CTO Realty Growth, Inc. (CTO) 2009年年度报告「NYSE」.pdf

1、Annual Report 2009OPERATIONS2009200820073 YR AVGNet Income$800,570$4,834,900$13,532,838$6,389,436*EBDDT$4,531,135$7,924,025$19,390,631$10,615,264BASIC EARNINGS PER SHARENet Income$0.14$0.84$2.37$1.12*EBDDT$0.79$1.38$3.39$1.85FINANCIAL POSITIONSCash$266,669$851,552$11,251,376Investment Securities$4,9

2、66,864$5,260,868$10,193,094Income Properties$126,396,631$123,114,074$110,711,749Long-Term Debt$6,239,967$6,532,420$6,807,388Shareholders Equity$118,033,579$117,814,307$116,670,608ACRES SOLD1624486175AVG PRICE PER ACRE*$178,274$191,390$103,750$115,322Commercial$178,274$191,390$229,675$214,744Resident

3、ial$-$-$47,087$47,087*EBDDT-Earnings Before Depreciation,Amortization,and Deferred Taxes.EBDDT is not a measure of operating results or cashflows from operating activities as defined by U.S.generally accepted accounting principles.Further,EBDDT is not necessarilyindicative of cash availability to fu

4、nd cash needs and should not be considered as an alternative to cash flow as a measure of liquidity.The Company believes,however,that EBDDT provides relevant information about operations and is useful,along with net income,for an understanding of the Companys operating results.EBDDT is calculated by

5、 adding depreciation,amortization,and deferred income taxes to net income as they represent non-cash changes.*Average price per acre sold in any year is affected by the relative mix and type of commercial and residential land and does not includethe amount of wetlands sold in any year.AVERAGEPRICE/A

6、CRE*($in thousands)250.0200.0150.0100.050.00$103.7$191.4$115.3ACRES SOLD50040030020010004862417509 0807 3YRNET INCOME/EBDDT($in millions)$25.0$20.0$15.0$10.0$5.0$0$13.5$19.40908073YR$4.9$7.9$6.4$10.6FINANCIAL HIGHLIGHTS1609 0807 3YR$178.3$0.8$4.5StockSymbolCTO“Those who cannot learn from history are