CTO Latest Report

Performance Review

CTO Realty Growth's total operating revenue increased by 19.55% to $35,742,000 as of December 31, 2024, compared to $29,885,000 as of December 31, 2023, reflecting the company's improved market performance and successful business expansion.

Key Financial Data

1. The total operating revenue increased by 19.55% to $35,742,000, indicating a significant improvement in the company's revenue generation.

2. The sales cost rose to $9,155,000, up 8.77% YoY, but the gross profit margin grew by 23.83%, showing the company's effective cost control.

3. Both core FFO and AFFO grew by approximately 6% YoY in Q3 2024, demonstrating the company's stable profitability.

4. The net debt to EBITDA ratio significantly improved to 6.4x, showing effective management of financial leverage.

Peer Comparison

1. Industry-wide analysis: The real estate investment trust industry has recovered from the pandemic, with a general increase in total operating revenue, mainly benefiting from rent recovery and increased property demand, providing a good industry backdrop for CTO Realty Growth's growth.

2. Peer evaluation analysis: CTO Realty Growth's total operating revenue growth (19.55%) is significantly higher than many peers, whose growth rates generally range from 10% to 15%, indicating CTO's competitiveness in market strategy and operational efficiency.

Summary

CTO Realty Growth's revenue has grown significantly, driven by increased market demand, business expansion, and effective cost control. Despite the pressure on the overall real estate market, the company has shown strong market competitiveness and financial stability.

Opportunities

1. Continue to capitalize on the rising market demand to further expand its property portfolio.

2. Enhance revenue base and market share through acquisitions and development of new projects.

3. Effectively control costs to maintain gross profit growth and enhance overall profitability.

Risks

1. A general slowdown in real estate sales may put pressure on future performance, with weakened purchasing power and buying intent.

2. Property development and acquisition may face higher market risks, requiring careful assessment of investment returns.

3. The use of financial leverage requires ongoing monitoring to avoid increased financial burden due to market volatility.