CTO Realty Growth, Inc. (CTO) Financial Statements (2023 and Earlier)

Company Profile

Business Address 1140 NORTH WILLIAMSON BLVD., STE. 140
DAYTONA BEACH, FL 32114
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,61534,86345,2892,3106,5597,7804,061
Cash and cash equivalents8,6154,2896,4752,3106,5597,7804,061
Short-term investments 30,57438,814    
Restricted cash and investments      14,061
Disposal group, including discontinued operation   156   
Total current assets:8,61534,86345,2892,4676,5597,78018,121
Noncurrent Assets
Operating lease, right-of-use asset168246364
Inventory, real estate6927,0836,73225,76539,47851,95553,406
Property, plant and equipment190,296442,384370,591368,751347,688267,611257,256
Long-term investments and receivables 48,67755,7376,788   
Long-term investments 48,67755,7376,788   
Intangible assets, net (including goodwill)79,49250,17649,02243,55538,75832,185(11,892)
Intangible assets, net (excluding goodwill)79,49250,17649,02243,55538,75832,185(11,892)
Disposal group, including discontinued operation, noncurrent assets   71,471   
Deferred costs   2,3942,697  
Total noncurrent assets:270,648548,566482,446518,724428,621351,751298,770
Other undisclosed assets453,87682,502175,55135,13930,95049,09389,126
TOTAL ASSETS:733,139665,931703,286556,330466,130408,623406,017
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 23,18375,000    
Total current liabilities: 23,18375,000    
Noncurrent Liabilities
Liabilities, other than long-term debt4833,52190,282831 39913,469
Deferred revenue and credits 39913,469
Deferred gain on sale of property   831
Deferred income tax liabilities4833,52190,282
Total noncurrent liabilities:4833,52190,282831 39913,469
Other undisclosed liabilities302,176288,328252,591343,737281,952259,949252,159
Total liabilities:302,659315,032417,873344,568281,952260,348265,628
Stockholders' equity
Stockholders' equity attributable to parent430,480350,899285,413211,761184,178148,276134,781
Preferred stock30      
Common stock607,2506,0175,9955,9645,9155,902
Treasury stock, value (77,541)(73,441)(32,345)(22,508)(15,298)(7,866)
Additional paid in capital85,41483,18326,69024,32722,73520,51116,991
Accumulated other comprehensive income (loss)1,517(1,910)74487373256(689)
Retained earnings343,459339,917326,073213,298177,614136,892120,444
Stockholders' equity attributable to noncontrolling interest      5,607
Total stockholders' equity:430,480350,899285,413211,761184,178148,276140,388
TOTAL LIABILITIES AND EQUITY:733,139665,931703,286556,330466,130408,623406,017

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues70,27256,38144,94186,68991,41271,07542,998
Revenue, net 1,10019,041
Operating lease, lease income50,67949,95341,956
Operating leases, income statement, lease revenue40,911
Other operating income24,88510,887     
Cost of revenue(22,430)(15,211)(7,105)(19,684)  (188)
Cost of goods and services sold      (188)
Gross profit:47,84241,17037,83767,00591,41271,07542,810
Operating expenses17,114(1,821)12,159(45,231)(51,143)(33,755)(22,728)
Other undisclosed operating income (loss)(41,611)(27,069)(15,797)41,720  188
Operating income:23,34512,28034,19963,49340,26937,32020,269
Nonoperating income (expense)
(Investment Income, Nonoperating)
12,445(6,432)3455238(530)209
Interest and debt expense(8,929)(454)(444)(495)(8,523)(8,753)(6,920)
Income from continuing operations before equity method investments, income taxes:26,8615,39434,10063,05031,78428,03613,558
Other undisclosed loss from continuing operations before income taxes (10,384)(12,022)(9,928)   
Income (loss) from continuing operations before income taxes:26,861(4,990)22,07753,12231,78428,03613,558
Income tax expense (benefit)3,07983,499(5,472)(14,163)9,935(11,837)(5,269)
Income from continuing operations:29,94078,50916,60538,95941,71916,1998,289
Income (loss) from discontinued operations  98,368(1,792)   
Net income:29,94078,509114,97337,16841,71916,1998,289
Net income attributable to noncontrolling interest     5258
Net income attributable to parent:29,94078,509114,97337,16841,71916,2518,347
Preferred stock dividends and other adjustments(2,325)      
Net income available to common stockholders, diluted:27,61578,509114,97337,16841,71916,2518,347

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:29,94078,509114,97337,16841,71916,1998,289
Comprehensive income:29,94078,509114,97337,16841,71916,1998,289
Comprehensive income, net of tax, attributable to noncontrolling interest     5258
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,427(1,984)(413)114117945(762)
Comprehensive income, net of tax, attributable to parent:33,36776,525114,56037,28241,83617,1967,585

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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