0001104659-26-017560
SEC filingCTO Realty Growth, Inc. reported FY 2025 total revenues of $149.5 million, driven by $132.2 million from income properties and $12.5 million from interest income on commercial loans and investments. The company achieved total operating income of $34.0 million, benefiting from a $21.5 million gain on asset dispositions, though partially offset by a $20.4 million loss on debt extinguishment. Net income attributable to the company was $10.1 million, with $2.6 million attributable to common stockholders after $7.5 million in preferred stock distributions. The balance sheet shows total assets of $1.26 billion, with real estate net of $953.1 million, and total liabilities of $696.6 million including $616.3 million in long-term debt. Operating cash flow was strong at $64.6 million, while investing activities used $71.5 million primarily for real estate acquisitions, and financing activities provided $30.7 million through debt and equity activities.
CTO Realty Growth, Inc. reported FY 2025 financial results with total revenues of $149.5 million, consisting of $132.2 million from income properties and $12.5 million from interest income on commercial loans and investments. The company generated total operating income of $34.0 million, significantly impacted by a $21.5 million gain on disposition of assets and a $20.4 million loss on extinguishment of debt. Net income attributable to the company was $10.1 million, with $2.6 million attributable to common stockholders after $7.5 million in distributions to preferred stockholders. Basic and diluted earnings per share were both $0.00 based on 32.3 million weighted average common shares outstanding.
The company's revenue streams are primarily derived from two sources: income properties ($132.2 million) and interest income from commercial loans and investments ($12.5 million). The income properties segment represents 88.4% of total revenues, indicating the company's core focus on real estate operations. The commercial loans and investments segment contributes 8.4% of total revenues, providing diversification beyond direct property ownership. No further segment breakdown or geographic mix is provided in the available data.
The company achieved a gross margin of 74.6% based on total revenues of $149.5 million and total direct cost of revenues of $37.9 million. Operating margin was 22.7% based on total operating income of $34.0 million. Operating expenses totaled $116.5 million, including $60.0 million in depreciation and amortization, $18.5 million in general and administrative expenses, and $68,000 in provision for impairment. The company's profitability was significantly impacted by non-operating items including a $21.5 million gain on asset dispositions and a $20.4 million loss on debt extinguishment.
Operating activities generated $64.6 million in cash flow, primarily from net income of $10.1 million adjusted for $60.0 million in depreciation and amortization and other non-cash items. Investing activities used $71.5 million, with $145.1 million spent on real estate acquisitions partially offset by $84.3 million from property dispositions. Financing activities provided $30.7 million, including $405.0 million in debt proceeds offset by $292.3 million in debt payments and $49.0 million in common stock dividends. The balance sheet shows total assets of $1.26 billion, with real estate net of $953.1 million, and total liabilities of $696.6 million including $616.3 million in long-term debt. Stockholders' equity stands at $567.3 million.
No specific management guidance, strategic priorities, or forward-looking statements are provided in the available financial data. The filing presents historical financial results for FY 2025 without commentary on future expectations, growth initiatives, or risk factors. Investors should refer to the complete 10-K filing for any forward-looking information that may be included in management's discussion and analysis or other sections not provided in this data extract.