CTO Realty Growth, Inc. (CTO) 2019年年度报告「NYSE」.pdf

1、2019 ANNUAL REPORTOUR 2020 VISION IS COMING INTO FOCUS(1)Land and Development Costs includes approximately$20.1 million and$38.9 million of identifiable assets related to discontinued real estate operations as of December 31,2018 and 2017,respectively.(2)Total historical cost of land,building and im

2、provements,and intangible lease assets and liabilities,including improvements made subsequent to acquisition.(3)As of December 31,2019,2018,and 2017,face value total debt(includes the convertible note at face value)was approximately$288.7 million,$250.3 million,and$200.00 million,respectively.FINANC

3、IAL HIGHLIGHTS 2019 2018 2017OPERATIONSNet Income$114,972,858$37,167,790$41,719,424BASIC EARNINGS PER SHARENet Income$23.03$6.76$7.53DIVIDENDS PER SHAREDeclared and Paid$0.44$0.27$0.18 SHARES OUTSTANDINGShares Outstanding 4,770,454 5,436,9525,584,335FINANCIAL POSITIONSBook Value per Share$59.83$38.9

4、5$32.98 Cash(including restricted cash)$135,737,853$22,031,964$13,067,540 Land and Development Costs(1)$6,732,291$25,764,633$39,477,697 Income Properties(2)$420,683,923$492,895,372$373,017,016Investments in Alpine IncomeProperty Trust Inc.(NYSE:PINE)$38,814,425$Total Debt(3)$287,218,303$247,624,811$

5、195,816,364 Shareholders Equity$285,413,422$211,761,473$184,178,208For the UK,2019 turned out to be a year of exits:There was the long-awaited BREXIT,the grueling process ofthe UK leaving the European Union;not to mention the unexpected MEGXIT in which Meghan Markel andPrince Harry fled to North Ame

6、rica.Consolidated-Tomoka Land Co.(the“Company”)had its own exits of sorts,in the form of LANDXIT andGOLFXIT.These were both long-awaited transactions that allowed the Company to catapult into almost 100%cash flow producing assets,thus providing the Company with even stronger free cash flow.Those two