CTO bought USD 103 million center and CTO Realty Growth stock sits 9.82 percent below high

Published on 10/08/2026 at 21:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was USD 43.83 million in the second quarter of 2026. CTO Realty Growth stock costs EUR 18.24 after EUR 18.17 on October 8, 2026.

Key points in brief

CTO Realty Growth announced the USD 103.00 million Summit Woods Crossing acquisition on October 6, 2026.
The property adds 545,000 square feet, while CTO's portfolio has grown 30.00 percent this year.
CTO stock was EUR 18.24 at Lang & Schwarz on October 8, 2026, plus 0.39 percent versus EUR 18.17.
The average analyst target is USD 24.50, compared with a primary-exchange quote of USD 20.48.

CTO, US22948Q1013, Illustration mit AI erstellt.

CTO Realty Growth bought Summit Woods Crossing for USD 103.00 million on October 6, 2026, and CTO Realty Growth stock sat 9.82 percent below its NYSE 52-week high. GlobeNewswire reported that the open-air power center covers 545,000 square feet on 57 acres in the Kansas City area.

Three acquisitions reshape the portfolio

On September 14, 2026, CTO Realty Growth acquired Zona Rosa for USD 63.30 million, according to MarketScreener. On September 30, 2026, the company closed a USD 1.00 billion unsecured credit facility, increasing commitments by USD 250.00 million, according to StockTitan. The October 6 acquisition brought 2026 year-to-date investment volume to USD 439.00 million.

What does the acquisition add?

Summit Woods Crossing gives CTO another Kansas City retail asset anchored by Lowe's, Kohl's, Best Buy, TJ Maxx and Total Wine. The company said the purchase helped expand its portfolio from 5.5 million to 7.1 million square feet, a 30.00 percent increase in 2026, according to GlobeNewswire. That expansion increases exposure to property-level leasing and repositioning execution, while the new credit facility extends debt maturities.

Revenue and analyst targets

For the second quarter of 2026, CTO reported USD 43.83 million of revenue and USD 0.38 diluted earnings per share, versus USD 42.31 million and USD 0.10 consensus, respectively, according to MarketBeat. The same report put the average 12-month target at USD 24.50, while the primary-exchange quote was USD 20.48, making the target 19.63 percent above that quote. The quarterly dividend was USD 0.38, equivalent to a 7.40 percent yield.

Next results arrive October 27

GlobeNewswire said CTO will report third-quarter 2026 results after the market closes on October 27, 2026. The conference call is scheduled for October 28, 2026 at 9:00 a.m. ET.

After-hours price stays near EUR 18

CTO Realty Growth was trading at EUR 18.24 at Lang & Schwarz on October 8, 2026 at 9:36 p.m. CEST, plus 0.39 percent versus the prior close of EUR 18.17 on October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of CTO Realty Growth stock.