Reports Q3 revenue $31.81M, consensus $30.15M. “We are pleased to report another strong quarter with significant accomplishments across all aspects of our business,” stated John Albright, president and CEO of CTO Realty Growth (CTO). “We experienced significant growth as our GLA increased over 20% from our $137 million portfolio acquisition of high-quality retail centers in our target growth markets, and we originated a $44 million first mortgage development loan with an initial yield of 11%. Importantly, we primarily funded our investment activity with disciplined use of our ATM. Finally, we closed a $100 million 5-year term loan with proceeds used to pay down our credit facility, and ended the quarter with $213 million of available liquidity and decreased leverage.”
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