Funtap Meme stocks are back! GameStop (GME)… AMC (AMC)… Tupperware (TUP)… Virgin Galactic (SPCE)… BlackBerry (BB)… They're all making the headlines again in a seeming salute to the crazy days of 2021. While we haven't seen the same enthusiasm so far, there still have been some prominent price movements this past week. Take the stock that started it all. It jumped from $17.45 (Friday's close) to over $30 by Monday's closing bell. And it spiked again at Tuesday's open to $55.69. The fact that GameStop lost st ...

MasaoTaira Summary We have been primarily bullish on CTO Realty Growth, Inc. (NYSE:CTO) since we initiated coverage on the name in October of last year. The Company has had some operational hiccups in recent months, with several tenants facing significant difficulty and/or bankruptcy (e.g., WeWork, Regal). This caused us to cautiously flip to a Hold rating in late November before returning to a Buy following the Q4 2023 results. In this report, we digest the Q1 2024 results, which showed promising devel ...

High-yield real estate stocks are ideal for investors seeking stable income streams. These companies expose investors to the real estate market without the responsibility of directly owning the property and the need for significant capital money. Investing in REITs offers several advantages similar to traditional real estate investment, such as capital appreciation — as the value of the properties increases over time — and an option to diversify investment portfolios, reducing the overall risk.Moreover, REI ...

slobo/iStock Unreleased via Getty ImagesCTO Realty Growth (NYSE:CTO) forms one of my REIT positions with its safe dividend yield, retail property portfolio, and prudent multiple to FFO all forming reasons for continued bullishness. The REIT last declared a quarterly cash dividend of $0.38 per share, kept unchanged sequentially and $1.52 per share annualized, for an 8.9% dividend yield. This was 137% covered by its fiscal 2024 first-quarter adjusted FFO ("AFFO") of $0.52 per share, a roughly 73% payout r ...

CTO has an outsized dividend yield and attractive absolute valuation relative to many in its retail-focused peer group and its long-term growth opportunities. May 2024 Investor Presentation REALTY GROWTH Shops at Legacy Plano, TX Square Feet Investment in 3.9M 50% 8.4% Alpine Income Property Trust2 Based on $15.28 per share common stock price as of March 31, 2024. 3. | --- | --- | --- | --- | |--------------------------|---------------------------------------------------------|------------------------------ ...

