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Dec 31, 2021
St. Joe Q4 2021 Earnings Report
St. Joe's Q4 2021 earnings increased, driven by growth in real estate, hospitality and leasing revenue and increased its quarterly dividend by 25%.
Key Takeaways
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%.
Revenue increased by 56% to $99.5 million compared to Q4 2020.
Operating income increased by 60% to $42.0 million.
Net income increased by 61% to $31.9 million, or $0.54 per share.
The Board of Directors declared a cash dividend of $0.10 per share, a 25% increase.
Revenue by Segment
Forward Guidance
The company anticipates continued growth, driven by residential, hospitality and commercial segments. They plan to expand operational assets and maintain efficient cost structure.
Positive Outlook
- Continued growth in residential segment.
- Expansion of operational assets in hospitality.
- Increased demand in commercial segment.
- Plans to maintain an efficient cost structure.
- Capital allocation initiatives, including dividend payments.
Challenges Ahead
- Potential impacts of the ongoing COVID-19 pandemic.
- New or increased competition across our business units.
- Any decline in general economic conditions, particularly in our primary markets.
- Our dependence on homebuilders.
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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