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Last $53.40 USD
Change Today -0.44 / -0.82%
Volume 8.7K
CTO On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

cons tomoka land co-florida (CTO) Snapshot

Open
$53.41
Previous Close
$53.84
Day High
$53.74
Day Low
$52.75
52 Week High
02/11/15 - $64.37
52 Week Low
10/15/14 - $44.03
Market Cap
320.1M
Average Volume 10 Days
19.2K
EPS TTM
$0.98
Shares Outstanding
6.0M
EX-Date
05/6/15
P/E TM
54.5x
Dividend
$0.08
Dividend Yield
0.15%
Current Stock Chart for CONS TOMOKA LAND CO-FLORIDA (CTO)

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cons tomoka land co-florida (CTO) Details

Consolidated-Tomoka Land Co., through its subsidiaries, operates as a diversified real estate operating company in the United States. It owns and manages commercial real estate properties and self-developed properties. As of December 31, 2014, the company's land holdings included approximately 10,500 acres in Daytona Beach area of Volusia County, Florida; 36 single-tenant retail buildings located in Arizona, California, Colorado, Florida, Georgia, Illinois, Maryland, North Carolina, Texas, and Washington; 7 multi-tenant properties located in Florida, including 5 self-developed properties located in Daytona Beach, Florida; and full or fractional subsurface oil, gas, and mineral interests of approximately 490,000 surface acres in 20 counties in Florida. It also operates two 18-hole championship golf courses with a three-hole practice facility, a clubhouse facility, and food and beverage operations In addition, the company leases property for 21 billboards; and leases approximately 9,700 acres of land for hay and sod production, timber harvesting, and hunting leases, as well as owns and manages subsurface interests. Consolidated-Tomoka Land Co. was founded in 1902 and is based in Daytona Beach, Florida.

14 Employees
Last Reported Date: 02/27/15
Founded in 1902

cons tomoka land co-florida (CTO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $756.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $325.5K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $102.6K
Compensation as of Fiscal Year 2014.

cons tomoka land co-florida (CTO) Key Developments

Consolidated Tomoka Land Co. Announces Joint Venture on 6-Acre Beachfront Land Parcel in Daytona Beach, FL

Consolidated Tomoka Land Co. announced that it has entered into a joint venture with an institutional investor on a six acre vacant beachfront site in Daytona Beach, FL. The Company acquired its 50% interest in the joint venture for approximately $5.7 million and will serve as the general partner of the venture with day-to-day management responsibilities. The venture is structured such that the Company will earn a base management fee and will receive a preferred interest as well as a promoted interest if certain return hurdles are achieved.

Consolidated Tomoka Land Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015

Consolidated Tomoka Land Co. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company has posted total revenues of $7,608,208 against $6,311,359 a year ago. This increase was primarily the result of an increase of approximately $580,000, or 16%, in revenue generated by income properties, an increase of approximately $315,000, or 30%, in revenue from real estate operations, and an increase of approximately $383,000, or 150%, in revenue from commercial loan investments. Operating income was $2,186,161 against $1,680,299 a year ago. EBIT was $372,545 against $1,176,892 a year ago. Net income was $224,617 or $0.04 basic and diluted per share against $722,908 or $0.13 basic and diluted per share a year ago. For the six months, the company has posted total revenues of $14,916,533 against $13,484,078 a year ago. Operating income was $3,680,048 against $4,584,168 a year ago. EBIT was $950,389 against $3,627,057 a year ago. Net income was $577,973 or $0.10 basic and diluted per share against $2,223,315 or $0.39 basic and diluted per share a year ago. For the year ending December 31, 2015, the company expects land sales be reduced to a range of approximately $10.0 million to $17.5 million, and accordingly the company’s estimated earnings per share for the year ending December 31, 2015 would be reduced to a range of approximately $1.45 per share to $1.70 per share.

Consolidated Tomoka Announces the Purchase of 245 Riverside Avenue in Jacksonville, FL for $25.1 Million

Consolidated Tomoka Land Co. announced the acquisition of 245 Riverside Avenue, a 137,000 square foot, Class A multi-tenant office building in the riverside submarket of Jacksonville, Florida for $25.1 million. The 5-story Property, which sits on the St. Johns River, is 99% leased with a tenant roster including Raymond James, Northwestern Mutual, Dixon Hughes Goodmanand Jacobs Engineering Group. The Property, which was built in 2003 as the corporate headquarters for The St. Joe Company, will be leased and managed by CBRE. The transaction was funded using available cash on the company’s balance sheet and is expected to be part of a 1,031 exchange transaction. The Property is situated in the vibrant riverside submarket just outside of the Jacksonville CBD. Recent developments surrounding the property include Brooklyn Station on Riverside, a 70,000 square foot retail center anchored by Fresh Market being developed by Regency Centers Corporation, 220 Riverside, a 294-unit apartment community being developed by Mid-America Apartment Communities Inc. and The Brooklyn Riverside, a 310-unit apartment community being developed by Pollack Shores.

 

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Industry Analysis

CTO

Industry Average

Valuation CTO Industry Range
Price/Earnings 66.3x
Price/Sales 8.5x
Price/Book 2.5x
Price/Cash Flow 36.5x
TEV/Sales 4.4x
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