CTO Realty Growth Inc. (CTO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
369 N. NEW YORK AVE. WINTER PARK, FL 32789 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 10,214 | 19,333 | 8,615 | 34,863 | 45,289 | 2,310 | |||
| Cash and cash equivalents | 10,214 | 19,333 | 8,615 | 4,289 | 6,475 | 2,310 | |||
| Short-term investments | 30,574 | 38,814 | |||||||
| Disposal group, including discontinued operation | 156 | ||||||||
| Total current assets: | 10,214 | 19,333 | 8,615 | 34,863 | 45,289 | 2,467 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 422 | 63 | 168 | 246 | 364 | ✕ | |||
| Inventory, real estate | 731 | 685 | 692 | 7,083 | 6,732 | 25,765 | |||
| Property, plant and equipment | 223,089 | 234,678 | 190,296 | 442,384 | 370,591 | 368,751 | |||
| Long-term investments and receivables | 48,677 | 55,737 | 6,788 | ||||||
| Long-term investments | 48,677 | 55,737 | 6,788 | ||||||
| Intangible assets, net (including goodwill) | 97,109 | 115,984 | 79,492 | 50,176 | 49,022 | 43,555 | |||
| Intangible assets, net (excluding goodwill) | 97,109 | 115,984 | 79,492 | 50,176 | 49,022 | 43,555 | |||
| Disposal group, including discontinued operation, noncurrent assets | 71,471 | ||||||||
| Deferred costs | 2,394 | ||||||||
| Deferred income tax assets | 2,009 | 2,530 | ✕ | ||||||
| Total noncurrent assets: | 323,360 | 353,940 | 270,648 | 548,566 | 482,446 | 518,724 | |||
| Other undisclosed assets | 656,094 | 613,272 | 453,876 | 82,502 | 175,551 | 35,139 | |||
| TOTAL ASSETS: | 989,668 | 986,545 | 733,139 | 665,931 | 703,286 | 556,330 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 23,183 | 75,000 | |||||||
| Total current liabilities: | 23,183 | 75,000 | |||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 483 | 3,521 | 90,282 | 831 | |||||
| Deferred gain on sale of property | 831 | ||||||||
| Deferred income tax liabilities | 483 | 3,521 | 90,282 | ✕ | |||||
| Total noncurrent liabilities: | 483 | 3,521 | 90,282 | 831 | |||||
| Other undisclosed liabilities | 532,142 | 481,775 | 302,176 | 288,328 | 252,591 | 343,737 | |||
| Total liabilities: | 532,142 | 481,775 | 302,659 | 315,032 | 417,873 | 344,568 | |||
| Equity | |||||||||
| Equity, attributable to parent | 457,526 | 504,770 | 430,480 | 350,899 | 285,413 | 211,761 | |||
| Preferred stock | 30 | 30 | 30 | ||||||
| Common stock | 226 | 229 | 60 | 7,250 | 6,017 | 5,995 | |||
| Treasury stock, value | (77,541) | (73,441) | (32,345) | ||||||
| Additional paid in capital | 168,435 | 172,471 | 85,414 | 83,183 | 26,690 | 24,327 | |||
| Accumulated other comprehensive income (loss) | 6,891 | 15,761 | 1,517 | (1,910) | 74 | 487 | |||
| Retained earnings | 281,944 | 316,279 | 343,459 | 339,917 | 326,073 | 213,298 | |||
| Total equity: | 457,526 | 504,770 | 430,480 | 350,899 | 285,413 | 211,761 | |||
| TOTAL LIABILITIES AND EQUITY: | 989,668 | 986,545 | 733,139 | 665,931 | 703,286 | 556,330 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 109,119 | 82,320 | 70,272 | 56,381 | 44,941 | 86,689 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 40,911 | |
| Operating lease, lease income | 96,663 | 68,857 | 50,679 | 49,953 | 41,956 | ✕ | ||
| Other operating income | 24,885 | 10,887 | ||||||
| Cost of revenue | (30,178) | (22,857) | (22,430) | (15,211) | (7,105) | (19,684) | ||
| Gross profit: | 78,941 | 59,463 | 47,842 | 41,170 | 37,837 | 67,005 | ||
| Operating expenses | (15,805) | (12,899) | 17,114 | (1,821) | 12,159 | (45,231) | ||
| Other operating income (expense), net | 7,543 | (7,042) | ||||||
| Other undisclosed operating income (loss) | (44,173) | (28,855) | (41,611) | (27,069) | (15,797) | 41,720 | ||
| Operating income: | 26,506 | 10,667 | 23,345 | 12,280 | 34,199 | 63,493 | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | 1,987 | 776 | 12,445 | (6,432) | 345 | 52 | ||
| Interest and debt expense | (22,359) | (11,115) | (8,929) | (454) | (444) | (495) | ||
| Income from continuing operations before equity method investments, income taxes: | 6,134 | 328 | 26,861 | 5,394 | 34,100 | 63,050 | ||
| Other undisclosed loss from continuing operations before income taxes | (10,384) | (12,022) | (9,928) | |||||
| Income (loss) from continuing operations before income taxes: | 6,134 | 328 | 26,861 | (4,990) | 22,077 | 53,122 | ||
| Income tax expense (benefit) | (604) | 2,830 | 3,079 | 83,499 | (5,472) | (14,163) | ||
| Income from continuing operations: | 5,530 | 3,158 | 29,940 | 78,509 | 16,605 | 38,959 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 29,940 | 78,509 | 114,973 | 37,168 | |
| Income (loss) from discontinued operations | 98,368 | (1,792) | ||||||
| Net income attributable to parent: | 5,530 | 3,158 | 29,940 | 78,509 | 114,973 | 37,168 | ||
| Preferred stock dividends and other adjustments | (4,772) | (4,781) | (2,325) | |||||
| Net income (loss) available to common stockholders, basic: | 758 | (1,623) | 27,615 | 78,509 | 114,973 | 37,168 | ||
| Interest on convertible debt | ||||||||
| Net income (loss) available to common stockholders, diluted: | 758 | (1,623) | 27,615 | 78,509 | 114,973 | 37,168 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 5,530 | 3,158 | 29,940 | 78,509 | 114,973 | 37,168 | ||
| Comprehensive income: | 5,530 | 3,158 | 29,940 | 78,509 | 114,973 | 37,168 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (8,870) | 14,244 | 3,427 | (1,984) | (413) | 114 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (3,340) | 17,402 | 33,367 | 76,525 | 114,560 | 37,282 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.