CTO — what changed in the latest 10-Q
A section-by-section comparison of CTO's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-28 vs the prior 10-Q · 2026-04-28
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −19 | ~17 | 52 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-28
Total revenue for the three months ended June 30, 2026 is presented in the following summary and indicates the changes as compared to the three months ended June 30, 2025 (in thousands):
Total revenue for the three months ended June 30, 2026 increased to $43.8 million, compared to $37.6 million during the three months ended June 30, 2025. The $6.2 million increase in total revenue is primarily attributable to increased income produced by the Company’s recent income property acquisit…
Revenue and operating income from our income property operations totaled $37.1 million and $26.0 million, respectively, during the three months ended June 30, 2026, compared to total revenue and operating income of $33.4 million and $23.2 million, respectively, for the three months ended June 30, 20…
Revenue from our management services from PINE totaled $1.4 million and $1.1 million during the three months ended June 30, 2026 and 2025, respectively. Management services during each of the three months ended June 30, 2026 and 2025 also included less than $0.1 million, from the asset management ag…
Interest income from our commercial loans and investments totaled $5.2 million and $3.0 million during the three months ended June 30, 2026 and 2025, respectively. The increase of $2.2 million is primarily due to the timing of the investments made related to new loan originations and structured inve…
Text removed vs the prior filing · source: 10-Q · 2026-04-28
COMPARISON OF THE THREE MONTHS ENDED MARCH 31, 2026 AND 2025
Total revenue for the three months ended March 31, 2026 is presented in the following summary and indicates the changes as compared to the three months ended March 31, 2025 (in thousands):
Total revenue for the three months ended March 31, 2026 increased to $41.2 million, compared to $35.8 million during the three months ended March 31, 2025. The $5.4 million increase in total revenue is primarily attributable to increased income produced by the Company’s recent income property acquis…
Revenue and operating income from our income property operations totaled $36.6 million and $26.4 million, respectively, during the three months ended March 31, 2026, compared to total revenue and operating income of $31.7 million and $22.8 million, respectively, for the three months ended March 31, …
Revenue from our management services from PINE totaled $1.3 million and $1.1 million during the three months ended March 31, 2026 and 2025, respectively. Management services during the three months ended March 31, 2026 and 2025 also included $0.1 million and less than $0.1 million, respectively, fro…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice