Recent Updates — CTO

CTO Realty Growth entered into an equity distribution agreement and master forward confirmation with BofA Securities, adding the bank as a sales agent, forward seller, and purchaser. This expands the company's existing at-the-market (ATM) offering program, allowing for the issuance of up to $250 million in common stock shares from time to time. The filing also includes amendments to existing distribution agreements with other financial institutions to account for BofA's participation. CTO Realty Growth is a real estate investment trust that owns and operates commercial properties.

CTO Realty Growth reported third-quarter 2026 Core Funds from Operations (Core FFO) of $0.53 per diluted share, up from $0.48 in the prior year period. The company raised its full-year 2026 Core FFO guidance to a range of $2.11 to $2.14 per diluted share, previously $2.09 to $2.13. Net loss attributable to common stockholders was $0.19 per diluted share for the quarter. The company also announced it executed 396,000 square feet of comparable retail leases at a positive cash rent spread of 7% and secured a $1.0 billion amended credit facility extending maturities to September 2029. Year-to-date investment activity totaled $472 million. CTO Realty Growth is an owner and operator of shopping centers primarily in the Southeast and Southwest United States.

CTO Realty Growth closed a $1.0 billion amended and restated unsecured credit facility on September 29, 2026, led by KeyBank National Association. The new structure includes a $400 million revolving facility maturing in September 2030 with two six-month extension options, plus four term loans: $150 million due September 2029 (upsized from $125 million), $150 million due September 2030 (upsized from $125 million), a new $150 million tranche due September 2031, and a new $150 million tranche due March 2032. The company used proceeds to repay its previous BMO Credit Agreement obligations. This transaction increases total commitments by $250 million and extends the weighted average maturity of outstanding debt from 1.6 years to 4.3 years, excluding extension options. Initial fixed interest rates range from 3.4% to 5.3% based on SOFR swaps. CTO Realty Growth owns and operates high-quality open-air shopping centers primarily in the Southeast and Southwest United States.

CTO Realty Growth, Inc. held its 2026 Annual Meeting of Stockholders on June 17, 2026. Stockholders elected John P. Albright, George R. Brokaw, Christopher J. Drew, Laura M. Franklin, R. Blakeslee Gable, and Christopher W. Haga to the board of directors. The meeting also resulted in the ratification of Grant Thornton LLP as the independent registered public accounting firm for the 2026 fiscal year. Additionally, shareholders approved the Sixth Amended and Restated 2010 Equity Incentive Plan and provided non-binding advisory approval for executive compensation. CTO Realty Growth, Inc. is a real estate investment company.