CTO Realty Growth, Inc. (NYSE: CTO) is an internally managed real estate investment trust (REIT) focused on the acquisition, ownership, and management of high-quality, retail-based commercial properties. Historically operating as a diversified land and real estate company under the name Consolidated-Tomoka Land Co., the company rebranded in 2020 and strategically transformed its portfolio to concentrate on necessity-based retail, grocery-anchored centers, and mixed-use properties. Its geographic footprint is heavily concentrated in high-growth Sun Belt markets across the Southeast and Southwest United States, including states like Florida, Texas, Georgia, and North Carolina.
The company generates revenue across four primary business segments: Income Properties, Management Services, Commercial Loans and Investments, and Real Estate Operations. The Income Properties segment accounts for the vast majority of its operating revenue, generated by collecting rent from retail tenants under long-term leases. CTO also derives recurring fee income from its Management Services segment by externally managing Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded single-tenant net lease REIT in which CTO holds a meaningful equity interest. Additionally, the Commercial Loans and Investments segment provides structured investments such as first mortgages and preferred equity to third parties. By divesting its legacy single-tenant office properties and subsurface mineral rights, CTO Realty Growth has successfully repositioned itself as a retail-focused REIT, capitalizing on strong demographic trends, high occupancy rates, and positive leasing momentum in its target markets.
