EQUITY (Tables)

12 Months Ended

Dec. 31, 2022

EQUITY

Schedule of details of public offering

The following details the public offering (in thousands, except per share data):

Series	Dividend Rate	Issued	Shares Outstanding	Gross Proceeds		Net Proceeds		Dividend per Share		Earliest Redemption Date
Series A	6.375%	July 2021	3,000,000	$	75,000	$	72,428	$	0.3984	July 2026

Schedule of dividend declared and paid for stock

The following table outlines dividends declared and paid for each issuance of CTO’s stock during the years ended December 31, 2022, 2021, and 2020 (in thousands, except per share data):

	Year Ended
	December 31, 2022		December 31, 2021		December 31, 2020
Series A Preferred Stock
Dividends	$	4,781	$	2,325	$	—
Per Share	$	1.59	$	0.77	$	—
Common Stock
Dividends	$	28,896	$	23,580	$	64,665	(1)
Per Share	$	1.49	$	1.33	$	4.63	(1)

⁽¹⁾​ Represents the aggregate of (i) $0.63 per share of regular cash dividends totaling $8.9 million and (ii) $3.99 per share Special Distribution totaling $55.8 million, of which $5.6 million was paid in cash.