Company profile

Ticker
CTO
Exchange
Website
CEO
John P. Albright
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
590483700

CTO stock data

(
)
FINRA relative short interest over last month (20 trading days) ?

Calendar

6 Mar 20
7 Apr 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Dec 19 Sep 19 Jun 19 Mar 19
Revenue 11.96M 11.33M 10.69M 10.96M
Net income 96.42M 1.49M 10.6M 6.47M
Diluted EPS 20.04 0.31 2.14 1.21
Net profit margin 806% 13.12% 99.14% 59.02%
Operating income 4.08M 5.48M 14.63M 10M
Net change in cash 1.06M 2.79M -60.95K 371.72K
Cash on hand 6.47M 5.41M 2.62M 2.68M
Cost of revenue 1.97M 1.48M 1.67M 1.98M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 44.94M 43.66M 38.65M 65.88M
Net income 114.97M 37.17M 41.72M 16.25M
Diluted EPS 23 6.72 7.48 2.85
Net profit margin 256% 85.13% 108% 24.67%
Operating income 34.2M 31.39M 7.74M 37.98M
Net change in cash 4.16M -3.8M -1.22M 3.27M
Cash on hand 6.47M 2.31M 6.11M 7.33M
Cost of revenue 7.1M 8.76M 8.34M 20.25M

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
1 Apr 20 Wold Casey R Common Stock Grant Aquire A 46.387 441 20.46K 4,218
1 Apr 20 Serkin Howard C Common Stock Grant Aquire A 46.387 420 19.48K 7,979
1 Apr 20 Haga Christopher W Common Stock Grant Aquire A 46.387 463 21.48K 3,491
1 Apr 20 Gable Robert Blakeslee Common Stock Grant Aquire A 46.387 377 17.49K 3,100
1 Apr 20 Franklin Laura M Common Stock Grant Aquire A 46.387 344 15.96K 4,318
69.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 98 102 -3.9%
Opened positions 8 14 -42.9%
Closed positions 12 3 +300.0%
Increased positions 33 39 -15.4%
Reduced positions 32 28 +14.3%
13F shares
Current Prev Q Change
Total value 270.51M 277.32M -2.5%
Total shares 3.3M 3.55M -7.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Russell Investments 451.11K $27.21M +41.0%
BLK BlackRock 377.46K $22.77M +0.2%
Dimensional Fund Advisors 315.16K $19.01M +1.0%
Vanguard 268.97K $16.22M -2.9%
Carlson Capital L P 162.62K $9.81M 0.0%
Chilton Capital Management 155.99K $9.41M +10.7%
Grace & White 114.23K $6.89M 0.0%
STT State Street 100.32K $6.05M +6.6%
Intrepid Capital Management 90.78K $5.48M -3.7%
Magnetar Financial 75.91K $4.58M 0.0%
Largest transactions
Shares Bought/sold Change
V3 Capital Management 0 -253.5K EXIT
Russell Investments 451.11K +131.14K +41.0%
Hotchkis & Wiley Capital Management 0 -67.45K EXIT
Hillsdale Investment Management 0 -49.6K EXIT
WINTON 22.33K -18.64K -45.5%
AMP Ameriprise Financial 4.37K -17.4K -79.9%
JPM JPMorgan Chase & Co. 17.08K +15.45K +949.5%
Chilton Capital Management 155.99K +15.03K +10.7%
GS Goldman Sachs 19.07K +13.72K +256.5%
Renaissance Technologies 72.68K +13.68K +23.2%

