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Boot Barn and Barnes & Noble Open at Plaza at Rockwall, Boosting Occupancy at the Center to 99%

1. CTO Realty Growth opened two new stores at Plaza at Rockwall. 2. Barnes & Noble and Boot Barn enhance tenant mix and occupancy. 3. Occupancy at the Center has risen to 99.1%. 4. CTO focuses on attractive, high-growth suburban retail locations. 5. Strong national retailers anchor the rapidly growing Center.

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FAQ

Why Bullish?

New tenant openings could drive additional foot traffic and sales, improving revenue. Historically, strong tenant mix correlates with increased consumer visits and stability in occupancy rates.

How important is it?

The article highlights significant developments that align with CTO's business strategy, suggesting potential future growth.

Why Long Term?

The beneficial impacts of improved tenant mix and high occupancy levels are expected to accrue over time. Successful implementation will bolster long-term value and stakeholder returns.

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PINE
WINTER PARK, Fla., Sept. 03, 2025 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) is pleased to announce the grand opening of two new tenants at Plaza at Rockwall, an open-air destination retail center in Rockwall, Texas (the “Center”), within the Dallas-Ft. Worth MSA. Barnes & Noble, the iconic bookseller, debuted its 20,388-square-foot store on August 27, 2025, repurposing a former Staples location. We believe that this strategic backfill aligns with CTO’s commitment to attracting destination-driven retail to high-growth suburban markets. Boot Barn, a nationally recognized retailer specializing in western and workwear, launched its 15,000-square-foot store on September 2, 2025, previously occupied by JoAnn’s. We believe that this addition enhances the Center’s merchandising mix and brings a high-performing brand to the community. Plaza at Rockwall consists of 446,487 square feet on 42 acres located in a fast-growing suburb of Dallas. The Center is anchored by leading national retailers including Dick’s Sporting Goods, Ulta Beauty, Best Buy, and HomeGoods. The opening of Boot Barn and Barnes & Noble has been instrumental in improving occupancy at the Center to 99.1%. “We’re thrilled to welcome Boot Barn and Barnes & Noble to Plaza at Rockwall,” said John P. Albright, President and Chief Executive Officer of CTO Realty Growth. “These openings reflect our ongoing strategy to introduce strong retailers to curate a vibrant tenant mix that meets the evolving consumer demand and creates long-term value for our stakeholders.” About CTO Realty Growth, Inc. CTO Realty Growth, Inc. owns and operates high-quality, open-air shopping centers located in the higher growth Southeast and Southwest markets of the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc. (NYSE: PINE). We encourage you to review our most recent investor presentation and supplemental financial information, which is available on our website at www.ctoreit.com. Safe Harbor  Certain statements contained in this press release (other than statements of historical fact) are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can typically be identified by words such as “believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,” “project,” and similar expressions, as well as variations or negatives of these words. Statements, among others, relating to enhancing the Center’s merchandising mix, bringing a high-performing brand to the community, Plaza at Rockwall’s location in a fast-growing suburb of Dallas, and the Company’s ongoing strategy to boost occupancy and curate a dynamic tenant mix that meets the evolving needs of the community and create long-term value for the Company’s stakeholders are forward-looking statements. Although forward-looking statements are made based upon management’s present expectations and beliefs concerning future developments and their potential effect upon the Company, a number of factors could cause the Company’s actual results to differ materially from those set forth in the forward-looking statements. Such factors may include, but are not limited to: the Company’s ability to remain qualified as a REIT; the Company’s exposure to U.S. federal and state income tax law changes, including changes to the REIT requirements; general adverse economic and real estate conditions; macroeconomic and geopolitical factors, including but not limited to inflationary pressures, interest rate volatility, distress in the banking sector, global supply chain disruptions, and ongoing geopolitical war; credit risk associated with the Company investing in structured investments; the impact of epidemics or pandemics on the Company’s business and the businesses of its tenants or borrowers and the impact of such epidemics or pandemics on the U.S. economy and market conditions generally; the inability of major tenants or borrowers to continue paying their rent or obligations due to bankruptcy, insolvency or a general downturn in their businesses; the loss or failure, or decline in the business or assets of PINE; the completion of 1031 exchange transactions; the availability of investment properties that meet the Company’s investment goals and criteria; the uncertainties associated with obtaining required governmental permits and satisfying other closing conditions for planned acquisitions and sales; and the uncertainties and risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and other risks and uncertainties discussed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission. There can be no assurance that future developments will be in accordance with management’s expectations or that the effect of future developments on the Company will be those anticipated by management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances.

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