CTO Realty Growth, Inc. (CTO) Q1 2025 Earnings Call Transcript

CTO Realty Growth, Inc. (NYSE:CTO) Q1 2025 Earnings Conference Call May 2, 2025 9:00 AM ET

Company Participants

Jenna McKinney – Director of Finance
John Albright – President and Chief Executive Officer
Phil Mays – Senior Vice President, Chief Financial Officer and Treasurer

Conference Call Participants

RJ Milligan – Raymond James
Rob Stevenson – Janney Montgomery Scott
Matthew Erdner – JonesTrading
John Massocca – B. Riley Securities
Gaurav Mehta – Alliance Global Partners
Craig Kucera – Lucid Capital Markets

Operator

Good day, and thank you for standing by. Welcome to CTO Realty Growth’s First Quarter 2025 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Jenna McKinney, Director of Finance. Please go ahead.

Jenna McKinney

Good morning, everyone. And thank you for joining us today’s for CTO Reality Growth’s first quarter 2025 operating results conference call. I would like to remind everyone that many of our comments today are considered forward-looking statements under federal securities laws. The company’s actual future results may differ significantly from the matters discussed in these forward-looking statements, and we undertake no duty to update these statements. Factors and risks that could cause actual results to differ materially from expectations are disclosed from time to time in greater detail in the company’s Form 10-K, Form 10-Q and other SEC filings. You can find our SEC filings, earnings release, supplemental and most recent investor presentation on our website at ctoreit.com. With that, I will turn the call over to John.

John Albright

Thanks, Jenna. I am pleased to share that CTO produced another strong quarter across all areas of our business, once again, driven