CTO Realty Growth Enters Material Definitive Agreement
Ticker: CTO-PA · Form: 8-K · Filed: Jul 19, 2024 · CIK: 23795
Sentiment: neutral
Topics: material-agreement
TL;DR
CTO Realty Growth signed a big deal, details TBD.
AI Summary
On July 18, 2024, CTO Realty Growth, Inc. entered into a material definitive agreement. The filing does not provide specific details on the agreement or any associated dollar amounts or parties involved.
Why It Matters
This filing indicates a significant new development for CTO Realty Growth, Inc., potentially impacting its future operations and financial standing.
Risk Assessment
Risk Level: medium — The lack of specific details in the filing regarding the material definitive agreement introduces uncertainty about its nature and potential impact.
Key Players & Entities
- CTO Realty Growth, Inc. (company) — Registrant
- July 18, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by CTO Realty Growth, Inc.?
The filing states that CTO Realty Growth, Inc. entered into a material definitive agreement on July 18, 2024, but does not provide specific details about its nature.
Who are the other parties involved in this material definitive agreement?
The filing does not disclose the names of the other parties involved in the material definitive agreement.
Are there any financial implications or dollar amounts associated with this agreement?
The filing does not specify any dollar amounts or financial terms related to the material definitive agreement.
When was this material definitive agreement officially entered into?
The earliest event reported in the filing, which includes the entry into the material definitive agreement, occurred on July 18, 2024.
What specific item information is being reported in this 8-K filing?
This 8-K filing reports on the 'Entry into a Material Definitive Agreement' and 'Financial Statements and Exhibits'.
Filing Stats: 528 words · 2 min read · ~2 pages · Grade level 10.3 · Accepted 2024-07-19 17:00:18
Key Financial Figures
- $0.01 — ge on which registered: Common Stock, $0.01 par value per share CTO NYSE 6.37
Filing Documents
- cto-20240718x8k.htm (8-K) — 34KB
- cto-20240718xex10d1.htm (EX-10.1) — 26KB
- 0001558370-24-009918.txt ( ) — 244KB
- cto-20240718.xsd (EX-101.SCH) — 4KB
- cto-20240718_def.xml (EX-101.DEF) — 14KB
- cto-20240718_lab.xml (EX-101.LAB) — 15KB
- cto-20240718_pre.xml (EX-101.PRE) — 15KB
- cto-20240718x8k_htm.xml (XML) — 7KB
01
Item 1.01. Entry into a Material Definitive Agreement On July 18, 2024, Alpine Income Property Manager, LLC (the "Manager"), a wholly owned subsidiary of CTO Realty Growth, Inc., entered into an amendment (the "Amendment") to the Management Agreement dated as of November 26, 2019, by and among the Manager, Alpine Income Property Trust, Inc., and Alpine Income Property OP, LP (the "Management Agreement"). The Amendment extended the expiration date of the initial term of the Management Agreement from November 26, 2024, to January 31, 2025. All other material terms of the Management Agreement remain unchanged. A copy of the Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Amendment No. 1 to Management Agreement dated July 18, 2024 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 19, 2024 CTO Realty Growth, Inc. By: /s/ Philip R. Mays Philip R. Mays, Senior Vice President, Chief Financial Officer, and Treasurer (Principal Financial Officer)