---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-013088"
form_type: "8-K"
ticker: "CTO"
cik: "0000023795"
company_name: "CTO Realty Growth, Inc."
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T00:58:52.460414+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CTO Realty closes $100M unsecured term loan; YTD investments hit $273.8M at 9.1% yield

## Summary
- Entered $100M five-year unsecured term loan at SOFR+spread; initial effective fixed rate 4.7% after swapping existing hedges.
- YTD investment activity totals $273.8M (weighted avg yield 9.1%), exceeding full-year 2024 guidance; updated guidance on Oct 24 earnings.
- Originated $43.8M first mortgage loan with initial 2-year term, 11% fixed rate, and 1.25% origination fee; secured by mixed-use development land near Dulles.
- Raised $125.7M net via ATM program in Q3, issuing 6.9M shares at $18.63 weighted avg; quarter-end shares outstanding 29.97M.
- At quarter-end, ~$200M borrowing capacity remains on revolving credit facility; strengthened balance sheet and liquidity for growth.

## SEC filing metadata
- accession: 0001558370-24-013088
- form_type: 8-K
- ticker: CTO
- cik: 0000023795
- company_name: CTO Realty Growth, Inc.
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23795/000155837024013088/0001558370-24-013088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23795/000155837024013088/cto-20240930x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-013088
- JSON: https://secwatch.observer/filing/0001558370-24-013088.json
- Plain text: https://secwatch.observer/filing/0001558370-24-013088.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.