- CTO used to be a C-corp called Consolidated-Tomoka Land that developed and owned a wide variety of assets, including raw land, golf courses, and various real estate.
- Today, CTO has nearly completed its simplification process by selling its non-core assets and focusing on retail-based mixed-use properties.
- CTO is a value investor, buying value-add properties at high yields and attempting to increase cash flow through various mechanisms.
- Though some risks remain, it appears to me that CTO is executing well on its capital recycling program and should generate AFFO growth in coming years.
For further details see:
CTO Realty Growth Is Executing Well On Capital Recycling And Still Yields 7.5%