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CTO

CTO Realty GrowthNYSE:CTO Stock Report

Market Cap

US$322.1m

7D

0.6%

1Y

34.5%

Updated

25 Sep, 2021

Data

Company Financials +
CTO fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health2/6
Dividends5/6

CTO Overview

CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc., a publicly traded net lease real estate investment trust (NYSE: PINE).

CTO Realty Growth Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CTO Realty Growth
Historical stock prices
Current Share PriceUS$54.07
52 Week HighUS$38.52
52 Week LowUS$58.11
Beta0.59
1 Month Change0.41%
3 Month Change1.71%
1 Year Change34.54%
3 Year Change-13.18%
5 Year Change5.63%
Change since IPO175.52%

Recent News & Updates

Shareholder Returns

CTOUS REITsUS Market
7D0.6%-0.9%0.1%
1Y34.5%34.7%35.3%

Return vs Industry: CTO matched the US REITs industry which returned 34.7% over the past year.

Return vs Market: CTO matched the US Market which returned 35.3% over the past year.

Price Volatility

Is CTO's price volatile compared to industry and market?
CTO volatility
CTO Beta0.59
Industry Beta0.83
Market Beta1

Stable Share Price: CTO is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CTO's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
190217John Albrighthttps://ctorealtygrowth.com

CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.4 million square feet in diversified markets in the United States and an approximately 23.5% interest in Alpine Income Property Trust, Inc., a publicly traded net lease real estate investment trust (NYSE: PINE).

CTO Realty Growth Fundamentals Summary

How do CTO Realty Growth's earnings and revenue compare to its market cap?
CTO fundamental statistics
Market CapUS$322.07m
Earnings (TTM)US$82.22m
Revenue (TTM)US$59.53m

3.9x

P/E Ratio

5.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTO income statement (TTM)
RevenueUS$59.53m
Cost of RevenueUS$15.27m
Gross ProfitUS$44.26m
Expenses-US$37.96m
EarningsUS$82.22m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)13.80
Gross Margin74.35%
Net Profit Margin138.12%
Debt/Equity Ratio88.7%

How did CTO perform over the long term?

See historical performance and comparison

Dividends

7.4%

Current Dividend Yield

71%

Payout Ratio

Valuation

Is CTO Realty Growth undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CTO ($54.07) is trading below our estimate of fair value ($131.54)

Significantly Below Fair Value: CTO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CTO is good value based on its PE Ratio (3.9x) compared to the US REITs industry average (50.1x).

PE vs Market: CTO is good value based on its PE Ratio (3.9x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: CTO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CTO is good value based on its PB Ratio (0.9x) compared to the US REITs industry average (2x).


Future Growth

How is CTO Realty Growth forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-52.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTO's earnings are forecast to decline over the next 3 years (-52.8% per year).

Earnings vs Market: CTO's earnings are forecast to decline over the next 3 years (-52.8% per year).

High Growth Earnings: CTO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CTO's revenue (7.1% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: CTO's revenue (7.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CTO's Return on Equity is forecast to be high in 3 years time


Past Performance

How has CTO Realty Growth performed over the past 5 years?

22.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTO has a large one-off loss of $12.1M impacting its June 30 2021 financial results.

Growing Profit Margin: CTO's current net profit margins are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: CTO's earnings have grown significantly by 22.1% per year over the past 5 years.

Accelerating Growth: CTO's earnings growth over the past year (2690%) exceeds its 5-year average (22.1% per year).

Earnings vs Industry: CTO earnings growth over the past year (2690%) exceeded the REITs industry 3.9%.


Return on Equity

High ROE: CTO's Return on Equity (23.8%) is considered high.


Financial Health

How is CTO Realty Growth's financial position?


Financial Position Analysis

Short Term Liabilities: CTO's short term assets ($42.7M) exceed its short term liabilities ($7.2M).

Long Term Liabilities: CTO's short term assets ($42.7M) do not cover its long term liabilities ($337.8M).


Debt to Equity History and Analysis

Debt Level: CTO's debt to equity ratio (88.7%) is considered high.

Reducing Debt: CTO's debt to equity ratio has reduced from 107.9% to 88.7% over the past 5 years.

Debt Coverage: CTO's debt is not well covered by operating cash flow (8.3%).

Interest Coverage: CTO's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Dividend

What is CTO Realty Growth current dividend yield, its reliability and sustainability?

7.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CTO's dividend (7.4%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: CTO's dividend (7.4%) is in the top 25% of dividend payers in the US market (3.6%)


Stability and Growth of Payments

Stable Dividend: CTO's dividend payments have been volatile in the past 10 years.

Growing Dividend: CTO's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71%), CTO's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CTO's dividends in 3 years are forecast to be covered by earnings (88.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.9yrs

Average management tenure


CEO

John Albright (55 yo)

10.08yrs

Tenure

US$1,864,910

Compensation

Mr. John P. Albright serves as President, Chief Executive Officer and Director at Alpine Income Property Trust, Inc. since its formation in August 2019. He has served as a director of CTO since 2012 and ch...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD1.86M) is about average for companies of similar size in the US market ($USD1.69M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CTO's management team is seasoned and experienced (6.9 years average tenure).


Board Members

Experienced Board: CTO's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CTO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 26.3%.


Top Shareholders

Company Information

CTO Realty Growth, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: CTO Realty Growth, Inc.
  • Ticker: CTO
  • Exchange: NYSE
  • Founded: 1902
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: US$322.070m
  • Shares outstanding: 5.96m
  • Website: https://ctorealtygrowth.com

Number of Employees


Location

  • CTO Realty Growth, Inc.
  • 1140 North Williamson Boulevard
  • Suite 140
  • Daytona Beach
  • Florida
  • 32114
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:06
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.