From Seekingalpha · Gen Alpha · · 40s
CTO Realty Growth: High Yield REIT Opportunity
CTO Realty Growth offers up to 8% yield with strong growth potential.
In brief
CTO Realty Growth offers up to 8% yield with strong growth potential. CTO Realty Growth provides a 'Buy' rating with 8.2% preferred yield and 9.7x forward P/FFO valuation. Originally reported by Seekingalpha.
CTO Realty Growth Overview
CTO Realty Growth offers high yield and value trading at 9.7x forward P/FFO versus 12.1x historical average.
Strong Operating Momentum
CTO demonstrates 18% YoY core FFO/share growth and 10% same-property NOI growth.
Capital Recycling Program
Disciplined capital recycling, SNO lease pipeline, and development projects support FFO and NOI growth.
Preferred Share Yield
Series A preferred shares yield 8.2% and trade at 22% discount to par.
The big picture
CTO Realty Growth provides a 'Buy' rating with 8.2% preferred yield and 9.7x forward P/FFO valuation.
