22.48M 22.53M 22.55M 22.79M 25.45M 25.36M
Adjusted Diluted Earnings per Share		 $0.19 ($0.23) ($0.32) $0.03 $0.07 $0.26 $0.20 ($0.03) $0.17 ($0.69)
Adjusted Weighted Average Diluted Shares Outstanding		 21.51M 18.51M 22.70M 22.48M 22.48M 22.53M 26.06M 22.83M 25.52M 25.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.23) $0.00 $0.00 $0.00 $0.26 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 18.80M 23.01M 22.70M 22.70M 22.69M 22.81M 22.95M 23.12M 29.98M 31.84M
Normalized Net Operating Profit after Tax (NOPAT)		 5.38 -1.08 -0.60 5.91 6.86 13 7.92 6.52 12 -6.91
Normalized NOPAT Margin		 21.51% -4.36% -2.93% 20.40% 21.35% 44.53% 31.84% 21.55% 31.59% -20.85%
Pre Tax Income Margin		 18.60% -21.93% -29.21% 7.88% 7.94% 24.54% 23.06% 4.15% 16.37% -47.23%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 378.92% 1,066.40% -1,182.68% -1,534.79% -853.21% 705.93% 224.43% 237.73% 211.86% -2,396.64%
Augmented Payout Ratio		 440.15% 1,154.81% -1,439.55% -1,808.92% -965.98% 822.37% 236.49% 249.78% 221.38% -2,430.43%

Financials Breakdown Chart

Key Financial Trends

CTO Realty Growth, Inc. (NYSE: CTO) has shown mixed financial performance and operational trends over the last four years through Q4 2024. Here are the key takeaways from the company's recent financial statements:

  • Strong non-interest income: The company consistently generates significant non-interest income, with Q4 2024 showing $35.7 million, up from $26.3 million in Q4 2023 and growing gradually over previous years. This indicates diversified revenue streams beyond interest income.
  • Stable depreciation expense reflecting asset base: Depreciation expense increased from around $8.45 million in Q4 2022 to approx. $29.3 million in Q4 2024, consistent with growth in premises and equipment (notably from around $567 million in Q3 2022 to $880 million in Q3 2024). This suggests expansion or acquisition of fixed assets.
  • Strong operating cash flows: CTO reported positive net cash from continuing operating activities, with $23.5 million in Q4 2024 and similar robust cash flows in Q3 and prior quarters. This indicates healthy operational cash generation.
  • Increased equity base: Total common equity increased from roughly $444 million in Q3 2022 to about $596 million in Q3 2024, highlighting retained earnings growth and equity injections.
  • Net interest income challenges: The company experienced negative net interest income of approximately -$2.6 million in Q4 2024, reversing from positive figures in prior quarters (e.g., $7 million in Q3 2024). This may reflect changes in investment yield or interest expense dynamics.
  • Net realized & unrealized capital gains volatility: Capital gains/losses have fluctuated significantly quarter to quarter, with losses of about -$3.5 million in Q4 2023 and no gains in the last few quarters. This adds some earnings variability.
  • Fluctuating dividend and equity activities: The company has ongoing payments of preferred stock dividends ($1.88 - $1.19 million range) and repurchases/issuances of common equity and debt, indicating active capital management.
  • Recent net losses on consolidated net income: Q4 2024 showed a net loss of -$15.2 million and net loss attributable to common shareholders of -$17.1 million, a sharp decline from positive earnings in prior quarters (e.g., Q3 2024 net income of $6.2 million). This signals recent profitability pressure.
  • High depreciation and impairment charges: Depreciation expense more than doubled from prior years' quarters to $29.3 million in Q4 2024, alongside small impairment charges (though minor). This increased non-interest expense impacts profitability.
  • Significant investing cash outflows: CTO made large purchases of investment securities (e.g., $195 million in Q4 2024, $192 million in Q3 2024) while selling relatively little, causing sizable negative cash flows from investing activities (-$26.8 million in Q4 2024, -$174.6 million in Q3 2024). This capital deployment may pressure liquidity in the short term.

Summary: CTO Realty Growth has been expanding its asset base and equity capital, with solid cash flow generation and strong non-interest income growth. However, recent quarters, notably Q4 2024, show challenges including net losses, negative net interest income, and heavy investing outflows. Investors should watch for whether these investments generate future income and how the company manages expenses, especially depreciation and interest costs, to return to consistent profitability.

10/15/25 09:07 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About CTO Realty Growth's Financials

When does CTO Realty Growth's financial year end?

According to the most recent income statement we have on file, CTO Realty Growth's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CTO Realty Growth's net income changed over the last 2 years?

CTO Realty Growth's net income appears to be on a downward trend, with a most recent value of -$1.97 million in 2024, falling from $3.16 million in 2022. The previous period was $5.53 million in 2023. See CTO Realty Growth's forecast for analyst expectations on what’s next for the company.

How has CTO Realty Growth's revenue changed over the last 2 years?

Over the last 2 years, CTO Realty Growth's total revenue changed from $83.10 million in 2022 to $127.13 million in 2024, a change of 53.0%.

How much debt does CTO Realty Growth have?

CTO Realty Growth's total liabilities were at $568.85 million at the end of 2024, a 6.9% increase from 2023, and a 18.1% increase since 2022.

How much cash does CTO Realty Growth have?

In the past 2 years, CTO Realty Growth's cash and equivalents has ranged from $9.02 million in 2024 to $19.33 million in 2022, and is currently $9.02 million as of their latest financial filing in 2024.

How has CTO Realty Growth's book value per share changed over the last 2 years?

Over the last 2 years, CTO Realty Growth's book value per share changed from 26.85 in 2022 to 20.44 in 2024, a change of -23.9%.


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This page (NYSE:CTO) was last updated on 10/15/2025 by MarketBeat.com Staff
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