secwatch.observer — SEC 8-K summary
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Issuer:     CTO Realty Growth, Inc. (CTO)
CIK:        0000023795
Form:       8-K/A
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001558370-23-000665
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTO Realty Growth files financial statements for $96M Forsyth property acquisition
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- Acquired The Collection at Forsyth, a mixed-use property in Atlanta, for $96.0 million on Dec 29, 2022.
- Property generated $12.4M lease revenue and $4.0M direct costs (2021); $9.5M revenue and $3.0M direct costs (9M 2022).
- Pro forma net income attributable to common stockholders: $0.27/sh for 9M 2022 and $1.71/sh for 2021.
- Acquisition funded with available cash and revolver draws; structured as reverse like-kind exchange.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23795/000155837023000665/0001558370-23-000665-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23795/000155837023000665/cto-20221229x8ka.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000665

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