CTO Realty Growth, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CTO Realty Growth, Inc. (NYSE: CTO) on July 18, 2024. The report discloses a material definitive agreement entered into by the company's wholly owned subsidiary, Alpine Income Property Manager, LLC.
Key Financial Metrics
The filing does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on a contractual amendment.
Material Changes
On July 18, 2024, the Manager entered into an amendment to the Management Agreement originally dated November 26, 2019. The primary change is the extension of the initial term expiration date from November 26, 2024, to January 31, 2025. All other material terms of the agreement remain unchanged.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the disclosure of the agreement amendment. No unusual items were reported.
Key Facts for Investor Verification
- The Management Agreement term has been extended by approximately two months to January 31, 2025.
- No changes were made to the compensation or other material terms of the Management Agreement.
- The full text of Amendment No. 1 is available as Exhibit 10.1 to this filing.
- The filing does not contain updated financial performance data for the period.