Consolidated-Tomoka Land (CTO) Reports Q3 EPS of $0.36
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Consolidated-Tomoka Land Co. Reports Third Quarter 2015 Earnings of $0.36 Per Share
October 27, 2015 4:37 PM EDTDAYTONA BEACH, Fla.--(BUSINESS WIRE)-- Consolidated-Tomoka Land Co. (NYSE MKT: CTO) (the Company) today announced its operating results and earnings for the quarter ended September 30, 2015.
OPERATING RESULTS
Operating results for the quarter ended September 30, 2015 (as compared to the same period in 2014):
Net income was $0.36 per share, a decrease of $0.24 per share; mainly due to a significant land sale that closed during the third quarter of 2014, with none closing during the third quarter of 2015; Revenue from Income Properties totaled approximately $5.0 million, an increase of 30%;... More