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An update from CTO Realty Growth ( (CTO) ) is now available.
CTO Realty Growth, Inc. secured a $100 million term loan with a five-year maturity to bolster its financial flexibility and investment capacity. The loan, which can potentially be increased to $400 million under certain conditions, comes with interest rate options tied to the Base Rate or SOFR, and is accompanied by standard restrictive covenants limiting the company’s financial activities. Additionally, CTO Realty Growth has been actively investing, with over $273 million in transactions at an average yield of 9.1%, and successfully raised capital through its ATM program, enhancing its balance sheet and liquidity to support ongoing growth.
For detailed information about CTO stock, go to TipRanks’ Stock Analysis page.
