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Strong Buy (3.50 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 4:30 PM
Slide #66. CTO Realty Growth — Preferred Stock Offering
| Company: |
CTO Realty Growth (NYSE:CTO) |
| Date announced: |
6/28/2021 |
| Shares Offered: |
3,000,000 |
| Date of Pricing: |
6/28/2021 |
| Price Per Share: |
$25.00 |
| Preferred Stock Offering Details: |
CTO Realty Growth (NYSE: CTO) ("CTO" or the "Company") today announced the launch of a public offering of shares of its Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") with a $25.00 per share liquidation preference. CTO intends to use the net proceeds from the offering for general corporate and working capital purposes, which may include property acquisitions and repayment of debt, including amounts outstanding under its credit agreement. -updated 6/28- CTO Realty Growth (NYSE: CTO) ("CTO" or the "Company") today announced the pricing of a public offering of 3,000,000 shares of its 6.375% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") at a public offering price of $25.00 per share. The Series A Preferred Stock will have a $25.00 per share liquidation preference. CTO will receive gross proceeds of $75,000,000 from the sale of the Series A Preferred Stock before deducting the underwriting discount and other estimated offering expenses. The offering is expected to close on July 6, 2021, subject to customary closing conditions. |
CTO Realty Growth is a real estate operating company. Co.'s business includes the following: Management Services, which is a management business that is engaged in managing Alpine Income Property Trust, Inc.; Commercial Loan and Master Lease Investments, which include a portfolio of three commercial loan investments and one preferred equity investment which is classified as a commercial loan investment; and Real Estate Operations, which portfolio of subsurface mineral interests associated in various counties in the State of Florida; and an inventory of mitigation credits as well as mitigation credits to be produced by Co.'s formerly owned mitigation bank. Preferred: CTO.PRA
 Open the CTO Page at Preferred Stock Channel »
| Name: |
CTO Realty Growth Inc (New) |
| Website: |
www.ctoreit.com |
| Sector: |
REITs |
| Number of ETFs Holding CTO: |
20 (see which ones) |
| Total Market Value Held by ETFs: |
$32,579,854 |
| Total Market Capitalization: |
$379,000,000 |
| % of Market Cap. Held by ETFs: |
8.60% |
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