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Jun 30, 2021
St. Joe Q2 2021 Earnings Report
St. Joe's revenue increased by 100%, driven by growth in real estate, hospitality, and leasing. Operating and net income also saw significant increases.
Key Takeaways
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.
Total revenue increased by 100% to $72.2 million compared to Q2 2020.
Real estate revenue increased by 133%, hospitality revenue increased by 95%, and leasing revenue increased by 31%.
Operating income increased by 177% to $30.7 million.
Net income increased by 26% to $24.2 million, or $0.41 per share.
Revenue by Segment
Forward Guidance
The Company expects to continue to see growth in revenue and earnings due to the continued expansion of its residential communities, new hotels, additional apartments and commercial buildings.
Positive Outlook
- Continued expansion of residential communities
- Opening of new hotels
- Addition of new apartments
- Growth in commercial buildings
- Further diversification into senior living
Challenges Ahead
- Potential impacts of the ongoing COVID-19 pandemic
- Changes in strategic objectives
- Ability to successfully execute newer business ventures
- Potential negative impact of longer-term property development strategy
- Significant decreases in the market value of investments in securities or any other investments
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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