Back to mobile site

Consolidated-Tomoka Land (CTO) Reports Q1 EPS of $2.28

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/23/2026

1. SPCX
2. META
3. ABBV
4. SPY
5. FDX
6. IBM
7. MU
8. PFE
9. AWK
10. ACN

April 17, 2017 4:33 PM EDT

Consolidated-Tomoka Land (NYSE: CTO) reported Q1 EPS of $2.28, versus $0.25 reported last year.

Review of 2017 Guidance

The following summary provides a review of the Company’s guidance for the year ending December 31, 2017 compared to the operating results and leverage as of and for the quarter ended March 31, 2017 and the income property investment activity and land transactions as of April 13, 2017:

FY 2017 Guidance 2017 Actual
Reported Earnings Per Share (Basic) $2.25-$2.45 $2.28(1)
Acquisition of Income-Producing Assets $50mm - $70mm $25.4
Target Investment Yields (Initial Yield – Unlevered) 6% - 8% 6.63%
Land Transactions (Sales Value) $30mm - $50mm $33.2mm
Leverage Target (as % of Total Enterprise Value) <40% 32.9%

(1) Includes $0.24 in earnings for the elimination of the accrued liability associated with the straight-line accounting for the land lease which was terminated as part of the acquisition of the LPGA International golf course land. This earnings impact was not included in the Company’s 2017 guidance for earnings per share.

For earnings history and earnings-related data on Consolidated-Tomoka Land (CTO) click here.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance

Related Entities

Earnings, Definitive Agreement