Consolidated-Tomoka Land Co. | REIT Profile

Symbol: CTO
CIK: 23795
Exchange: NYSE
Preferred Stock: CTO-A
Founded: 1902 (120 years)
HQ: Daytona Beach, FL, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Retail, Diversified, Office, Hotel, Specialty

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See CTO on SEC.gov

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About Consolidated-Tomoka Land Co.

Consolidated-Tomoka Land Co. is a Florida-based publicly traded real estate company, which owns a portfolio of income investments in diversified markets in the United States including more than 1.9 million square feet of income properties, as well as approximately 8,100 acres of land in the Daytona Beach area.


Consolidated-Tomoka Land Co. Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$20.46 $20.72 $20.44 $20.44 $20.46 $20.35 65,051 $0.11 0.54% $384,648,205 113.16 $22.65 $16.79 5.31%

Last update: 2022-11-25 10:00:01 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 9.0

Hightlights of Trading Day November 25, 2022


Open Price: $20.44
Closing Price: $20.46
Price Change: 0.11 (0.541%)
Lowest Price: $20.44
Highest Price: $20.72
52-Week Low: $16.79
52-Week High: $22.65
52-Week Change: 16.00%
5 Day Price Change: 0.99%
1 Month Price Change: 6.05%
3 Month Price Change: -3.35%
6 Month Price Change: -1.56%
YTD Price Change: 4.77%
1 Year Price Change: 16.00%
2 Year Price Change: 47.90%
5 Year Price Change: 47.90%

Dividend of Trading Day November 25, 2022


Dividend Yield: 7.429%*
Annualized Dividend: $1.52*
Dividend Yield (TTM): 6.929%
Annualized Dividend (TTM): $1.4101
Ex-Dividend Date: 2022-09-09
Next Ex-Dividend: 2022-12-09
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for CTO.

Year Quarter Type Amount Dividend Paid Payout Ratio
2022 Q3 AFFO $--- $--- ---%
2022 Q3 FFO $--- $--- ---%
2022 Q2 FFO $--- $--- ---%
2022 Q2 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day November 25, 2022


Total Cash: $9,532,000
Current Debt: $27,516,000
Revenue: $84,490,000
Gross Profit: $56,732,000
Total Revenue: $84,490,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $45,035,000
Revenue Per Share: $4
Revenue Per Employee: N/A
Employee: 17
Debt to Equity Ratio (D/E): 1.90
Profit Margin: 0.04%
Enterprise Value (EV): $741,040,202
Enterprise Value to Revenue (EV/R): 8.77
Price to Sales (P/S): 4.50
Price to Book (P/B): 0.86
Price/Earnings-to-Growth (PEG) Ratio: -1.16
P/E Ratio: 113.16
P/E High: 3.86
P/E Low: 2.08
Forward P/E Ratio: 242.76
Market Capitalization: $384,648,205
Beta: 0.60
Latest Volume: 65,051
Avg. Total Volume: 115,176
Avg. 10-Day Volume: 116,662
Avg. 30-Day Volume: 115,176
TTM EPS: 0.18
Shares Outstanding: 18,800,010
Float: N/A
50-Day Moving Avg.: $19.50
200-Day Moving Avg.: $20.14

Latest REIT Community Comments on #CTO


See more community comments related to CTO

Properties Owned by CTO


CTO Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $63.59 per share you would have been able to buy 15 shares of CTO on 2021-11-26 costing $953.85 @ $63.59 per share you would have been able to buy 7 shares of CTO on 2021-11-26 costing $445.13 @ $63.59 per share you would have been able to buy 3 shares of CTO on 2021-11-26 costing $190.77 @ $63.59 per share you would have been able to buy 1 shares of CTO on 2021-11-26 costing $63.59 @ $63.59 per share you would have been able to buy 0 shares of CTO on 2021-11-26 costing $0.00
Current worth On 2022-11-25 these 15 shares would be worth $306.90 @ $20.46 On 2022-11-25 these 7 shares would be worth $143.22 @ $20.46 On 2022-11-25 these 3 shares would be worth $61.38 @ $20.46 On 2022-11-25 these 1 shares would be worth $20.46 @ $20.46 On 2022-11-25 these 0 shares would be worth $0.00 @ $20.46
Dividends earned $53.70 in dividends would have been earned since 2021-11-26 with 15 shares. $25 in dividends would have been earned since 2021-11-26 with 7 shares. $10.74 in dividends would have been earned since 2021-11-26 with 3 shares. $3.58 in dividends would have been earned since 2021-11-26 with 1 shares. $0.00 in dividends would have been earned since 2021-11-26 with 7 shares.
Net (gain / loss)* -593.25 USD -276.85 USD -118.65 USD -39.55 USD 0.00 USD
ROI** -62.20% -62.20% -62.20% -62.20% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by CTO. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
CTO 2022-09-09 0.380 -66.07% 2022-08-22 2022-09-12 2022-09-30
CTO 2022-06-08 1.120 3.70% 2022-05-24 2022-06-09 2022-06-30
CTO 2022-03-09 1.080 8.00% 2022-02-23 2022-03-10 2022-03-31
CTO 2021-12-08 1.000 --- 2021-11-29 2021-12-09 2021-12-30
CTO 2021-09-08 1.000 --- 2021-08-23 2021-09-09 2021-09-30
CTO 2021-06-18 1.000 --- 2021-04-28 2021-06-21 2021-06-30
CTO 2021-03-19 1.000 --- 2021-02-16 2021-03-22 2021-03-31
CTO 2020-11-18 0.000 -100.00% 2020-11-09 2020-11-19 2020-12-21
CTO 2020-11-13 1.000 150.00% 2020-10-28 2020-11-16 2020-11-30
CTO 2020-08-14 0.400 60.00% 2020-07-29 2020-08-17 2020-08-31
CTO 2020-05-08 0.250 --- 2020-04-29 2020-05-11 2020-05-29
CTO 2020-02-21 0.250 92.31% 2020-02-12 2020-02-24 2020-02-28
CTO 2019-11-11 0.130 18.18% 2019-10-16 2019-11-12 2019-11-29
CTO 2019-08-09 0.110 10.00% 2019-07-18 2019-08-12 2019-08-30
CTO 2019-05-09 0.100 --- 2019-04-24 2019-05-10 2019-05-30
CTO 2019-02-07 0.100 25.00% 2019-01-23 2019-02-08 2019-02-28
CTO 2018-11-08 0.080 14.29% 2018-10-17 2018-11-09 2018-11-30
CTO 2018-08-09 0.070 16.67% 2018-07-18 2018-08-10 2018-08-30
CTO 2018-05-09 0.060 --- 2018-04-26 2018-05-10 2018-05-30
CTO 2018-02-09 0.060 20.00% 2018-01-25 2018-02-10 2018-02-28

