PINE

WINTER PARK, Fla., Aug. 19, 2026 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.38 per share of common stock for the third quarter of 2026 (the “Common Stock Cash Dividend”). The Common Stock Cash Dividend represents an annualized yield of approximately 7.0% based on the closing price of the Company’s common stock on August 18, 2026. The Common Stock Cash Dividend is payable on September 30, 2026, to stockholders of record as of the close of business on September 10, 2026, and the ex-dividend date for the Common Stock Cash Dividend is September 10, 2026. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.39844 per share of the Company’s 6.375% Series A Cumulative Redeemable Preferred Stock for the third quarter of 2026, to be paid on September 30, 2026, to stockholders of record as of the close of business on September 10, 2026. About CTO Realty Growth, Inc. CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality shopping centers, located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT. Established in 1910, CTO has been public and paying an annual dividend for over 50 years. We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com. Safe Harbor Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can typically be identified by words such as “outlook,” “guidance,” “believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,” “project,” and similar expressions, as well as variations or negatives of these words. Although forward-looking statements are made based upon management’s present expectations and beliefs concerning future developments and their potential effect upon the Company, a number of factors could cause the Company’s actual results to differ materially from those set forth in the forward-looking statements. Such factors may include, but are not limited to: the Company’s ability to remain qualified as a REIT; the Company’s exposure to U.S. federal and state income tax law changes, including changes to the REIT requirements; general adverse economic and real estate conditions; macroeconomic and geopolitical factors, including but not limited to inflationary pressures, interest rate volatility, ongoing geopolitical war, distress in the banking sector, and global supply chain disruptions; credit risk associated with the Company investing in commercial loans, preferred equity, and similarly structured investments; the ultimate geographic spread, severity and duration of pandemics, actions that may be taken by governmental authorities to contain or address the impact of such pandemics, and the potential negative impacts of such pandemics on the global economy and the Company’s financial condition and results of operations; the inability of major tenants or borrowers to continue paying their rent or obligations due to bankruptcy, insolvency or a general downturn in their business; the loss or failure, or decline in the business or assets of PINE; the completion of 1031 exchange transactions; the availability of investment properties that meet the Company’s investment goals and criteria; the uncertainties associated with obtaining required governmental permits and satisfying other closing conditions for planned acquisitions and sales; and the uncertainties and risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances. CONTACT: Contact: Investor Relations [email protected]

– Closed $153 million of investments at a weighted average initial yield of 10.2% –– Raises Investment Guidance to $300 million to $400 million –– Increases 2026 Core FFO Per Diluted Share Guidance to $2.09 to $2.13 – WINTER PARK, Fla., July 28, 2026 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”), an owner and operator of shopping centers located primarily in higher-growth markets, today announced its operating and financial results for the quarter ended June 30, 2026. Net Income attributable to common stockholders was $0.38 per diluted share for the second quarter. Second Quarter 2026 Highlights Core Funds from Operations (“Core FFO”) attributable to common stockholders of $0.53 per diluted share. Adjusted Funds from Operations (“AFFO”) attributable to common stockholders of $0.55 per diluted share. Executed 184,000 square feet of comparable retail leases at a positive cash rent spread of 6%. Acquired Gallery on the Parkway, a 152,000 square foot open-air retail center anchored by Dick’s House of Sport located in Dallas, Texas, for $53.3 million. Invested $75.0 million of preferred equity in a Class A premier retail property located in the Southwest. The investment generates a 12.0% initial cash yield, with a two-year term. Invested $21.4 million of preferred equity in a Whole Foods-anchored retail development located in the Northeast. The investment generates a 12.0% initial yield, including 3.0% accrued PIK, with an 18-month term. Completed $90.7 million of property dispositions at a weighted average exit cash cap rate of 6.7%. Under contract to sell, subject to certain closing conditions, 76,500 square feet formerly leased to Value City Furniture and Jo-Ann Fabrics at Carolina Pavilion, located in Charlotte, North Carolina, to a national retailer. Income from Alpine Income Property Trust (NYSE: PINE) for the quarter was $2.1 million, consisting of $1.4 million in management fees and $0.7 million in dividend income. Prospectively, the new annualized run-rate for income from PINE is $8.9 million as of June 30, 2026, consisting of $5.7 million in management fees and $3.2 million in dividend income. Issued 4,183,616 common shares under our common stock ATM program at a weighted average gross price of $20.29 per share, for total net proceeds of $83.6 million. “We delivered another strong quarter, deploying $153 million of capital at a weighted average initial yield of 10.2% and strong same-property NOI growth,” stated John P. Albright, President and Chief Executive Officer of CTO Realty Growth. “We believe that the acquisition of Gallery on the Parkway in Dallas, together with our structured investment activity during the quarter, reflects our disciplined strategy of acquiring and financing high-quality, well-located retail centers predominantly in our core growth markets. With a robust acquisition pipeline and meaningful embedded NOI growth across the portfolio, we believe that the Company is well positioned to deliver continued earnings growth into 2027.” Second Quarter and Year-to-Date June 30, 2026 Portfolio Performance Retail Leasing Activity During the three months ended June 30, 2026, the Company executed 25 new leases, renewals and extensions totaling 213,000 square feet. On a comparable space basis, the Company executed 184,000 square feet of leases at an average cash rent spread increase of 6%. During the six months ended June 30, 2026, the Company executed 50 new leases, renewals and extensions totaling 366,000 square feet. On a comparable space basis, the Company executed 330,000 square feet of leases at an average cash rent spread increase of 10%. Same Property NOI During the three months ended June 30, 2026, shopping center same property NOI increased by 10.1% versus the comparable 2025 period. During the six months ended June 30, 2026, shopping center same property NOI increased by 8.2% versus the comparable 2025 period. Excluding certain non-recurring recovery benefits, shopping center same property NOI increased by 7.0% versus the comparable 