CTO Realty Growth (CTO Realty Growth) Interest Expense : $-21.4 Mil (TTM As of Dec. 2023)

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What is CTO Realty Growth Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CTO Realty Growth's interest expense for the three months ended in Dec. 2023 was $ -6.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-21.4 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. CTO Realty Growth's Operating Income for the three months ended in Dec. 2023 was $ 6.4 Mil. CTO Realty Growth's Interest Expense for the three months ended in Dec. 2023 was $ -6.0 Mil. CTO Realty Growth's Interest Coverage for the quarter that ended in Dec. 2023 was 1.07. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CTO Realty Growth Interest Expense Historical Data

The historical data trend for CTO Realty Growth's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CTO Realty Growth Interest Expense Chart

CTO Realty Growth Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.02

-10.38

-8.34

-10.36

-21.39

CTO Realty Growth Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.66	-4.39	-4.97	-6.08	-5.95

CTO Realty Growth Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-21.4 Mil.

CTO Realty Growth (NYSE:CTO) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CTO Realty Growth's Interest Expense for the three months ended in Dec. 2023 was $-6.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $6.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $455.4 Mil.

CTO Realty Growth's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	6.351	/	-5.952
	=	1.07

The higher the ratio, the stronger the company's financial strength is.

CTO Realty Growth (CTO Realty Growth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CTO Realty Growth Inc (NYSE:CTO) » Definitions » Interest Expense

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Traded in Other Exchanges

8QB0:Germany

Address

369 N. New York Avenue, Suite 201, Winter Park, FL, USA, 32789

Website

https://www.ctlc.com

CTO Realty Growth Inc is a Florida-based real estate investment trust company, which owns income properties comprised of approximately 2.7 million square feet in diversified markets in the United States. Its portfolio of assets consists of Income Properties Portfolio, management services, Commercial Loan and Investments.

Executives

John P Albright	officer: President & CEO	PO BOX 10809, DAYTONA BEACH FL 32120
Matthew Morris Partridge	officer: SR. VP & CFO	70 E. LONG LAKE, BLOOMFIELD HILLS MI 48304
Daniel Earl Smith	officer: SVP, GEN COUNSEL & CORP SECRET	P.O. BOX 10809, DAYTONA BEACH FL 32120
Steven Robert Greathouse	officer: SVP-INVESTMENTS	PO BOX 10809, DAYTONA BEACH FL 32120
Robert Blakeslee Gable	director	PO BOX 10809, DAYTONA BEACH FL 32120
George R Brokaw	director	DISH NETWORK CORPORATION, 9601 S MERIDIAN BLVD, ENGLEWOOD CO 80112
Lisa Vorakoun	officer: VP & CHIEF ACCOUNTING OFFICER	1140 N. WILLIAMSON BLVD., SUITE 140, DAYTONA BEACH FL 32114
Christopher J Drew	director	PO BOX 10809, DAYTONA BEACH FL 32120
Christopher W Haga	director	PO BOX 10809, DAYTONA BEACH FL 32120
Laura M Franklin	director	CONSOLIDATED-TOMOKA LAND CO., PO BOX 10809, DAYTONA BEACH FL 32120
Casey R Wold	director	C/O CONSOLIDATED-TOMOKA LAND CO., PO BOX 10809, DAYTONA BEACH FL 32120
Howard C Serkin	director	712 SPINAKERS REACH, PONTE VEDRA FL 32082
Mark E Patten	officer: Sr. VP & CFO	PO BOX 10809, DAYTONA BEACH FL 32120
Wintergreen Fund, Inc.	10 percent owner	500 INTERNATIONAL DRIVE, SUITE 275, MOUNT OLIVE NJ 07828
William L. Olivari	director	141 SAGE BRUSH TRAIL, STE. D, ORMOND BEACH FL 32174