CTO Realty Growth Expands Preferred Stock ATM Program to $25M, Adds New Sales Agents

summarizeSummary

CTO Realty Growth expanded its At-The-Market program for its 6.375% Series A Preferred Stock, adding new sales agents and maintaining the full $25 million offering capacity.

check_boxKey Events

• Preferred Stock ATM Program Expanded

  CTO Realty Growth updated its At-The-Market (ATM) program for its 6.375% Series A Cumulative Redeemable Preferred Stock, maintaining an aggregate offering price of up to $25,000,000.

• New Sales Agents Appointed

  The company entered into new equity distribution agreements with Cantor Fitzgerald & Co. and Huntington Securities, Inc., adding them as sales agents for the preferred stock offering.

• Full Offering Amount Available

  As of the filing date, no shares of the Series A Preferred Stock have been sold under the equity distribution agreements, leaving the full $25,000,000 available for future sales.

auto_awesomeAnalysis

CTO Realty Growth has expanded its At-The-Market (ATM) program for its 6.375% Series A Cumulative Redeemable Preferred Stock, increasing the potential capital raise capacity to $25 million. This move, detailed in this prospectus supplement, follows the company's strong Q1 2026 financial results and raised guidance reported yesterday, and comes as the stock trades near its 52-week high. The expansion, which includes adding Cantor Fitzgerald & Co. and Huntington Securities, Inc. as new sales agents, provides CTO Realty Growth with enhanced financial flexibility. While preferred stock offerings can be dilutive to common shareholders, the timing suggests a strategic capital raise during favorable market conditions. No shares have been sold under this specific preferred stock program as of this filing, indicating it is an authorization for future sales.