2025 period. Including other/non-core properties, same-property NOI increased by 6.7% for the second quarter and 4.5% for the six months ended June 30, 2026. This growth was impacted by one tenant vacating 98,000 of our 212,000 square feet Albuquerque, New Mexico property in December 2025. As previously announced, this vacancy was leased by the State of New Mexico which is expected to commence paying rent in late 2026. Occupancy As of June 30, 2026, total property portfolio leased occupancy was 95.4%, up 150 basis points compared to June 30, 2025, and a decrease of 50 basis points compared to December 31, 2025. As of June 30, 2026, same-property shopping center portfolio leased occupancy was 95.0%, up 60 basis points compared to June 30, 2025. Second Quarter and Year-to-Date June 30, 2026 Investment and Disposition Activity Investment Activity During the three months ended June 30, 2026, completed $152.6 million of investments at a weighted average yield of 10.2% consisting of: During the six months ended June 30, 2026, completed $234.2 million of investments at a weighted average yield of 9.5%. Subsequent to June 30, 2026, on July 15, 2026, the Company originated a $37.0 million loan, of which $29.8 million was funded at closing. The investment is secured by a leasehold interest in a mixed-use property located in Austin, Texas, generates a 9.75% initial cash yield, and has a two-year term. Disposition Activity During the three months ended June 30, 2026, completed $90.7 million of property dispositions at a weighted average exit cash cap rate of 6.7%, generating aggregate gains of $2.1 million. Additionally, during the six months ended June 30, 2026, the Company’s preferred investment in Watters Creek Village, a grocery-anchored, mixed-use property located in Allen, Texas, was repaid in full for $30.0 million. Balance Sheet and Liquidity Balance sheet highlights as of June 30, 2026, included: Total liquidity of $131.8 million, consisting of $107.0 million of undrawn commitments and $24.8 million of cash on hand. Total borrowings of $660.8 million at a weighted average interest rate of 4.6%, including $643.0 million of unsecured borrowings and a $17.8 million mortgage payable. Net Debt to Pro Forma Adjusted EBITDA of 5.8 times, a decrease from 6.4 times as of March 31, 2026. During the quarter ended June 30, 2026, the Company issued 4,183,616 common shares under its common stock ATM program at a weighted average gross price of $20.29 per share, for total net proceeds of $83.6 million. During the six months ended June 30, 2026, the Company issued 4,917,499 common shares under its common stock ATM program at a weighted average gross price of $20.18 per share, for total net proceeds of $97.8 million. The Company’s only 2026 loan maturity is a $17.8 million mortgage note payable, maturing in August at an interest rate of 4.06%. 2026 Outlook The Company is revising its 2026 outlook. The Company’s 2026 guidance is based on current plans and a number of assumptions and is subject to risks and uncertainties, many of which are outside the Company’s control, and are more fully described in this press release and in the Company's reports filed with the U.S. Securities and Exchange Commission. The Company has raised its 2026 outlook as follows: The Company’s revised 2026 outlook includes but is not limited to the following assumptions (dollars in millions): Reconciliation of the outlook range of the Company’s 2026 estimated Net Income Attributable to the Company per Diluted Share to estimated Core FFO Attributable to Common Stockholders per Diluted Share, and AFFO Attributable to Common Stockholders per Diluted Share: Earnings Conference Call & Webcast The Company will host a conference call to present its operating results for the second quarter ended June 30, 2026, on Wednesday, July 29, 2026 at 9:00 AM ET. A live webcast of the call will be available on the Investor Relations page of the Company’s website at www.ctoreit.com or at the link provided in the event details below. To access the call by phone, please go to the registration link provided in the event details below and you will be provided with dial-in details. Event Details: We encourage participants to register and dial into the conference call at least fifteen minutes ahead of the scheduled start time. A replay of the earnings call will be archived and available online through the Investor Relations section of the Company’s website at www.ctoreit.com. About CTO Realty Growth, Inc. CTO Realty Growth, Inc. is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality shopping centers, located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE), a publicly traded net lease REIT. We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com. Safe Harbor Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can typically be identified by words such as “outlook,” “guidance,” “believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,” “project,” and similar expressions, as well as variations or negatives of these words. Although forward-looking statements are made based upon management’s present expectations and beliefs concerning future developments and their potential effect upon the Company, a number of factors could cause the Company’s actual results to differ materially from those set forth in the forward-looking statements. Such factors may include, but are not limited to: the Company’s ability to remain qualified as a REIT; the Company’s exposure to U.S. federal and state income tax law changes, including changes to the REIT requirements; general adverse economic and real estate conditions; macroeconomic and geopolitical factors, including but not limited to inflationary pressures, interest rate volatility, ongoing geopolitical war, distress in the banking sector, and global supply chain disruptions; credit risk associated with the Company investing in commercial loans, preferred equity, and similarly structured investments; the ultimate geographic spread, severity and duration of pandemics, actions that may be taken by governmental authorities to contain or address the impact of such pandemics, and the potential negative impacts of such pandemics on the global economy and the Company’s financial condition and results of operations; the inability of major tenants or borrowers to continue paying their rent or obligations due to bankruptcy, insolvency or a general downturn in their business; the loss or failure, or decline in the business or assets of PINE; the completion of 1031 exchange transactions; the availability of investment properties that meet the Company’s investment goals and criteria; the uncertainties associated with obtaining required governmental permits and satisfying other closing conditions for planned acquisitions and sales; and the uncertainties and risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances. Non-GAAP Financial Measures Our reported results are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). We also disclose Funds From Operations (“FFO”), Core Funds From Operations (“Core FFO”), Adjusted Funds From Operations (“AFFO”), Pro Forma Earnings Before Interest, Taxes, Depreciation and Amortization (“Pro Forma Adjusted EBITDA”), and Same-Property Net Operating Income (“Same-Property NOI”), each of which are non-GAAP financial measures. We believe these non-GAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. FFO, Core FFO, AFFO, Pro Forma Adjusted EBITDA, and Same-Property NOI do not represent cash generated from operating activities and are not necessarily indicative of cash available to fund cash requirements; accordingly, they should not be considered alternatives to net income as a performance measure or cash flows from operating activities as reported on our statement of cash flows as a liquidity measure and should be considered in addition to, and not in lieu of, GAAP financial measures. We compute FFO in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts, or NAREIT. NAREIT defines FFO as GAAP net income or loss adjusted to exclude real estate related depreciation and amortization, as well as extraordinary items (as defined by GAAP) such as net gain or loss from sales of depreciable real estate assets, impairment write-downs associated with depreciable real estate assets and impairments associated with the current expected credit losses on commercial loans and investments at the time of origination and repayment, including the pro rata share of such adjustments of unconsolidated subsidiaries. The Company also excludes the gains or losses from sales of assets incidental to the primary business of the REIT which specifically include the sales of investment securities (which are presented net of income tax expense or benefit, if applicable), in addition to the mark-to-market of the Company’s investment securities. To derive Core FFO, we modify the NAREIT computation of FFO to include other adjustments to GAAP net income related to gains and losses recognized on the extinguishment of debt, amortization of above- and below-market lease related intangibles, and other unforecastable market- or transaction-driven non-cash items. To derive AFFO, we further modify the NAREIT computation of FFO and Core FFO to include other adjustments to GAAP net income related to non-cash revenues and expenses such as straight-line rental revenue, non-cash compensation, and other non-cash amortization. Such items may cause short-term fluctuations in net income but have no impact on operating cash flows or long-term operating performance. We use AFFO as one measure of our performance when we formulate corporate goals. To derive Pro Forma Adjusted EBITDA, GAAP net income or loss attributable to the Company is adjusted to exclude real estate related depreciation and amortization, as well as extraordinary items (as defined by GAAP) such as net gain or loss from sales of depreciable real estate assets, impairment write-downs associated with depreciable real estate assets, impairments associated with the current expected credit losses on commercial loans and investments at the time of origination and repayment, including the pro rata share of such adjustments of unconsolidated subsidiaries, non-cash revenues and expenses such as straight-line rental revenue, amortization of deferred financing costs, gains and losses recognized on the extinguishment of debt, above- and below-market lease related intangibles, non-cash compensation, other non-recurring items such as termination fees, forfeitures of tenant security deposits, and other non-recurring items, and other non-cash income or expense. The Company also excludes the gains or losses from sales of assets incidental to the primary business of the REIT which specifically include the sales of investment securities (which are presented net of income tax expense or benefit, if applicable), in addition to the mark-to-market of the Company’s investment securities. Cash interest expense is also excluded from Pro Forma Adjusted EBITDA, and GAAP net income or loss is adjusted for the annualized impact of acquisitions, dispositions and other similar activities. To derive Same-Property NOI, GAAP net income or loss attributable to the Company is adjusted to exclude real estate related depreciation and amortization, as well as extraordinary items (as defined by GAAP) such as net gain or loss from sales of depreciable real estate assets, impairment write-downs associated with depreciable real estate assets, impairments associated with the current expected credit losses on commercial loans and investments at the time of origination and repayment, including the pro rata share of such adjustments of unconsolidated subsidiaries, non-cash revenues and expenses such as straight-line rental revenue, amortization of deferred financing costs, gains and losses recognized on the extinguishment of debt, above- and below-market lease related intangibles, non-cash compensation, other non-recurring items such as termination fees, forfeitures of tenant security deposits, and other non-recurring items, and other non-cash income or expense. Interest expense, general and administrative expenses, investment and other income or loss, income tax benefit or expense, management fee income, and interest income from commercial loans and investments are also excluded from Same-Property NOI. GAAP net income or loss is further adjusted to remove the impact of properties that were not owned for the full current and prior year reporting periods presented. Cash rental income received under the leases pertaining to the Company’s assets that are presented as commercial loans and investments in accordance with GAAP is also used in lieu of the interest income equivalent. FFO is used by management, investors and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers primarily because it excludes the effect of real estate depreciation and amortization and net gains or losses on sales, which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time, rather than fluctuating based on existing market conditions. We believe that Core FFO and AFFO are additional useful supplemental measures for investors to consider because they will help them to better assess our operating performance without the distortions created by other non-cash revenues or expenses. We also believe that Pro Forma Adjusted EBITDA is an additional useful supplemental measure for investors to consider as it allows for a better assessment of our operating performance without the distortions created by other non-cash revenues, expenses or certain effects of the Company’s capital structure on our operating performance. We use Same-Property NOI to compare the operating performance of our assets between periods. It is an accepted and important measurement used by management, investors and analysts because it includes all property-level revenues from the Company’s properties, less operating and maintenance expenses, real estate taxes and other property-specific expenses (“Net Operating Income” or “NOI”) of properties that have been owned and stabilized for the entire current and prior year reporting periods. Same-Property NOI attempts to eliminate differences due to the acquisition or disposition of properties during the particular period presented, and therefore provides a more comparable and consistent performance measure for the comparison of the Company’s properties. FFO, Core FFO, AFFO, Pro Forma Adjusted EBITDA, and Same-Property NOI may not be comparable to similarly titled measures employed by other companies.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved 32% AFFO per share growth year-over-year, primarily driven by the strategic expansion of the commercial loan portfolio to its 20% target allocation. Strengthened the portfolio's credit profile by increasing investment-grade tenant exposure from 50% to 55% through acquisitions that were 84% investment-grade rated. Maintained a high-quality property portfolio with 99.5% occupancy and a weighted average lease term of 9.2 years across 128 properties. Utilized a 'real estate first' approach to lending, focusing on grocery-anchored retail developments that provide attractive yields and potential future acquisition pipelines. Recycled capital by receiving full repayment on $8 million of lower-yielding loans and reinvesting into higher-yielding opportunities. Managed G&A expenses efficiently at approximately 10% of revenue, which management noted is lower than the 12-13% average for peers of similar market capitalization. Raised the low end of full-year FFO and AFFO guidance, reflecting confidence in earnings growth and the impact of recent investment activity. Lowered disposition volume expectations to a range of $20 million to $40 million as management waits for lease renewals to maximize asset valuations. Anticipates a temporary decline in the AFFO run rate to approximately $0.52 per share due to the expiration of favorable interest rate swaps and the timing of equity issuance. Expects the commercial loan portfolio to remain at or below the 20% undepreciated asset value cap, with future growth primarily driven by net lease property acquisitions. Projected investment activity for the remainder of the year is focused on high-quality credits with cap rates targeted in the 7% range or higher. Authorized a 6.7% increase in the quarterly common dividend to $0.32 per share, driven by growth in taxable income and a low 55% AFFO payout ratio. Recorded $300,000 in other income from a non-refundable deposit after a buyer terminated a contract to purchase an At Home property following the tenant's lease renewal. Executed a $100 million SOFR swap at 3.36% to replace a maturing 2.05% swap, resulting in a 130 basis point increase in interest expense for that debt portion. Identified a single material vacancy at a former Party City location, which now has a signed lease pending local permitting. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management confirmed they will not exceed the 20% target for loans; any temporary breach would only be due to timing between new originations and expected payoffs. Future capital allocation will prioritize net lease real estate, funded initially through the credit line and supplemented by selective dispositions and equity. The decrease in expected sales is a timing issue related to ongoing lease extensions with existing tenants. Management intends to finalize these renewals first to achieve better cap rate valuations and extract maximum value from the assets before selling. The acquisition of an Alamo Drafthouse was viewed favorably because it is a ground lease backed by Sony's A+ credit in a strong market (Denver). Management noted the theater industry is becoming healthier, citing percentage rent trends at other properties, but they remain disciplined on risk-adjusted yields. The guidance remains conservative because some deals in the pipeline were recently passed over during the due diligence phase. While the pipeline is currently strong and active, management accounts for the fact that not all potential acquisitions will meet their final requirements.

Interested in Alpine Income Property Trust, Inc.? Here are five stocks we like better. Second-quarter results jumped, with FFO up about 30% and AFFO up about 32% year over year. Alpine reported FFO of $0.57 per share and AFFO of $0.58 per share, supported by higher lease and commercial loan income. Investment activity expanded as the company completed about $77 million of deals in the quarter, including $36.6 million of property acquisitions at a 7.4% initial cap rate and a $40 million first-mortgage loan. Alpine said its investment-grade tenant mix improved, with such tenants now accounting for 55% of annualized base rent. Guidance and dividend were raised, with full-year 2026 FFO and AFFO outlooks increased to $2.10-$2.13 and $2.12-$2.15 per share, respectively. The board also approved a 6.7% dividend increase to $0.32 per share starting in the third quarter. Alpine Income Property Trust (NYSE:PINE) reported second-quarter 2026 funds from operations and adjusted funds from operations growth of about 30% and 32%, respectively, as investment activity expanded its property and commercial loan portfolios. FFO totaled $0.57 per diluted share for the quarter, while AFFO was $0.58 per diluted share. Total revenue was $20 million, including $12.6 million of lease income and $7.3 million of interest income from commercial loan investments. For the first six months of 2026, FFO and AFFO were $1.10 and $1.11 per diluted share, respectively, while total revenue reached $38.4 million. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Chief Financial Officer Philip Mays said quarterly results included about $300,000 of other income from a non-refundable deposit related to a terminated contract to sell an At Home property to an end user. The amount represented roughly $0.02 per share of earnings, he said. President and Chief Executive Officer John Albright said the company completed approximately $77 million of total investment activity during the quarter at a blended initial yield of 8.7%. → GE Vernova Just Sent a Mixed AI Signal to Investors On the property side, Alpine acquired three properties for $36.6 million at a weighted average initial capitalization rate of 7.4% and a weighted average remaining lease term of 9.2 years. The purchases included a three-property portfolio leased to Aldi, HomeGoods and Petco, as well as properties leased to Lowe’s and Alamo Drafthouse. Alamo Drafthouse is a subsidiary of Sony Group Corporation, which Albright described as A+ rated. The acquisition activity increased the share of annualized base rent attributable to investment-grade-rated tenants to 55% from 50%. Alpine said 84% of the quarter’s acquisition activity was investment grade. Four of its five largest tenants—Lowe’s, Dick’s Sporting Goods, Walmart and Alamo Drafthouse—were investment grade at quarter-end. → D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? Alpine’s property portfolio ended the quarter with 128 properties totaling 4.5 million square feet across 31 states. Occupancy was 99.5%, the weighted average lease term was 9.2 years, and annualized straight-line base rent was $50 million. Albright said the company expects to concentrate new activity primarily in net-lease real estate, with acquisition targets generally carrying cap rates in the 7% range or higher. He said the investment pipeline includes high-quality properties leased to investment-grade tenants and that some acquisitions expected in the prior quarter had been delayed. During the quarter, Alpine originated a new $40 million first-mortgage loan, funding $6.2 million at an initial yield of 10%. The loan is secured by a 24-acre, 55,000-square-foot anchored retail development. The company also received full repayment on $8 million of commercial loans with an 8% weighted average yield, allowing it to reinvest capital into higher-yielding opportunities. At quarter-end, the commercial loan portfolio consisted of 13 loans with an outstanding face amount of $167 million and a weighted average coupon rate, including payment-in-kind interest, of 13.2%. The portfolio represented approximately 20% of total undepreciated asset value, the company’s targeted level. Albright said Alpine does not expect the loan portfolio to move materially above the 20% target other than temporarily because of timing. He said the company has some expected loan payoffs and is evaluating one additional, modest-sized development loan. Management said significant unfunded loan commitments are expected to be drawn primarily over the next six months, particularly for Publix-anchored developments. Albright said Alpine generally targets higher loan-to-cost levels for these projects, while expecting stabilized loan-to-value ratios of roughly 70% to 75% after development and sales of pad sites. Alpine used its at-the-market equity programs during the quarter, issuing approximately 1.1 million common shares for net proceeds of $21.7 million and about 156,000 Series A preferred shares for net proceeds of $3.9 million. Year to date, the company raised a combined $61.7 million through the programs. Net debt to pro forma adjusted EBITDA declined to 6.4 times at quarter-end from 6.6 times in the prior quarter. The company had $369.5 million of debt outstanding at a weighted average interest rate of 4.38%, including swaps, and approximately $83 million of available liquidity including cash. Following a credit facility recast earlier in the year, Alpine said it has no debt maturities until 2029. Mays noted that $100 million of SOFR swaps tied to the company’s 2029 term loan matured in May and were replaced with swaps fixing SOFR at 3.36% for the remaining term. He also said another swap transition associated with the 2031 term loan is expected near the end of January and is expected to increase the applicable rate by roughly 130 to 140 basis points. The board authorized a 6.7% increase in Alpine’s quarterly common dividend to $0.32 per share beginning in the third quarter, compared with $0.30 per share paid in the second quarter. Albright said the new dividend represented a 55% AFFO payout ratio based on second-quarter AFFO. Mays said the increase was driven by growth in taxable income and the company’s goal of fully distributing taxable income. Alpine raised the low end of its full-year outlook. The company now expects 2026 FFO of $2.10 to $2.13 per diluted share and AFFO of $2.12 to $2.15 per diluted share. The company maintained its investment-volume assumption of $170 million to $200 million, while reducing expected disposition volume to $20 million to $40 million from a prior range of $30 million to $60 million. Albright said the lower disposition outlook was primarily a timing matter, as the company seeks lease extensions or renewals on certain properties before selling them to pursue better valuations. Management said the company’s principal vacancy remains a former Party City property in Long Island, where it has signed a lease with a new tenant pending permitting. Alpine said it expects the property could resume producing income in early 2027, or potentially late in 2026. Alpine Income Property Trust, Inc is a publicly traded real estate investment trust that specializes in acquiring, owning and managing single-tenant net lease properties. The company focuses on sale-leaseback and build-to-suit transactions with food and beverage companies, targeting facilities that support production, distribution and processing operations. By structuring long-term, triple-net leases, Alpine Income Property Trust seeks to deliver stable, predictable cash flow while allowing tenants to unlock capital from real estate assets and reinvest in their core businesses. The company’s portfolio is diversified across multiple U.S. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Alpine Income Property Trust Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. AFFO Growth: 32% growth in AFFO per diluted share compared to the same quarter last year. Total Investment Activity: Approximately $77 million at a blended initial yield of 8.7%. Annualized Base Rent: Grew to $50 million at quarter end. Property Acquisitions: Acquired three properties for $36.6 million at a weighted average initial cap rate of 7.4%. Commercial Loan Portfolio: Consisted of 13 loans with an outstanding face amount of $167 million and a weighted average coupon rate of 13.2%. Revenue: Total revenue of $20 million, including lease income of $12.6 million and interest income from commercial loan investments of $7.3 million. FFO and AFFO: FFO was $0.57 per diluted share, and AFFO was $0.58 per diluted share. Dividend Increase: Quarterly common dividend increased by 6.7% to $0.32 per share. Net Debt to EBITDA: 6.4 times at quarter end. Debt Outstanding: $369.5 million at a weighted average interest rate of 4.38%. Available Liquidity: Approximately $83 million at quarter end. Guidance Update: Increased FFO range to $2.10 to $2.13 per diluted share and AFFO range to $2.12 to $2.15 per diluted share for the full year 2026. Warning! GuruFocus has detected 10 Warning Signs with PINE. Is PINE fairly valued? Test your thesis with our free DCF calculator. Release Date: July 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Alpine Income Property Trust Inc (NYSE:PINE) reported a 32% growth in AFFO per diluted share compared to the same quarter last year. The company completed approximately $77 million of total investment activity at a blended initial yield of 8.7%. The property portfolio's annualized base rent grew to $50 million, with 55% attributable to investment-grade-rated tenants. The Board authorized a 6.7% increase in the quarterly common dividend to $0.32 per share, reflecting earnings growth and a low 55% AFFO payout ratio. The commercial loan portfolio achieved a weighted average coupon rate of 13.2%, enhancing the overall yield on total assets. The company has a high net debt to pro forma adjusted EBITDA ratio of 6.4 times, although it has decreased from previous quarters. Interest rate swaps increased the cost of debt, with one swap moving up by 130 basis points during the quarter. The disposition volume expectations were lowered, indicating potential challenges in selling assets at desired values. The AFFO run rate is expected to decrease due to one-time revenue items and increased expenses not fully reflected in the current quarter. The company has a significant amount of unfunded loan commitments, which could impact liquidity if fully drawn. Q: How does Alpine Income Property Trust plan to manage its loan portfolio, which is nearing the 20% cap of total assets? A: John Albright, President and CEO, stated that the company has a strong pipeline of net lease investments and does not plan to exceed the 20% cap on the loan portfolio. If the loan portfolio temporarily exceeds 20%, it will be due to timing issues, as there are payoffs expected. Philip Mays, CFO, added that acquisitions will initially be financed through the line of credit, with potential for disposals or equity issuance if appropriate. Q: Why did Alpine Income Property Trust revise its disposition guidance lower, and what factors are influencing this decision? A: John Albright explained that the revision is due to timing issues related to tenants expressing interest in extending their lease terms. The company aims to enhance property value by securing lease renewals or extensions, which can lead to better cap rate valuations. Q: Can you explain the impact of one-time items on the AFFO run rate and how it might change going forward? A: Philip Mays noted that the reported AFFO of $0.58 per share included a $300,000 non-refundable deposit from a terminated sale contract, which contributed about $0.02 per share. Additionally, interest rate swaps increased costs, and equity issuance during the quarter will affect future management fees. Adjusting for these factors, the new AFFO run rate is approximately $0.52 per share. Q: What is the company's strategy regarding investment-grade tenant exposure, and is there a target percentage for this exposure? A: John Albright stated that while there is no hard target, the current 55% exposure to investment-grade tenants is likely near the high end. The company aims to maintain a target of 50%-plus investment-grade exposure. Q: How does Alpine Income Property Trust view the current acquisition environment, and what is the outlook for investment activity? A: John Albright mentioned that the acquisition pipeline is strong, with high-quality opportunities. The company is being conservative with its guidance due to past experiences where expected acquisitions did not materialize. The focus remains on high-quality credits and properties with cap rates in the sevens. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

– Completed Approximately $77 Million of Gross Investment Activity at 9% Blended Initial Yield –– Increases Upcoming Quarterly Common Stock Dividend by 6.7% – WINTER PARK, Fla., July 23, 2026 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company” or “PINE”), an owner and operator of single tenant net leased commercial income properties, today announced its operating results and earnings for the three and six months ended June 30, 2026. Second Quarter 2026 Highlights Operating results for the three and six months ended June 30, 2026 and 2025 (dollars in thousands, except per share data): __________________________ “We continued to execute on our growth strategy in the second quarter, completing approximately $77 million of investments at an attractive blended yield of nearly 9%,” said John P. Albright, President and Chief Executive Officer of Alpine Income Property Trust. “With this activity, our property portfolio ABR grew to $50 million at quarter end, with 55% attributable to investment grade rated tenants. Further, we opportunistically utilized our ATM program to source capital and further support our liquidity position.” Investment Activity Investments for the three and six months ended June 30, 2026 (dollars in thousands): __________________________ Disposition Activity Dispositions for the three and six months ended June 30, 2026 (dollars in thousands): Investments The Company’s property and commercial loan portfolios consisted of the following as of June 30, 2026: __________________________ The Company’s property portfolio included the following top tenants that represent 2.0% or greater of the Company's total ABR as of June 30, 2026: The Company’s property portfolio consisted of the following top industries that represent 2.0% or greater of the Company's total ABR as of June 30, 2026: The Company’s property portfolio included properties in the following top states that represent 2.0% or greater of the Company’s total ABR as of June 30, 2026: Balance Sheet and Capital Markets The Revolving Credit Facility has commitments for up to $250.0 million; however, borrowing availability is based on an unencumbered asset value, as defined in the underlying credit agreement. As of June 30, 2026, the Company had an outstanding balance of $169.5 million under the Revolving Credit Facility and $80.5 million of additional borrowing availability based on unencumbered asset value as of June 30, 2026. During the three months ended June 30, 2026, the Company issued 1,139,351 common shares under its common stock ATM offering program at a weighted average gross price of $19.31 per share, for total net proceeds of $21.7 million. During the three months ended June 30, 2026, the Company issued 156,302 preferred shares under its Series A Preferred Stock ATM offering program at a weighted average gross price of $25.18 per share, for total net proceeds of $3.9 million. During the six months ended June 30, 2026, the Company issued 2,801,075 common shares under its common stock ATM offering program at a weighted average gross price of $19.31 per share, for total net proceeds of $53.3 million. During the six months ended June 30, 2026, the Company issued 342,540 preferred shares under its Series A Preferred Stock ATM offering program at a weighted average gross price of $25.17 per share, for total net proceeds of $8.4 million.The Company’s long-term debt as of June 30, 2026 (dollars in thousands): __________________________ As of June 30, 2026, the Company held a 93.5% common interest in Alpine Income Property OP, LP, the Company’s operating partnership (the “Operating Partnership” or “OP”). There were 1,223,854 common OP Units held by third parties outstanding and 17,595,168 shares of the Company’s common stock outstanding for a combined total of 18,819,022 shares of common stock and common OP Units held by third parties as of June 30, 2026. Dividends The Company’s dividends for the three and six months ended June 30, 2026: The Company announced today that its Board of Directors has authorized a quarterly cash dividend of $0.320 per share of common stock for the third quarter of 2026, which represents a 6.7% increase as compared to the Company’s previous quarterly cash dividend of $0.300 per share of common stock. The common stock cash dividend is payable on September 30, 2026 to stockholders of record as of the close of business on September 10, 2026. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.500 per share of the Company’s 8.000% Series A Cumulative Redeemable Preferred Stock for the third quarter of 2026, to be paid on September 30, 2026 to stockholders of record as of the close of business on September 10, 2026. 2026 Outlook The Company is revising its 2026 outlook. The Company’s 2026 guidance is based on current plans and a number of assumptions and is subject to risks and uncertainties, many of which are outside the Company’s control, and are more fully described in this press release and the Company's reports filed with the U.S. Securities and Exchange Commission. Further, the Company’s 2026 outlook does not reflect the impact of any incentive management fee that may be due to our manager based on stockholder return for the calendar year. The Company’s revised outlook for 2026 is as follows: __________________________ Reconciliation of the outlook range of the Company’s 2026 estimated Net Income per Diluted Share to estimated FFO Attributable to Common Stockholders per Diluted Share, and AFFO Attributable to Common Stockholders per Diluted Share: __________________________ Second Quarter 2026 Earnings Conference Call & Webcast The Company will host a conference call to present its operating results for the three and six months ended June 30, 2026, on Friday, July 24, 2026 at 9:00 AM ET. A live webcast of the call will be available on the Investor Relations page of the Company’s website at www.alpinereit.com or at the link provided in the event details below. To access the call by phone, please go to the link provided in the event details below and you will be provided with dial-in details. We encourage participants to dial into the conference call at least fifteen minutes ahead of the scheduled start time. A replay of the earnings call will be archived and available online through the Investor Relations section of the Company’s website at www.alpinereit.com. About Alpine Income Property Trust, Inc. Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants. The Company also complements its income property portfolio by strategically investing in a select portfolio of commercial loan investments intended to deliver an attractive risk-adjusted return. We encourage you to review our most recent investor presentation which is available on our website at http://www.alpinereit.com. Safe Harbor This press release may contain “forward-looking statements.” Forward-looking statements include statements that may be identified by words such as “outlook,” “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include general business and economic conditions, continued volatility and uncertainty in the credit markets and broader financial markets, geopolitical conflicts, tariffs and international trade policies, risks inherent in the real estate business, including tenant or borrower defaults, potential liability relating to environmental matters, credit risk associated with the Company investing in commercial loans and investments, illiquidity of real estate investments and potential damages from natural disasters, the impact of epidemics or pandemics on the Company’s business and the businesses of its tenants and borrowers and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally, other factors affecting the Company’s business or the businesses of its tenants and borrowers that are beyond the control of the Company or its tenants or borrowers, and the factors set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Non-GAAP Financial Measures Our reported results are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). We also disclose Funds From Operations (“FFO”), Adjusted Funds From Operations (“AFFO”), and Pro Forma Earnings Before Interest, Taxes, Depreciation and Amortization (“Pro Forma Adjusted EBITDA”), all of which are non-GAAP financial measures. We believe these non-GAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of REITs. FFO, AFFO, and Pro Forma Adjusted EBITDA do not represent cash generated from operating activities and are not necessarily indicative of cash available to fund cash requirements; accordingly, they should not be considered alternatives to net income or loss as a performance measure or cash flows from operations as reported on our statement of cash flows as a liquidity measure and should be considered in addition to, and not in lieu of, GAAP financial measures. We compute FFO in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts, or NAREIT. NAREIT defines FFO as GAAP net income or loss adjusted to exclude real estate related depreciation and amortization, as well as extraordinary items (as defined by GAAP) such as net gain or loss from sales of depreciable real estate assets, impairment write-downs associated with depreciable real estate assets and impairments associated with the implementation of current expected credit losses on commercial loans and investments at the time of origination, including the pro rata share of such adjustments of unconsolidated subsidiaries. To derive AFFO, we further modify the NAREIT computation of FFO to include other adjustments to GAAP net income related to non-cash revenues and expenses such as loss on extinguishment of debt, amortization of above- and below-market lease related intangibles, straight-line rental revenue, amortization of deferred financing costs, non-cash compensation, and other non-cash adjustments to income or expense. Such items may cause short-term fluctuations in net income or loss but have no impact on operating cash flows or long-term operating performance. We use AFFO as one measure of our performance when we formulate corporate goals. To derive Pro Forma Adjusted EBITDA, GAAP net income or loss is adjusted to exclude extraordinary items (as defined by GAAP), net gain or loss from sales of depreciable real estate assets, impairment write-downs associated with depreciable real estate assets and impairments associated with the implementation of current expected credit losses on commercial loans and investments at the time of origination and/or payoff, and real estate related depreciation and amortization including the pro rata share of such adjustments of unconsolidated subsidiaries, non-cash revenues and expenses such as straight-line rental revenue, amortization of deferred financing costs, loss on extinguishment of debt, above- and below-market lease related intangibles, non-cash compensation, other non-cash income or expense, and other non-recurring items such as disposition management fees and commission fees. Cash interest expense is also excluded from Pro Forma Adjusted EBITDA, and GAAP net income or loss is adjusted for the annualized impact of acquisitions, dispositions and other similar activities. FFO is used by management, investors and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers primarily because it excludes the effect of real estate depreciation and amortization and net gains or losses on sales, which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time, rather than fluctuating based on existing market conditions. We believe that AFFO is an additional useful supplemental measure for investors to consider because it will help them to better assess our operating performance without the distortions created by other non-cash revenues or expenses. We also believe that Pro Forma Adjusted EBITDA is an additional useful supplemental measure for investors to consider as it allows for a better assessment of our operating performance without the distortions created by other non-cash revenues, expenses or certain effects of the Company’s capital structure on our operating performance. FFO, AFFO, and Pro Forma Adjusted EBITDA may not be comparable to similarly titled measures employed by other companies. GAAP requires that the Sale-Leaseback and Sales-Type Lease Properties and the value of participation obligation interests sold (the “Participation Obligations Sold”) for which sale accounting was not achieved be accounted for as financing arrangements. Accordingly, for GAAP purposes, the Sale-Leaseback and Sales-Type Lease Properties and Participation Obligations Sold are included in the Company’s Commercial Loans and Investments segment. However, for statistical purposes, the Company excludes the Sale-Leaseback and Sales-Type Lease Properties and the Participation Obligations Sold. Please see page 14 of this press release for further details. We believe that the Supplemental Disclosure on Commercial Loans and Investments is an additional useful measure for investors to consider because it will help them to better assess the performance of our Commercial Loan Portfolio. Other Definitions Annualized Base Rent (ABR) represents the annualized in-place straight-line base rent pursuant to GAAP. Annualized In-Place Cash Base Rent represents the annualized in-place contractual minimum base rent on a cash basis. Credit Rated Tenant is a tenant or the parent of a tenant with a credit rating from S&P Global Ratings, Moody’s Investors Service, Fitch Ratings or the National Association of Insurance Commissioners. Investment Grade Rated Tenant is a tenant or the parent of a tenant with a credit rating from S&P Global Ratings, Moody’s Investors Service, Fitch Ratings or the National Association of Insurance Commissioners of Baa3, BBB-, or NAIC-2 or higher. If applicable, in the event of a split rating between S&P Global Ratings and Moody’s Investors Services, the Company utilizes the higher of the two ratings as its reference point as to whether a tenant is defined as an Investment Grade Rated Tenant. Credit ratings utilized in this press release are those available from S&P Global Ratings and/or Moody’s Investors Service, as applicable, as of June 30, 2026. Weighted Average Remaining Lease Term is weighted by the ABR and does not assume the exercise of any tenant purchase options. __________________________ __________________________ __________________________ CONTACT: Contact:   Investor Relations [email protected]

