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. In the quarter to June 2026, revenue grew 16.5%, EPS grew 149.4%, free cash flow grew 162.1% and total debt rose 8.81%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five.
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CTO Realty Growth, Inc. (CTO) Piotroski F-score
CTO Realty Growth, Inc.'s Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 6 | 0.00 |
| FY2024 | 6 | (2.00) |
| FY2023 | 8 | 5.00 |
| FY2022 | 3 | (1.00) |
| FY2021 | 4 | (1.00) |
| FY2020 | 5 | (2.00) |
| FY2019 | 7 | 1.00 |
| FY2018 | 6 | 0.00 |
| FY2017 | 6 | (1.00) |
| FY2016 | 7 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 0.21% | (0.81%) | Pass | 1 |
| Positive operating cash flow | 64.60m | 59.87m | Pass | 1 |
| Rising return on assets | 0.21% | (0.81%) | Pass | 1 |
| Cash flow above net income | 62.02m | 68.65m | Pass | 1 |
| Falling long-term leverage | 0.50 | 0.48 | Fail | 0 |
| Rising current ratio | 4.88 | 4.99 | Fail | 0 |
| No new shares issued | 32,267,400 | 25,361,400 | Fail | 0 |
| Rising gross margin | 74.64% | 73.32% | Pass | 1 |
| Rising asset turnover | 0.12 | 0.11 | Pass | 1 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| FVR FrontView REIT, Inc. compare | 6 |
| CTO CTO Realty Growth, Inc. | 6 |
| GOOD Gladstone Commercial Corporation compare | 4 |
| JBGS JBG SMITH Properties compare | 4 |
| SAFE Safehold Inc. compare | 4 |
| AAT American Assets Trust, Inc. compare | 4 |
| OLP One Liberty Properties, Inc. compare | 4 |
| AHRT AH Realty Trust Inc compare | 3 |
| ESRT Empire State Realty Trust, Inc. compare | 3 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover