CTO Realty Growth, Inc. (NYSE: CTO) announced on September 24, 2025 that its Board of Directors has approved a new $10 million common‑stock repurchase program, concluding a prior $5 million program that had repurchased approximately $4.3 million of the company’s shares over the past 60 days.
The new program authorizes the company to purchase up to $10 million of its common stock in open‑market transactions, block purchases, privately negotiated transactions, or through a trading plan in accordance with Rule 10b5‑1. The program is not a commitment to repurchase any specific dollar amount or number of shares and may be modified, suspended, or terminated at the company’s discretion based on market conditions and other factors.
By reducing the number of shares outstanding, the repurchase program can enhance earnings per share and signal management’s confidence in the company’s valuation. The program also reflects CTO’s disciplined capital management strategy, which has maintained liquidity and a net debt to EBITDA ratio of 6.9× as of June 30, 2025.
The company encourages investors to review its most recent investor presentation and supplemental financial information available on its website for additional context on how the repurchase program fits into its broader capital allocation framework.
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