CTO
CTO Realty Growth, Inc.
CTO's fundamentals are strong, but it looks expensive: trading at 18x earnings, above its usual 11x. Analysts expect earnings growth.
CTO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
CTO's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for real estate companies like CTO.
CTO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 2.5x | $2.79 | -86% |
| Fair | 11x | $11.92 | -41% |
| Current | 18x | $20.24 | — |
| Expensive | 39x | $44.57 | +120% |
| Forward | 50x | $20.24 | — |
Historical ranges are pointers, not guarantees.
CTO's PE is in its fair range at 18x. On analysts' estimates for next year's earnings, today's price would be 50x, in its expensive range.
CTO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for CTO, but weaker profitability.
CTO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.40 | -64% |
| Q3 2026 | $1.13 | +$2.55 |
| Q2 2026 | $1.35 | +$2.63 |
| Q1 2026 | $0.20 | +$0.74 |
| Q4 2025 | $0.08 | +$0.43 |
| Q3 2025 | -$1.42 | -341% |
| Q2 2025 | -$1.28 | -361% |
| Q1 2025 | -$0.54 | -198% |
| Q4 2024 | -$0.35 | -1267% |
CTO has returned to profit: it earned $1.13 per share over the past year, after losing money the year before.
CTO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $46.9M | +24% |
| Q2 2026 | $43.8M | +16% |
| Q1 2026 | $41.2M | +15% |
| Q4 2025 | $38.3M | +7.3% |
| Q3 2025 | $37.8M | +19% |
| Q2 2025 | $37.6M | +30% |
| Q1 2025 | $35.8M | +27% |
| Q4 2024 | $35.7M | +20% |
CTO's revenue has grown year over year for 15 quarters in a row: $47M last quarter, up 24% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | -1.9 points |
| Q2 2026 | 30% | +64 points |
| Q1 2026 | 25% | +3 points |
| Q4 2025 | 75% | +96 points |
| Q3 2025 | 27% | +11 points |
| Q2 2025 | -34% | -53 points |
| Q1 2025 | 22% | -30 points |
| Q4 2024 | -20% | -55 points |
CTO's operating margin was 25% last quarter, down 1.9 points from the same quarter a year ago.
CTO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $24.6M | -3.6% |
| Q2 2026 | $20M | -8.9% |
| Q1 2026 | $14.6M | +42% |
| Q4 2025 | $6.9M | -71% |
| Q3 2025 | $25.5M | +20% |
| Q2 2025 | $21.9M | +70% |
| Q1 2025 | $10.3M | -12% |
| Q4 2024 | $23.5M | +263% |
CTO's free cash flow was $66M over the past year, down 19% from the year before. Free cash flow isn't a meaningful measure for real estate companies like CTO.
CTO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.4% | +2.6M shares |
| 1 year | +15% | +4.9M shares |
| 3 years | +67% | +15.1M shares |
| 5 years | +119% | +20.5M shares |
CTO has 38M diluted shares, up 15% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $5M |
| Q3 2025 | $4.3M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | $664,000 |
| Q4 2023 | $1.3M |
| Q3 2023 | $87,000 |
CTO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.5x | High |
| Q2 2026 | 5.2x | High |
| Q1 2026 | 6.5x | High |
| Q4 2025 | 6.5x | High |
| Q3 2025 | 8.3x | High |
| Q2 2025 | 9.2x | High |
| Q1 2025 | 7.5x | High |
| Q4 2024 | 6.2x | High |
CTO's net debt is about 5.5 years of its operating earnings (EBITDA), down from 8.3 years a year ago. Net leverage isn't a meaningful measure for real estate companies like CTO.
CTO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.0 | Neutral |
| Stochastic | 39.9 | Neutral |
CTO's weekly RSI is 47 (neutral) and its Stochastic is 40 (neutral).
CTO PE vs Real Estate Sector
| Metric | CTO | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 24x | 25% below |
| PE % | 65 | 23 | 42 pts above |
CTO is trading at 18x earnings, a 25% discount to the Real Estate sector's median of 24x.
CTO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.3 | 0.2% below |
| 20 week MA | $21.0 | 3.8% below |
| 50 week MA | $20.0 | 1.3% above |
| 100 week MA | $19.0 | 6.8% above |
| 200 week MA | $18.3 | 11% above |
CTO has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 11% above its 200-week average.
CTO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $16.1 | $13.3 | -17% |
| 2021 | $13.3 | $19.9 | +50% |
| 2022 | $19.9 | $18.1 | -9.1% |
| 2023 | $18.1 | $17.3 | -4.3% |
| 2024 | $17.3 | $19.4 | +12% |
| 2025 | $19.4 | $18.0 | -7.3% |
| 2026 YTD | $18.0 | $20.2 | +13% |
CTO has finished lower in four of the last six years. It's up 13% so far in 2026.