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Dec 31, 2022
St. Joe Q4 2022 Earnings Report
St. Joe's Q4 2022 results were reported, revealing a decrease in total consolidated revenue to $61.6 million compared to $99.5 million in Q4 2021, with hospitality and leasing revenues increasing while real estate revenue decreased.
Key Takeaways
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.
Total consolidated revenue decreased to $61.6 million compared to $99.5 million in Q4 2021.
Hospitality revenue increased to $22.3 million, and leasing revenue increased to $11.0 million.
Real estate revenue decreased to $27.0 million.
Net income attributable to the Company decreased to $28.1 million, or $0.48 per share.
Revenue by Segment
Forward Guidance
The St. Joe Company anticipates opening five new hotels totaling 646 additional rooms and 519 new multi-family and senior living units in the first six months of 2023. Homesite sales revenue is expected to accelerate due to capital expenditures in various communities. The company is also seeing an easing of supply chain constraints and costs.
Positive Outlook
- Anticipates opening five new hotels totaling 646 additional rooms within the first six months of 2023.
- Expects to open 519 new multi-family and senior living units in 2023.
- Homesite sales revenue is expected to accelerate with capital expenditures in various communities.
- Beginning to see an easing of supply chain constraints and costs.
- The Latitude Margaritaville Watersound community is expected to increase in ranking and profits.
Challenges Ahead
- No specific negatives were mentioned in the provided context.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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