CTO Realty Growth Inc

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 20, 2025

CTO$20.38+0.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

(i) consolidated balance sheets

CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data)


· · As of
	December 31, 2024		December 31, 2023
ASSETS
Real Estate:
Land, at Cost		$257,748		$222,232
Building and Improvements, at Cost		720,480		559,389
Other Furnishings and Equipment, at Cost		883		857
Construction in Process, at Cost		5,091		3,997
Total Real Estate, at Cost		984,202		786,475
Less, Accumulated Depreciation		(82,864)		(52,012)
Real Estate—Net		901,338		734,463
Land and Development Costs		300		731
Intangible Lease Assets—Net		79,198		97,109
Investment in Alpine Income Property Trust, Inc.		39,666		39,445
Mitigation Credits		—		1,044
Commercial Loans and Investments		105,043		61,849
Cash and Cash Equivalents		9,017		10,214
Restricted Cash		8,344		7,605
Refundable Income Taxes		70		246
Deferred Income Taxes—Net		2,467		2,009
Other Assets—See Note 12		36,201		34,953
Total Assets		$1,181,644		$989,668
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Accounts Payable		$3,278		$2,758
Accrued and Other Liabilities—See Note 18		21,268		18,373
Deferred Revenue—See Note 19		10,183		5,200
Intangible Lease Liabilities—Net		15,124		10,441
Long-Term Debt		518,993		495,370
Total Liabilities		568,846		532,142
Commitments and Contingencies—See Note 22
Stockholders’ Equity:
Preferred Stock – 100,000,000 shares authorized; $0.01 par value, 6.375% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 4,713,069 shares issued and outstanding at December 31, 2024 and 2,978,808 shares issued and outstanding at December 31, 2023		47		30
Common Stock – 500,000,000 shares authorized; $0.01 par value, 31,673,479 shares issued and outstanding at December 31, 2024 and 22,643,034 shares issued and outstanding at December 31, 2023		317		226
Additional Paid-In Capital		367,828		168,435
Retained Earnings		232,089		281,944
Accumulated Other Comprehensive Income (Loss)		12,517		6,891
Total Stockholders’ Equity		612,798		457,526
Total Liabilities and Stockholders’ Equity		$1,181,644		$989,668

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.