CTO Realty Growth, Inc. (CTO)

CTO Realty Growth Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	130.05	110.59	96.66	68.86	50.68	49.95
Property Management Fees	4.83	4.59	4.39	3.83	3.31	2.74
Other Revenue	-	1.98	3.98	5.46	13.43	0.65
Total Revenue	146.95	124.52	109.12	82.32	70.27	56.38
Revenue Growth (YoY	23.84%	14.11%	32.55%	17.14%	24.64%	25.46%
Property Expenses	37.5	33.22	30.18	22.86	22.43	15.21
Selling, General & Administrative	18.43	16.27	14.25	12.9	11.05	10.14
Depreciation & Amortization	73.94	65.05	44.17	28.86	20.58	19.06
Total Operating Expenses	129.16	114.54	88.6	64.61	54.06	44.42
Operating Income	17.79	9.98	20.52	17.71	16.21	11.97
Interest Expense	-25.58	-22.52	-22.36	-11.12	-8.93	-10.84
Interest & Investment Income	2.76	2.6	2.5	-	2.11	1.81
Other Non-Operating Income	1.09	1.09	4.19	2.47	-	-
EBT Excluding Unusual Items	-3.95	-8.86	4.85	9.07	9.39	2.94
Gain (Loss) on Sale of Investments	-9.78	-1.08	-4.7	-1.7	-7.26	-8.24
Gain (Loss) on Sale of Assets	1.37	8.31	7.54	-7.04	28.32	9.75
Asset Writedown	-0.79	-0.68	-1.56	-	-	-9.15
Other Unusual Items	-20.45	-	-	-	-3.59	-0.29
Pretax Income	-33.59	-2.3	6.13	0.33	26.86	-4.99
Income Tax Expense	-0.13	-0.34	0.6	-2.83	-3.08	-83.5
Earnings From Continuing Operations	-33.46	-1.97	5.53	3.16	29.94	78.51
Net Income to Company	-33.46	-1.97	5.53	3.16	29.94	78.51
Net Income	-33.46	-1.97	5.53	3.16	29.94	78.51
Preferred Dividends & Other Adjustments	7.51	6.81	4.77	4.78	2.33	-
Net Income to Common	-40.97	-8.78	0.76	-1.62	27.62	78.51
Net Income Growth	-	-	75.11%	-89.45%	-61.86%	-31.71%
Basic Shares Outstanding	32	25	23	19	18	14
Diluted Shares Outstanding	32	25	23	19	18	14
Shares Change (YoY)	36.66%	12.75%	21.73%	4.70%	25.24%	-5.87%
EPS (Basic)	-1.29	-0.35	0.03	-0.09	1.56	5.56
EPS (Diluted)	-1.29	-0.35	0.03	-0.09	1.56	5.56
EPS Growth	-	-	-	-	-71.94%	-27.48%
Dividend Per Share	1.520	1.520	1.520	1.490	1.330	0.630
Dividend Growth	-	-	2.01%	12.03%	111.11%	43.18%
Operating Margin	12.10%	8.01%	18.80%	21.51%	23.07%	21.22%
Profit Margin	-27.88%	-7.05%	0.69%	-1.97%	39.30%	139.25%
EBITDA	89.74	74.77	67	48.73	36.39	29.28
EBITDA Margin	61.07%	60.05%	61.40%	59.19%	51.79%	51.92%
D&A For Ebitda	71.96	64.8	46.48	31.02	20.18	17.31
EBIT	17.79	9.98	20.52	17.71	16.21	11.97
EBIT Margin	12.10%	8.01%	18.80%	21.51%	23.07%	21.22%
Funds From Operations (FFO)	40.42	48.13	37.48	30.05	19.74	27.47
FFO Per Share	1.27	1.89	1.66	1.62	1.12	1.95
Adjusted Funds From Operations (AFFO)	-	50.77	43.07	33.93	25.68	26.22
AFFO Per Share	-	2.00	1.91	1.83	1.45	1.86
FFO Payout Ratio	120.64%	83.69%	91.42%	96.16%	119.46%	32.28%
Effective Tax Rate	-	-	9.85%	-	-	-
Revenue as Reported	146.95	124.52	109.12	82.32	70.27	56.38

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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