Consolidated-Tomoka Land Co. Reports Fourth Quarter and Year End 2015 Earnings, Announces 2016 Guidance
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February 9, 2016 5:53 PM EST
Consolidated-Tomoka Land Co. (NYSE: CTO) (the Company) today announced that the Audit Committee of the Board of Directors of CTO has conducted a review of allegations raised in recent correspondence from Wintergreen Advisers, LLC, including the allegation that CTO has made misleading statements regarding the use and calculation of leverage, allegations regarding the non-disclosure of internal measurements of net asset value ("NAV") and allegations regarding CTO's investments in financial derivatives and disclosure thereof (the "Allegations"). The Audit Committee is comprised of three independent Directors of CTO, Messrs. William L. Olivari, John J. Allen, and... More
February 9, 2016 5:51 PM EST
Consolidated-Tomoka Land (NYSE: CTO) reported Q4 EPS of $0.99, versus $0.12 reported last year. Revenue for the quarter came in at $19.8 million, versus $8.37 million reported last year.
Full Year 2016 Guidance
The Company is issuing the following guidance for the year ending December 31, 2016, with... More
