| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Land, at cost | 280,171 | 283,759 | ||
| Building and improvements, at cost | 766,444 | 764,952 | ||
| Other furnishings and equipment, at cost | 919 | 911 | ||
| Construction in process, at cost | 5,508 | 2,597 | ||
| Total real estate, at cost | 1,053,042 | 1,052,219 | ||
| Less, accumulated depreciation | 108,883 | 100,206 | ||
| Real estate-net | 944,159 | 952,013 | ||
| Land and development costs | 300 | 300 | ||
| Intangible lease assets-net | 74,552 | 81,548 | ||
| Investment in alpine income property trust, inc | 35,022 | 34,752 | ||
| Current face amount | 114,011 | - | ||
| Unaccreted origination fees | -684 | - | ||
| Cecl reserve | 1,140 | - | ||
| Commercial loans and investments | 112,187 | 106,128 | ||
| Cash and cash equivalents | 9,281 | 8,551 | ||
| Restricted cash | 8,289 | 10,291 | ||
| Deferred income taxes-net | 2,427 | 2,472 | ||
| Income property tenant receivables, net of allowance for doubtful accounts | 3,321 | - | ||
| Income property straight-line rent adjustment | 9,054 | - | ||
| Income property leasing commissions and costs, net | 8,526 | - | ||
| Operating leases - right-of-use asset | 267 | - | ||
| Cash flow hedge - interest rate swap | 3,867 | - | ||
| Infrastructure reimbursement receivables | 326 | - | ||
| Prepaid expenses, deposits, and other | 8,707 | - | ||
| Other receivables-Related Party | 1,242 | - | ||
| Financing costs, net of accumulated amortization | 826 | - | ||
| Other assets-see note 11 | 36,136 | 37,171 | ||
| Total assets | 1,222,353 | 1,233,226 | ||
| Accounts payable | 1,850 | 2,228 | ||
| Accrued and other liabilities-see note 17 | 30,919 | 23,054 | ||
| Deferred revenue-see note 18 | 13,361 | 12,512 | ||
| Intangible lease liabilities-net | 14,780 | 16,005 | ||
| Income taxes payable | 27 | 14 | ||
| Current face amount | 606,800 | - | ||
| Financing costs, net of accumulated amortization | 2,637 | - | ||
| Long-term debt-net | 604,163 | 605,351 | ||
| Total liabilities | 665,100 | 659,164 | ||
| Preferred stock - 100,000,000 shares authorized 0.01 par value, 6.375 series a cumulative redeemable preferred stock, 25.00 per share liquidation preference, 4,713,069 shares issued and outstanding at september 30, 2025 and 4,713,069 shares issued and outstanding at december 31, 2024 | 47 | 47 | ||
| Common stock - 500,000,000 shares authorized 0.01 par value, 32,675,700 shares issued and outstanding at september 30, 2025 and 31,673,479 shares issued and outstanding at december 31, 2024 | 327 | 329 | ||
| Additional paid-in capital | 386,634 | 390,003 | ||
| Retained earnings | 170,829 | 182,362 | ||
| Accumulated other comprehensive income (loss) | -584 | 1,321 | ||
| Total stockholders' equity | 557,253 | 574,062 | ||
| Total liabilities and stockholders' equity | 1,222,353 | 1,233,226 | ||
CTO Realty Growth, Inc. (CTO)
CTO Realty Growth, Inc. (CTO)