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Consolidated-Tomoka details FY'18 guidance, boosts revolver

Consolidated-Tomoka Land Co. expects basic EPS in a range of $7.25 to $8.25 for the year ending Dec. 31.

The diversified real estate company also expanded the commitment under its revolving credit facility to $130 million, providing additional capacity of roughly $60 million, based on the outstanding balance of about $70 million, as of Dec. 31, 2017.

Consolidated-Tomoka also said it repurchased 1,280 shares of its common stock during the 2017 fourth quarter at an average purchase price of $57.00 apiece. During the full year 2017, the company repurchased 135,329 common shares at an average purchase price of $53.27 apiece.