CTO Realty Growth, Inc. (CTO) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,3338,61534,86345,2892,3106,559
Cash and cash equivalents19,3338,6154,2896,4752,3106,559
Short-term investments   30,57438,814  
Disposal group, including discontinued operation     156 
Total current assets:19,3338,61534,86345,2892,4676,559
Noncurrent Assets
Operating lease, right-of-use asset63168246364
Inventory, real estate6856927,0836,73225,76539,478
Property, plant and equipment234,678190,296442,384370,591368,751347,688
Long-term investments and receivables   48,67755,7376,788 
Long-term investments   48,67755,7376,788 
Intangible assets, net (including goodwill)115,98479,49250,17649,02243,55538,758
Intangible assets, net (excluding goodwill)115,98479,49250,17649,02243,55538,758
Disposal group, including discontinued operation, noncurrent assets     71,471 
Deferred costs     2,3942,697
Deferred income tax assets2,530   
Total noncurrent assets:353,940270,648548,566482,446518,724428,621
Other undisclosed assets613,272453,87682,502175,55135,13930,950
TOTAL ASSETS:986,545733,139665,931703,286556,330466,130
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   23,18375,000  
Total current liabilities:   23,18375,000  
Noncurrent Liabilities
Liabilities, other than long-term debt  4833,52190,282831 
Deferred gain on sale of property     831
Deferred income tax liabilities  4833,52190,282
Total noncurrent liabilities:  4833,52190,282831 
Other undisclosed liabilities481,775302,176288,328252,591343,737281,952
Total liabilities:481,775302,659315,032417,873344,568281,952
Equity
Equity, attributable to parent504,770430,480350,899285,413211,761184,178
Preferred stock3030    
Common stock229607,2506,0175,9955,964
Treasury stock, value   (77,541)(73,441)(32,345)(22,508)
Additional paid in capital172,47185,41483,18326,69024,32722,735
Accumulated other comprehensive income (loss)15,7611,517(1,910)74487373
Retained earnings316,279343,459339,917326,073213,298177,614
Total equity:504,770430,480350,899285,413211,761184,178
TOTAL LIABILITIES AND EQUITY:986,545733,139665,931703,286556,330466,130

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues82,32070,27256,38144,94186,68991,412
Operating leases, income statement, lease revenue40,911
Operating lease, lease income68,85750,67949,95341,956
Other operating income  24,88510,887   
Cost of revenue(22,857)(22,430)(15,211)(7,105)(19,684) 
Gross profit:59,46347,84241,17037,83767,00591,412
Operating expenses(12,899)17,114(1,821)12,159(45,231)(51,143)
Other operating expense, net(7,042)     
Other undisclosed operating income (loss)(28,855)(41,611)(27,069)(15,797)41,720 
Operating income:10,66723,34512,28034,19963,49340,269
Nonoperating income (expense)
(Investment Income, Nonoperating)
77612,445(6,432)3455238
Interest and debt expense(11,115)(8,929)(454)(444)(495)(8,523)
Income (loss) from continuing operations before equity method investments, income taxes:32826,8615,39434,10063,05031,784
Other undisclosed loss from continuing operations before income taxes   (10,384)(12,022)(9,928) 
Income (loss) from continuing operations before income taxes:32826,861(4,990)22,07753,12231,784
Income tax expense (benefit)2,8303,07983,499(5,472)(14,163)9,935
Income (loss) from continuing operations:3,15829,94078,50916,60538,95941,719
Income before gain (loss) on sale of properties:29,94078,509114,97337,16841,719
Income (loss) from discontinued operations    98,368(1,792) 
Net income (loss) attributable to parent:3,15829,94078,509114,97337,16841,719
Preferred stock dividends and other adjustments(4,781)(2,325)    
Net income (loss) available to common stockholders, diluted:(1,623)27,61578,509114,97337,16841,719

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):3,15829,94078,509114,97337,16841,719
Comprehensive income (loss):3,15829,94078,509114,97337,16841,719
Other undisclosed comprehensive income (loss), net of tax, attributable to parent14,2443,427(1,984)(413)114117
Comprehensive income, net of tax, attributable to parent:17,40233,36776,525114,56037,28241,836

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.

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