CTO Realty Growth, Inc.

AI-generated fair value estimate for this company.

Method: 10-year equity (AFFO) discount model: ~$57.1M estimated AFFO base ($99.1M TTM EBITDA less ~$32M estimated cash interest expense and ~$10M estimated maintenance capex); 3% AFFO growth years 1-5; 2.5% years 6-10; 9% discount rate; 2.5% terminal growth; 37.49M shares outstanding.

Reasoning: CTO Realty Growth is a diversified retail/mixed-use REIT where AFFO (net of interest expense already) is the appropriate cash flow to discount directly to an equity value rather than an unlevered FCF DCF; the resulting value is close to the current sell-side analyst average price target, supporting the reasonableness of the inputs.