St. Joe Earnings Reports

St. Joe Company reported a strong fourth quarter in 2024, with a 20% increase in revenue to $104.3 million and a 43% increase in net income to $18.9 million. The company saw growth across all segments, including real estate, hospitality and leasing. They also declared a quarterly dividend of $0.14 per share and increased the stock repurchase authority to $100 million.

St. Joe Company reported a 2% decrease in total revenue for Q3 2024, amounting to $99.0 million. Hospitality and leasing revenues increased by 17% and 19%, respectively, while real estate revenue decreased by 32%. Net income attributable to the company decreased by 13% to $16.8 million, or $0.29 per share. The company is focused on growing recurring revenue and improving operational efficiency.

St. Joe reported a decrease in total revenue by 13% to $111.6 million compared to Q2 2023, driven by a significant decrease in real estate revenue. However, hospitality revenue increased by 38%, and leasing revenue increased by 19%. Net income attributable to the Company decreased by 29% to $24.5 million, or $0.42 per share.

St. Joe Company reported a strong first quarter in 2024, with revenue increasing by 20% to $87.8 million, operating income increasing by 42%, and net income attributable to the Company increasing by 34% to $13.9 million, or $0.24 per share.

St. Joe Company reported a strong fourth quarter in 2023 with a 41% increase in total consolidated revenue, reaching $86.7 million. This growth was fueled by robust performance in the real estate, hospitality, and leasing sectors. However, net income attributable to the Company decreased to $13.2 million, or $0.23 per share, compared to the same period in the previous year.

St. Joe Company reported a strong third quarter in 2023, with a 76% increase in revenue to $101.4 million and a 57% increase in net income to $19.4 million compared to the same period in 2022. The growth was fueled by significant increases in real estate, hospitality, and leasing revenues.

St. Joe reported strong Q2 2023 results, with an 88% increase in revenue to $128.1 million and a 104% increase in net income to $34.7 million. All segments contributed to the growth, with real estate leading the way with a 148% increase. The company also increased its quarterly dividend by 20%.

St. Joe Company reported a 12% increase in quarterly revenue, reaching $73.0 million, driven by strong growth in hospitality and leasing revenues. However, net income decreased to $10.4 million due to increased pre-opening expenses for new hotels. The company is focused on long-term value creation through real estate development and operations.

St. Joe Company reported a decrease in total consolidated revenue for Q4 2022 to $61.6 million, compared to $99.5 million for the same period in 2021. Hospitality and leasing revenues increased, while real estate revenue decreased. Net income attributable to the Company decreased to $28.1 million, or $0.48 per share, compared to $31.9 million, or $0.54 per share, for the same period in 2021.

St. Joe Company reported a 7% increase in quarterly revenue to $57.6 million, driven by strong growth in leasing and hospitality. However, net income decreased by 18% to $12.4 million due to a decline in real estate revenue and a one-time payment received in the previous year. The company declared a quarterly dividend of $0.10 per share.

St. Joe Company reported a decrease in revenue by 6% to $68.2 million and a decrease in net income by 30% to $17.0 million for Q2 2022, compared to Q2 2021. This decline was attributed to construction delays in residential homesite deliveries, particularly in the Watersound Camp Creek community. However, leasing and hospitality revenues increased by 45% and 31%, respectively, and homesite unit sales increased by 34%.

St. Joe Company reported a strong first quarter in 2022, with a 57% increase in revenue to $64.9 million and a 319% increase in net income to $13.4 million compared to the first quarter of 2021. The company experienced growth in real estate, hospitality, and leasing revenues, and declared a quarterly dividend of $0.10 per share.

St. Joe Company reported a strong fourth quarter in 2021, with a 56% increase in revenue to $99.5 million compared to the same period in 2020. Operating income increased by 60% to $42.0 million, and net income increased by 61% to $31.9 million, or $0.54 per share. The growth was fueled by significant increases in real estate, hospitality, and leasing revenues. The company also increased its quarterly dividend by 25%.

St. Joe Company reported a strong third quarter in 2021, with revenue up 28% to $53.9 million compared to $42.0 million in the third quarter of 2020. Net income increased by 94% to $15.2 million, or $0.26 per share. The company saw revenue growth in leasing, hospitality, and real estate.

St. Joe reported a strong second quarter in 2021, with revenue doubling compared to the same period in 2020. The company saw significant increases in real estate, hospitality, and leasing revenue, leading to a substantial rise in operating and net income. The company is focused on growth, diversification, and recurring revenue streams.

St. Joe Company reported a strong first quarter in 2021, with revenue increasing by 122% to $41.3 million compared to $18.6 million in the first quarter of 2020. The increase was broad-based, with significant growth in real estate, hospitality, and leasing revenues. Operating income was $5.5 million, a significant increase from the operating loss of $1.3 million in the same period last year. Net income also increased to $3.2 million, or $0.05 per share, compared to a net loss of $1.5 million, or ($0.03) per share, for the same period in 2020.

St. Joe Company reported a strong fourth quarter in 2020 with a 50% increase in total revenue to $63.9 million and a 128% increase in net income to $19.8 million, or $0.34 per share, compared to Q4 2019. The growth was primarily driven by increases in real estate, hospitality, and leasing revenues. The company sold 206 homesites, executed eight new commercial leases, and saw growth in The Clubs by JOE membership.

St. Joe Company reported a 28% increase in total revenue to $42.0 million for Q3 2020, compared to $32.8 million in Q3 2019. This growth was driven by increases in real estate, leasing, and hospitality revenues. The company's operating income increased by 49%, and net income rose by 37% to $7.8 million, or $0.13 per share.

St. Joe Company reported a 2% increase in total revenue to $36.1 million for Q2 2020, driven by growth in real estate, leasing, and timber revenues, which offset a decline in hospitality revenue. Net income surged by 85% to $19.2 million, or $0.33 per share, primarily due to an after-tax gain from land transfer. The company saw positive momentum across operating segments, with residential homesite sales, new commercial leases, and club memberships contributing to the overall growth.

St. Joe reported a 16% increase in revenue for Q1 2020, reaching $18.6 million compared to $16.0 million in Q1 2019. However, the company experienced a net loss of $1.5 million, or $0.03 per share, due to the impact of COVID-19 on its hospitality segment and a total investment loss of $1.6 million. Despite these challenges, the residential and commercial segments showed resilience, and the company increased its backlog of residential homesite contracts and leased apartment units.

St. Joe Company reported a substantial increase in revenue for Q4 2019, reaching $42.6 million compared to $16.3 million in Q4 2018. Net income also saw a positive shift, with $8.7 million or $0.15 per share, compared to a net loss of ($0.1) million or ($0.00) per share for the same period in 2018. Operating income improved by approximately $16.5 million.