CTO Realty Growth Prices New Preferred Stock Issue

Real estate investment trust CTO Realty Growth (CTO) has priced their newly announced preferred stock issue.

The issue prices at 6.375%. Of course it is cumulative and non qualified which is typical for REIT preferreds. The issue is not rated.

The issue should trade immediately on the OTC grey market–unfortunately the temporary ticker has not yet been assigned. I will post the ticker when known (or likely readers will know if you follow the comments below as the day goes by).

The pricing term sheet can be read here.

One thought on “CTO Realty Growth Prices New Preferred Stock Issue”

  1. I stumbled upon this article for anybody looking at buying this issue.

    Here are the highlights;
    “The Lowdown on CTO Realty Growth Stock

    As mentioned earlier, CTO Realty Growth Inc is an excellent REIT with a diverse portfolio of properties located across the U.S.

    Thanks to improving economic conditions and solid financial results, CTO Realty stock has made big gains over the last year. The company’s strong fundamentals are also responsible for its current dividend yield of 7.6%, which makes CTO stock one of the best U.S.-based, high-yield REITs out there.”

    https://www.incomeinvestors.com/cto-realty-growth-inc-reit/61128/

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