CTO Realty Growth Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	132.16	110.59	96.66	68.86	50.68
Property Management Fees	4.85	4.59	4.39	3.83	3.31
Other Revenue	-	1.98	3.98	5.46	13.43
Total Revenue	149.55	124.52	109.12	82.32	70.27
Revenue Growth (YoY	20.10%	14.11%	32.55%	17.14%	24.64%
Property Expenses	37.92	33.22	30.18	22.86	22.43
Selling, General & Administrative	18.53	16.27	14.25	12.9	11.05
Depreciation & Amortization	60.02	65.05	44.17	28.86	20.58
Provision for Loan Losses	-0.07	-0.68	-1.56	-	-
Total Operating Expenses	116.53	115.22	90.16	64.61	54.06
Operating Income	33.01	9.3	18.96	17.71	16.21
Interest Expense	-26.93	-22.52	-22.36	-11.12	-8.93
Interest & Investment Income	2.8	2.6	2.5	-	2.11
Other Non-Operating Income	0.55	1.09	4.19	2.47	-
EBT Excluding Unusual Items	9.44	-9.53	3.29	9.07	9.39
Gain (Loss) on Sale of Investments	0.1	-1.08	-4.7	-1.7	-7.26
Gain (Loss) on Sale of Assets	21.45	8.31	7.54	-7.04	28.32
Other Unusual Items	-20.45	-	-	-	-3.59
Pretax Income	10.54	-2.3	6.13	0.33	26.86
Income Tax Expense	0.45	-0.34	0.6	-2.83	-3.08
Earnings From Continuing Operations	10.09	-1.97	5.53	3.16	29.94
Net Income to Company	10.09	-1.97	5.53	3.16	29.94
Net Income	10.09	-1.97	5.53	3.16	29.94
Preferred Dividends & Other Adjustments	7.51	6.81	4.77	4.78	2.33
Net Income to Common	2.58	-8.78	0.76	-1.62	27.62
Net Income Growth	-	-	75.11%	-89.45%	-61.86%
Basic Shares Outstanding	32	25	23	19	18
Diluted Shares Outstanding	32	25	23	19	18
Shares Change (YoY)	27.13%	12.75%	21.73%	4.70%	25.24%
EPS (Basic)	0.08	-0.35	0.03	-0.09	1.56
EPS (Diluted)	0.08	-0.35	0.03	-0.09	1.56
EPS Growth	-	-	-	-	-71.94%
Dividend Per Share	1.520	1.520	1.520	1.490	1.330
Dividend Growth	-	-	2.01%	12.03%	111.11%
Operating Margin	22.07%	7.47%	17.38%	21.51%	23.07%
Profit Margin	1.73%	-7.05%	0.69%	-1.97%	39.30%
EBITDA	92.02	74.1	65.44	48.73	36.39
EBITDA Margin	61.53%	59.51%	59.97%	59.19%	51.79%
D&A For Ebitda	59.01	64.8	46.48	31.02	20.18
EBIT	33.01	9.3	18.96	17.71	16.21
EBIT Margin	22.07%	7.47%	17.38%	21.51%	23.07%
Funds From Operations (FFO)	41.05	48.13	37.48	30.05	19.74
FFO Per Share	1.27	1.89	1.66	1.62	1.12
Adjusted Funds From Operations (AFFO)	63.56	50.77	43.07	33.93	25.68
AFFO Per Share	1.97	2.00	1.91	1.83	1.45
FFO Payout Ratio	119.47%	83.69%	91.42%	96.16%	119.46%
Effective Tax Rate	4.23%	-	9.85%	-	-
Revenue as Reported	149.55	124.52	109.12	82.32	70.27

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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