Friday 6 November 2026
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CTO Realty Growth, Inc.
CTO Real Estate Reit Diversified
CTO Realty Growth, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $149.5 million, up 20.1% from fiscal 2024.
- Revenue
- +24.3%
- EPS
- −559.3%
- Free cash flow
- −258.7%
- Total debt
- +18.8%
Quarter to September 2026, against a year earlier
20.15
0.01
−0.05%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 66 | 39 | 44 | 45 | 56 | 70 | 82 | 109 | 125 | 150 | 170 | +9.5% | 180 | 203 | 180 | +6.4% | |
| Gross margin, % | 69.26 | 78.43 | 79.93 | 84.19 | 73.02 | 68.08 | 72.23 | 72.34 | 73.32 | 74.64 | 75.06 | +5.4 pt | ||||||
| EBT | 29 | (1) | 21 | 22 | (5) | 27 | 0 | 6 | (2) | 11 | 45 | (10.5%) | ||||||
| EBT margin, % | 43.56 | (1.92) | 48.13 | 49.12 | (8.85) | 38.22 | 0.40 | 5.62 | (1.85) | 7.05 | 26.54 | (36.5) pt | ||||||
| Net income | 16 | 42 | 37 | 115 | 79 | 30 | 3 | 6 | (2) | 10 | 44 | (5.1%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 3.87 | 2.33 | 2.65 | 3.00 | 3.99 | 3.98 | 4.45 | 4.84 | 4.91 | 4.63 | 4.54 | +2.0% | |||||
| Earnings | 0.95 | 2.51 | 2.25 | 7.68 | 5.56 | 1.56 | (0.09) | 0.03 | (0.35) | 0.08 | 1.19 | (24.1%) | ||||||
| Cash flow | 0.84 | 3.46 | 2.90 | 1.10 | 1.20 | 1.56 | 3.03 | 2.06 | 2.36 | 2.00 | 1.74 | +10.2% | ||||||
| Capex | (2.83) | (5.69) | (6.25) | 3.80 | (5.82) | (7.18) | (14.76) | (0.83) | (8.07) | (2.35) | (3.49) | (2.0%) | ||||||
| Free cash flow | (1.99) | (2.23) | (3.35) | 4.89 | (4.62) | (5.62) | (11.73) | 1.23 | (5.71) | (0.35) | (1.74) | (17.5%) | ||||||
| Book value | 8.70 | 11.08 | 12.84 | 19.06 | 24.86 | 24.35 | 27.27 | 20.31 | 24.16 | 17.58 | 18.15 | +8.1% | ||||||
| Shares, m | 17 | 17 | 16 | 15 | 14 | 18 | 19 | 23 | 25 | 32 | 34 | +7.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 14.96 | 6.90 | 6.33 | 2.07 | 2.57 | 17.93 | 0.00 | 435.50 | 0.00 | 204.56 | 16.88 | 69.1 | |||||
| P/S | 3.71 | 7.47 | 5.38 | 5.45 | 3.52 | 5.15 | 4.15 | 3.60 | 4.01 | 3.97 | 4.44 | 4.6 | ||||||
| P/B | 1.65 | 1.57 | 1.11 | 0.86 | 0.57 | 0.84 | 0.68 | 0.86 | 0.82 | 1.05 | 1.11 | 1.0 | ||||||
| EV/Sales | 5.97 | 12.21 | 10.57 | 8.84 | 7.77 | 8.66 | 9.31 | 7.97 | 8.04 | 7.82 | 8.53 | 8.7 | ||||||
| EV/FCF | (9.29) | (10.36) | (7.25) | 6.14 | (5.94) | (5.65) | (3.40) | 45.27 | (6.53) | (58.95) | (19.66) | (5.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 14 | 58 | 48 | 16 | 17 | 28 | 56 | 46 | 60 | 65 | 65 | +18.3% | |||||
| Capex | (48) | (95) | (103) | 57 | (82) | (127) | (273) | (19) | (205) | (76) | (131) | +5.2% | ||||||
| Free cash flow | (34) | (37) | (55) | 73 | (65) | (99) | (217) | 28 | (145) | (11) | (65) | (11.4%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 31 | 14 | 15 | 162 | 62 | 57 | 33 | 59 | 98 | 116 | 203 | +15.6% | |||||
| Net debt | 149 | 183 | 226 | 152 | 240 | 247 | 424 | 478 | 502 | 575 | 697 | +16.2% | ||||||
| Shareholders’ equity | 148 | 184 | 212 | 285 | 351 | 430 | 505 | 458 | 613 | 567 | 681 | +16.1% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 4.00 | 9.54 | 7.27 | 18.26 | 11.46 | 3.95 | (0.19) | 0.08 | (0.81) | 0.21 | 2.72 | (3.8) pt | |||||
| ROIC | 8.00 | 1.32 | 4.48 | 4.88 | 1.30 | 2.15 | 0.72 | 1.77 | 0.99 | 1.86 | 2.90 | (6.1) pt | ||||||
| ROE | 11.26 | 25.10 | 18.77 | 46.25 | 24.68 | 7.07 | (0.35) | 0.16 | (1.64) | 0.44 | 5.97 | (10.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 14 | 14 | 14 | 15 | 17 | 19 | 26 | 33 | 37 | 42 | — | +13.0% | |||||
| Revenue/emp, $m | 4.71 | 2.76 | 3.12 | 3.00 | 3.32 | 3.70 | 3.17 | 3.31 | 3.37 | 3.56 | — | (3.1%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
CTO Realty Growth, Inc. vs peers in Reit Diversified (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AAT American Assets Trust, Inc. | $1.3B | 56.1× | 62.5× | +4.29% (above 0%: growing) | +135.71% (above 0%: growing) | −58.53% (below 0%: shrinking) | 70.60% | 25.77% | Compare |
| JBGS JBG SMITH Properties | $929.0M | — (loss-making) | — (loss-making) | +2.29% (above 0%: growing) | n/m | +71.92% (above 0%: growing) | 62.69% | 2.98% | Compare |
| ESRT Empire State Realty Trust, Inc. | $917.6M | 177× | 110× | +2.95% (above 0%: growing) | n/m | +42.29% (above 0%: growing) | 74.97% | (70.45%) | Compare |
| CTO CTO Realty Growth, Inc. | $781.4M | 16.9× | 45.8× | +24.25% (above 0%: growing) | n/m | −258.74% (below 0%: shrinking) | 75.31% | 24.66% | |
| SAFE Safehold Inc. | $752.8M | 6.4× | 7.0× | +23.42% (above 0%: growing) | +7.90% (above 0%: growing) | −93.40% (below 0%: shrinking) | 86.92% | 71.85% | Compare |
| AHRT AH Realty Trust Inc | $621.2M | — (loss-making) | — (loss-making) | −45.54% (below 0%: shrinking) | n/m | +105.02% (above 0%: growing) | 67.15% | 22.41% | Compare |
| FVR FrontView REIT, Inc. | $568.2M | — (loss-making) | 12,360× | +10.86% (above 0%: growing) | −57.89% (below 0%: shrinking) | +23.47% (above 0%: growing) | 0.00% | 0.00% | Compare |
| GOOD Gladstone Commercial Corporation | $511.5M | 52.5× | 45.7× | +3.86% (above 0%: growing) | n/m | +123.61% (above 0%: growing) | 78.29% | 22.41% | Compare |
| OLP One Liberty Properties, Inc. | $455.9M | 19.0× | 18.4× | +11.91% (above 0%: growing) | −91.67% (below 0%: shrinking) | +134.96% (above 0%: growing) | 0.00% | 30.66% | Compare |
| Median of peers | $687.0M | 52.5× | 54.1× | +4.08% | −24.99% | +57.11% | 68.88% | 22.41% |
Pay and ownership Proxy statement filed 28 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 3.91m | 3.97m | 196.00 |
| 2024 | 3.05m | 4.18m | 193.00 |
| 2023 | 2.62m | 2.36m | 156.00 |
| 2022 | 2.42m | 2.35m | 151.00 |
| 2021 | 2.36m | 4.54m | 157.00 |
Ownership
Directors and executive officers, together
4.50%
Vanguard Group, The
9.30%
BlackRock, Inc.
7.50%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement