Short report wolfpack $cto

🚨Stop everything you're doing, NEW Chopping Block🪓 just dropped: zeroesfinance.com/cto-the-b-rile… Dan David of Wolfpack Research joins Zeroes Finance to reveal his short thesis on CTO Realty Growth. $CTO #RealEstateInvesting #ShortSelling #FinanceNews #StockMarket #Stocks

I agree with this skeptical take on $CTO. Earnings quality is poor and mgmt are frenetic dealmakers. I'm not short presently but I have been at times over the last 18 months.

Dan and his team Wolfpack Research nailed the short thesis and then some on the $RILY crime scene, so when they compare $CTO to B Riley in the same sentence, my ears certainly perk up. Where is Realty Growth's response to this? If you're a shareholder, wouldn't this worry you?

For those unfamiliar with shopping center REITs, this is incorrect. Only maintenance capex that does not extend the useful life or improve the productive capacity of the asset is expensed per CTO. The costs that we added back to arrive at real AFFO were the ones that $CTO itself