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CTO Realty Growth Inc (New) | 6.375% Series A Cumulative Redeemable Preferred Stock (CTO.PRA)
Prospectus excerpt: We are offering 3,000,000 shares of our 6.375% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share (the “Series A Preferred Stock”). We will pay cumulative dividends on the Series A Preferred Stock from, and including, the date of original issue at a rate of 6.375% per annum of the $25.00 liquidation preference per share (equivalent to an annual rate of $1.59375 per share). Dividends on the Series A Preferred Stock will be payable quarterly in arrears on or about the last day of March, June, September and December of each year, beginning September 30, 2021. The Series A Preferred Stock will rank senior to our common stock with respect to distribution rights and rights upon our liquidation, dissolution or winding up. Full Prospectus PDF », Secondary Prospectus PDF », CTO Page »
| Series: | A | | Alternate symbology: | CTO-A, CTO-PA, CTOprA | | Redeemable?: | Yes | | Call Date: | 7/6/2026 | | Perpetual?: | Yes | | Cumulative?: | Yes | | Shares Offered: | 3,000,000 | | Liquidation Preference: | $25.00 | | Recent Market Price: | $21.63 | Discount to Liquidation Preference:
(More Preferreds Trading at a Discount ») | $-3.37 (-13.48%) | | Annualized Dividend: | 1.59376 | | Recent Ex-Date: | 3/13/2024 | | Current Yield: | 7.37% | | Original Coupon: | 6.375% | | Pay Period: | Quarterly | | Pay Dates: | 31-Mar, 30-Jun, 30-Sep, 31-Dec | | CDx3 Compliance Rating: |
Learn CTO.PRA's Rating
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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
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| 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: |
$33,078,311 |
| Total Market Capitalization: |
$391,000,000 |
| % of Market Cap. Held by ETFs: |
8.46% |
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