CTO Realty Growth, Inc. (NYSEMKT:CTO) shareholders should be happy to see the share price up 13% in the last month...
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that the Company’s Board of Directors declared a quarterly dividend of $0.25 per share payable on May 29, 2020, to shareholders of record on May 11, 2020. Laura M. Franklin, Chairman of the Board, stated, "The Board is pleased that the Company’s growth in revenue continues to support our dividend tradition that began in 1976, and represents a growing trailing twelve-month dividend.” Consolidated-Tomoka Land Co. is a Florida-based publicly traded real estate company, which owns income properties comprised of approximately 2.3 million square feet in diversified markets in the United States and an approximately 22.5% interest in Alpine Income Property Trust, Inc., a publicly traded net lease real estate investment trust (PINE).
Q1 2020 Consolidated-Tomoka Land Co Earnings Call
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that it plans to release its fourth quarter 2019 operating results after the market closes on Wednesday, February 12, 2020. A conference call to present the operating results is scheduled for Thursday, February 13, 2020 at 9:00 a.m. eastern time (the “Earnings Call”). The Company plans to release its fourth quarter 2019 investor presentation in advance of the Earnings Call.
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the purchase of Perimeter Place (“Perimeter”), an approximately 269,000 square foot retail center situated on over 24 acres of land in Atlanta, Georgia, for $75.4 million, representing a going-in cap rate within the range of the Company’s previously provided guidance. Perimeter is 80% leased and anchored by SuperTarget (not a part of the Company’s acquisition), Ross Dress for Less and Michaels along with a variety of restaurants such as Fleming’s Prime Steakhouse & Wine Bar, Chipotle, Panera, Outback Steakhouse and Carrabba’s. The three-mile population is approximately 110,000 with an average household income of over $92,000. Perimeter is located approximately 1-mile from the 1.5 million square foot Perimeter Mall owned by Brookfield Properties and approximately 1.5 miles from the new State Farm campus that is projected to employ approximately 8,000 people by the end of 2020.
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of its CVS ground lease located in downtown Dallas, Texas, for a sales price of $15.2 million, reflecting an exit cap rate of 4.50%. The Company was represented by The Mansour Group of Marcus & Millichap. The Company’s estimated gain on the sale is approximately $0.8 million, or $0.13 per share after tax.
Q4 2019 Consolidated-Tomoka Land Co Earnings Call
Consolidated-Tomoka (CTO) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of approximately 12 acres, which consisted of a land sale and conveyance of certain interests (the “Equinox Land Sale”), for $4.5 million, or approximately $375,000 per acre, to Equinox Development (“Equinox”). Equinox a Maitland, Florida based real estate developer has operations and developments in Florida, North Carolina, South Carolina and Tennessee. The Equinox Land Sale was completed by the venture that was formed in October 2019 when the Company sold the controlling interest in the entity that held the remaining land portfolio (the “Land JV”).
Consolidated-Tomoka (CTO) delivered earnings and revenue surprises of 6.88% and 4.39%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
DAYTONA BEACH, Fla., April 28, 2020 -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced its operating results and earnings for the quarter.
DAYTONA BEACH, Fla., Feb. 12, 2020 -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced its operating results and earnings for the quarter and.
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that the shareholders of the Company, at its annual meeting on April 29, 2020, approved the change in the Company’s name to CTO Realty Growth, Inc. (“CTO”). The name change becomes effective today, May 11, 2020, including for all filings with the Securities & Exchange Commission and the Company’s listing on the New York Stock Exchange. Mr. John P. Albright, President and Chief Executive Officer of the Company, stated, “We are appreciative that our shareholders approved changing our Company’s name to CTO Realty Growth, Inc. a name that we believe aligns with the future of CTO while retaining an appropriate acknowledgment of the 110-year history of our great company.”
Consolidated-Tomoka (CTO) delivered earnings and revenue surprises of -214.29% and 4.21%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company” or “CTO”) today announced the closing of the sale of its Wawa ground lease located in Daytona Beach, Florida, for a sales price of $6.0 million, reflecting a cap rate of 4.75%. The property, a former Barnes & Noble, is currently under a 20 year ground lease to Wawa. Wawa is expected to begin construction on the vacant site in early 2021.
DAYTONA BEACH, Fla., April 30, 2020 -- Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced the election results of the Company’s 2020 Annual.
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that it plans to release its first quarter 2020 operating results after the market closes on Tuesday, April 28, 2020. A conference call to present the operating results is scheduled for Wednesday, April 29, 2020 at 9:00 a.m. eastern time (the “Earnings Call”). The Company plans to release its first quarter 2020 investor presentation in advance of the Earnings Call.
Consolidated-Tomoka (CTO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that the Company’s Board of Directors declared a quarterly dividend of $0.25 per share payable on February 28, 2020, to shareholders of record on February 24, 2020. In addition, the Company’s Board of Directors has set Wednesday, April 29, 2020, as the date for the Company’s annual meeting of shareholders. The meeting will be held at the LPGA International Golf Club in Daytona Beach, Florida at 2:00 p.m. local time.
Image source: The Motley Fool. Consolidated-Tomoka Land Company (NYSEMKT: CTO)Q1 2020 Earnings CallApr 29, 2020, 9:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, and welcome to the Consolidated-Tomoka Q1 2020 Earnings Call.