CTO Realty Growth Investors Encouraged to Join Class Action Lawsuit for Securities Fraud

Overview of the Lawsuit Against CTO Realty Growth, Inc.

Glancy Prongay & Murray LLP, a law firm based in Los Angeles, has initiated significant legal action that affects investors of CTO Realty Growth, Inc. (CTO). They have announced that those who suffered a loss on their investments in CTO have an opportunity to potentially lead a class action lawsuit concerning allegations of securities fraud. This lawsuit could provide a pathway for investors to reclaim their losses and hold the company accountable for its actions.

Background of CTO Realty Growth, Inc.

CTO Realty Growth, Inc. is a prominent company listed on the New York Stock Exchange under the ticker symbol CTO. This firm primarily focuses on acquiring and managing properties that generate reliable cash flow. Investors were initially attracted to CTO due to its promise of consistent dividends and purported financial stability.

Allegations Against CTO

The class action lawsuit claims that between February 18, 2021, and June 24, 2025, CTO failed to disclose critical information that misled investors. Key allegations include:

1. Unsustainable Dividends: Investors were led to believe that CTO's dividends were stable and sustainable when, in fact, they were less reliable than allegedly communicated.

2. Deceptive Practices: The lawsuit asserts that the company engaged in questionable practices to artificially inflate its Adjusted Funds From Operations (AFFO). This included overstating the profitability of their Ashford Lane property, which was crucial to their financial claims.

3. Misleading Statements: Based on these deceptive practices, the lawsuit argues that CTO's positive reports regarding their business and financial prospects were materially misleading, lacking a reasonable basis.

Participation in the Lawsuit

Investors who have incurred losses on their CTO investments are encouraged to act promptly, with a deadline to participate in this potential class action lawsuit set for October 7, 2025. Interested parties can reach out to Glancy Prongay & Murray LLP for further details.

How to Get Involved

To be part of the potential class action, shareholders do not need to take immediate actions but can still consult with a legal expert. Investors can also retain counsel of their choice and learn more about their rights in this matter. The law firm has provided a point of contact:

- Charles Linehan, Esq.

Glancy Prongay & Murray LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Website: www.glancylaw.com

Conclusion

In light of these unfolding events, CTO Realty Growth, Inc. investors are urged to stay informed and consider their options regarding this lawsuit. With the potential to reclaim losses, being proactive could offer an avenue for justice for those affected by the alleged securities fraud. The firm continues to monitor the situation and promises updates to keep investors informed.