财务数据和关键指标变化 - 公司2024年第一季度核心FFO每股为0.48美元,同比增长23% [20] - 2024年第一季度AFFO每股为0.52美元,同比增长21% [20] - 2024年第一季度同店NOI同比增长6%,主要由于多个物业的租赁率提升以及多个物业的百分比租金增加 [22] - 公司预计2024年全年核心FFO和AFFO指引分别上调0.04美元 [26] 各条业务线数据和关键指标变化 - 公司在2024年第一季度签署了超过10万平方英尺的新租约、续租、期权和延期,平均租金为27.12美元/平方英尺 [9] - 过去6个月公司共签署了超过20万平方英尺的租赁活动 [9] - 新租金与到期租金的可比增长率达到68%,其中包括Regal Cinemas的替代租户的重大影响 [11] - 公司在2024年第一季度末的占用率为92.6%,较2023年末增加2.3个百分点 [13] - 公司在2024年第一季度末的租赁占用率为94.3%,较2023年末增加1个百分点 [13] 各个市场数据和关键指标变化 - 公司在2024年第一季度收购了佐治亚州博福特的Sprouts杂货店锚定的Exchange at Guinea的最后一处物业,收购价为2.3百万美元 [14] - 公司在2024年3月收购了位于佛罗里达州奥兰多Sanford子市场的Marketplace at Seminal Town Center,收购价为68.7百万美元 [14] - 收购Marketplace at Seminal Town Center后,奥兰多大都市区现已成为公司前五大市场,占公司现金租金基础的8%以上 [15] - 佛罗里达州现已成为公司前三大州,占公司年度现金租金基础的17%以上 [15] 公司战略和发展方向及行业竞争 - 公司将继续优先出售较小的非核心资产,以重新部署到有吸引力的投资机会中 [16] - 公司在2024年4月发行了超过170万股6.38%优先股,募集净额3300万美元,并偿还了全部浮动利率债务,为收购大型零售中心提供了充足的流动性 [16] - 公司认为当前收购环境非常有利,买家竞争有限 [52][57] - 公司正在等待利率稳定或下降,以获得更多收购机会 [55][57] 管理层对经营环境和未来前景的评论 - 公司认为,其核心市场如亚特兰大、达拉斯、里士满、奥兰多和杰克逊维尔等表现出色,这些市场展现了出色的增长潜力,就业和人口增长势头良好,这对公司的租户和物业基础价值都有利 [18] - 公司认为,房地产的基本面依然强劲,这些物业继续受益于超出预期的租户需求和有限的供给 [19] - 公司预计2024年下半年和2025年将从已签约但未开业的租赁中获得大量收益 [41][42] - 公司目前没有任何重大的已知搬出计划 [43] 问答环节重要的提问和回答 问题1 **Gopal Mehta 提问** 询问公司在奥兰多收购的Marketplace物业是否有增值机会,以及租金上升空间 [29] **John Albright 回答** 该物业目前已相当稳定,但公司认为仍有一些空置面积可以出租,以及一些低于市场水平的租约可以提升,预计未来有一定的NOI增长空间 [30] 问题2 **Rob Stevenson 提问** 询问公司剩余的办公资产处置计划和时间表 [37] **John Albright 回答** 该办公资产的租户目前没有太大处置意愿,公司也不会急于出售,除非有大型收购机会出现,否则预计该资产的处置可能要到2025年或更晚 [38][39] 问题3 **R.J. Milligan 提问** 询问公司对收购环境的看法,以及对利率环境的预期 [51][54] **John Albright 回答** 公司目前看到大量收购机会,正在耐心等待并以合适的价格出价。公司认为,只要利率保持稳定并有降息预期,买家就会重新进场,这对公司不利。但目前卖家仍在积极出售,公司希望在此期间完成一些收购 [52][55][57]

5 The accompanying notes are an integral part of these consolidated financial statements. Table of Contents Table of Contents Commercial Loans and Investments: A portfolio of four commercial loan investments and one preferred equity investment which is classified as a commercial loan investment. 9 Use of Estimates in the Preparation of Financial Statements Restricted cash totaled $8.1 million at March 31, 2024, of which $6.6 million is being held in an escrow account to be reinvested through the like-kind e ...

Press Release Contact: Lisa M. Vorakoun Senior Vice President, Chief Accounting Officer (386) 944-5641 lvorakoun@ctoreit.com FOR IMMEDIATE RELEASE CTO Realty Growth Reports First Quarter 2024 Operating Results First Quarter and Recent Highlights ◾ Reported Core FFO per diluted share attributable to common stockholders of $0.48 for the quarter ended March 31, 2024. ◾ Invested $71.0 million into two retail property acquisitions, totaling 319,066 leasable square feet at a weighted-average going-in cash cap rat ...

WINTER PARK, Fla., April 04, 2024 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE:CTO) ("CTO" or the "Company") today announced the pricing of a public offering of 1,500,000 additional shares of the Company's 6.375% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock"), liquidation preference $25.00 per share, at a public offering price of $20.00 per share. CTO will receive gross proceeds of $30,000,000 from the sale of the Series A Preferred Stock before deducting the underwrit ...

CTO Realty Growth, Inc.公开发行额外股份 - CTO Realty Growth, Inc.宣布开始公开发行额外股份[1] - CTO打算将募集的净收益用于一般公司和营运资金用途[2] Series A Preferred Stock上市和发行 - Series A Preferred Stock将在纽约证券交易所上市[3] - Series A Preferred Stock将通过现有的S-3表格注册声明进行发行[4]