Financial report summary

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Competition
WashingtonVirginia
Risks
  • We are subject to risks related to the ownership of commercial real estate that could affect the performance and value of our properties.
  • Adverse changes in U.S., global and local regions or markets that impact our tenants’ businesses may materially and adversely affect us generally and the ability of our tenants to make rental payments to us pursuant to our leases.
  • Our business is dependent upon our tenants successfully operating their businesses, and their failure to do so could materially and adversely affect us.
  • Retail properties, particularly those with multiple tenants, depend on the presence of and successful operation of an anchor tenant or tenants and the failure of such tenant’s business or the loss of the anchor tenant(s) could adversely affect the overall success of our property and thereby could adversely impact our financial condition, results of operations and cash flows.
  • We are subject to risks that affect the general retail environment in the United States, such as weakness in the economy, the level of consumer spending, the adverse financial condition of large consumer retail companies and competition from discount and internet retailers, any of which could adversely affect market rents for retail space and the willingness or ability of retail tenant to lease space in our multi-tenant properties.
  • Competition that traditional retail tenants face from e-commerce retail sales, or the integration of brick and mortar stores with e-commerce retail operators, could adversely affect our business.
  • A key element of our future success will depend upon, among other things, our ability to successfully execute our strategy to invest in income-producing assets which if unsuccessful could adversely impact our financial condition, results of operations and cash flows.
  • We operate in a highly competitive market for the acquisition of income properties and more established entities or other investors may be able to compete more effectively for acquisition opportunities than we can.
  • The loss of revenues from our income property portfolio or certain tenants would adversely impact our results of operations and cash flows.
  • A significant portion of the revenue we generate from our income property portfolio is concentrated in specific industry classifications and/or geographic locations and any prolonged dislocation in those industries or downturn in those geographic areas would adversely impact our results of operations and cash flows.
  • Certain provisions of the Company’s leases may be unenforceable.
  • We may not be able to dispose of properties we target for sale to recycle our capital.
  • We may seek to conduct development activities, including the development of new income properties or the redevelopment or renovation of existing income properties, which may cause us to experience unexpected costs and have other risks that may adversely affect our financial condition, results of operations and liquidity.
  • Our revenues include receipt of management fees and potentially incentive fees derived from our provision of management services to PINE and the loss or failure, or decline in the business or assets, of PINE could substantially reduce our revenues.
  • Our management agreement with PINE is subject to termination for events of default or non-performance, and any such termination could have a material adverse effect on our business, results of operations and financial condition.
  • We do not have significant experience managing a REIT.
  • Declines in the market values of our investment in PINE may adversely affect periodic reported results.
  • There are various potential conflicts of interest in our relationship with PINE, including our executive officers and/or directors who are also officers and/or directors of PINE, which could result in decisions that are not in the best interest of our stockholders.
  • A prolonged downturn in economic conditions could adversely impact our business, particularly with regard to our ability to maintain revenues from our income-producing assets and our ability to monetize parcels of land in the Land JV.
  • Most of the Land JV’s land holdings are located in Daytona Beach, Florida and the competition in the local and regional market, the possible impact of government regulation, permitting or development limitations, and the criteria used by parties interested in acquiring land could adversely impact the Land JV and thereby our ability to attain value from our retained interest in the Land JV and thus our financial condition, results of operations and cash flows.
  • Land use and environmental regulations could restrict, make costlier, or otherwise adversely impact our business.
  • A part of our investment strategy is focused on investing in commercial loan investments which may involve credit risk.
  • Because of competition, we may not be able to acquire commercial loans or similar financings at all or at favorable yields.
  • Debt and preferred equity investments could cause us to incur expenses, which could adversely affect our results of operations.
  • The mezzanine loan assets that we may acquire will involve greater risks of loss than senior loans secured by income-producing properties.
  • We may invest in fixed-rate loan investments, and an increase in interest rates may adversely affect the value of these investments, which could adversely impact our financial condition, results of operations and cash flows.
  • The commercial loans or similar financings we may acquire that are secured by commercial real estate typically depend on the ability of the property owner to generate income from operating the property. Failure to do so may result in delinquency and/or foreclosure.
  • The activities or actions of a third-party servicer engaged to service our investment in a commercial loan or similar debt financing could adversely impact the value of our investment or our results of operations and cash flows.
  • We may suffer losses when a borrower defaults on a loan and the value of the underlying collateral is less than the amount due.
  • Investments in securities of companies operating in the real estate industry, including debt and equity instruments such as corporate bonds, preferred or common stock, or convertible instruments could cause us to incur losses or other expenses which could adversely affect our financial position, results of operations, and cash flows.
  • We are subject to a number of risks inherent with the real estate industry and in the ownership of real estate assets or investment in financings secured by real estate, which may adversely affect our returns from our investments, our financial condition, results of operations and cash flows.
  • The Company’s real estate investments are generally illiquid.
  • We may experience a decline in the fair value of our real estate assets or investments which could result in impairments and would impact our financial condition and results of operations.
  • From time to time we make investments in companies over which we do not have control. Some of these companies may operate in industries that differ from our current operations, with different risks than investing in real estate.
  • If we are not successful in utilizing the like-kind exchange structure in deploying the proceeds from dispositions of income properties, or our like-kind exchange transactions are disqualified, we could incur significant taxes and our results of operations and cash flows could be adversely impacted.
  • If the provisions of Section 1031 of the Internal Revenue Code regarding the like-kind exchange structure were altered substantially or eliminated, our financial position, results of operations and cash flows could be adversely impacted.
  • Quarterly results may fluctuate and may not be indicative of future quarterly performance.
  • The Company may be unable to obtain debt or equity capital on favorable terms, if at all, or additional borrowings may impact our liquidity or ability to monetize any assets securing such borrowings.
  • An increase in our borrowing costs would adversely affect our financial condition and results of operations.
  • Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our business to service or pay our debt.
  • Our level of indebtedness could have significant adverse consequences and our cash flow may be insufficient to meet our debt service obligations.
  • We continue to have the ability to incur debt; if we incur substantial additional debt, the higher levels of debt may affect our ability to pay the interest and principal of our debt.
  • Declines in the value of the assets in which we invest will adversely affect our financial condition and results of operations and make it costlier to finance these assets.
  • Changes in the method for determining LIBOR or a replacement of LIBOR may affect the value of the financial obligations to be held or issued by us that are linked to LIBOR and could affect our results of operations or financial condition.
  • We may utilize derivative instruments to hedge risk, which may adversely affect our borrowing cost and expose us to other risks.
  • Significant increases in interest rates could have an adverse effect on our operating results.
  • The Company’s Credit Facility and secured financings include certain financial and/or other covenants that could restrict our operating activities, and the failure to comply with such covenants could result in a default that accelerates the required payment of such debt.
  • Certain investors in the convertible debt issuance may also invest in our common stock utilizing trading strategies which may increase the volatility in or adversely affect the trading price and liquidity of our common stock.
  • We may not have the liquidity or ability to raise the funds necessary to settle conversions of the Notes or purchase the Notes as required upon a fundamental change, and our future debt may contain limitations on our ability to pay cash upon a purchase or conversion of the Notes.
  • To the extent we issue shares of our common stock to satisfy all or a portion of the settlement of our Notes, conversions of the Notes will dilute the ownership interest of our existing shareholders, including holders who had previously converted their Notes into common stock.
  • We may encounter environmental problems which require remediation or the incurrence of significant costs to resolve, which could adversely impact our financial condition, results of operations, and cash flows.
  • If we are unable to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act or our internal control over financial reporting is not effective, the reliability of our financial statements may be questioned, and the market price of our common stock may suffer.
  • We are subject to substantial regulation and numerous contractual obligations and internal policies, and failure to comply with these provisions could have a material adverse effect on our business, financial condition and results of operations.
  • Employee misconduct could harm us by subjecting us to significant legal liability, reputational harm and loss of business.
  • Significant legal proceedings may adversely affect our results of operations or financial condition.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
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