Credit Rating For The Unrated (Part 12): CTO Realty Growth

Summary

  • CTO Realty Growth focuses on high-quality, retail-based properties in fast-growing U.S. markets with a strong asset base and stable income.
  • The standout investment is CTO.PR.A, a 6.375% Series A cumulative preferred stock, currently yielding 7.49% with a robust change of control clause.
  • Valuation metrics are attractive: forward P/FFO of 9.38, FFO yield of 5.3%, and an 8.78% common dividend yield, supporting income-focused investors.
  • Credit analysis using Moody's methodology suggests a generally stable outlook, with most metrics in the Ba2-Ba3 range, indicating moderate credit risk for preferred holders.

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We continue our series with CTO Realty Growth, Inc. (NYSE:CTO) and its outstanding preferred stock, CTO Realty Growth, Inc. 6.375% Series A Cumulative Redeemable Preferred Stock (NYSE:CTO.PR.A).

Company Overview

CTO Realty Growth, Inc. is a publicly traded real estate investment

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This article was written by

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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SymbolLast Price% Chg
CTO
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CTO.PR.A
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