Earnings Press Releases


Below are the Earnings Press Releases for CTO. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q3 CTO Realty Growth Reports Third Quarter 2021 Operating Results

Financial Statements Overview


The next Earnings Report for CTO is 2023-02-23

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2022-09-30 2022-06-30 2022-03-31 2021-12-31
Current Cash 9,532,000 7,137,000 9,450,000 8,615,000
Receivables 3,183,000 2,937,000 3,179,000 2,407,000
Inventory 0 0 0 0
Current Assets 42,703,000 29,366,000 27,325,000 35,747,000
Current Assets (Other) 29,988,000 19,187,000 14,696,000 1,991,000
Short Term Investments 29,988,000 19,187,000 14,696,000 1,991,000
Long-term Investments 803,069,000 772,989,000 726,894,000 697,392,000
Property, Plant & Equipment Net 567,241,000 528,875,000 527,013,000 494,695,000
Goodwill 0 0 0 0
Intangible Assets 87,671,000 78,328,000 81,925,000 79,492,000
Other Assets 75,449,000 100,000,000 52,841,000 75,280,000
Net Tangible Assets 356,703,000 353,136,000 348,584,000 350,988,000
Total Assets 845,772,000 802,355,000 754,219,000 733,139,000
Accounts Payable 1,136,000 1,325,000 1,553,000 676,000
Liabilities (Other) 3,521,000 2,282,000 2,579,000 0
Current Liabilities (Other) 26,380,000 23,946,000 21,326,000 23,029,000
Total Current Liabilities 27,516,000 25,271,000 22,879,000 23,705,000
Current Long-term Debt 0 0 0 0
Long-term Debt 370,248,000 343,196,000 298,079,000 278,273,000
Total Liabilities 401,368,000 370,861,000 323,680,000 302,659,000
Minority Interest 0 0 0 0
Common Stock 18,386,435 18,012,534 5,908,892 5,890,620
Retained Earnings 329,317,000 332,916,000 339,828,000 343,459,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 444,404,000 431,494,000 430,539,000 430,480,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2022-09-30 2022-06-30 2022-03-31 2021-12-31
Total Revenue 23,117,000 19,463,000 17,210,000 24,700,000
Cost of Revenue 6,776,000 5,040,000 4,067,000 11,875,000
Gross Profit 16,341,000 14,423,000 13,143,000 12,825,000
Research and Development 0 0 0 0
Selling General and Admin 3,253,000 2,676,000 3,043,000 2,725,000
Operating Expense 17,334,000 14,443,000 13,479,000 19,753,000
Operating Income 5,783,000 5,020,000 3,731,000 4,947,000
Income Expense Net (Other) 0 0 0 0
EBIT 5,783,000 5,020,000 3,731,000 4,947,000
Interest Income 3,037,000 2,277,000 1,902,000 214,000
Pretax Income 4,654,000 1,432,000 -310,000 3,224,000
Income Tax -163,000 214,000 -512,000 1,292,000
Minority Interest 0 0 0 0
Net Income 3,622,000 22,000 -993,000 736,000
Net Income Basic 3,622,000 22,000 -993,000 736,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2022-09-30 2022-06-30 2022-03-31 2021-12-31
Net Income 3,622,000 22,000 -993,000 736,000
Depreciation 7,812,000 7,224,000 6,850,000 5,973,000
Changes in Receivables 3,183,000 2,937,000 3,179,000 2,407,000
Changes in Inventories 0 0 0 0
Cash Change 9,532,000 7,137,000 9,450,000 8,615,000
Cash Flow 11,667,000 10,985,000 11,428,000 15,212,000
Capital Expenditures -83,222,000 -5,757,000 -23,864,000 -140,601,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -26,012,000 -54,342,000 -16,000 -95,228,000
Dividends Paid 0 0 0 0
Net Borrowings 330,728,000 316,872,000 273,933,000 267,667,000
Cash Flow Financing 26,843,000 41,848,000 -6,926,000 35,814,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
8 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.6
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 7.0
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.7
Rating AFFO & Efficiency Section Avg. Rating
7 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.9
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.0
6 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.1
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.7
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.6
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
8 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
9 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.2
Rating Asset & Revenue Section Avg. Rating
5 G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. 7.3
9 G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. 8.0
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.8
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.1
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.0
9.0 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

REITProperty


Below are some of the properties owned by this CTO. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
Wells Fargo Office N/A Raleigh NC
245 Riverside Office 245 Riverside Ave Jacksonville FL
Westcliff Shopping Center Retail 3604 Kell St Fort Worth TX

Last updated: 2022-11-26 - v3.5