CTO Realty Growth, Inc. (CTO)

CTO Realty Growth Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	105.32	96.66	68.86	50.68	49.95	41.96
Property Management Fees	4.45	4.39	3.83	3.31	2.74	0.3
Other Revenue	3.36	3.98	5.46	13.43	0.65	0.85
Total Revenue	118.66	109.12	82.32	70.27	56.38	44.94
Revenue Growth (YoY	16.61%	32.55%	17.14%	24.64%	25.46%	2.94%
Property Expenses	32.49	30.18	22.86	22.43	15.21	7.11
Selling, General & Administrative	15.51	14.25	12.9	11.05	10.14	9.36
Depreciation & Amortization	47.06	44.17	28.86	20.58	19.06	15.8
Total Operating Expenses	94.55	88.6	64.61	54.06	44.42	32.26
Operating Income	24.11	20.52	17.71	16.21	11.97	12.68
Interest Expense	-22.96	-22.36	-11.12	-8.93	-10.84	-12.47
Interest & Investment Income	4.65	6.69	2.47	2.11	1.81	0.28
EBT Excluding Unusual Items	5.8	4.85	9.07	9.39	2.94	0.5
Gain (Loss) on Sale of Investments	3.83	-4.7	-1.7	-7.26	-8.24	0.06
Gain (Loss) on Sale of Assets	12.29	7.54	-7.04	28.32	9.75	21.98
Asset Writedown	-1.3	-1.56	-	-	-9.15	-
Other Unusual Items	-	-	-	-3.59	-0.29	-0.46
Pretax Income	20.62	6.13	0.33	26.86	-4.99	22.08
Income Tax Expense	0.33	0.6	-2.83	-3.08	-83.5	5.47
Earnings From Continuing Operations	20.29	5.53	3.16	29.94	78.51	16.61
Earnings From Discontinued Operations	-	-	-	-	-	98.37
Net Income to Company	20.29	5.53	3.16	29.94	78.51	114.97
Net Income	20.29	5.53	3.16	29.94	78.51	114.97
Preferred Dividends & Other Adjustments	6.12	4.77	4.78	2.33	-	-
Net Income to Common	14.17	0.76	-1.62	27.62	78.51	114.97
Net Income Growth	-	75.11%	-89.45%	-61.86%	-31.72%	209.33%
Basic Shares Outstanding	23	23	19	18	14	15
Diluted Shares Outstanding	23	23	19	18	14	15
Shares Change (YoY)	6.57%	21.73%	4.70%	25.24%	-5.87%	-9.61%
EPS (Basic)	0.61	0.03	-0.09	1.56	5.56	7.68
EPS (Diluted)	0.61	0.03	-0.09	1.56	5.56	7.67
EPS Growth	-	-	-	-71.94%	-27.48%	242.23%
Dividend Per Share	1.520	1.520	1.490	1.330	0.630	0.440
Dividend Growth	0%	2.01%	12.03%	111.11%	43.18%	62.96%
Operating Margin	20.32%	18.80%	21.51%	23.07%	21.22%	28.22%
Profit Margin	11.94%	0.69%	-1.97%	39.30%	139.25%	255.83%
Free Cash Flow Margin	44.08%	42.54%	68.15%	39.24%	30.03%	36.52%
EBITDA	72.51	67	48.73	36.39	29.28	26.1
EBITDA Margin	61.11%	61.40%	59.19%	51.79%	51.92%	58.07%
D&A For Ebitda	48.4	46.48	31.02	20.18	17.31	13.41
EBIT	24.11	20.52	17.71	16.21	11.97	12.68
EBIT Margin	20.32%	18.80%	21.51%	23.07%	21.22%	28.22%
Funds From Operations (FFO)	43.23	37.48	30.05	19.74	27.47	14.22
FFO Per Share	-	1.66	1.62	1.12	1.95	0.95
Adjusted Funds From Operations (AFFO)	-	43.07	33.93	25.68	26.22	14.82
AFFO Per Share	-	1.91	1.83	1.45	1.86	0.99
FFO Payout Ratio	85.27%	91.42%	96.16%	119.46%	32.28%	15.45%
Effective Tax Rate	1.59%	9.85%	-	-	-	24.79%
Revenue as Reported	118.66	109.12	82.32	70.27	56.38	44.94

Source: S&P Capital IQ. Real Estate template. Financial Sources.