Consolidated-Tomoka Land (CTO) Reports Q1 EPS of $0.06

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Go back to Consolidated-Tomoka Land (CTO) Reports Q1 EPS of $0.06

Consolidated-Tomoka Land Co. Reports First Quarter 2015 Earnings of $0.06 Per Share

April 22, 2015 1:17 PM EDT

DAYTONA BEACH, Fla.--(BUSINESS WIRE)-- Consolidated-Tomoka Land Co. (NYSE MKT: CTO) (the Company) today announced its operating results and earnings for the quarter ended March 31, 2015.

OPERATING RESULTS

Operating results for the quarter ended March 31, 2015 (compared to the same quarterly period in 2014):

Net income was $0.06 per share, a decrease of $0.20 per share; Revenue from Income Properties totaled approximately $4.3 million, an increase of 25%; Revenue from Commercial Loan Investments totaled approximately $631,000, a decrease of 33%; Revenue from Real Estate Operations totaled approximately $860,000, a... More