WINTER PARK, Fla., May 27, 2026 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.30 per share of common stock for the second quarter of 2026 (the “Common Stock Cash Dividend”). The Common Stock Cash Dividend represents an annualized yield of approximately 6.1% based on the closing price of the Company’s common stock on May 26, 2026. The Common Stock Cash Dividend is payable on June 30, 2026, to stockholders of record as of the close of business on June 11, 2026, and the ex-dividend date for the Common Stock Cash Dividend is June 11, 2026. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.50 per share of the Company’s 8.000% Series A Cumulative Redeemable Preferred Stock for the second quarter of 2026, to be paid on June 30, 2026, to stockholders of record as of the close of business on June 11, 2026. About Alpine Income Property Trust, Inc. Alpine Income Property Trust, Inc. (NYSE: PINE) is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased commercial income properties that are predominately leased to high-quality publicly traded and credit-rated tenants. The Company also complements its income property portfolio by strategically investing in a select portfolio of commercial loan investments intended to deliver an attractive risk-adjusted return. We encourage you to review our most recent investor presentation which is available on our website at http://www.alpinereit.com Safe Harbor This press release may contain “forward-looking statements.” Forward-looking statements include statements that may be identified by words such as “outlook,” “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods, or by the inclusion of forecasts or projections. Forward-looking statements are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, the Company’s actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include general business and economic conditions, continued volatility and uncertainty in the credit markets and broader financial markets, geopolitical conflicts, tariffs and international trade policies, risks inherent in the real estate business, including tenant or borrower defaults, potential liability relating to environmental matters, credit risk associated with the Company investing in commercial loans and investments, illiquidity of real estate investments and potential damages from natural disasters, the impact of epidemics or pandemics on the Company’s business and the businesses of its tenants and borrowers and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally, other factors affecting the Company’s business or the businesses of its tenants and borrowers that are beyond the control of the Company or its tenants or borrowers, and the factors set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made in this press release speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. CONTACT: Contact: Investor Relations [email protected]

WINTER PARK, Fla., May 27, 2026 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) announced today that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.38 per share of common stock for the second quarter of 2026 (the “Common Stock Cash Dividend”). The Common Stock Cash Dividend represents an annualized yield of approximately 7.4% based on the closing price of the Company’s common stock on May 26, 2026. The Common Stock Cash Dividend is payable on June 30, 2026, to stockholders of record as of the close of business on June 11, 2026, and the ex-dividend date for the Common Stock Cash Dividend is June 11, 2026. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.39844 per share of the Company’s 6.375% Series A Cumulative Redeemable Preferred Stock for the second quarter of 2026, to be paid on June 30, 2026, to stockholders of record as of the close of business on June 11, 2026. About CTO Realty Growth, Inc. CTO Realty Growth, Inc. owns and operates high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE). Established in 1910, CTO has been public and paying an annual dividend for over 50 years. We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com. Safe Harbor Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can typically be identified by words such as “outlook,” “believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,” “project,” and similar expressions, as well as variations or negatives of these words. Although forward-looking statements are made based upon management’s present expectations and beliefs concerning future developments and their potential effect upon the Company, a number of factors could cause the Company’s actual results to differ materially from those set forth in the forward-looking statements. Such factors may include, but are not limited to: the Company’s ability to remain qualified as a REIT; the Company’s exposure to U.S. federal and state income tax law changes, including changes to the REIT requirements; general adverse economic and real estate conditions; macroeconomic and geopolitical factors, including but not limited to inflationary pressures, interest rate volatility, distress in the banking sector, global supply chain disruptions, and ongoing geopolitical war; credit risk associated with the Company investing in commercial loans and similarly structured investments; the ultimate geographic spread, severity and duration of pandemics such as the COVID-19 Pandemic and its variants, actions that may be taken by governmental authorities to contain or address the impact of such pandemics, and the potential negative impacts of such pandemics on the global economy and the Company’s financial condition and results of operations; the inability of major tenants or borrowers to continue paying their rent or obligations due to bankruptcy, insolvency or a general downturn in their business; the loss or failure, or decline in the business or assets of PINE; the completion of 1031 exchange transactions; the availability of investment properties that meet the Company’s investment goals and criteria; the uncertainties associated with obtaining required governmental permits and satisfying other closing conditions for planned acquisitions and sales; and the factors set forth under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances. CONTACT: Contact: Investor Relations [email protected]