(CTO) CTO Realty Growth - Overview
Sector: Real Estate | Industry: REIT - Diversified | Exchange: NYSE (USA) | Market Cap: 689m USD | Total Return: 21.4% in 12m
Avg Turnover: 6.81M
Qual. Beats: 0
Rev. Trend: 99.5%
Qual. Beats: 1
Warnings
P/E ratio 101.9
Tailwinds
No distinct edge detected
CTO Realty Growth, Inc. (NYSE: CTO) is a Maryland-incorporated Real Estate Investment Trust (REIT) focused on the ownership and operation of retail-based properties. The company targets high-growth geographic markets within the United States to optimize asset appreciation and rental income. In addition to its direct property portfolio, CTO maintains a dual revenue stream by providing external management services to Alpine Income Property Trust, Inc. (PINE), a net lease REIT in which it also holds a significant equity stake.
The retail REIT sector often relies on multi-tenant shopping centers anchored by grocery stores or necessity-based retailers to ensure consistent foot traffic and lease stability. By utilizing an external management structure for its affiliate, CTO generates fee-based income which diversifies its cash flow beyond traditional property rents. Investors may find it useful to evaluate these management fees and equity distributions alongside the core retail portfolio performance on ValueRay. This business model allows the firm to scale its market influence without the capital intensity required for full ownership of every managed asset.
- Higher growth market migration drives core retail rental revenue expansion
- Management fee income from Alpine Income Property Trust stabilizes cash flows
- Rising interest rates increase debt servicing costs and cap rate pressure
- High-quality retail occupancy rates sustain dividend coverage and investor sentiment
- Portfolio repositioning toward grocery-anchored assets enhances long-term valuation stability
| Net Income: 14.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.16 > 1.0 |
| NWC/Revenue: 133.4% < 20% (prev 82.74%; Δ 50.65% < -1%) |
| CFO/TA 0.05 > 3% & CFO 68.9m > Net Income 14.2m |
| Net Debt (597.2m) to EBITDA (132.2m): 4.52 < 3 |
| Current Ratio: 7.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (32.5m) vs 12m ago 2.94% < -2% |
| Gross Margin: -2.79% > 18% (prev 0.74%; Δ -352.9% > 0.5%) |
| Asset Turnover: 12.18% > 50% (prev 10.63%; Δ 1.55% > 0%) |
| Interest Coverage Ratio: 1.49 > 6 (EBITDA TTM 132.2m / Interest Expense TTM 28.1m) |
| A: 0.16 (Total Current Assets 239.8m - Total Current Liabilities 33.2m) / Total Assets 1.30b |
| B: 0.14 (Retained Earnings 176.4m / Total Assets 1.30b) |
| C: 0.03 (EBIT TTM 41.9m / Avg Total Assets 1.27b) |
| D: 0.25 (Book Value of Equity 178.6m / Total Liabilities 724.3m) |
| Altman-Z'' = 1.97 = BBB |
| DSRI: 0.71 (Receivables 104.3m/126.1m, Revenue 154.9m/132.2m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.95 (AQ_t 0.82 / AQ_t-1 0.85) |
| SGI: 1.17 (Revenue 154.9m / 132.2m) |
| TATA: -0.04 (NI 14.2m - CFO 68.9m) / TA 1.30b) |
| Beneish M = -3.22 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 20.48 with a total of 640,997 shares traded.
Over the past week, the price has changed by +2.00%,
over one month by +3.61%,
over three months by +6.95% and
over the past year by +21.41%.
CTO Realty Growth has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy CTO.
- StrongBuy: 7
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23 | 12.3% |
P/E Forward = 121.9512
P/S = 4.4447
P/B = 1.1968
Revenue TTM = 154.9m USD
EBIT TTM = 41.9m USD
EBITDA TTM = 132.2m USD
Long Term Debt = 649.5m USD (from longTermDebt, last quarter)
Short Term Debt = 17.9m USD (from shortTermDebt, last fiscal year)
Debt = 649.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 201k
Net Debt = 597.2m USD (calculated: Debt 649.9m - CCE 52.8m)
Enterprise Value = 1.29b USD (688.5m + Debt 649.9m - CCE 52.8m)
Interest Coverage Ratio = 1.49 (Ebit TTM 41.9m / Interest Expense TTM 28.1m)
EV/FCF = 18.66x (Enterprise Value 1.29b / FCF TTM 68.9m)
FCF Yield = 5.36% (FCF TTM 68.9m / Enterprise Value 1.29b)
FCF Margin = 44.47% (FCF TTM 68.9m / Revenue TTM 154.9m)
Net Margin = 9.14% (Net Income TTM 14.2m / Revenue TTM 154.9m)
Gross Margin = -2.79% ((Revenue TTM 154.9m - Cost of Revenue TTM 159.2m) / Revenue TTM)
Gross Margin QoQ = 75.30% (prev none%)
Tobins Q-Ratio = 0.99 (Enterprise Value 1.29b / Total Assets 1.30b)
Interest Expense / Debt = 4.32% (Interest Expense 28.1m / Debt 649.9m)
Taxrate = 0.96% (60.0k / 6.26m)
NOPAT = 41.5m (EBIT 41.9m * (1 - 0.96%))
Current Ratio = 7.23 (Total Current Assets 239.8m / Total Current Liabilities 33.2m)
Debt / Equity = 1.13 (Debt 649.9m / totalStockholderEquity, last quarter 575.4m)
Debt / EBITDA = 4.52 (Net Debt 597.2m / EBITDA 132.2m)
Debt / FCF = 8.67 (Net Debt 597.2m / FCF TTM 68.9m)
Total Stockholder Equity = 568.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.11% (Net Income 14.2m / Total Assets 1.30b)
RoE = 2.49% (Net Income TTM 14.2m / Total Stockholder Equity 568.5m)
RoCE = 3.44% (EBIT 41.9m / Capital Employed (Equity 568.5m + L.T.Debt 649.5m))
RoIC = 3.23% (NOPAT 41.5m / Invested Capital 1.28b)
WACC = 5.50% (E(688.5m)/V(1.34b) * Re(6.66%) + D(649.9m)/V(1.34b) * Rd(4.32%) * (1-Tc(0.01)))
Discount Rate = 6.66% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.0 | Cagr: 10.69%
[DCF] Terminal Value 75.63% ; FCFF base≈68.5m ; Y1≈69.6m ; Y5≈75.5m
[DCF] Fair Price = 17.01 (EV 1.17b - Net Debt 597.2m = Equity 574.8m / Shares 33.8m; r=8.35% [WACC [floored]]; 5y FCF grow 1.46% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.31 | # QB: 0
Revenue Correlation: 99.49 | Revenue CAGR: 18.85% | SUE: 2.48 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.10 | Chg30d=N/A | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.10 | Chg30d=N/A | Revisions=-20% | Analysts=3
EPS current Year (2026-12-31): EPS=0.45 | Chg30d=+373.68% | Revisions=-33% | GrowthEPS=+462.5% | GrowthRev=+11.4%
EPS next Year (2027-12-31): EPS=0.57 | Chg30d=+124.82% | Revisions=N/A | GrowthEPS=+27.4% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: -33%