05:06 PM EDT, 03/11/2024 (MT Newswires) -- CTO Realty Growth ( CTO ) said late Monday it has signed 16 leases so far this year covering 112,480 square feet at an average cash base rent of $27.49 per square foot.

On a comparable basis, which doesn't include vacancy existing at the time of acquisition, the company signed 12 leases at an average cash base rent of $26.58 per square foot, compared with a previous rate of $14.06, the firm said.

CTO Realty shares were up 1.5% in after-hours activity.

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