Professional
Added to YB: 2025-06-27
Pitch date: 2025-06-25
CTO [bearish]
CTO Realty Growth, Inc.
-9.91%
current return
Author Info
Company Info
CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.
Market Cap
$564.9M
Pitch Price
$16.18
Price Target
N/A
Dividend
8.71%
EV/EBITDA
12.92
P/E
-13.55
EV/Sales
7.90
Sector
Diversified REITs
Category
N/A
Wolfpack Research Is Short CTO Realty Growth (CTO)
CTO short: REIT using dilutive share issuance (70% since Dec'22) to fund $38M dividend shortfall since 2021. Manipulative AFFO definition excludes recurring capex unlike peers, driving $8M undeserved management bonuses. Used sham loan to hide top tenant bankruptcy. Only $8.4M cash vs $14M quarterly dividends and $5.7M quarterly capex. Imminent dilution likely.
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