CTO Realty Growth Inc 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromtoCommission file number 001-11350 CTO REALTY GROWTH, INC. (Exact name of registrant as specified in its charter) 59-0483700(I.R.S. EmployerIdentification No.) (407) 904-3324(Registrant’s telephone number, including area code) N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronicallyevery Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large Accelerated Filer☐Accelerated Filer☒Non-accelerated Filer☐Smaller Reporting Company☐Emerging Growth Company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in rule 12b-2 of the ExchangeAct).Yes☐No☒ As of April 21, 2026, there were 33,783,592 shares of the registrant’s common stock, $0.01 par value per share, outstanding. INDEX PART I—FINANCIAL INFORMATION Item1.Financial StatementsConsolidated Balance Sheets – March 31, 2026 (Unaudited) and December31, 20253Consolidated Statements of Operations – Three months ended March 31, 2026 and 2025(Unaudited)4Consolidated Statements of Comprehensive Income – Three months ended March 31, 2026and 2025 (Unaudited)5Consolidated Statements of Stockholders’ Equity – Three months ended March 31, 2026 and2025 (Unaudited)6Consolidated Statements of Cash Flows – Three months ended March 31, 2026 and 2025(Unaudited)7Notes to Consolidated Financial Statements (Unaudited)9Item2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations36Item3.Quantitative and Qualitative Disclosures About Market Risk45Item4.Controls and Procedures46PART II—OTHER INFORMATION46Item1.Legal Proceedings46Item1A.Risk Factors46Item2.Unregistered Sales of Equity Securities and Use of Proceeds46Item3.Defaults Upon Senior Securities46Item4.Mine Safety Disclosures46Item5.Other Information46Item6.Exhibits47SIGNATURES48 PART I—FINANCIAL INFORMATIONITEM1. FINANCIAL STATEMENTS CTO REALTY GROWTH, INC.CONSOLIDATED BALANCE SHEETS(In thousands, except share and per share data) CTO REALTY GROWTH, INC.CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited, in thousands, except share and per share data) CTO REALTY GROWTH, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Unaudited, in thousands) The accompanying notes are an integral part of these consolidated financial statements. CTO REALTY GROWTH, INC.CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(Unaudited, in thousands) For the three months ended March 31, 2026: For the three months ended March 31, 2025: The accompanying notes are an integral part of these consolidated financial statements. CTO REALTY GROWTH, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited, in thousands) Three Months Ended March 31,20262025Cash Flow from Operating Activities:Net Income Attributable to the Company$6,205$2,261Adjustments to Reconcile Net Income Attributable to the Company to Net CashProvided by Operating Activities:Depreciation and Amortization15,95614,364Amortization of Intangible Assets and Liabilities to Income Property Revenue(910)(449)Amortization of Deferred Financing Costs to Interest Expense341328Amortization of Discount on Convertible Debt—39Provision for Impairment and Adjustment to CECL Reserve(321)—Accretion of Commercial Loans and Investments Origination Fees(297)(164)Non-Cash Imputed Interest(5)(5)Deferred Income Taxes—(27)Unrealized Loss (Gain) on Investment Securities(2,136)165Non-Cash Compensation1,4061,283Decrease (Increase) in Assets:Refundable Income Taxes—35Other Assets(2,149)(722)Increase (Decrease) in Liabilities:Acc