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 ...