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Press Release
hsmith@howardsmithlaw.comThis lawsuit is for anyone who acquired securities in CTO Realty Growth, Inc. (NYSE: CTO) from February 18, 2021 through prior to June 24, 2025.
The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by engaging in various forms of accounting fraud.
On June 25, 2025, Wolf Pack Research published a report alleging, among other things, that CTO is “engag[ing] in accounting shenanigans like using a sham loan to cover up a top tenant’s failure.” Specifically, the report claims that the Company’s management “used a sham loan to hide the collapse of a top tenant from shareholders,” “obfuscates its impotence by excluding recurring capex from [Adjusted Funds From Operation],” and “makes more money for themselves sabotaging the future of the company by overpaying for properties.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in CTO Realty Growth, Inc. (NYSE: CTO) from February 18, 2021 through prior to June 24, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
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