CTO Realty Growth Series A Preferred: 7.5% Yield Plus Appreciation Potential In Anticipation Of Declining Interest Rates
CTO Realty Growth(CTO) Seeking Alpha·2024-07-29 22:43
Panuwat Dangsungnoen The Company in Summary Source: CTO During the 2Q earnings call management described its use of their at-the-market issuance of both common and preferred equity in an effort to pay down their outstanding credit lines and effectively eliminate their exposure to floating rate debt. Their very manageable debt maturities calendar will accommodate their growth ambitions and make us comfortable with underwriting investment in there, A series preferred. CTO Source: Portfolio Income Solutions So ...